Konan Railway Line Apartment market overview

The average price of a sq.m Apartment of Konan Railway Line (Hirosaki to Hirosaki), in Jan, 2013 to Dec, 2013 was 166,025 JPY/sq.m. The market value represents a decrease of 18,205 JPY (-9.9%) compared to 1 year ago and a transition to a bear market. 21 properties exchanged hands ( The market value represents an increase of 2 (+10.5%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 21.5 years old (a +25.8% increase compared to the 17.1 years old of last year.). The average size of the real estate was 59.8 sq.m (a +0.9% increase compared to the 59.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations. Hirosaki station has seen a price decrease of over 10% compared to last year. The most dramatic price increase was at Hirosaki station, where prices have decreased -9.9% compared to last year; a sq.m unit now costs 166,025 JPY/sq.m.

The top 1 stations has seen prices increase -9.9% (-18,205 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -9.9% (-18,205 JPY/sq.m).


Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 5.3% of total transactions in 2012 and 9.5% of total transactions in 2013)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 17.1 years old in 2012 and 21.5 years old in 2013; +25.8%)
  • A dramatic increase in average distance from the station (representing 11.9 min in 2012 and 14.8 min in 2013; +24.0%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 63.2% of total transactions in 2012 and 80.0% of total transactions in 2013)

Breakdown of each segment

The table below shows Apartment dealt in Konan Railway Line, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

Top

Apartment stations market overview

The average price of a sq.m Apartment of Hirosaki, the highest market value along this railway was 166,025 JPY/sq.m. The market value represents a decrease of 18,205 JPY (-9.9%) compared to 1 year ago and a transition to a bear market. 21 properties exchanged hands ( The market value represents an increase of 2 (+10.5%) compared to 1 year ago and a transition to a bull market.).

The average price of a sq.m Apartment of Hirosaki, the lowest market value along this railway was 166,025 JPY/sq.m. The market value represents a decrease of 18,205 JPY (-9.9%) compared to 1 year ago and a transition to a bear market. 21 properties exchanged hands ( The market value represents an increase of 2 (+10.5%) compared to 1 year ago and a transition to a bull market.).

Konan Railway Line (Stations Apartment market overview)
Konan Railway LineThis year(2013)1 year ago2 years ago
Hirosaki166,025 JPY (21.5Y/59.8sq.m)184,231 JPY (17.1Y/59.2sq.m)114,714 JPY (23.1Y/48.9sq.m)
*Average unit prices per sq.m of Apartment at each train station were calculated using the Utinokati database of actual market sales prices (based on surveys conducted by the Ministry of Land, Infrastructure, Transport, and Tourism of Japan). Units: JPY (Japanese Yen); parenthesis contain average age in years of building / equivalent measurement of area of real estate.
Top

Noteworthy stations

Hirosaki166,025 JPY/sq.m (-10% compared with the previous year)

The average price of a sq.m Apartment of Hirosaki was 166,025 JPY/sq.m. The market value represents a decrease of 18,205 JPY (-9.9%) compared to 1 year ago and a transition to a bear market. 21 properties exchanged hands ( The market value represents an increase of 2 (+10.5%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 21.5 years old (a +25.8% increase compared to the 17.1 years old of last year.). The average size of the real estate was 59.8 sq.m (a +0.9% increase compared to the 59.2 sq.m of last year.).

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 5.3% of total transactions in 2012 and 9.5% of total transactions in 2013)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 17.1 years old in 2012 and 21.5 years old in 2013; +25.8%)
  • A dramatic increase in average distance from the station (representing 11.9 min in 2012 and 14.8 min in 2013; +24.0%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 63.2% of total transactions in 2012 and 80.0% of total transactions in 2013)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (https://utinokati.com/en/) where the data will be posted. (As a general rule, prior consent is not required.) Our data is based on Ministry of Land, Infrastructure, Transport, and Tourism of Japan (actual market sales prices)