Konan Railway Line Apartment market overview

The average price of a sq.m Apartment of Konan Railway Line (Hirosaki to Hirosaki), in Jan, 2017 to Jun, 2017 was 266,557 JPY/sq.m. The market value represents an increase of 30,559 JPY (+12.9%) compared to 1 year ago and a transition to a bull market. 3 properties exchanged hands ( The market value represents a decrease of 4 (-57.1%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 15.8 years old (a -15.1% decrease compared to the 18.6 years old of last year.). The average size of the real estate was 78.3 sq.m (a +14.2% increase compared to the 68.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving new buildings under 10 years old.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. The market value increased in all stations. Hirosaki station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Hirosaki station, where prices have increased +12.9% compared to last year; a sq.m unit now costs 266,557 JPY/sq.m.

The top 1 stations has seen prices increase +12.9% (+30,559 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +12.9% (+30,559 JPY/sq.m).


Cause of price increases

  • An decrease in average age of the building (representing 18.6 years old in 2016 and 15.8 years old in 2017; -15.1%)
  • An decrease in average distance from the station (representing 14.7 min in 2016 and 12.0 min in 2017; -18.4%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 57.1% of total transactions in 2016 and 33.3% of total transactions in 2017)

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 266,557 JPY/sq.m. The market value represents an increase of 30,559 JPY (+12.9%) compared to 1 year ago and a transition to a bull market. 3 properties exchanged hands ( The market value represents a decrease of 4 (-57.1%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Apartment of Hirosaki, the lowest market value along this railway was 266,557 JPY/sq.m. The market value represents an increase of 30,559 JPY (+12.9%) compared to 1 year ago and a transition to a bull market. 3 properties exchanged hands ( The market value represents a decrease of 4 (-57.1%) compared to 1 year ago and a transition to a dramatic market.).

Konan Railway Line (Stations Apartment market overview)
Konan Railway LineThis year(2017)1 year ago2 years ago
Hirosaki266,557 JPY (15.8Y/78.3sq.m)235,998 JPY (18.6Y/68.6sq.m)176,621 JPY (19.7Y/58.2sq.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

Hirosaki266,557 JPY/sq.m (+13% compared with the previous year)

The average price of a sq.m Apartment of Hirosaki was 266,557 JPY/sq.m. The market value represents an increase of 30,559 JPY (+12.9%) compared to 1 year ago and a transition to a bull market. 3 properties exchanged hands ( The market value represents a decrease of 4 (-57.1%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 15.8 years old (a -15.1% decrease compared to the 18.6 years old of last year.). The average size of the real estate was 78.3 sq.m (a +14.2% increase compared to the 68.6 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 18.6 years old in 2016 and 15.8 years old in 2017; -15.1%)
  • An decrease in average distance from the station (representing 14.7 min in 2016 and 12.0 min in 2017; -18.4%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 57.1% of total transactions in 2016 and 33.3% of total transactions in 2017)

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)