Aoimori Railway Line Apartment market overview

The average price of a sq.m Apartment of Aoimori Railway Line (Asamushionnsenn to Aomori), in Jan, 2013 to Mar, 2013 was 151,708 JPY/sq.m. The market value represents a decrease of 15,625 JPY (-9.3%) compared to 1 year ago and a transition to a bear market. 9 properties exchanged hands ( The market value represents an increase of 4 (+80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.6 years old (a -6.9% decrease compared to the 21.0 years old of last year.). The average size of the real estate was 54.4 sq.m (a -7.7% decrease compared to the 59.0 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.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Aomori station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Aomori station, where prices have increased +24.1% compared to last year; a sq.m unit now costs 151,708 JPY/sq.m.

The top 1 stations has seen prices increase +24.1% (+29,487 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +24.1% (+29,487 JPY/sq.m).


Cause of price increases

  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 80.0% of total transactions in 2012 and 77.8% of total transactions in 2013)

Breakdown of each segment

The table below shows Apartment dealt in Aoimori 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 Aomori, the highest market value along this railway was 151,708 JPY/sq.m. The market value represents an increase of 29,487 JPY (+24.1%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 6 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Apartment of Aomori, the lowest market value along this railway was 151,708 JPY/sq.m. The market value represents an increase of 29,487 JPY (+24.1%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 6 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

Aoimori Railway Line (Stations Apartment market overview)
Aoimori Railway LineThis year(2013)1 year ago2 years ago
Asamushionnsenn-70,000 JPY (31.0Y/50.0sq.m)-
Koyanagi---
Higashiaomori-400,000 JPY (3.0Y/95.0sq.m)132,857 JPY (20.0Y/70.0sq.m)
Tsutsui---
Aomori151,708 JPY (19.6Y/54.4sq.m)122,222 JPY (23.7Y/50.0sq.m)213,370 JPY (10.8Y/66.2sq.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

Aomori151,708 JPY/sq.m (+24% compared with the previous year)

The average price of a sq.m Apartment of Aomori was 151,708 JPY/sq.m. The market value represents an increase of 29,487 JPY (+24.1%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 6 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.6 years old (a -17.4% decrease compared to the 23.7 years old of last year.). The average size of the real estate was 54.4 sq.m (a +8.9% increase compared to the 50.0 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 23.7 years old in 2012 and 19.6 years old in 2013; -17.4%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2012 and 77.8% 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)