Akita Shinkansen Akita 2015-2Q
Home market report

Akita Shinkansen railway market report

Akita Shinkansen Home market overview

The average price of a sq.m Home of Akita Shinkansen (Tazawako to Akita), in Apr, 2015 to Jun, 2015 was 115,407 JPY/sq.m. The market value represents a decrease of 5,849 JPY (-4.8%) compared to 1 year ago and a transition to a some market. 37 properties exchanged hands ( The market value represents an increase of 1 (+2.8%) compared to 1 year ago and a transition to a slight market.).

The average age of the real estate was 25.0 years old (a +9.0% increase compared to the 23.0 years old of last year.). The average size of the real estate was 326.9 sq.m (a +13.8% increase compared to the 287.2 sq.m of last year.). The average total floor space of the real estate was 160.7 sq.m (a -16.9% decrease compared to the 193.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving older buildings over 40 years old, as well as a dramatic decrease in transactions involving relatively old buildings under 40 years old.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations. Akita station has seen a price decrease of over 20% compared to last year. The most dramatic price increase was at Akita station, where prices have decreased -4.8% compared to last year; a sq.m unit now costs 115,407 JPY/sq.m.

The top 1 stations has seen prices increase -4.8% (-5,849 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -4.8% (-5,849 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 64.7% of total transactions in 2014 and 50.0% of total transactions in 2015)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 17.6% of total transactions in 2014 and 23.5% of total transactions in 2015)

Causes of price decreases

  • An increase in average distance from the station (representing 30.3 min in 2014 and 35.1 min in 2015; +16.0%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 5.9% of total transactions in 2014 and 17.6% of total transactions in 2015)

Breakdown of each segment

The table below shows Home dealt in Akita Shinkansen, 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:

※各年ごとの取引件数の割合が高いセグメントほど赤く表示

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Home stations market overview

The average price of a sq.m Home of Akita, the highest market value along this railway was 115,407 JPY/sq.m. The market value represents a decrease of 5,849 JPY (-4.8%) compared to 1 year ago and a transition to a some market. 37 properties exchanged hands ( The market value represents an increase of 1 (+2.8%) compared to 1 year ago and a transition to a slight market.).

The average price of a sq.m Home of Akita, the lowest market value along this railway was 115,407 JPY/sq.m. The market value represents a decrease of 5,849 JPY (-4.8%) compared to 1 year ago and a transition to a some market. 37 properties exchanged hands ( The market value represents an increase of 1 (+2.8%) compared to 1 year ago and a transition to a slight market.).

Akita Shinkansen (Stations Home market overview)
Akita ShinkansenThis year(2015)1 year ago2 years ago
Tazawako---
Kakunodate--38,771 JPY (33.9Y/936.7sq.m)
Omagari--102,696 JPY (22.7Y/344.2sq.m)
Akita115,407 JPY (25.0Y/326.9sq.m)121,256 JPY (23.0Y/287.2sq.m)157,310 JPY (23.6Y/319.3sq.m)

*Average unit prices per sq.m of Home 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.

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Noteworthy stations

Akita115,407 JPY/sq.m (-5% compared with the previous year)

The average price of a sq.m Home of Akita was 115,407 JPY/sq.m. The market value represents a decrease of 5,849 JPY (-4.8%) compared to 1 year ago and a transition to a some market. 37 properties exchanged hands ( The market value represents an increase of 1 (+2.8%) compared to 1 year ago and a transition to a slight market.).

The average age of the real estate was 25.0 years old (a +9.0% increase compared to the 23.0 years old of last year.). The average size of the real estate was 326.9 sq.m (a +13.8% increase compared to the 287.2 sq.m of last year.). The average total floor space of the real estate was 160.7 sq.m (a -16.9% decrease compared to the 193.4 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 64.7% of total transactions in 2014 and 50.0% of total transactions in 2015)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 17.6% of total transactions in 2014 and 23.5% of total transactions in 2015)

Causes of price decreases

  • An increase in average distance from the station (representing 30.3 min in 2014 and 35.1 min in 2015; +16.0%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 5.9% of total transactions in 2014 and 17.6% of total transactions in 2015)

Breakdown of each segment

Station:   Segment:

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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)