Akita Shinkansen Akita 2015-2Q
Land market report

Akita Shinkansen railway market report

Akita Shinkansen Land market overview

The average price of a sq.m Land of Akita Shinkansen (Tazawako to Akita), in Apr, 2015 to Jun, 2015 was 34,432 JPY/sq.m. The market value represents a decrease of 4,487 JPY (-11.5%) compared to 1 year ago and a transition to a weak market. 32 properties exchanged hands ( The market value represents an increase of 4 (+14.3%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 242.5 sq.m (a -16.9% decrease compared to the 292.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an increase in transactions involving very large size more than 200 sq.m.

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 5% compared to last year. The most dramatic price increase was at Akita station, where prices have decreased -11.5% compared to last year; a sq.m unit now costs 34,432 JPY/sq.m.

The top 1 stations has seen prices increase -11.5% (-4,487 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -11.5% (-4,487 JPY/sq.m).


Breakdown of each segment

The table below shows Land 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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Land stations market overview

The average price of a sq.m Land of Akita, the highest market value along this railway was 34,432 JPY/sq.m. The market value represents a decrease of 4,487 JPY (-11.5%) compared to 1 year ago and a transition to a weak market. 32 properties exchanged hands ( The market value represents an increase of 4 (+14.3%) compared to 1 year ago and a transition to a bull market.).

The average price of a sq.m Land of Akita, the lowest market value along this railway was 34,432 JPY/sq.m. The market value represents a decrease of 4,487 JPY (-11.5%) compared to 1 year ago and a transition to a weak market. 32 properties exchanged hands ( The market value represents an increase of 4 (+14.3%) compared to 1 year ago and a transition to a bull market.).

Akita Shinkansen (Stations Land market overview)
Akita ShinkansenThis year(2015)1 year ago2 years ago
Tazawako---
Kakunodate--16,103 JPY (0.0Y/453.8sq.m)
Omagari--18,815 JPY (0.0Y/648.5sq.m)
Akita34,432 JPY (0.0Y/242.5sq.m)38,919 JPY (0.0Y/292.0sq.m)39,228 JPY (0.0Y/312.4sq.m)

*Average unit prices per sq.m of Land 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

Akita34,432 JPY/sq.m (-12% compared with the previous year)

The average price of a sq.m Land of Akita was 34,432 JPY/sq.m. The market value represents a decrease of 4,487 JPY (-11.5%) compared to 1 year ago and a transition to a weak market. 32 properties exchanged hands ( The market value represents an increase of 4 (+14.3%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 242.5 sq.m (a -16.9% decrease compared to the 292.0 sq.m of last year.).


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)