JR Hachinohe Line Aomori 2013-2Q
Land market report

JR Hachinohe Line railway market report

JR Hachinohe Line Land market overview

The average price of a sq.m Land of JR Hachinohe Line (Hachinohe to Hashikami), in Apr, 2013 to Jun, 2013 was 28,853 JPY/sq.m. The market value represents an increase of 4,251 JPY (+17.3%) compared to 1 year ago and a transition to a bull market. 107 properties exchanged hands ( The market value represents an increase of 20 (+23.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 310.7 sq.m (a -23.8% decrease compared to the 407.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

6 stations have experienced increased prices; 3 stations have experienced decreased prices. The overall trend was the same as last year. Honnhachinohe, Shirogane station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kanehama station, where prices have increased +299.2% compared to last year; a sq.m unit now costs 9,677 JPY/sq.m.

The top 2 stations has seen prices increase +225.4% (+10,481 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -11.3% (-3,892 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.3% of total transactions in 2012 and 6.5% of total transactions in 2013)

Breakdown of each segment

The table below shows Land dealt in JR Hachinohe 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:

※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 Honnhachinohe, the highest market value along this railway was 42,985 JPY/sq.m. The market value represents an increase of 7,535 JPY (+21.3%) compared to 1 year ago and a transition to a dramatic market. 29 properties exchanged hands ( The market value represents an increase of 9 (+45.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Ooja, the lowest market value along this railway was 6,830 JPY/sq.m. The market value represents an increase of 663 JPY (+10.7%) compared to 1 year ago and a transition to a bull market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

JR Hachinohe Line (Stations Land market overview)
JR Hachinohe LineThis year(2013)1 year ago2 years ago
Hachinohe22,754 JPY (0.0Y/295.5sq.m)23,413 JPY (0.0Y/256.2sq.m)22,593 JPY (0.0Y/416.6sq.m)
Naganawashiro27,054 JPY (0.0Y/275.0sq.m)33,343 JPY (0.0Y/686.2sq.m)55,000 JPY (0.0Y/200.0sq.m)
Honnhachinohe42,985 JPY (0.0Y/308.1sq.m)35,450 JPY (0.0Y/478.5sq.m)40,269 JPY (0.0Y/279.2sq.m)
Konakano38,758 JPY (0.0Y/356.2sq.m)40,254 JPY (0.0Y/458.3sq.m)33,113 JPY (0.0Y/336.0sq.m)
Mutsuminato25,291 JPY (0.0Y/223.3sq.m)21,728 JPY (0.0Y/251.2sq.m)22,941 JPY (0.0Y/340.0sq.m)
Shirogane21,351 JPY (0.0Y/225.8sq.m)14,289 JPY (0.0Y/432.5sq.m)33,336 JPY (0.0Y/268.8sq.m)
Same22,756 JPY (0.0Y/297.5sq.m)9,047 JPY (0.0Y/420.0sq.m)-
Mutsushirahama-3,878 JPY (0.0Y/745.0sq.m)-
Tanesashikaigann1,583 JPY (0.0Y/1200.0sq.m)--
Ookuki---
Kanehama9,677 JPY (0.0Y/310.0sq.m)2,424 JPY (0.0Y/886.7sq.m)10,236 JPY (0.0Y/217.5sq.m)
Ooja6,830 JPY (0.0Y/665.0sq.m)6,167 JPY (0.0Y/420.0sq.m)-
Hashikami11,578 JPY (0.0Y/190.0sq.m)-6,500 JPY (0.0Y/200.0sq.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

Kanehama9,677 JPY/sq.m (+299% compared with the previous year)

The average price of a sq.m Land of Kanehama was 9,677 JPY/sq.m. The market value represents an increase of 7,253 JPY (+299.2%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 310.0 sq.m (a -65.0% decrease compared to the 886.7 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 80.0 min in 2012 and 90.0 min in 2013; +12.5%)

Same22,756 JPY/sq.m (+152% compared with the previous year)

The average price of a sq.m Land of Same was 22,756 JPY/sq.m. The market value represents an increase of 13,709 JPY (+151.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 297.5 sq.m (a -29.2% decrease compared to the 420.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 11.0 min in 2012 and 21.0 min in 2013; +90.9%)

Naganawashiro27,054 JPY/sq.m (-19% compared with the previous year)

The average price of a sq.m Land of Naganawashiro was 27,054 JPY/sq.m. The market value represents a decrease of 6,289 JPY (-18.9%) compared to 1 year ago and a transition to a weak market. 7 properties exchanged hands ( The market value represents a decrease of 1 (-12.5%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 275.0 sq.m (a -59.9% decrease compared to the 686.2 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 27.5 min in 2012 and 22.9 min in 2013; -16.9%)

Konakano38,758 JPY/sq.m (-4% compared with the previous year)

The average price of a sq.m Land of Konakano was 38,758 JPY/sq.m. The market value represents a decrease of 1,495 JPY (-3.7%) compared to 1 year ago and a transition to a some market. 8 properties exchanged hands ( The market value represents an increase of 5 (+166.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 356.2 sq.m (a -22.3% decrease compared to the 458.3 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 16.7 min in 2012 and 19.9 min in 2013; +19.2%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 33.3% of total transactions in 2012 and 12.5% of total transactions in 2013)

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)