Konan Railway Line Aomori 2014-1Q
Land market report

Konan Railway Line railway market report

Konan Railway Line Land market overview

The average price of a sq.m Land of Konan Railway Line (Hirosaki to Kuroishi), in Jan, 2014 to Mar, 2014 was 24,642 JPY/sq.m. The market value represents a decrease of 2,447 JPY (-9.0%) compared to 1 year ago and a transition to a bear market. 20 properties exchanged hands ( The market value represents a decrease of 15 (-42.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 659.2 sq.m (a +94.2% increase compared to the 339.4 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.

3 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Hirosakihigashikoumae station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Hiraka station, where prices have increased +196.0% compared to last year; a sq.m unit now costs 14,312 JPY/sq.m.

The top 1 stations has seen prices increase +196.0% (+9,476 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -14.6% (-5,097 JPY/sq.m).


Breakdown of each segment

The table below shows Land 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:

※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 Hirosakihigashikoumae, the highest market value along this railway was 35,625 JPY/sq.m. The market value represents an increase of 5,322 JPY (+17.6%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Kuroishi, the lowest market value along this railway was 14,000 JPY/sq.m. The market value represents an increase of 183 JPY (+1.3%) compared to 1 year ago and a transition to a slight 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.).

Konan Railway Line (Stations Land market overview)
Konan Railway LineThis year(2014)1 year ago2 years ago
Hirosaki29,872 JPY (0.0Y/452.1sq.m)34,969 JPY (0.0Y/305.7sq.m)40,103 JPY (0.0Y/320.7sq.m)
Hirosakihigashikoumae35,625 JPY (0.0Y/1600.0sq.m)30,303 JPY (0.0Y/330.0sq.m)26,445 JPY (0.0Y/295.0sq.m)
Unndoukouennmae---
Nisato---
Tachita-19,166 JPY (0.0Y/240.0sq.m)9,058 JPY (0.0Y/850.0sq.m)
Hiraka14,312 JPY (0.0Y/170.0sq.m)4,836 JPY (0.0Y/375.0sq.m)18,824 JPY (0.0Y/232.0sq.m)
Tsugaruonoe3,571 JPY (0.0Y/560.0sq.m)--
Inakadate---
Kuroishi14,000 JPY (0.0Y/1500.0sq.m)13,817 JPY (0.0Y/463.3sq.m)18,181 JPY (0.0Y/1082.5sq.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

Hiraka14,312 JPY/sq.m (+196% compared with the previous year)

The average price of a sq.m Land of Hiraka was 14,312 JPY/sq.m. The market value represents an increase of 9,476 JPY (+196.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 170.0 sq.m (a -54.7% decrease compared to the 375.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 24.5 min in 2013 and 7.0 min in 2014; -71.4%)

Hirosaki29,872 JPY/sq.m (-15% compared with the previous year)

The average price of a sq.m Land of Hirosaki was 29,872 JPY/sq.m. The market value represents a decrease of 5,097 JPY (-14.6%) compared to 1 year ago and a transition to a weak market. 12 properties exchanged hands ( The market value represents a decrease of 11 (-47.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 452.1 sq.m (a +47.9% increase compared to the 305.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 27.4 min in 2013 and 36.0 min in 2014; +31.4%)

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)