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 Apr, 2014 to Jun, 2014 was 32,804 JPY/sq.m. The market value represents an increase of 3,401 JPY (+11.6%) compared to 1 year ago and a transition to a bull market. 26 properties exchanged hands ( The market value represents a decrease of 26 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 925.4 sq.m (a +174.0% increase compared to the 337.7 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; 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 Hirosakihigashikoumae station, where prices have increased +12.8% compared to last year; a sq.m unit now costs 32,686 JPY/sq.m.

The top 1 stations has seen prices increase +12.8% (+3,704 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -11.9% (-4,439 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 25.0 min in 2013 and 36.2 min in 2014; +44.7%)

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 Hirosaki, the highest market value along this railway was 32,818 JPY/sq.m. The market value represents a decrease of 4,439 JPY (-11.9%) compared to 1 year ago and a transition to a weak market. 23 properties exchanged hands ( The market value represents a decrease of 11 (-32.4%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Hirosakihigashikoumae, the lowest market value along this railway was 32,686 JPY/sq.m. The market value represents an increase of 3,704 JPY (+12.8%) compared to 1 year ago and a transition to a bull market. 2 properties exchanged hands (It was the same as last year.).

Konan Railway Line (Stations Land market overview)
Konan Railway LineThis year(2014)1 year ago2 years ago
Hirosaki32,818 JPY (0.0Y/915.2sq.m)37,256 JPY (0.0Y/330.3sq.m)31,809 JPY (0.0Y/297.4sq.m)
Hirosakihigashikoumae32,686 JPY (0.0Y/505.0sq.m)28,982 JPY (0.0Y/117.5sq.m)20,500 JPY (0.0Y/40.0sq.m)
Unndoukouennmae---
Nisato-11,428 JPY (0.0Y/70.0sq.m)-
Tachita---
Hiraka-22,005 JPY (0.0Y/221.7sq.m)10,217 JPY (0.0Y/691.7sq.m)
Tsugaruonoe---
Inakadate-16,666 JPY (0.0Y/90.0sq.m)15,049 JPY (0.0Y/277.5sq.m)
Kuroishi-10,013 JPY (0.0Y/479.1sq.m)10,220 JPY (0.0Y/500.4sq.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

Hirosakihigashikoumae32,686 JPY/sq.m (+13% compared with the previous year)

The average price of a sq.m Land of Hirosakihigashikoumae was 32,686 JPY/sq.m. The market value represents an increase of 3,704 JPY (+12.8%) compared to 1 year ago and a transition to a bull market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 505.0 sq.m (a +329.8% increase compared to the 117.5 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 19.0 min in 2013 and 15.5 min in 2014; -18.4%)

Hirosaki32,818 JPY/sq.m (-12% compared with the previous year)

The average price of a sq.m Land of Hirosaki was 32,818 JPY/sq.m. The market value represents a decrease of 4,439 JPY (-11.9%) compared to 1 year ago and a transition to a weak market. 23 properties exchanged hands ( The market value represents a decrease of 11 (-32.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 915.2 sq.m (a +177.1% increase compared to the 330.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 25.4 min in 2013 and 38.2 min in 2014; +50.2%)

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)