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 Jul, 2014 to Sep, 2014 was 21,472 JPY/sq.m. The market value represents a decrease of 7,938 JPY (-27.0%) compared to 1 year ago and a transition to a dramatic market. 28 properties exchanged hands ( The market value represents a decrease of 32 (-53.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 328.2 sq.m (a -9.2% decrease compared to the 361.7 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; 3 stations have experienced decreased prices. Market value of most stations decreased. Kuroishi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kuroishi station, where prices have increased +20.8% compared to last year; a sq.m unit now costs 12,746 JPY/sq.m.

The top 1 stations has seen prices increase +20.8% (+2,191 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -77.7% (-15,626 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 33,333 JPY/sq.m. The market value represents a decrease of 6,471 JPY (-16.3%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Hiraka, the lowest market value along this railway was 4,496 JPY/sq.m. The market value represents a decrease of 15,626 JPY (-77.7%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 6 (-60.0%) 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
Hirosaki29,863 JPY (0.0Y/328.3sq.m)36,893 JPY (0.0Y/378.0sq.m)32,414 JPY (0.0Y/294.5sq.m)
Hirosakihigashikoumae33,333 JPY (0.0Y/330.0sq.m)39,804 JPY (0.0Y/215.0sq.m)30,357 JPY (0.0Y/280.0sq.m)
Unndoukouennmae---
Nisato---
Tachita-13,714 JPY (0.0Y/350.0sq.m)11,290 JPY (0.0Y/310.0sq.m)
Hiraka4,496 JPY (0.0Y/346.2sq.m)20,123 JPY (0.0Y/218.5sq.m)-
Tsugaruonoe-10,284 JPY (0.0Y/285.0sq.m)4,487 JPY (0.0Y/780.0sq.m)
Inakadate--7,916 JPY (0.0Y/240.0sq.m)
Kuroishi12,746 JPY (0.0Y/318.8sq.m)10,554 JPY (0.0Y/522.5sq.m)11,835 JPY (0.0Y/213.0sq.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

Kuroishi12,746 JPY/sq.m (+21% compared with the previous year)

The average price of a sq.m Land of Kuroishi was 12,746 JPY/sq.m. The market value represents an increase of 2,191 JPY (+20.8%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 318.8 sq.m (a -39.0% decrease compared to the 522.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 44.5 min in 2013 and 18.4 min in 2014; -58.7%)

Hiraka4,496 JPY/sq.m (-78% compared with the previous year)

The average price of a sq.m Land of Hiraka was 4,496 JPY/sq.m. The market value represents a decrease of 15,626 JPY (-77.7%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 6 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 346.2 sq.m (a +58.5% increase compared to the 218.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.5 min in 2013 and 28.0 min in 2014; +166.7%)

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)