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 Oct, 2014 to Dec, 2014 was 26,129 JPY/sq.m. The market value represents an increase of 1,742 JPY (+7.1%) compared to 1 year ago and a transition to a strong market. 11 properties exchanged hands ( The market value represents a decrease of 41 (-78.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 582.3 sq.m (a +30.0% increase compared to the 448.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations. Hirosaki station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Hirosaki station, where prices have decreased -13.9% compared to last year; a sq.m unit now costs 26,129 JPY/sq.m.

The top 1 stations has seen prices increase -13.9% (-4,234 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -13.9% (-4,234 JPY/sq.m).

Causes of price decreases

  • An increase in average distance from the station (representing 29.4 min in 2013 and 33.7 min in 2014; +14.9%)

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 26,129 JPY/sq.m. The market value represents a decrease of 4,234 JPY (-13.9%) compared to 1 year ago and a transition to a weak market. 11 properties exchanged hands ( The market value represents a decrease of 20 (-64.5%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Hirosaki, the lowest market value along this railway was 26,129 JPY/sq.m. The market value represents a decrease of 4,234 JPY (-13.9%) compared to 1 year ago and a transition to a weak market. 11 properties exchanged hands ( The market value represents a decrease of 20 (-64.5%) 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
Hirosaki26,129 JPY (0.0Y/582.3sq.m)30,363 JPY (0.0Y/429.5sq.m)31,953 JPY (0.0Y/280.4sq.m)
Hirosakihigashikoumae-29,166 JPY (0.0Y/213.3sq.m)-
Unndoukouennmae---
Nisato---
Tachita-19,030 JPY (0.0Y/250.0sq.m)-
Hiraka-14,174 JPY (0.0Y/312.5sq.m)27,233 JPY (0.0Y/226.0sq.m)
Tsugaruonoe-5,662 JPY (0.0Y/770.0sq.m)1,923 JPY (0.0Y/260.0sq.m)
Inakadate-1,538 JPY (0.0Y/1300.0sq.m)17,600 JPY (0.0Y/1062.5sq.m)
Kuroishi-12,618 JPY (0.0Y/562.5sq.m)9,150 JPY (0.0Y/239.0sq.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

Hirosaki26,129 JPY/sq.m (-14% compared with the previous year)

The average price of a sq.m Land of Hirosaki was 26,129 JPY/sq.m. The market value represents a decrease of 4,234 JPY (-13.9%) compared to 1 year ago and a transition to a weak market. 11 properties exchanged hands ( The market value represents a decrease of 20 (-64.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 582.3 sq.m (a +35.6% increase compared to the 429.5 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)