Konan Railway Line Aomori 2014-FY
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 Dec, 2014 was 25,725 JPY/sq.m. The market value represents a decrease of 1,982 JPY (-7.2%) compared to 1 year ago and a transition to a bear market. 85 properties exchanged hands ( The market value represents a decrease of 114 (-57.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 621.6 sq.m (a +66.2% increase compared to the 374.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

2 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 10% compared to last year. The most dramatic price increase was at Kuroishi station, where prices have increased +12.7% compared to last year; a sq.m unit now costs 12,885 JPY/sq.m.

The top 1 stations has seen prices increase +12.7% (+1,454 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -55.2% (-4,402 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 0.5% of total transactions in 2013 and 1.2% of total transactions in 2014)

Causes of price decreases

  • An increase in average distance from the station (representing 27.9 min in 2013 and 31.2 min in 2014; +12.1%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 4.5% of total transactions in 2013 and 1.2% of total transactions in 2014)

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 33,582 JPY/sq.m. The market value represents an increase of 1,661 JPY (+5.2%) compared to 1 year ago and a transition to a strong market. 4 properties exchanged hands ( The market value represents a decrease of 4 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Tsugaruonoe, the lowest market value along this railway was 3,571 JPY/sq.m. The market value represents a decrease of 4,402 JPY (-55.2%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) 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
Hirosaki30,104 JPY (0.0Y/619.8sq.m)35,019 JPY (0.0Y/364.5sq.m)33,261 JPY (0.0Y/294.5sq.m)
Hirosakihigashikoumae33,582 JPY (0.0Y/735.0sq.m)31,922 JPY (0.0Y/204.4sq.m)25,937 JPY (0.0Y/227.5sq.m)
Unndoukouennmae---
Nisato-11,428 JPY (0.0Y/70.0sq.m)-
Tachita-17,994 JPY (0.0Y/268.0sq.m)10,174 JPY (0.0Y/580.0sq.m)
Hiraka7,768 JPY (0.0Y/287.5sq.m)16,347 JPY (0.0Y/266.7sq.m)17,335 JPY (0.0Y/448.2sq.m)
Tsugaruonoe3,571 JPY (0.0Y/560.0sq.m)7,972 JPY (0.0Y/527.5sq.m)3,205 JPY (0.0Y/520.0sq.m)
Inakadate-9,102 JPY (0.0Y/695.0sq.m)14,476 JPY (0.0Y/447.8sq.m)
Kuroishi12,885 JPY (0.0Y/686.4sq.m)11,431 JPY (0.0Y/507.0sq.m)10,890 JPY (0.0Y/399.8sq.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

Kuroishi12,885 JPY/sq.m (+13% compared with the previous year)

The average price of a sq.m Land of Kuroishi was 12,885 JPY/sq.m. The market value represents an increase of 1,454 JPY (+12.7%) compared to 1 year ago and a transition to a bull market. 11 properties exchanged hands ( The market value represents a decrease of 22 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 686.4 sq.m (a +35.4% increase compared to the 507.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 32.5 min in 2013 and 21.0 min in 2014; -35.5%)

Tsugaruonoe3,571 JPY/sq.m (-55% compared with the previous year)

The average price of a sq.m Land of Tsugaruonoe was 3,571 JPY/sq.m. The market value represents a decrease of 4,402 JPY (-55.2%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 560.0 sq.m (a +6.2% increase compared to the 527.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 12.8 min in 2013 and 16.0 min in 2014; +25.5%)

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)