Konan Railway Line Aomori 2015-1Q
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, 2015 to Mar, 2015 was 17,075 JPY/sq.m. The market value represents a decrease of 7,567 JPY (-30.7%) compared to 1 year ago and a transition to a dramatic market. 22 properties exchanged hands ( The market value represents an increase of 2 (+10.0%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 665.9 sq.m (a +1.0% increase compared to the 659.2 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.

1 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased.

The top 1 stations has seen prices increase +316.4% (+11,300 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -45.9% (-16,340 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 28.7 min in 2014 and 38.0 min in 2015; +32.4%)
  • A some decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 5.0% of total transactions in 2014 and 4.5% of total transactions in 2015)

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

Top

Land stations market overview

The average price of a sq.m Land of Hirosakihigashikoumae, the highest market value along this railway was 19,286 JPY/sq.m. The market value represents a decrease of 16,340 JPY (-45.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Kuroishi, the lowest market value along this railway was 9,090 JPY/sq.m. The market value represents a decrease of 4,910 JPY (-35.1%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

Konan Railway Line (Stations Land market overview)
Konan Railway LineThis year(2015)1 year ago2 years ago
Hirosaki17,460 JPY (0.0Y/475.3sq.m)29,872 JPY (0.0Y/452.1sq.m)34,969 JPY (0.0Y/305.7sq.m)
Hirosakihigashikoumae19,286 JPY (0.0Y/235.0sq.m)35,625 JPY (0.0Y/1600.0sq.m)30,303 JPY (0.0Y/330.0sq.m)
Unndoukouennmae---
Nisato---
Tachita--19,166 JPY (0.0Y/240.0sq.m)
Hiraka-14,312 JPY (0.0Y/170.0sq.m)4,836 JPY (0.0Y/375.0sq.m)
Tsugaruonoe14,871 JPY (0.0Y/390.0sq.m)3,571 JPY (0.0Y/560.0sq.m)-
Inakadate---
Kuroishi9,090 JPY (0.0Y/1665.0sq.m)14,000 JPY (0.0Y/1500.0sq.m)13,817 JPY (0.0Y/463.3sq.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.

Top

Noteworthy stations

Tsugaruonoe14,871 JPY/sq.m (+316% compared with the previous year)

The average price of a sq.m Land of Tsugaruonoe was 14,871 JPY/sq.m. The market value represents an increase of 11,300 JPY (+316.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 390.0 sq.m (a -30.4% decrease compared to the 560.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 16.0 min in 2014 and 10.0 min in 2015; -37.5%)

Hirosakihigashikoumae19,286 JPY/sq.m (-46% compared with the previous year)

The average price of a sq.m Land of Hirosakihigashikoumae was 19,286 JPY/sq.m. The market value represents a decrease of 16,340 JPY (-45.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 235.0 sq.m (a -85.3% decrease compared to the 1600.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.0 min in 2014 and 17.5 min in 2015; +94.4%)

Breakdown of each segment

Station:   Segment:

Top

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)