Konan Railway Line Aomori 2015-2Q
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 Apr, 2015 to Jun, 2015 was 29,382 JPY/sq.m. The market value represents a decrease of 3,422 JPY (-10.4%) compared to 1 year ago and a transition to a weak market. 27 properties exchanged hands ( The market value represents an increase of 1 (+3.8%) compared to 1 year ago and a transition to a some market.).

The average size of the real estate was 527.6 sq.m (a -43.0% decrease compared to the 925.4 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; 2 stations have experienced decreased prices. The market value decreased in all stations. Hirosaki station has seen a price decrease of over 10% compared to last year. The most dramatic price increase was at Hirosakihigashikoumae station, where prices have decreased -26.9% compared to last year; a sq.m unit now costs 23,884 JPY/sq.m.

The top 1 stations has seen prices increase -9.0% (-2,959 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -26.9% (-8,802 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 36.2 min in 2014 and 31.7 min in 2015; -12.4%)

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 29,858 JPY/sq.m. The market value represents a decrease of 2,959 JPY (-9.0%) compared to 1 year ago and a transition to a bear market. 21 properties exchanged hands ( The market value represents a decrease of 2 (-8.7%) compared to 1 year ago and a transition to a bear market.).

The average price of a sq.m Land of Hirosakihigashikoumae, the lowest market value along this railway was 23,884 JPY/sq.m. The market value represents a decrease of 8,802 JPY (-26.9%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) 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
Hirosaki29,858 JPY (0.0Y/502.6sq.m)32,818 JPY (0.0Y/915.2sq.m)37,256 JPY (0.0Y/330.3sq.m)
Hirosakihigashikoumae23,884 JPY (0.0Y/746.7sq.m)32,686 JPY (0.0Y/505.0sq.m)28,982 JPY (0.0Y/117.5sq.m)
Unndoukouennmae11,111 JPY (0.0Y/990.0sq.m)--
Nisato42,234 JPY (0.0Y/230.0sq.m)-11,428 JPY (0.0Y/70.0sq.m)
Tachita---
Hiraka--22,005 JPY (0.0Y/221.7sq.m)
Tsugaruonoe---
Inakadate--16,666 JPY (0.0Y/90.0sq.m)
Kuroishi--10,013 JPY (0.0Y/479.1sq.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

Hirosaki29,858 JPY/sq.m (-9% compared with the previous year)

The average price of a sq.m Land of Hirosaki was 29,858 JPY/sq.m. The market value represents a decrease of 2,959 JPY (-9.0%) compared to 1 year ago and a transition to a bear market. 21 properties exchanged hands ( The market value represents a decrease of 2 (-8.7%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 502.6 sq.m (a -45.1% decrease compared to the 915.2 sq.m of last year.).

Hirosakihigashikoumae23,884 JPY/sq.m (-27% compared with the previous year)

The average price of a sq.m Land of Hirosakihigashikoumae was 23,884 JPY/sq.m. The market value represents a decrease of 8,802 JPY (-26.9%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 746.7 sq.m (a +47.9% increase compared to the 505.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 15.5 min in 2014 and 17.7 min in 2015; +14.0%)

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)