Konan Railway Line Aomori 2015-3Q
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 Jul, 2015 to Sep, 2015 was 20,619 JPY/sq.m. The market value represents a decrease of 853 JPY (-4.0%) compared to 1 year ago and a transition to a some market. 32 properties exchanged hands ( The market value represents an increase of 4 (+14.3%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 344.5 sq.m (a +5.0% increase compared to the 328.2 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.

1 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased.

The top 1 stations has seen prices increase +135.8% (+6,105 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -32.7% (-4,166 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 27.5 min in 2014 and 54.4 min in 2015; +97.5%)

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 23,248 JPY/sq.m. The market value represents a decrease of 6,615 JPY (-22.2%) compared to 1 year ago and a transition to a dramatic market. 26 properties exchanged hands ( The market value represents an increase of 11 (+73.3%) 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 8,579 JPY/sq.m. The market value represents a decrease of 4,166 JPY (-32.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 6 (-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(2015)1 year ago2 years ago
Hirosaki23,248 JPY (0.0Y/322.3sq.m)29,863 JPY (0.0Y/328.3sq.m)36,893 JPY (0.0Y/378.0sq.m)
Hirosakihigashikoumae-33,333 JPY (0.0Y/330.0sq.m)39,804 JPY (0.0Y/215.0sq.m)
Unndoukouennmae---
Nisato---
Tachita--13,714 JPY (0.0Y/350.0sq.m)
Hiraka10,602 JPY (0.0Y/222.5sq.m)4,496 JPY (0.0Y/346.2sq.m)20,123 JPY (0.0Y/218.5sq.m)
Tsugaruonoe8,500 JPY (0.0Y/400.0sq.m)-10,284 JPY (0.0Y/285.0sq.m)
Inakadate---
Kuroishi8,579 JPY (0.0Y/700.0sq.m)12,746 JPY (0.0Y/318.8sq.m)10,554 JPY (0.0Y/522.5sq.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

Hiraka10,602 JPY/sq.m (+136% compared with the previous year)

The average price of a sq.m Land of Hiraka was 10,602 JPY/sq.m. The market value represents an increase of 6,105 JPY (+135.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 222.5 sq.m (a -35.7% decrease compared to the 346.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 28.0 min in 2014 and 22.0 min in 2015; -21.4%)

Kuroishi8,579 JPY/sq.m (-33% compared with the previous year)

The average price of a sq.m Land of Kuroishi was 8,579 JPY/sq.m. The market value represents a decrease of 4,166 JPY (-32.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 6 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 700.0 sq.m (a +119.6% increase compared to the 318.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 18.4 min in 2014 and 61.5 min in 2015; +234.7%)

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)