Konan Railway Line Aomori 2015-4Q
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 Oct, 2015 to Dec, 2015 was 28,118 JPY/sq.m. The market value represents an increase of 1,989 JPY (+7.6%) compared to 1 year ago and a transition to a strong market. 20 properties exchanged hands ( The market value represents an increase of 9 (+81.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 402.5 sq.m (a -30.9% decrease compared to the 582.3 sq.m of last year.).

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

1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Hirosaki station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Hirosaki station, where prices have increased +14.6% compared to last year; a sq.m unit now costs 29,956 JPY/sq.m.

The top 1 stations has seen prices increase +14.6% (+3,827 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +14.6% (+3,827 JPY/sq.m).


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 29,956 JPY/sq.m. The market value represents an increase of 3,827 JPY (+14.6%) compared to 1 year ago and a transition to a bull market. 18 properties exchanged hands ( The market value represents an increase of 7 (+63.6%) 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 29,956 JPY/sq.m. The market value represents an increase of 3,827 JPY (+14.6%) compared to 1 year ago and a transition to a bull market. 18 properties exchanged hands ( The market value represents an increase of 7 (+63.6%) 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
Hirosaki29,956 JPY (0.0Y/360.8sq.m)26,129 JPY (0.0Y/582.3sq.m)30,363 JPY (0.0Y/429.5sq.m)
Hirosakihigashikoumae--29,166 JPY (0.0Y/213.3sq.m)
Unndoukouennmae21,818 JPY (0.0Y/55.0sq.m)--
Nisato1,333 JPY (0.0Y/1500.0sq.m)--
Tachita--19,030 JPY (0.0Y/250.0sq.m)
Hiraka--14,174 JPY (0.0Y/312.5sq.m)
Tsugaruonoe--5,662 JPY (0.0Y/770.0sq.m)
Inakadate--1,538 JPY (0.0Y/1300.0sq.m)
Kuroishi--12,618 JPY (0.0Y/562.5sq.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

Hirosaki29,956 JPY/sq.m (+15% compared with the previous year)

The average price of a sq.m Land of Hirosaki was 29,956 JPY/sq.m. The market value represents an increase of 3,827 JPY (+14.6%) compared to 1 year ago and a transition to a bull market. 18 properties exchanged hands ( The market value represents an increase of 7 (+63.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 360.8 sq.m (a -38.0% decrease compared to the 582.3 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)