Konan Railway Line Aomori 2015-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, 2015 to Dec, 2015 was 23,762 JPY/sq.m. The market value represents a decrease of 1,963 JPY (-7.6%) compared to 1 year ago and a transition to a bear market. 101 properties exchanged hands ( The market value represents an increase of 16 (+18.8%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 475.0 sq.m (a -23.6% decrease compared to the 621.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

2 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Hiraka station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Tsugaruonoe station, where prices have increased +197.5% compared to last year; a sq.m unit now costs 10,624 JPY/sq.m.

The top 1 stations has seen prices increase +197.5% (+7,053 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -34.4% (-11,538 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.2% of total transactions in 2014 and 4.0% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 31.2 min in 2014 and 40.0 min in 2015; +28.1%)

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 Hirosaki, the highest market value along this railway was 25,293 JPY/sq.m. The market value represents a decrease of 4,810 JPY (-16.0%) compared to 1 year ago and a transition to a weak market. 80 properties exchanged hands ( The market value represents an increase of 19 (+31.1%) 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 8,749 JPY/sq.m. The market value represents a decrease of 4,136 JPY (-32.1%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 5 (-45.5%) 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
Hirosaki25,293 JPY (0.0Y/407.0sq.m)30,104 JPY (0.0Y/619.8sq.m)35,019 JPY (0.0Y/364.5sq.m)
Hirosakihigashikoumae22,045 JPY (0.0Y/542.0sq.m)33,582 JPY (0.0Y/735.0sq.m)31,922 JPY (0.0Y/204.4sq.m)
Unndoukouennmae16,464 JPY (0.0Y/522.5sq.m)--
Nisato28,601 JPY (0.0Y/653.3sq.m)-11,428 JPY (0.0Y/70.0sq.m)
Tachita--17,994 JPY (0.0Y/268.0sq.m)
Hiraka10,602 JPY (0.0Y/222.5sq.m)7,768 JPY (0.0Y/287.5sq.m)16,347 JPY (0.0Y/266.7sq.m)
Tsugaruonoe10,624 JPY (0.0Y/396.7sq.m)3,571 JPY (0.0Y/560.0sq.m)7,972 JPY (0.0Y/527.5sq.m)
Inakadate--9,102 JPY (0.0Y/695.0sq.m)
Kuroishi8,749 JPY (0.0Y/1343.3sq.m)12,885 JPY (0.0Y/686.4sq.m)11,431 JPY (0.0Y/507.0sq.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

Tsugaruonoe10,624 JPY/sq.m (+197% compared with the previous year)

The average price of a sq.m Land of Tsugaruonoe was 10,624 JPY/sq.m. The market value represents an increase of 7,053 JPY (+197.5%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 396.7 sq.m (a -29.2% decrease compared to the 560.0 sq.m of last year.).

Hirosakihigashikoumae22,045 JPY/sq.m (-34% compared with the previous year)

The average price of a sq.m Land of Hirosakihigashikoumae was 22,045 JPY/sq.m. The market value represents a decrease of 11,538 JPY (-34.4%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 542.0 sq.m (a -26.3% decrease compared to the 735.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 12.8 min in 2014 and 17.6 min in 2015; +38.0%)

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)