Konan Railway Line Aomori 2016-1Q
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, 2016 to Mar, 2016 was 18,168 JPY/sq.m. The market value represents an increase of 1,093 JPY (+6.4%) compared to 1 year ago and a transition to a strong market. 34 properties exchanged hands ( The market value represents an increase of 12 (+54.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 526.5 sq.m (a -20.9% decrease compared to the 665.9 sq.m of last year.).

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

2 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Hirosaki, Hirosakihigashikoumae station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Hirosakihigashikoumae station, where prices have increased +50.5% compared to last year; a sq.m unit now costs 29,032 JPY/sq.m.

The top 1 stations has seen prices increase +50.5% (+9,746 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -48.8% (-4,440 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 38.0 min in 2015 and 30.1 min in 2016; -20.9%)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 4.5% of total transactions in 2015 and 2.9% of total transactions in 2016)

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 Hirosakihigashikoumae, the highest market value along this railway was 29,032 JPY/sq.m. The market value represents an increase of 9,746 JPY (+50.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) 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 4,650 JPY/sq.m. The market value represents a decrease of 4,440 JPY (-48.8%) 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.).

Konan Railway Line (Stations Land market overview)
Konan Railway LineThis year(2016)1 year ago2 years ago
Hirosaki21,453 JPY (0.0Y/528.6sq.m)17,460 JPY (0.0Y/475.3sq.m)29,872 JPY (0.0Y/452.1sq.m)
Hirosakihigashikoumae29,032 JPY (0.0Y/310.0sq.m)19,286 JPY (0.0Y/235.0sq.m)35,625 JPY (0.0Y/1600.0sq.m)
Unndoukouennmae23,170 JPY (0.0Y/820.0sq.m)--
Nisato18,992 JPY (0.0Y/615.0sq.m)--
Tachita---
Hiraka7,916 JPY (0.0Y/240.0sq.m)-14,312 JPY (0.0Y/170.0sq.m)
Tsugaruonoe10,018 JPY (0.0Y/658.8sq.m)14,871 JPY (0.0Y/390.0sq.m)3,571 JPY (0.0Y/560.0sq.m)
Inakadate---
Kuroishi4,650 JPY (0.0Y/197.5sq.m)9,090 JPY (0.0Y/1665.0sq.m)14,000 JPY (0.0Y/1500.0sq.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.

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Noteworthy stations

Hirosakihigashikoumae29,032 JPY/sq.m (+51% compared with the previous year)

The average price of a sq.m Land of Hirosakihigashikoumae was 29,032 JPY/sq.m. The market value represents an increase of 9,746 JPY (+50.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 310.0 sq.m (a +31.9% increase compared to the 235.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 17.5 min in 2015 and 8.0 min in 2016; -54.3%)

Kuroishi4,650 JPY/sq.m (-49% compared with the previous year)

The average price of a sq.m Land of Kuroishi was 4,650 JPY/sq.m. The market value represents a decrease of 4,440 JPY (-48.8%) 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 197.5 sq.m (a -88.1% decrease compared to the 1665.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 27.0 min in 2015 and 20.0 min in 2016; -25.9%)

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)