Konan Railway Line Aomori 2016-2Q
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, 2016 to Jun, 2016 was 26,300 JPY/sq.m. The market value represents a decrease of 3,081 JPY (-10.5%) compared to 1 year ago and a transition to a weak market. 60 properties exchanged hands ( The market value represents an increase of 33 (+122.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 436.4 sq.m (a -17.3% decrease compared to the 527.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

2 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Hirosakihigashikoumae station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Hirosakihigashikoumae station, where prices have increased +12.2% compared to last year; a sq.m unit now costs 26,804 JPY/sq.m.

The top 1 stations has seen prices increase +12.2% (+2,920 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -47.6% (-20,112 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 31.7 min in 2015 and 27.7 min in 2016; -12.5%)

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 7.4% of total transactions in 2015 and 5.0% 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 Hirosaki, the highest market value along this railway was 31,922 JPY/sq.m. The market value represents an increase of 2,064 JPY (+6.9%) compared to 1 year ago and a transition to a strong market. 39 properties exchanged hands ( The market value represents an increase of 18 (+85.7%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Nisato, the lowest market value along this railway was 22,123 JPY/sq.m. The market value represents a decrease of 20,112 JPY (-47.6%) 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(2016)1 year ago2 years ago
Hirosaki31,922 JPY (0.0Y/351.0sq.m)29,858 JPY (0.0Y/502.6sq.m)32,818 JPY (0.0Y/915.2sq.m)
Hirosakihigashikoumae26,804 JPY (0.0Y/382.5sq.m)23,884 JPY (0.0Y/746.7sq.m)32,686 JPY (0.0Y/505.0sq.m)
Unndoukouennmae-11,111 JPY (0.0Y/990.0sq.m)-
Nisato22,123 JPY (0.0Y/380.0sq.m)42,234 JPY (0.0Y/230.0sq.m)-
Tachita3,224 JPY (0.0Y/345.0sq.m)--
Hiraka17,083 JPY (0.0Y/240.0sq.m)--
Tsugaruonoe15,607 JPY (0.0Y/905.0sq.m)--
Inakadate9,230 JPY (0.0Y/65.0sq.m)--
Kuroishi8,086 JPY (0.0Y/717.1sq.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

Hirosakihigashikoumae26,804 JPY/sq.m (+12% compared with the previous year)

The average price of a sq.m Land of Hirosakihigashikoumae was 26,804 JPY/sq.m. The market value represents an increase of 2,920 JPY (+12.2%) compared to 1 year ago and a transition to a bull market. 4 properties exchanged hands ( The market value represents an increase of 1 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 382.5 sq.m (a -48.8% decrease compared to the 746.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 17.7 min in 2015 and 10.2 min in 2016; -42.0%)

Nisato22,123 JPY/sq.m (-48% compared with the previous year)

The average price of a sq.m Land of Nisato was 22,123 JPY/sq.m. The market value represents a decrease of 20,112 JPY (-47.6%) 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 380.0 sq.m (a +65.2% increase compared to the 230.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2015 and 14.0 min in 2016; -53.3%)

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)