Konan Railway Line Aomori 2016-3Q
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, 2016 to Sep, 2016 was 26,803 JPY/sq.m. The market value represents an increase of 6,184 JPY (+30.0%) compared to 1 year ago and a transition to a dramatic market. 31 properties exchanged hands ( The market value represents a decrease of 1 (-3.1%) compared to 1 year ago and a transition to a some market.).

The average size of the real estate was 496.1 sq.m (a +44.0% increase compared to the 344.5 sq.m of last year.).

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

3 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Hirosaki, Kuroishi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Hirosaki station, where prices have increased +81.6% compared to last year; a sq.m unit now costs 42,230 JPY/sq.m.

The top 1 stations has seen prices increase +81.6% (+18,982 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -3.6% (-386 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 54.4 min in 2015 and 21.1 min in 2016; -61.1%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.1% of total transactions in 2015 and 6.5% 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 42,230 JPY/sq.m. The market value represents an increase of 18,982 JPY (+81.6%) compared to 1 year ago and a transition to a dramatic market. 15 properties exchanged hands ( The market value represents a decrease of 11 (-42.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Tsugaruonoe, the lowest market value along this railway was 8,592 JPY/sq.m. The market value represents an increase of 92 JPY (+1.1%) compared to 1 year ago and a transition to a slight market. 2 properties exchanged hands (It was the same as last year.).

Konan Railway Line (Stations Land market overview)
Konan Railway LineThis year(2016)1 year ago2 years ago
Hirosaki42,230 JPY (0.0Y/546.0sq.m)23,248 JPY (0.0Y/322.3sq.m)29,863 JPY (0.0Y/328.3sq.m)
Hirosakihigashikoumae31,250 JPY (0.0Y/320.0sq.m)-33,333 JPY (0.0Y/330.0sq.m)
Unndoukouennmae---
Nisato24,838 JPY (0.0Y/310.0sq.m)--
Tachita6,250 JPY (0.0Y/320.0sq.m)--
Hiraka10,216 JPY (0.0Y/305.0sq.m)10,602 JPY (0.0Y/222.5sq.m)4,496 JPY (0.0Y/346.2sq.m)
Tsugaruonoe8,592 JPY (0.0Y/725.0sq.m)8,500 JPY (0.0Y/400.0sq.m)-
Inakadate---
Kuroishi11,095 JPY (0.0Y/253.0sq.m)8,579 JPY (0.0Y/700.0sq.m)12,746 JPY (0.0Y/318.8sq.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

Hirosaki42,230 JPY/sq.m (+82% compared with the previous year)

The average price of a sq.m Land of Hirosaki was 42,230 JPY/sq.m. The market value represents an increase of 18,982 JPY (+81.6%) compared to 1 year ago and a transition to a dramatic market. 15 properties exchanged hands ( The market value represents a decrease of 11 (-42.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 546.0 sq.m (a +69.4% increase compared to the 322.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 59.1 min in 2015 and 24.4 min in 2016; -58.7%)

Hiraka10,216 JPY/sq.m (-4% compared with the previous year)

The average price of a sq.m Land of Hiraka was 10,216 JPY/sq.m. The market value represents a decrease of 386 JPY (-3.6%) compared to 1 year ago and a transition to a some market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 305.0 sq.m (a +37.1% increase compared to the 222.5 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 22.0 min in 2015 and 25.2 min in 2016; +14.5%)

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)