Konan Railway Line railway market report
- Type: Land
- Line: Konan Railway Line
Hirosaki Kuroishi [9 stations] - Period: 2016 - FY
Jan, 2016 Sep, 2016
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 Sep, 2016 was 24,168 JPY/sq.m. The market value represents an increase of 406 JPY (+1.7%) compared to 1 year ago and a transition to a slight market. 125 properties exchanged hands ( The market value represents an increase of 24 (+23.8%) compared to 1 year ago and a transition to a dramatic market.).
The average size of the real estate was 475.7 sq.m (a +0.2% increase compared to the 475.0 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.
5 stations have experienced increased prices; 2 stations have experienced decreased prices. The overall trend was the same as last year. Hirosaki, Hirosakihigashikoumae, Unndoukouennmae station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Unndoukouennmae station, where prices have increased +40.7% compared to last year; a sq.m unit now costs 23,170 JPY/sq.m.
The top 2 stations has seen prices increase +33.7% (+6,289 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -12.6% (-3,552 JPY/sq.m).
Cause of price increases
- A dramatic decrease in average distance from the station (representing 40.0 min in 2015 and 26.7 min in 2016; -33.3%)
- A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 4.0% of total transactions in 2015 and 4.8% of total transactions in 2016)
Breakdown of each segment
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
Land stations market overview
The average price of a sq.m Land of Hirosaki, the highest market value along this railway was 30,887 JPY/sq.m. The market value represents an increase of 5,594 JPY (+22.1%) compared to 1 year ago and a transition to a dramatic market. 76 properties exchanged hands ( The market value represents a decrease of 4 (-5.0%) compared to 1 year ago and a transition to a bear market.).
The average price of a sq.m Land of Kuroishi, the lowest market value along this railway was 8,715 JPY/sq.m. The market value represents a decrease of 35 JPY (-0.4%) compared to 1 year ago and a transition to a slight market. 14 properties exchanged hands ( The market value represents an increase of 8 (+133.3%) compared to 1 year ago and a transition to a dramatic market.).
| Konan Railway Line | This year（2016） | 1 year ago | 2 years ago |
|---|---|---|---|
| Hirosaki | 30,887 JPY (0.0Y/440.9sq.m) | 25,293 JPY (0.0Y/407.0sq.m) | 30,104 JPY (0.0Y/619.8sq.m) |
| Hirosakihigashikoumae | 27,917 JPY (0.0Y/360.0sq.m) | 22,045 JPY (0.0Y/542.0sq.m) | 33,582 JPY (0.0Y/735.0sq.m) |
| Unndoukouennmae | 23,170 JPY (0.0Y/1410.0sq.m) | 16,464 JPY (0.0Y/522.5sq.m) | - |
| Nisato | 21,532 JPY (0.0Y/446.7sq.m) | 28,601 JPY (0.0Y/653.3sq.m) | - |
| Tachita | 4,233 JPY (0.0Y/336.7sq.m) | - | - |
| Hiraka | 10,868 JPY (0.0Y/286.4sq.m) | 10,602 JPY (0.0Y/222.5sq.m) | 7,768 JPY (0.0Y/287.5sq.m) |
| Tsugaruonoe | 11,058 JPY (0.0Y/736.9sq.m) | 10,624 JPY (0.0Y/396.7sq.m) | 3,571 JPY (0.0Y/560.0sq.m) |
| Inakadate | 9,230 JPY (0.0Y/1032.5sq.m) | - | - |
| Kuroishi | 8,715 JPY (0.0Y/477.1sq.m) | 8,749 JPY (0.0Y/1343.3sq.m) | 12,885 JPY (0.0Y/686.4sq.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.
Noteworthy stations
Unndoukouennmae 23,170 JPY/sq.m (+41% compared with the previous year)
The average price of a sq.m Land of Unndoukouennmae was 23,170 JPY/sq.m. The market value represents an increase of 6,706 JPY (+40.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).
The average size of the real estate was 1410.0 sq.m (a +169.9% increase compared to the 522.5 sq.m of last year.).
Causes of price decreases
- A dramatic increase in average distance from the station (representing 12.0 min in 2015 and 25.5 min in 2016; +112.5%)
Hirosakihigashikoumae 27,917 JPY/sq.m (+27% compared with the previous year)
The average price of a sq.m Land of Hirosakihigashikoumae was 27,917 JPY/sq.m. The market value represents an increase of 5,872 JPY (+26.6%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 1 (+20.0%) compared to 1 year ago and a transition to a dramatic market.).
The average size of the real estate was 360.0 sq.m (a -33.6% decrease compared to the 542.0 sq.m of last year.).
Cause of price increases
- A dramatic decrease in average distance from the station (representing 17.6 min in 2015 and 9.8 min in 2016; -44.1%)
- A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 20.0% of total transactions in 2015 and 33.3% of total transactions in 2016)
Nisato 21,532 JPY/sq.m (-25% compared with the previous year)
The average price of a sq.m Land of Nisato was 21,532 JPY/sq.m. The market value represents a decrease of 7,069 JPY (-24.7%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 3 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).
The average size of the real estate was 446.7 sq.m (a -31.6% decrease compared to the 653.3 sq.m of last year.).
Cause of price increases
- A dramatic decrease in average distance from the station (representing 24.3 min in 2015 and 14.5 min in 2016; -40.4%)
Kuroishi 8,715 JPY/sq.m (-0% compared with the previous year)
The average price of a sq.m Land of Kuroishi was 8,715 JPY/sq.m. The market value represents a decrease of 35 JPY (-0.4%) compared to 1 year ago and a transition to a slight market. 14 properties exchanged hands ( The market value represents an increase of 8 (+133.3%) compared to 1 year ago and a transition to a dramatic market.).
The average size of the real estate was 477.1 sq.m (a -64.5% decrease compared to the 1343.3 sq.m of last year.).
Cause of price increases
- A dramatic decrease in average distance from the station (representing 38.5 min in 2015 and 21.4 min in 2016; -44.3%)
Breakdown of each segment
Station: Segment: