Konan Railway Line Aomori 2016-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, 2016 to Dec, 2016 was 26,338 JPY/sq.m. The market value represents an increase of 2,576 JPY (+10.8%) compared to 1 year ago and a transition to a bull market. 158 properties exchanged hands ( The market value represents an increase of 57 (+56.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 481.7 sq.m (a +1.4% 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 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 +129.4% compared to last year; a sq.m unit now costs 37,773 JPY/sq.m.

The top 2 stations has seen prices increase +85.4% (+15,214 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -9.4% (-2,640 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 40.0 min in 2015 and 27.6 min in 2016; -31.1%)

Causes of price decreases

  • A some decrease 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 3.8% 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 Unndoukouennmae, the highest market value along this railway was 37,773 JPY/sq.m. The market value represents an increase of 21,309 JPY (+129.4%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) 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 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 (Stations Land market overview)
Konan Railway LineThis year(2016)1 year ago2 years ago
Hirosaki31,632 JPY (0.0Y/433.6sq.m)25,293 JPY (0.0Y/407.0sq.m)30,104 JPY (0.0Y/619.8sq.m)
Hirosakihigashikoumae31,165 JPY (0.0Y/414.4sq.m)22,045 JPY (0.0Y/542.0sq.m)33,582 JPY (0.0Y/735.0sq.m)
Unndoukouennmae37,773 JPY (0.0Y/907.5sq.m)16,464 JPY (0.0Y/522.5sq.m)-
Nisato23,354 JPY (0.0Y/737.8sq.m)28,601 JPY (0.0Y/653.3sq.m)-
Tachita4,233 JPY (0.0Y/336.7sq.m)--
Hiraka10,868 JPY (0.0Y/286.4sq.m)10,602 JPY (0.0Y/222.5sq.m)7,768 JPY (0.0Y/287.5sq.m)
Tsugaruonoe11,058 JPY (0.0Y/736.9sq.m)10,624 JPY (0.0Y/396.7sq.m)3,571 JPY (0.0Y/560.0sq.m)
Inakadate9,230 JPY (0.0Y/1032.5sq.m)--
Kuroishi8,715 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.

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Noteworthy stations

Unndoukouennmae37,773 JPY/sq.m (+129% compared with the previous year)

The average price of a sq.m Land of Unndoukouennmae was 37,773 JPY/sq.m. The market value represents an increase of 21,309 JPY (+129.4%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 907.5 sq.m (a +73.7% 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 25.2 min in 2016; +110.4%)

Hirosakihigashikoumae31,165 JPY/sq.m (+41% compared with the previous year)

The average price of a sq.m Land of Hirosakihigashikoumae was 31,165 JPY/sq.m. The market value represents an increase of 9,120 JPY (+41.4%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 3 (+60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 414.4 sq.m (a -23.5% 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 10.1 min in 2016; -42.5%)
  • 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 25.0% of total transactions in 2016)

Nisato23,354 JPY/sq.m (-18% compared with the previous year)

The average price of a sq.m Land of Nisato was 23,354 JPY/sq.m. The market value represents a decrease of 5,246 JPY (-18.3%) compared to 1 year ago and a transition to a weak market. 9 properties exchanged hands ( The market value represents an increase of 6 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 737.8 sq.m (a +12.9% increase 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 17.3 min in 2016; -28.8%)

Kuroishi8,715 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:

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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)