Konan Railway Line Aomori 2017-2Q
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, 2017 to Jun, 2017 was 40,530 JPY/sq.m. The market value represents an increase of 14,229 JPY (+54.1%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 56 (-93.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 413.8 sq.m (a -5.2% decrease compared to the 436.4 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; 0 stations have experienced decreased prices. Market value of most stations decreased. Hirosaki 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 +40.9% compared to last year; a sq.m unit now costs 44,980 JPY/sq.m.

The top 1 stations has seen prices increase +40.9% (+13,058 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +1.4% (+374 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 27.7 min in 2016 and 11.0 min in 2017; -60.3%)

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 44,980 JPY/sq.m. The market value represents an increase of 13,058 JPY (+40.9%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 36 (-92.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Hirosakihigashikoumae, the lowest market value along this railway was 27,179 JPY/sq.m. The market value represents an increase of 374 JPY (+1.4%) compared to 1 year ago and a transition to a slight market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

Konan Railway Line (Stations Land market overview)
Konan Railway LineThis year(2017)1 year ago2 years ago
Hirosaki44,980 JPY (0.0Y/486.7sq.m)31,922 JPY (0.0Y/351.0sq.m)29,858 JPY (0.0Y/502.6sq.m)
Hirosakihigashikoumae27,179 JPY (0.0Y/195.0sq.m)26,804 JPY (0.0Y/382.5sq.m)23,884 JPY (0.0Y/746.7sq.m)
Unndoukouennmae--11,111 JPY (0.0Y/990.0sq.m)
Nisato-22,123 JPY (0.0Y/380.0sq.m)42,234 JPY (0.0Y/230.0sq.m)
Tachita-3,224 JPY (0.0Y/345.0sq.m)-
Hiraka-17,083 JPY (0.0Y/240.0sq.m)-
Tsugaruonoe-15,607 JPY (0.0Y/905.0sq.m)-
Inakadate-9,230 JPY (0.0Y/65.0sq.m)-
Kuroishi-8,086 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

Hirosaki44,980 JPY/sq.m (+41% compared with the previous year)

The average price of a sq.m Land of Hirosaki was 44,980 JPY/sq.m. The market value represents an increase of 13,058 JPY (+40.9%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 36 (-92.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 486.7 sq.m (a +38.6% increase compared to the 351.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 33.0 min in 2016 and 10.7 min in 2017; -67.7%)

Hirosakihigashikoumae27,179 JPY/sq.m (+1% compared with the previous year)

The average price of a sq.m Land of Hirosakihigashikoumae was 27,179 JPY/sq.m. The market value represents an increase of 374 JPY (+1.4%) compared to 1 year ago and a transition to a slight market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 195.0 sq.m (a -49.0% decrease compared to the 382.5 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 10.2 min in 2016 and 12.0 min in 2017; +17.1%)

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)