Konan Railway Line Aomori 2017-3Q
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, 2017 to Sep, 2017 was 32,316 JPY/sq.m. The market value represents an increase of 5,513 JPY (+20.6%) compared to 1 year ago and a transition to a dramatic market. 22 properties exchanged hands ( The market value represents a decrease of 9 (-29.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 412.3 sq.m (a -16.9% decrease compared to the 496.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

1 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Hirosakihigashikoumae station has seen a price decrease of over 10% compared to last year. The most dramatic price increase was at Hirosaki station, where prices have decreased -10.7% compared to last year; a sq.m unit now costs 37,729 JPY/sq.m.

The top 1 stations has seen prices increase +3.2% (+350 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -10.7% (-4,501 JPY/sq.m).

Causes of price decreases

  • An increase in average distance from the station (representing 21.1 min in 2016 and 25.0 min in 2017; +18.5%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 6.5% of total transactions in 2016 and 4.5% of total transactions in 2017)

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

Top

Land stations market overview

The average price of a sq.m Land of Hirosaki, the highest market value along this railway was 37,729 JPY/sq.m. The market value represents a decrease of 4,501 JPY (-10.7%) compared to 1 year ago and a transition to a weak market. 16 properties exchanged hands ( The market value represents an increase of 1 (+6.7%) compared to 1 year ago and a transition to a strong market.).

The average price of a sq.m Land of Kuroishi, the lowest market value along this railway was 11,446 JPY/sq.m. The market value represents an increase of 350 JPY (+3.2%) compared to 1 year ago and a transition to a some market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) 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
Hirosaki37,729 JPY (0.0Y/358.4sq.m)42,230 JPY (0.0Y/546.0sq.m)23,248 JPY (0.0Y/322.3sq.m)
Hirosakihigashikoumae29,200 JPY (0.0Y/250.0sq.m)31,250 JPY (0.0Y/320.0sq.m)-
Unndoukouennmae---
Nisato-24,838 JPY (0.0Y/310.0sq.m)-
Tachita-6,250 JPY (0.0Y/320.0sq.m)-
Hiraka-10,216 JPY (0.0Y/305.0sq.m)10,602 JPY (0.0Y/222.5sq.m)
Tsugaruonoe-8,592 JPY (0.0Y/725.0sq.m)8,500 JPY (0.0Y/400.0sq.m)
Inakadate---
Kuroishi11,446 JPY (0.0Y/271.2sq.m)11,095 JPY (0.0Y/253.0sq.m)8,579 JPY (0.0Y/700.0sq.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.

Top

Noteworthy stations

Kuroishi11,446 JPY/sq.m (+3% compared with the previous year)

The average price of a sq.m Land of Kuroishi was 11,446 JPY/sq.m. The market value represents an increase of 350 JPY (+3.2%) compared to 1 year ago and a transition to a some market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 271.2 sq.m (a +7.2% increase compared to the 253.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 23.6 min in 2016 and 19.8 min in 2017; -16.3%)

Hirosaki37,729 JPY/sq.m (-11% compared with the previous year)

The average price of a sq.m Land of Hirosaki was 37,729 JPY/sq.m. The market value represents a decrease of 4,501 JPY (-10.7%) compared to 1 year ago and a transition to a weak market. 16 properties exchanged hands ( The market value represents an increase of 1 (+6.7%) compared to 1 year ago and a transition to a strong market.).

The average size of the real estate was 358.4 sq.m (a -34.4% decrease compared to the 546.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 24.4 min in 2016 and 27.9 min in 2017; +14.5%)

Breakdown of each segment

Station:   Segment:

Top

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)