Konan Railway Line Aomori 2017-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 Apr, 2017 to Sep, 2017 was 33,630 JPY/sq.m. The market value represents an increase of 9,463 JPY (+39.2%) compared to 1 year ago and a transition to a dramatic market. 26 properties exchanged hands ( The market value represents a decrease of 99 (-79.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 412.5 sq.m (a -13.3% decrease compared to the 475.7 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.

3 stations have experienced increased prices; 0 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 Kuroishi station, where prices have increased +31.3% compared to last year; a sq.m unit now costs 11,446 JPY/sq.m.

The top 1 stations has seen prices increase +31.3% (+2,731 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +1.0% (+273 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 26.7 min in 2016 and 22.9 min in 2017; -14.4%)

Causes of price decreases

  • An decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 4.8% of total transactions in 2016 and 3.8% 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

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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 38,874 JPY/sq.m. The market value represents an increase of 7,986 JPY (+25.9%) compared to 1 year ago and a transition to a dramatic market. 19 properties exchanged hands ( The market value represents a decrease of 57 (-75.0%) 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 11,446 JPY/sq.m. The market value represents an increase of 2,731 JPY (+31.3%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 10 (-71.4%) 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
Hirosaki38,874 JPY (0.0Y/378.7sq.m)30,887 JPY (0.0Y/440.9sq.m)25,293 JPY (0.0Y/407.0sq.m)
Hirosakihigashikoumae28,190 JPY (0.0Y/222.5sq.m)27,917 JPY (0.0Y/360.0sq.m)22,045 JPY (0.0Y/542.0sq.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)
Tsugaruonoe-11,058 JPY (0.0Y/736.9sq.m)10,624 JPY (0.0Y/396.7sq.m)
Inakadate-9,230 JPY (0.0Y/1032.5sq.m)-
Kuroishi11,446 JPY (0.0Y/271.2sq.m)8,715 JPY (0.0Y/477.1sq.m)8,749 JPY (0.0Y/1343.3sq.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

Kuroishi11,446 JPY/sq.m (+31% 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 2,731 JPY (+31.3%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 10 (-71.4%) 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 -43.2% decrease compared to the 477.1 sq.m of last year.).

Hirosakihigashikoumae28,190 JPY/sq.m (+1% compared with the previous year)

The average price of a sq.m Land of Hirosakihigashikoumae was 28,190 JPY/sq.m. The market value represents an increase of 273 JPY (+1.0%) compared to 1 year ago and a transition to a slight market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 222.5 sq.m (a -38.2% decrease compared to the 360.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 9.8 min in 2016 and 8.5 min in 2017; -13.6%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 33.3% of total transactions in 2016 and 50.0% of total transactions in 2017)

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)