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 Dec, 2017 was 34,182 JPY/sq.m. The market value represents an increase of 7,844 JPY (+29.8%) compared to 1 year ago and a transition to a dramatic market. 33 properties exchanged hands ( The market value represents a decrease of 125 (-79.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 384.4 sq.m (a -20.2% decrease compared to the 481.7 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.

2 stations have experienced increased prices; 2 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 -38.4% (-14,518 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 27.6 min in 2016 and 19.7 min in 2017; -28.6%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.8% of total transactions in 2016 and 6.1% 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 39,542 JPY/sq.m. The market value represents an increase of 7,910 JPY (+25.0%) compared to 1 year ago and a transition to a dramatic market. 22 properties exchanged hands ( The market value represents a decrease of 80 (-78.4%) 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
Hirosaki39,542 JPY (0.0Y/365.2sq.m)31,632 JPY (0.0Y/433.6sq.m)25,293 JPY (0.0Y/407.0sq.m)
Hirosakihigashikoumae30,970 JPY (0.0Y/227.0sq.m)31,165 JPY (0.0Y/414.4sq.m)22,045 JPY (0.0Y/542.0sq.m)
Unndoukouennmae23,255 JPY (0.0Y/430.0sq.m)37,773 JPY (0.0Y/907.5sq.m)16,464 JPY (0.0Y/522.5sq.m)
Nisato-23,354 JPY (0.0Y/737.8sq.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.).

Unndoukouennmae23,255 JPY/sq.m (-38% compared with the previous year)

The average price of a sq.m Land of Unndoukouennmae was 23,255 JPY/sq.m. The market value represents a decrease of 14,518 JPY (-38.4%) compared to 1 year ago and a transition to a dramatic 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 430.0 sq.m (a -52.6% decrease compared to the 907.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 25.2 min in 2016 and 11.0 min in 2017; -56.4%)

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)