Konan Railway Ōwani Line Aomori 2014-1Q
Land market report

Konan Railway Ōwani Line railway market report

Konan Railway Ōwani Line Land market overview

The average price of a sq.m Land of Konan Railway Ōwani Line (Sabaishi to Chuuouhirosaki), in Jan, 2014 to Mar, 2014 was 31,111 JPY/sq.m. The market value represents an increase of 8,170 JPY (+35.6%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 2 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 187.5 sq.m (a -44.5% decrease compared to the 338.1 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.

2 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Chitose, Seiai Chuko-Mae station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Seiai Chuko-Mae station, where prices have increased +48.3% compared to last year; a sq.m unit now costs 31,701 JPY/sq.m.

The top 1 stations has seen prices increase +48.3% (+10,325 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +24.5% (+7,964 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 14.4 min in 2013 and 8.8 min in 2014; -38.6%)

Breakdown of each segment

The table below shows Land dealt in Konan Railway Ōwani 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 Chitose, the highest market value along this railway was 40,416 JPY/sq.m. The market value represents an increase of 7,964 JPY (+24.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Seiai Chuko-Mae, the lowest market value along this railway was 31,701 JPY/sq.m. The market value represents an increase of 10,325 JPY (+48.3%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

Konan Railway Ōwani Line (Stations Land market overview)
Konan Railway Ōwani LineThis year(2014)1 year ago2 years ago
Sabaishi---
Ishikawa---
Matsukitai-666 JPY (0.0Y/450.0sq.m)-
Koguriyama---
Chitose40,416 JPY (0.0Y/240.0sq.m)32,452 JPY (0.0Y/316.7sq.m)32,060 JPY (0.0Y/270.0sq.m)
Seiai Chuko-Mae31,701 JPY (0.0Y/141.7sq.m)21,376 JPY (0.0Y/326.2sq.m)31,666 JPY (0.0Y/240.0sq.m)
Hirosaki Gakuin-Dai Mae18,518 JPY (0.0Y/270.0sq.m)-35,828 JPY (0.0Y/252.5sq.m)
Hirokoushita32,631 JPY (0.0Y/190.0sq.m)-17,938 JPY (0.0Y/520.0sq.m)
Chuuouhirosaki--30,000 JPY (0.0Y/230.0sq.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.

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Noteworthy stations

Seiai Chuko-Mae31,701 JPY/sq.m (+48% compared with the previous year)

The average price of a sq.m Land of Seiai Chuko-Mae was 31,701 JPY/sq.m. The market value represents an increase of 10,325 JPY (+48.3%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 141.7 sq.m (a -56.6% decrease compared to the 326.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 11.0 min in 2013 and 8.0 min in 2014; -27.3%)

Chitose40,416 JPY/sq.m (+25% compared with the previous year)

The average price of a sq.m Land of Chitose was 40,416 JPY/sq.m. The market value represents an increase of 7,964 JPY (+24.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 240.0 sq.m (a -24.2% decrease compared to the 316.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 20.3 min in 2013 and 15.0 min in 2014; -26.2%)

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)