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 Apr, 2014 to Jun, 2014 was 23,063 JPY/sq.m. The market value represents a decrease of 5,372 JPY (-18.9%) compared to 1 year ago and a transition to a weak market. 6 properties exchanged hands ( The market value represents a decrease of 4 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 228.3 sq.m (a -33.2% decrease compared to the 342.0 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.

0 stations have experienced increased prices; 2 stations have experienced decreased prices. The market value decreased in all stations. Chitose station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Seiai Chuko-Mae station, where prices have decreased -20.8% compared to last year; a sq.m unit now costs 18,654 JPY/sq.m.

The top 1 stations has seen prices increase -13.0% (-3,958 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -20.8% (-4,912 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 16.6 min in 2013 and 13.0 min in 2014; -21.7%)

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 26,563 JPY/sq.m. The market value represents a decrease of 3,958 JPY (-13.0%) compared to 1 year ago and a transition to a weak market. 3 properties exchanged hands ( The market value represents a decrease of 4 (-57.1%) 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 18,654 JPY/sq.m. The market value represents a decrease of 4,912 JPY (-20.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) 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---
Koguriyama---
Chitose26,563 JPY (0.0Y/190.0sq.m)30,522 JPY (0.0Y/377.1sq.m)29,212 JPY (0.0Y/269.2sq.m)
Seiai Chuko-Mae18,654 JPY (0.0Y/255.0sq.m)23,565 JPY (0.0Y/260.0sq.m)20,967 JPY (0.0Y/333.3sq.m)
Hirosaki Gakuin-Dai Mae21,379 JPY (0.0Y/290.0sq.m)-21,428 JPY (0.0Y/140.0sq.m)
Hirokoushita--23,684 JPY (0.0Y/190.0sq.m)
Chuuouhirosaki---

*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

Chitose26,563 JPY/sq.m (-13% compared with the previous year)

The average price of a sq.m Land of Chitose was 26,563 JPY/sq.m. The market value represents a decrease of 3,958 JPY (-13.0%) compared to 1 year ago and a transition to a weak market. 3 properties exchanged hands ( The market value represents a decrease of 4 (-57.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 190.0 sq.m (a -49.6% decrease compared to the 377.1 sq.m of last year.).

Seiai Chuko-Mae18,654 JPY/sq.m (-21% compared with the previous year)

The average price of a sq.m Land of Seiai Chuko-Mae was 18,654 JPY/sq.m. The market value represents a decrease of 4,912 JPY (-20.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 255.0 sq.m (a -1.9% decrease compared to the 260.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 19.7 min in 2013 and 11.5 min in 2014; -41.5%)

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)