Konan Railway Ōwani Line Aomori 2014-4Q
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 Oct, 2014 to Dec, 2014 was 26,882 JPY/sq.m. The market value represents an increase of 825 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 8 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 207.5 sq.m (a -26.2% decrease compared to the 281.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Chitose station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Chitose station, where prices have increased +18.3% compared to last year; a sq.m unit now costs 26,882 JPY/sq.m.

The top 1 stations has seen prices increase +18.3% (+4,163 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +18.3% (+4,163 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.6 min in 2013 and 14.8 min in 2014; +53.9%)

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 26,882 JPY/sq.m. The market value represents an increase of 4,163 JPY (+18.3%) compared to 1 year ago and a transition to a bull market. 4 properties exchanged hands ( The market value represents an increase of 1 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Chitose, the lowest market value along this railway was 26,882 JPY/sq.m. The market value represents an increase of 4,163 JPY (+18.3%) compared to 1 year ago and a transition to a bull market. 4 properties exchanged hands ( The market value represents an increase 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-15,625 JPY (0.0Y/320.0sq.m)-
Matsukitai---
Koguriyama---
Chitose26,882 JPY (0.0Y/207.5sq.m)22,719 JPY (0.0Y/516.7sq.m)24,995 JPY (0.0Y/232.1sq.m)
Seiai Chuko-Mae-21,406 JPY (0.0Y/163.8sq.m)23,485 JPY (0.0Y/652.5sq.m)
Hirosaki Gakuin-Dai Mae-30,150 JPY (0.0Y/170.0sq.m)-
Hirokoushita---
Chuuouhirosaki-41,490 JPY (0.0Y/255.0sq.m)107,142 JPY (0.0Y/280.0sq.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

Chitose26,882 JPY/sq.m (+18% compared with the previous year)

The average price of a sq.m Land of Chitose was 26,882 JPY/sq.m. The market value represents an increase of 4,163 JPY (+18.3%) compared to 1 year ago and a transition to a bull market. 4 properties exchanged hands ( The market value represents an increase of 1 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 207.5 sq.m (a -59.8% decrease compared to the 516.7 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 12.3 min in 2013 and 14.8 min in 2014; +19.6%)

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)