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 Dec, 2014 was 23,665 JPY/sq.m. The market value represents a decrease of 1,511 JPY (-6.0%) compared to 1 year ago and a transition to a bear market. 23 properties exchanged hands ( The market value represents a decrease of 27 (-54.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 257.2 sq.m (a -27.1% decrease compared to the 352.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an decrease in transactions involving very large size more than 200 sq.m.

4 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was the same as last year. Hirokoushita station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Matsukitai station, where prices have increased +380.5% compared to last year; a sq.m unit now costs 3,200 JPY/sq.m.

The top 1 stations has seen prices increase +380.5% (+2,534 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -30.9% (-8,901 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 13.7 min in 2013 and 10.9 min in 2014; -20.9%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 10.0% of total transactions in 2013 and 13.0% of total transactions in 2014)

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 Hirokoushita, the highest market value along this railway was 32,631 JPY/sq.m. The market value represents an increase of 7,197 JPY (+28.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Matsukitai, the lowest market value along this railway was 3,200 JPY/sq.m. The market value represents an increase of 2,534 JPY (+380.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) 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-11,701 JPY (0.0Y/1060.0sq.m)-
Matsukitai3,200 JPY (0.0Y/50.0sq.m)666 JPY (0.0Y/450.0sq.m)-
Koguriyama---
Chitose28,916 JPY (0.0Y/207.8sq.m)26,536 JPY (0.0Y/415.0sq.m)29,251 JPY (0.0Y/246.5sq.m)
Seiai Chuko-Mae25,015 JPY (0.0Y/236.9sq.m)22,292 JPY (0.0Y/243.2sq.m)22,555 JPY (0.0Y/461.0sq.m)
Hirosaki Gakuin-Dai Mae19,948 JPY (0.0Y/280.0sq.m)28,849 JPY (0.0Y/215.0sq.m)31,028 JPY (0.0Y/215.0sq.m)
Hirokoushita32,631 JPY (0.0Y/190.0sq.m)25,434 JPY (0.0Y/245.0sq.m)20,772 JPY (0.0Y/435.0sq.m)
Chuuouhirosaki-40,160 JPY (0.0Y/356.7sq.m)68,571 JPY (0.0Y/255.0sq.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

Matsukitai3,200 JPY/sq.m (+380% compared with the previous year)

The average price of a sq.m Land of Matsukitai was 3,200 JPY/sq.m. The market value represents an increase of 2,534 JPY (+380.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 50.0 sq.m (a -88.9% decrease compared to the 450.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 10.0 min in 2013 and 3.0 min in 2014; -70.0%)

Hirosaki Gakuin-Dai Mae19,948 JPY/sq.m (-31% compared with the previous year)

The average price of a sq.m Land of Hirosaki Gakuin-Dai Mae was 19,948 JPY/sq.m. The market value represents a decrease of 8,901 JPY (-30.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 280.0 sq.m (a +30.2% increase compared to the 215.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 8.0 min in 2013 and 6.0 min in 2014; -25.0%)

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)