Aoimori Railway Line Aomori 2017-FY
Land market report

Aoimori Railway Line railway market report

Aoimori Railway Line Land market overview

The average price of a sq.m Land of Aoimori Railway Line (Sannnohe to Aomori), in Jan, 2017 to Dec, 2017 was 31,218 JPY/sq.m. The market value represents an increase of 4,611 JPY (+17.3%) compared to 1 year ago and a transition to a bull market. 139 properties exchanged hands ( The market value represents a decrease of 323 (-69.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 397.1 sq.m (a -5.4% decrease compared to the 419.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

8 stations have experienced increased prices; 6 stations have experienced decreased prices. Market value of most stations decreased. Kennyoshi, Nonai, Yadamae, Higashiaomori, Aomori station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kennyoshi station, where prices have increased +58.8% compared to last year; a sq.m unit now costs 15,454 JPY/sq.m.

The top 2 stations has seen prices increase +57.6% (+7,706 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -67.8% (-10,669 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 1.1% of total transactions in 2016 and 2.9% of total transactions in 2017)

Breakdown of each segment

The table below shows Land dealt in Aoimori 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 Aomori, the highest market value along this railway was 48,870 JPY/sq.m. The market value represents an increase of 9,225 JPY (+23.3%) compared to 1 year ago and a transition to a dramatic market. 29 properties exchanged hands ( The market value represents a decrease of 78 (-72.9%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Kominato, the lowest market value along this railway was 3,795 JPY/sq.m. The market value represents a decrease of 3,404 JPY (-47.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

Aoimori Railway Line (Stations Land market overview)
Aoimori Railway LineThis year(2017)1 year ago2 years ago
Sannnohe-9,250 JPY (0.0Y/700.3sq.m)5,610 JPY (0.0Y/506.0sq.m)
Suwanotaira-9,388 JPY (0.0Y/260.0sq.m)-
Kennyoshi15,454 JPY (0.0Y/220.0sq.m)9,735 JPY (0.0Y/273.0sq.m)10,462 JPY (0.0Y/585.0sq.m)
Tomabechi-8,813 JPY (0.0Y/370.0sq.m)10,689 JPY (0.0Y/296.7sq.m)
Kitatakaiwa-5,116 JPY (0.0Y/430.0sq.m)5,333 JPY (0.0Y/750.0sq.m)
Hachinohe24,253 JPY (0.0Y/430.6sq.m)24,012 JPY (0.0Y/512.7sq.m)18,630 JPY (0.0Y/518.1sq.m)
Mutsuichikawa5,000 JPY (0.0Y/300.0sq.m)15,678 JPY (0.0Y/762.5sq.m)14,366 JPY (0.0Y/1032.1sq.m)
Shimoda-9,163 JPY (0.0Y/515.0sq.m)15,496 JPY (0.0Y/701.0sq.m)
Mukaiyama7,212 JPY (0.0Y/723.0sq.m)14,505 JPY (0.0Y/327.3sq.m)7,567 JPY (0.0Y/670.9sq.m)
Misawa16,948 JPY (0.0Y/560.4sq.m)16,677 JPY (0.0Y/461.1sq.m)13,304 JPY (0.0Y/534.4sq.m)
Kogawara---
Kamikitachou7,692 JPY (0.0Y/260.0sq.m)-1,904 JPY (0.0Y/420.0sq.m)
Ottomo9,230 JPY (0.0Y/65.0sq.m)-8,803 JPY (0.0Y/366.7sq.m)
Noheji10,314 JPY (0.0Y/177.5sq.m)9,107 JPY (0.0Y/468.3sq.m)10,987 JPY (0.0Y/360.0sq.m)
Shimizugawa---
Kominato3,795 JPY (0.0Y/282.5sq.m)7,199 JPY (0.0Y/358.8sq.m)6,000 JPY (0.0Y/155.0sq.m)
Nishihiranai9,090 JPY (0.0Y/165.0sq.m)--
Asamushionnsenn5,128 JPY (0.0Y/195.0sq.m)15,789 JPY (0.0Y/95.0sq.m)16,160 JPY (0.0Y/216.2sq.m)
Nonai17,231 JPY (0.0Y/535.0sq.m)14,234 JPY (0.0Y/458.8sq.m)21,028 JPY (0.0Y/805.0sq.m)
Yadamae26,841 JPY (0.0Y/293.8sq.m)17,149 JPY (0.0Y/363.1sq.m)15,376 JPY (0.0Y/164.2sq.m)
Koyanagi37,836 JPY (0.0Y/146.0sq.m)39,780 JPY (0.0Y/277.0sq.m)35,429 JPY (0.0Y/287.1sq.m)
Higashiaomori42,018 JPY (0.0Y/453.2sq.m)31,433 JPY (0.0Y/435.9sq.m)36,221 JPY (0.0Y/319.1sq.m)
Tsutsui37,856 JPY (0.0Y/284.5sq.m)42,424 JPY (0.0Y/310.5sq.m)37,874 JPY (0.0Y/569.0sq.m)
Aomori48,870 JPY (0.0Y/408.1sq.m)39,646 JPY (0.0Y/299.7sq.m)42,533 JPY (0.0Y/380.0sq.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

Kennyoshi15,454 JPY/sq.m (+59% compared with the previous year)

The average price of a sq.m Land of Kennyoshi was 15,454 JPY/sq.m. The market value represents an increase of 5,719 JPY (+58.8%) 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 size of the real estate was 220.0 sq.m (a -19.4% decrease compared to the 273.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 34.2 min in 2016 and 2.0 min in 2017; -94.2%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 20.0% of total transactions in 2016 and 100.0% of total transactions in 2017)

Yadamae26,841 JPY/sq.m (+57% compared with the previous year)

The average price of a sq.m Land of Yadamae was 26,841 JPY/sq.m. The market value represents an increase of 9,692 JPY (+56.5%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 9 (-69.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 293.8 sq.m (a -19.1% decrease compared to the 363.1 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 16.4 min in 2016 and 8.2 min in 2017; -49.6%)

Mutsuichikawa5,000 JPY/sq.m (-68% compared with the previous year)

The average price of a sq.m Land of Mutsuichikawa was 5,000 JPY/sq.m. The market value represents a decrease of 10,678 JPY (-68.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 6 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 300.0 sq.m (a -60.7% decrease compared to the 762.5 sq.m of last year.).

Asamushionnsenn5,128 JPY/sq.m (-68% compared with the previous year)

The average price of a sq.m Land of Asamushionnsenn was 5,128 JPY/sq.m. The market value represents a decrease of 10,661 JPY (-67.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 195.0 sq.m (a +105.3% increase compared to the 95.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 3.0 min in 2016 and 30.0 min in 2017; +900.0%)

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)