Tohoku Shinkansen railway market report

Tohoku Shinkansen Land market overview

The average price of a sq.m Land of Tohoku Shinkansen (Hachinohe to Shin-Aomori), in Jan, 2014 to Mar, 2014 was 21,196 JPY/sq.m. The market value represents a decrease of 3,818 JPY (-15.3%) compared to 1 year ago and a transition to a weak market. 22 properties exchanged hands ( The market value represents a decrease of 24 (-52.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 329.8 sq.m (a -20.9% decrease compared to the 417.0 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.

0 stations have experienced increased prices; 3 stations have experienced decreased prices. The market value decreased in all stations. Hachinohe, Shichinohe-Towada station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Shin-Aomori station, where prices have decreased -29.6% compared to last year; a sq.m unit now costs 32,512 JPY/sq.m.

The top 1 stations has seen prices increase -11.0% (-1,598 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -29.6% (-13,647 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 33.1 min in 2013 and 27.8 min in 2014; -16.1%)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 10.9% of total transactions in 2013 and 4.5% of total transactions in 2014)

Breakdown of each segment

The table below shows Land dealt in Tohoku Shinkansen, 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 Shin-Aomori, the highest market value along this railway was 32,512 JPY/sq.m. The market value represents a decrease of 13,647 JPY (-29.6%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 3 (-42.9%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Shichinohe-Towada, the lowest market value along this railway was 12,903 JPY/sq.m. The market value represents a decrease of 1,598 JPY (-11.0%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands ( The market value represents a decrease of 5 (-83.3%) compared to 1 year ago and a transition to a dramatic market.).

Tohoku Shinkansen (Stations Land market overview)
Tohoku ShinkansenThis year(2014)1 year ago2 years ago
Hachinohe19,022 JPY (0.0Y/337.9sq.m)22,274 JPY (0.0Y/468.3sq.m)26,873 JPY (0.0Y/617.3sq.m)
Shichinohe-Towada12,903 JPY (0.0Y/310.0sq.m)14,501 JPY (0.0Y/381.7sq.m)-
Shin-Aomori32,512 JPY (0.0Y/300.0sq.m)46,159 JPY (0.0Y/205.0sq.m)44,268 JPY (0.0Y/700.6sq.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

Shichinohe-Towada12,903 JPY/sq.m (-11% compared with the previous year)

The average price of a sq.m Land of Shichinohe-Towada was 12,903 JPY/sq.m. The market value represents a decrease of 1,598 JPY (-11.0%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands ( The market value represents a decrease of 5 (-83.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 310.0 sq.m (a -18.8% decrease compared to the 381.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 3.0 min in 2013 and 30.0 min in 2014; +900.0%)

Shin-Aomori32,512 JPY/sq.m (-30% compared with the previous year)

The average price of a sq.m Land of Shin-Aomori was 32,512 JPY/sq.m. The market value represents a decrease of 13,647 JPY (-29.6%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 3 (-42.9%) 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 +46.3% increase compared to the 205.0 sq.m of last year.).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.3% of total transactions in 2013 and 25.0% of total transactions in 2014)

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)