Tohoku Shinkansen Aomori 2014-3Q
Land market report

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 Jul, 2014 to Sep, 2014 was 24,026 JPY/sq.m. The market value represents a decrease of 1,770 JPY (-6.9%) compared to 1 year ago and a transition to a bear market. 23 properties exchanged hands ( The market value represents a decrease of 35 (-60.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 313.5 sq.m (a -15.6% decrease compared to the 371.2 sq.m of last year.).

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

0 stations have experienced increased prices; 3 stations have experienced decreased prices. The market value decreased in all stations. Hachinohe station has seen a price decrease of over 20% compared to last year. The most dramatic price increase was at Shichinohe-Towada station, where prices have decreased -52.5% compared to last year; a sq.m unit now costs 6,000 JPY/sq.m.

The top 1 stations has seen prices increase -2.9% (-672 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -52.5% (-6,630 JPY/sq.m).


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 31,578 JPY/sq.m. The market value represents a decrease of 2,635 JPY (-7.7%) compared to 1 year ago and a transition to a bear market. 5 properties exchanged hands ( The market value represents a decrease of 14 (-73.7%) 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 6,000 JPY/sq.m. The market value represents a decrease of 6,630 JPY (-52.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 7 (-87.5%) 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
Hachinohe22,865 JPY (0.0Y/322.9sq.m)23,537 JPY (0.0Y/314.8sq.m)23,755 JPY (0.0Y/388.2sq.m)
Shichinohe-Towada6,000 JPY (0.0Y/300.0sq.m)12,630 JPY (0.0Y/853.8sq.m)6,454 JPY (0.0Y/1100.0sq.m)
Shin-Aomori31,578 JPY (0.0Y/284.0sq.m)34,213 JPY (0.0Y/260.0sq.m)37,850 JPY (0.0Y/326.0sq.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

Hachinohe22,865 JPY/sq.m (-3% compared with the previous year)

The average price of a sq.m Land of Hachinohe was 22,865 JPY/sq.m. The market value represents a decrease of 672 JPY (-2.9%) compared to 1 year ago and a transition to a slight market. 17 properties exchanged hands ( The market value represents a decrease of 14 (-45.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 322.9 sq.m (a +2.6% increase compared to the 314.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 50.9 min in 2013 and 39.9 min in 2014; -21.7%)

Shichinohe-Towada6,000 JPY/sq.m (-52% compared with the previous year)

The average price of a sq.m Land of Shichinohe-Towada was 6,000 JPY/sq.m. The market value represents a decrease of 6,630 JPY (-52.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 7 (-87.5%) 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 -64.9% decrease compared to the 853.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 21.5 min in 2013 and 30.0 min in 2014; +39.5%)

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)