Tohoku Shinkansen Aomori 2014-4Q
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 Oct, 2014 to Dec, 2014 was 18,762 JPY/sq.m. The market value represents a decrease of 2,786 JPY (-12.9%) compared to 1 year ago and a transition to a weak market. 17 properties exchanged hands ( The market value represents a decrease of 29 (-63.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 498.8 sq.m (a +12.1% increase compared to the 444.9 sq.m of last year.).

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

0 stations have experienced increased prices; 2 stations have experienced decreased prices. The market value decreased in all stations. Hachinohe station has seen a price decrease of over 10% compared to last year. The most dramatic price increase was at Shin-Aomori station, where prices have decreased -88.5% compared to last year; a sq.m unit now costs 4,342 JPY/sq.m.

The top 1 stations has seen prices increase -6.1% (-1,345 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -88.5% (-33,509 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 36.1 min in 2013 and 30.0 min in 2014; -17.0%)

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 Hachinohe, the highest market value along this railway was 20,822 JPY/sq.m. The market value represents a decrease of 1,345 JPY (-6.1%) compared to 1 year ago and a transition to a bear market. 15 properties exchanged hands ( The market value represents a decrease of 16 (-51.6%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Shin-Aomori, the lowest market value along this railway was 4,342 JPY/sq.m. The market value represents a decrease of 33,509 JPY (-88.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) 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
Hachinohe20,822 JPY (0.0Y/536.7sq.m)22,167 JPY (0.0Y/417.7sq.m)27,380 JPY (0.0Y/474.1sq.m)
Shichinohe-Towada-8,618 JPY (0.0Y/541.1sq.m)10,734 JPY (0.0Y/298.0sq.m)
Shin-Aomori4,342 JPY (0.0Y/215.0sq.m)37,851 JPY (0.0Y/440.8sq.m)37,906 JPY (0.0Y/427.3sq.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

Hachinohe20,822 JPY/sq.m (-6% compared with the previous year)

The average price of a sq.m Land of Hachinohe was 20,822 JPY/sq.m. The market value represents a decrease of 1,345 JPY (-6.1%) compared to 1 year ago and a transition to a bear market. 15 properties exchanged hands ( The market value represents a decrease of 16 (-51.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 536.7 sq.m (a +28.5% increase compared to the 417.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 44.7 min in 2013 and 30.0 min in 2014; -32.9%)

Shin-Aomori4,342 JPY/sq.m (-89% compared with the previous year)

The average price of a sq.m Land of Shin-Aomori was 4,342 JPY/sq.m. The market value represents a decrease of 33,509 JPY (-88.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 215.0 sq.m (a -51.2% decrease compared to the 440.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.3 min in 2013 and 30.0 min in 2014; +125.0%)

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)