Tohoku Shinkansen Aomori 2014-FY
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 Jan, 2014 to Dec, 2014 was 21,384 JPY/sq.m. The market value represents a decrease of 2,374 JPY (-10.0%) compared to 1 year ago and a transition to a bear market. 80 properties exchanged hands ( The market value represents a decrease of 127 (-61.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 356.3 sq.m (a -7.5% decrease compared to the 385.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a some 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 10% compared to last year. The most dramatic price increase was at Shin-Aomori station, where prices have decreased -22.9% compared to last year; a sq.m unit now costs 27,968 JPY/sq.m.

The top 1 stations has seen prices increase -5.9% (-658 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -22.9% (-8,311 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 38.9 min in 2013 and 30.1 min in 2014; -22.6%)

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 6.3% of total transactions in 2013 and 2.5% 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 27,968 JPY/sq.m. The market value represents a decrease of 8,311 JPY (-22.9%) compared to 1 year ago and a transition to a dramatic market. 13 properties exchanged hands ( The market value represents a decrease of 25 (-65.8%) 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 10,477 JPY/sq.m. The market value represents a decrease of 658 JPY (-5.9%) compared to 1 year ago and a transition to a bear market. 5 properties exchanged hands ( The market value represents a decrease of 22 (-81.5%) 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
Hachinohe20,875 JPY (0.0Y/367.8sq.m)22,689 JPY (0.0Y/366.6sq.m)25,122 JPY (0.0Y/416.4sq.m)
Shichinohe-Towada10,477 JPY (0.0Y/365.0sq.m)11,135 JPY (0.0Y/649.6sq.m)10,519 JPY (0.0Y/451.4sq.m)
Shin-Aomori27,968 JPY (0.0Y/298.1sq.m)36,280 JPY (0.0Y/268.0sq.m)41,256 JPY (0.0Y/422.9sq.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-Towada10,477 JPY/sq.m (-6% compared with the previous year)

The average price of a sq.m Land of Shichinohe-Towada was 10,477 JPY/sq.m. The market value represents a decrease of 658 JPY (-5.9%) compared to 1 year ago and a transition to a bear market. 5 properties exchanged hands ( The market value represents a decrease of 22 (-81.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 365.0 sq.m (a -43.8% decrease compared to the 649.6 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 16.9 min in 2013 and 28.8 min in 2014; +70.9%)

Shin-Aomori27,968 JPY/sq.m (-23% compared with the previous year)

The average price of a sq.m Land of Shin-Aomori was 27,968 JPY/sq.m. The market value represents a decrease of 8,311 JPY (-22.9%) compared to 1 year ago and a transition to a dramatic market. 13 properties exchanged hands ( The market value represents a decrease of 25 (-65.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 298.1 sq.m (a +11.2% increase compared to the 268.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 14.2 min in 2013 and 16.0 min in 2014; +12.8%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 13.2% of total transactions in 2013 and 7.7% 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)