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 Apr, 2015 to Jun, 2015 was 19,852 JPY/sq.m. The market value represents a decrease of 717 JPY (-3.5%) compared to 1 year ago and a transition to a some market. 34 properties exchanged hands ( The market value represents an increase of 16 (+88.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 517.4 sq.m (a +67.5% increase compared to the 308.9 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 10% compared to last year. The most dramatic price increase was at Shichinohe-Towada station, where prices have decreased -64.8% compared to last year; a sq.m unit now costs 3,928 JPY/sq.m.

The top 1 stations has seen prices increase -6.5% (-1,349 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -64.8% (-7,233 JPY/sq.m).

Cause of price increases

  • A some increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 5.6% of total transactions in 2014 and 6.1% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 27.4 min in 2014 and 33.3 min in 2015; +21.5%)

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 23,726 JPY/sq.m. The market value represents a decrease of 9,759 JPY (-29.1%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 5 (+250.0%) 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 3,928 JPY/sq.m. The market value represents a decrease of 7,233 JPY (-64.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

Tohoku Shinkansen (Stations Land market overview)
Tohoku ShinkansenThis year(2015)1 year ago2 years ago
Hachinohe19,404 JPY (0.0Y/532.9sq.m)20,753 JPY (0.0Y/270.8sq.m)22,754 JPY (0.0Y/295.5sq.m)
Shichinohe-Towada3,928 JPY (0.0Y/280.0sq.m)11,161 JPY (0.0Y/405.0sq.m)9,130 JPY (0.0Y/887.5sq.m)
Shin-Aomori23,726 JPY (0.0Y/493.6sq.m)33,484 JPY (0.0Y/412.5sq.m)29,728 JPY (0.0Y/194.2sq.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

Hachinohe19,404 JPY/sq.m (-6% compared with the previous year)

The average price of a sq.m Land of Hachinohe was 19,404 JPY/sq.m. The market value represents a decrease of 1,349 JPY (-6.5%) compared to 1 year ago and a transition to a bear market. 26 properties exchanged hands ( The market value represents an increase of 13 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 532.9 sq.m (a +96.8% increase compared to the 270.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 30.2 min in 2014 and 39.4 min in 2015; +30.5%)

Shichinohe-Towada3,928 JPY/sq.m (-65% compared with the previous year)

The average price of a sq.m Land of Shichinohe-Towada was 3,928 JPY/sq.m. The market value represents a decrease of 7,233 JPY (-64.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 280.0 sq.m (a -30.9% decrease compared to the 405.0 sq.m of last year.).


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)