Tohoku Shinkansen Aomori 2015-3Q
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, 2015 to Sep, 2015 was 24,213 JPY/sq.m. The market value represents an increase of 187 JPY (+0.8%) compared to 1 year ago and a transition to a slight market. 32 properties exchanged hands ( The market value represents an increase of 9 (+39.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 502.8 sq.m (a +60.4% increase compared to the 313.5 sq.m of last year.).

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

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Shin-Aomori station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Shin-Aomori station, where prices have increased +11.8% compared to last year; a sq.m unit now costs 35,314 JPY/sq.m.

The top 1 stations has seen prices increase +11.8% (+3,737 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -20.8% (-4,758 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 34.5 min in 2014 and 30.7 min in 2015; -11.0%)

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 Shin-Aomori, the highest market value along this railway was 35,314 JPY/sq.m. The market value represents an increase of 3,737 JPY (+11.8%) compared to 1 year ago and a transition to a bull market. 11 properties exchanged hands ( The market value represents an increase of 6 (+120.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Hachinohe, the lowest market value along this railway was 18,107 JPY/sq.m. The market value represents a decrease of 4,758 JPY (-20.8%) compared to 1 year ago and a transition to a dramatic market. 21 properties exchanged hands ( The market value represents an increase of 4 (+23.5%) 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
Hachinohe18,107 JPY (0.0Y/615.2sq.m)22,865 JPY (0.0Y/322.9sq.m)23,537 JPY (0.0Y/314.8sq.m)
Shichinohe-Towada-6,000 JPY (0.0Y/300.0sq.m)12,630 JPY (0.0Y/853.8sq.m)
Shin-Aomori35,314 JPY (0.0Y/288.2sq.m)31,578 JPY (0.0Y/284.0sq.m)34,213 JPY (0.0Y/260.0sq.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

Shin-Aomori35,314 JPY/sq.m (+12% compared with the previous year)

The average price of a sq.m Land of Shin-Aomori was 35,314 JPY/sq.m. The market value represents an increase of 3,737 JPY (+11.8%) compared to 1 year ago and a transition to a bull market. 11 properties exchanged hands ( The market value represents an increase of 6 (+120.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 288.2 sq.m (a +1.5% increase compared to the 284.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 17.2 min in 2014 and 14.1 min in 2015; -18.1%)

Hachinohe18,107 JPY/sq.m (-21% compared with the previous year)

The average price of a sq.m Land of Hachinohe was 18,107 JPY/sq.m. The market value represents a decrease of 4,758 JPY (-20.8%) compared to 1 year ago and a transition to a dramatic market. 21 properties exchanged hands ( The market value represents an increase of 4 (+23.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 615.2 sq.m (a +90.5% increase compared to the 322.9 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)