Tohoku Shinkansen Aomori 2015-4Q
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, 2015 to Dec, 2015 was 21,199 JPY/sq.m. The market value represents an increase of 2,437 JPY (+13.0%) compared to 1 year ago and a transition to a bull market. 28 properties exchanged hands ( The market value represents an increase of 11 (+64.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 459.1 sq.m (a -8.0% decrease compared to the 498.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased.

The top 1 stations has seen prices increase +719.7% (+31,250 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -27.3% (-5,683 JPY/sq.m).

Causes of price decreases

  • An increase in average distance from the station (representing 30.0 min in 2014 and 33.7 min in 2015; +12.3%)

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 35,592 JPY/sq.m. The market value represents an increase of 31,250 JPY (+719.7%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 6 (+300.0%) 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 15,139 JPY/sq.m. The market value represents a decrease of 5,683 JPY (-27.3%) compared to 1 year ago and a transition to a dramatic market. 20 properties exchanged hands ( The market value represents an increase of 5 (+33.3%) 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
Hachinohe15,139 JPY (0.0Y/499.0sq.m)20,822 JPY (0.0Y/536.7sq.m)22,167 JPY (0.0Y/417.7sq.m)
Shichinohe-Towada--8,618 JPY (0.0Y/541.1sq.m)
Shin-Aomori35,592 JPY (0.0Y/359.4sq.m)4,342 JPY (0.0Y/215.0sq.m)37,851 JPY (0.0Y/440.8sq.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-Aomori35,592 JPY/sq.m (+720% compared with the previous year)

The average price of a sq.m Land of Shin-Aomori was 35,592 JPY/sq.m. The market value represents an increase of 31,250 JPY (+719.7%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 6 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 359.4 sq.m (a +67.2% increase compared to the 215.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2014 and 11.2 min in 2015; -62.5%)

Hachinohe15,139 JPY/sq.m (-27% compared with the previous year)

The average price of a sq.m Land of Hachinohe was 15,139 JPY/sq.m. The market value represents a decrease of 5,683 JPY (-27.3%) compared to 1 year ago and a transition to a dramatic market. 20 properties exchanged hands ( The market value represents an increase of 5 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 499.0 sq.m (a -7.0% decrease compared to the 536.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 30.0 min in 2014 and 42.6 min in 2015; +42.2%)

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)