Tohoku Shinkansen Aomori 2015-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, 2015 to Dec, 2015 was 22,114 JPY/sq.m. The market value represents an increase of 730 JPY (+3.4%) compared to 1 year ago and a transition to a some market. 113 properties exchanged hands ( The market value represents an increase of 33 (+41.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 487.2 sq.m (a +36.7% increase compared to the 356.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

1 stations have experienced increased prices; 2 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 +16.5% compared to last year; a sq.m unit now costs 32,593 JPY/sq.m.

The top 1 stations has seen prices increase +16.5% (+4,625 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -62.5% (-6,549 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.5% of total transactions in 2014 and 3.6% of total transactions in 2015)

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 32,593 JPY/sq.m. The market value represents an increase of 4,625 JPY (+16.5%) compared to 1 year ago and a transition to a bull market. 28 properties exchanged hands ( The market value represents an increase of 15 (+115.4%) 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 6,549 JPY (-62.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) 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
Hachinohe18,630 JPY (0.0Y/518.1sq.m)20,875 JPY (0.0Y/367.8sq.m)22,689 JPY (0.0Y/366.6sq.m)
Shichinohe-Towada3,928 JPY (0.0Y/1140.0sq.m)10,477 JPY (0.0Y/365.0sq.m)11,135 JPY (0.0Y/649.6sq.m)
Shin-Aomori32,593 JPY (0.0Y/348.9sq.m)27,968 JPY (0.0Y/298.1sq.m)36,280 JPY (0.0Y/268.0sq.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-Aomori32,593 JPY/sq.m (+17% compared with the previous year)

The average price of a sq.m Land of Shin-Aomori was 32,593 JPY/sq.m. The market value represents an increase of 4,625 JPY (+16.5%) compared to 1 year ago and a transition to a bull market. 28 properties exchanged hands ( The market value represents an increase of 15 (+115.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 348.9 sq.m (a +17.1% increase compared to the 298.1 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 16.0 min in 2014 and 12.4 min in 2015; -22.5%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 7.7% of total transactions in 2014 and 10.7% of total transactions in 2015)

Shichinohe-Towada3,928 JPY/sq.m (-63% 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 6,549 JPY (-62.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1140.0 sq.m (a +212.3% increase compared to the 365.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 28.8 min in 2014 and 16.0 min in 2015; -44.4%)

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)