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, 2016 to Jun, 2016 was 29,626 JPY/sq.m. The market value represents an increase of 9,774 JPY (+49.2%) compared to 1 year ago and a transition to a dramatic market. 37 properties exchanged hands ( The market value represents an increase of 3 (+8.8%) compared to 1 year ago and a transition to a strong market.).

The average size of the real estate was 448.9 sq.m (a -13.2% decrease compared to the 517.4 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.

3 stations have experienced increased prices; 0 stations have experienced decreased prices. The market value increased in all stations. Hachinohe, Shin-Aomori station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Shichinohe-Towada station, where prices have increased +208.6% compared to last year; a sq.m unit now costs 12,121 JPY/sq.m.

The top 1 stations has seen prices increase +208.6% (+8,193 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +48.6% (+9,430 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 33.3 min in 2015 and 22.4 min in 2016; -32.8%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 6.1% of total transactions in 2015 and 8.1% of total transactions in 2016)

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 37,878 JPY/sq.m. The market value represents an increase of 14,152 JPY (+59.6%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 2 (-28.6%) 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 12,121 JPY/sq.m. The market value represents an increase of 8,193 JPY (+208.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

Tohoku Shinkansen (Stations Land market overview)
Tohoku ShinkansenThis year(2016)1 year ago2 years ago
Hachinohe28,834 JPY (0.0Y/430.7sq.m)19,404 JPY (0.0Y/532.9sq.m)20,753 JPY (0.0Y/270.8sq.m)
Shichinohe-Towada12,121 JPY (0.0Y/1165.0sq.m)3,928 JPY (0.0Y/280.0sq.m)11,161 JPY (0.0Y/405.0sq.m)
Shin-Aomori37,878 JPY (0.0Y/272.0sq.m)23,726 JPY (0.0Y/493.6sq.m)33,484 JPY (0.0Y/412.5sq.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-Towada12,121 JPY/sq.m (+209% compared with the previous year)

The average price of a sq.m Land of Shichinohe-Towada was 12,121 JPY/sq.m. The market value represents an increase of 8,193 JPY (+208.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1165.0 sq.m (a +316.1% increase compared to the 280.0 sq.m of last year.).

Hachinohe28,834 JPY/sq.m (+49% compared with the previous year)

The average price of a sq.m Land of Hachinohe was 28,834 JPY/sq.m. The market value represents an increase of 9,430 JPY (+48.6%) compared to 1 year ago and a transition to a dramatic market. 30 properties exchanged hands ( The market value represents an increase of 4 (+15.4%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 430.7 sq.m (a -19.2% decrease compared to the 532.9 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 39.4 min in 2015 and 23.8 min in 2016; -39.5%)

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)