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, 2016 to Sep, 2016 was 26,971 JPY/sq.m. The market value represents an increase of 2,758 JPY (+11.4%) compared to 1 year ago and a transition to a bull market. 24 properties exchanged hands ( The market value represents a decrease of 8 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 453.1 sq.m (a -9.9% decrease compared to the 502.8 sq.m of last year.).

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

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Hachinohe station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Hachinohe station, where prices have increased +44.1% compared to last year; a sq.m unit now costs 26,098 JPY/sq.m.

The top 1 stations has seen prices increase +44.1% (+7,991 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -10.1% (-3,571 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 3.1% of total transactions in 2015 and 4.2% 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 31,743 JPY/sq.m. The market value represents a decrease of 3,571 JPY (-10.1%) compared to 1 year ago and a transition to a weak market. 8 properties exchanged hands ( The market value represents a decrease of 3 (-27.3%) 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 26,098 JPY/sq.m. The market value represents an increase of 7,991 JPY (+44.1%) compared to 1 year ago and a transition to a dramatic market. 14 properties exchanged hands ( The market value represents a decrease of 7 (-33.3%) 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
Hachinohe26,098 JPY (0.0Y/448.2sq.m)18,107 JPY (0.0Y/615.2sq.m)22,865 JPY (0.0Y/322.9sq.m)
Shichinohe-Towada13,554 JPY (0.0Y/395.0sq.m)-6,000 JPY (0.0Y/300.0sq.m)
Shin-Aomori31,743 JPY (0.0Y/476.2sq.m)35,314 JPY (0.0Y/288.2sq.m)31,578 JPY (0.0Y/284.0sq.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

Hachinohe26,098 JPY/sq.m (+44% compared with the previous year)

The average price of a sq.m Land of Hachinohe was 26,098 JPY/sq.m. The market value represents an increase of 7,991 JPY (+44.1%) compared to 1 year ago and a transition to a dramatic market. 14 properties exchanged hands ( The market value represents a decrease of 7 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 448.2 sq.m (a -27.1% decrease compared to the 615.2 sq.m of last year.).

Shin-Aomori31,743 JPY/sq.m (-10% compared with the previous year)

The average price of a sq.m Land of Shin-Aomori was 31,743 JPY/sq.m. The market value represents a decrease of 3,571 JPY (-10.1%) compared to 1 year ago and a transition to a weak market. 8 properties exchanged hands ( The market value represents a decrease of 3 (-27.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 476.2 sq.m (a +65.3% increase compared to the 288.2 sq.m of last year.).

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 9.1% of total transactions in 2015 and 12.5% of total transactions in 2016)

Causes of price decreases

  • An increase in average distance from the station (representing 14.1 min in 2015 and 16.1 min in 2016; +14.4%)

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)