Tohoku Shinkansen Aomori 2016-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, 2016 to Sep, 2016 was 25,691 JPY/sq.m. The market value represents an increase of 3,577 JPY (+16.2%) compared to 1 year ago and a transition to a bull market. 89 properties exchanged hands ( The market value represents a decrease of 24 (-21.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 485.3 sq.m (a -0.4% decrease compared to the 487.2 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.

2 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was toward increased prices. Hachinohe 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 +245.2% compared to last year; a sq.m unit now costs 13,558 JPY/sq.m.

The top 1 stations has seen prices increase +245.2% (+9,630 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -0.8% (-275 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 3.6% of total transactions in 2015 and 5.6% 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 32,318 JPY/sq.m. The market value represents a decrease of 275 JPY (-0.8%) compared to 1 year ago and a transition to a slight market. 18 properties exchanged hands ( The market value represents a decrease of 10 (-35.7%) 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 13,558 JPY/sq.m. The market value represents an increase of 9,630 JPY (+245.2%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) 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
Hachinohe24,549 JPY (0.0Y/503.3sq.m)18,630 JPY (0.0Y/518.1sq.m)20,875 JPY (0.0Y/367.8sq.m)
Shichinohe-Towada13,558 JPY (0.0Y/692.0sq.m)3,928 JPY (0.0Y/1140.0sq.m)10,477 JPY (0.0Y/365.0sq.m)
Shin-Aomori32,318 JPY (0.0Y/362.2sq.m)32,593 JPY (0.0Y/348.9sq.m)27,968 JPY (0.0Y/298.1sq.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-Towada13,558 JPY/sq.m (+245% compared with the previous year)

The average price of a sq.m Land of Shichinohe-Towada was 13,558 JPY/sq.m. The market value represents an increase of 9,630 JPY (+245.2%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 692.0 sq.m (a -39.3% decrease compared to the 1140.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 16.0 min in 2015 and 21.8 min in 2016; +36.3%)

Shin-Aomori32,318 JPY/sq.m (-1% compared with the previous year)

The average price of a sq.m Land of Shin-Aomori was 32,318 JPY/sq.m. The market value represents a decrease of 275 JPY (-0.8%) compared to 1 year ago and a transition to a slight market. 18 properties exchanged hands ( The market value represents a decrease of 10 (-35.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 362.2 sq.m (a +3.8% increase compared to the 348.9 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 10.7% of total transactions in 2015 and 16.7% of total transactions in 2016)

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)