Tohoku Shinkansen Aomori 2017-2Q
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 Apr, 2017 to Jun, 2017 was 22,949 JPY/sq.m. The market value represents a decrease of 6,676 JPY (-22.5%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 33 (-89.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 347.5 sq.m (a -22.6% decrease compared to the 448.9 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; 1 stations have experienced decreased prices. Market value of most stations decreased.

The top 1 stations has seen prices increase +0.7% (+203 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -87.6% (-33,191 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 22.4 min in 2016 and 39.8 min in 2017; +77.8%)

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 Hachinohe, the highest market value along this railway was 29,037 JPY/sq.m. The market value represents an increase of 203 JPY (+0.7%) compared to 1 year ago and a transition to a slight market. 3 properties exchanged hands ( The market value represents a decrease of 27 (-90.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Shin-Aomori, the lowest market value along this railway was 4,687 JPY/sq.m. The market value represents a decrease of 33,191 JPY (-87.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

Tohoku Shinkansen (Stations Land market overview)
Tohoku ShinkansenThis year(2017)1 year ago2 years ago
Hachinohe29,037 JPY (0.0Y/250.0sq.m)28,834 JPY (0.0Y/430.7sq.m)19,404 JPY (0.0Y/532.9sq.m)
Shichinohe-Towada-12,121 JPY (0.0Y/1165.0sq.m)3,928 JPY (0.0Y/280.0sq.m)
Shin-Aomori4,687 JPY (0.0Y/640.0sq.m)37,878 JPY (0.0Y/272.0sq.m)23,726 JPY (0.0Y/493.6sq.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

Hachinohe29,037 JPY/sq.m (+1% compared with the previous year)

The average price of a sq.m Land of Hachinohe was 29,037 JPY/sq.m. The market value represents an increase of 203 JPY (+0.7%) compared to 1 year ago and a transition to a slight market. 3 properties exchanged hands ( The market value represents a decrease of 27 (-90.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 250.0 sq.m (a -42.0% decrease compared to the 430.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 23.8 min in 2016 and 43.0 min in 2017; +80.7%)

Shin-Aomori4,687 JPY/sq.m (-88% compared with the previous year)

The average price of a sq.m Land of Shin-Aomori was 4,687 JPY/sq.m. The market value represents a decrease of 33,191 JPY (-87.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 640.0 sq.m (a +135.3% increase compared to the 272.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.6 min in 2016 and 30.0 min in 2017; +183.0%)

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)