JR Akō Line railway market report

JR Akō Line Land market overview

The average price of a sq.m Land of JR Akō Line (Aioi to Bizennfukukawa), in Oct, 2017 to Dec, 2017 was 33,225 JPY/sq.m. The market value represents a decrease of 7,622 JPY (-18.7%) compared to 1 year ago and a transition to a weak market. 10 properties exchanged hands ( The market value represents a decrease of 4 (-28.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 319.5 sq.m (a -2.8% decrease compared to the 328.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large size more than 200 sq.m.

1 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Aioi station has seen a price increase of over 5% compared to last year. The most dramatic price increase was at Aioi station, where prices have increased +7.5% compared to last year; a sq.m unit now costs 55,740 JPY/sq.m.

The top 1 stations has seen prices increase +7.5% (+3,911 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -53.4% (-4,292 JPY/sq.m).


Breakdown of each segment

The table below shows Land dealt in JR Akō Line, 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

Top

Land stations market overview

The average price of a sq.m Land of Aioi, the highest market value along this railway was 55,740 JPY/sq.m. The market value represents an increase of 3,911 JPY (+7.5%) compared to 1 year ago and a transition to a strong market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Sakoshi, the lowest market value along this railway was 3,750 JPY/sq.m. The market value represents a decrease of 4,292 JPY (-53.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Akō Line (Stations Land market overview)
JR Akō LineThis year(2017)1 year ago2 years ago
Aioi55,740 JPY (0.0Y/205.0sq.m)51,829 JPY (0.0Y/253.0sq.m)46,730 JPY (0.0Y/452.2sq.m)
Nishiaioi---
Sakoshi3,750 JPY (0.0Y/240.0sq.m)8,042 JPY (0.0Y/182.5sq.m)-
Bannshuuakou30,923 JPY (0.0Y/408.0sq.m)42,630 JPY (0.0Y/424.3sq.m)44,299 JPY (0.0Y/487.9sq.m)
Tennwa---
Bizennfukukawa6,666 JPY (0.0Y/300.0sq.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.

Top

Noteworthy stations

Aioi55,740 JPY/sq.m (+8% compared with the previous year)

The average price of a sq.m Land of Aioi was 55,740 JPY/sq.m. The market value represents an increase of 3,911 JPY (+7.5%) compared to 1 year ago and a transition to a strong market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 205.0 sq.m (a -19.0% decrease compared to the 253.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 14.6 min in 2016 and 18.3 min in 2017; +25.6%)

Sakoshi3,750 JPY/sq.m (-53% compared with the previous year)

The average price of a sq.m Land of Sakoshi was 3,750 JPY/sq.m. The market value represents a decrease of 4,292 JPY (-53.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 240.0 sq.m (a +31.5% increase compared to the 182.5 sq.m of last year.).


Breakdown of each segment

Station:   Segment:

Top

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)