Akita Shinkansen Land market overview

The average price of a sq.m Land of Akita Shinkansen (Morioka to Shizukuishi), in Jul, 2014 to Sep, 2014 was 48,286 JPY/sq.m. The market value represents a decrease of 3,729 JPY (-7.2%) compared to 1 year ago and a transition to a bear market. 23 properties exchanged hands ( The market value represents a decrease of 33 (-58.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 364.3 sq.m (a +35.6% increase compared to the 268.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was the same as last year. Shizukuishi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Shizukuishi station, where prices have increased +84.5% compared to last year; a sq.m unit now costs 15,495 JPY/sq.m.

The top 1 stations has seen prices increase +84.5% (+7,095 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -0.8% (-426 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 1.8% of total transactions in 2013 and 4.3% of total transactions in 2014)

Breakdown of each segment

The table below shows Land dealt in Akita 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:

Top

Land stations market overview

The average price of a sq.m Land of Morioka, the highest market value along this railway was 53,205 JPY/sq.m. The market value represents a decrease of 426 JPY (-0.8%) compared to 1 year ago and a transition to a slight market. 20 properties exchanged hands ( The market value represents a decrease of 34 (-63.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Shizukuishi, the lowest market value along this railway was 15,495 JPY/sq.m. The market value represents an increase of 7,095 JPY (+84.5%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

Akita Shinkansen (Stations Land market overview)
Akita ShinkansenThis year(2014)1 year ago2 years ago
Morioka53,205 JPY (0.0Y/357.5sq.m)53,631 JPY (0.0Y/266.3sq.m)46,294 JPY (0.0Y/346.8sq.m)
Shizukuishi15,495 JPY (0.0Y/410.0sq.m)8,400 JPY (0.0Y/335.0sq.m)9,594 JPY (0.0Y/580.8sq.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

Shizukuishi15,495 JPY/sq.m (+84% compared with the previous year)

The average price of a sq.m Land of Shizukuishi was 15,495 JPY/sq.m. The market value represents an increase of 7,095 JPY (+84.5%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 410.0 sq.m (a +22.4% increase compared to the 335.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.0 min in 2013 and 11.0 min in 2014; +22.2%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 50.0% of total transactions in 2013 and 33.3% of total transactions in 2014)

Morioka53,205 JPY/sq.m (-1% compared with the previous year)

The average price of a sq.m Land of Morioka was 53,205 JPY/sq.m. The market value represents a decrease of 426 JPY (-0.8%) compared to 1 year ago and a transition to a slight market. 20 properties exchanged hands ( The market value represents a decrease of 34 (-63.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 357.5 sq.m (a +34.2% increase compared to the 266.3 sq.m of last year.).


Breakdown of each segment

Station:   Segment:

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)