Akita Shinkansen Land market overview

The average price of a sq.m Land of Akita Shinkansen (Morioka to Shizukuishi), in Apr, 2015 to Jun, 2015 was 43,940 JPY/sq.m. The market value represents an increase of 1,383 JPY (+3.2%) compared to 1 year ago and a transition to a some market. 15 properties exchanged hands ( The market value represents an increase of 2 (+15.4%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 332.0 sq.m (a +28.8% increase compared to the 257.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was the same as last year.

The top 1 stations has seen prices increase +3.2% (+1,383 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +3.2% (+1,383 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 42.2 min in 2014 and 25.9 min in 2015; -38.6%)

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 43,940 JPY/sq.m. The market value represents an increase of 1,383 JPY (+3.2%) compared to 1 year ago and a transition to a some market. 15 properties exchanged hands ( The market value represents an increase of 2 (+15.4%) compared to 1 year ago and a transition to a bull market.).

The average price of a sq.m Land of Morioka, the lowest market value along this railway was 43,940 JPY/sq.m. The market value represents an increase of 1,383 JPY (+3.2%) compared to 1 year ago and a transition to a some market. 15 properties exchanged hands ( The market value represents an increase of 2 (+15.4%) compared to 1 year ago and a transition to a bull market.).

Akita Shinkansen (Stations Land market overview)
Akita ShinkansenThis year(2015)1 year ago2 years ago
Morioka43,940 JPY (0.0Y/332.0sq.m)42,557 JPY (0.0Y/257.7sq.m)53,486 JPY (0.0Y/308.6sq.m)
Shizukuishi--10,194 JPY (0.0Y/290.0sq.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

Morioka43,940 JPY/sq.m (+3% compared with the previous year)

The average price of a sq.m Land of Morioka was 43,940 JPY/sq.m. The market value represents an increase of 1,383 JPY (+3.2%) compared to 1 year ago and a transition to a some market. 15 properties exchanged hands ( The market value represents an increase of 2 (+15.4%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 332.0 sq.m (a +28.8% increase compared to the 257.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 42.2 min in 2014 and 25.9 min in 2015; -38.6%)

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)