Akita Shinkansen Land market overview

The average price of a sq.m Land of Akita Shinkansen (Morioka to Shizukuishi), in Jan, 2015 to Dec, 2015 was 52,597 JPY/sq.m. The market value represents an increase of 5,673 JPY (+12.1%) compared to 1 year ago and a transition to a bull market. 88 properties exchanged hands ( The market value represents an increase of 12 (+15.8%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 314.2 sq.m (a -8.4% decrease compared to the 343.0 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.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was the same as last year. Morioka station has seen a price increase of over 5% compared to last year. The most dramatic price increase was at Morioka station, where prices have increased +8.9% compared to last year; a sq.m unit now costs 53,134 JPY/sq.m.

The top 1 stations has seen prices increase +8.9% (+4,343 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -55.2% (-7,864 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 35.0 min in 2014 and 30.7 min in 2015; -12.3%)

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 53,134 JPY/sq.m. The market value represents an increase of 4,343 JPY (+8.9%) compared to 1 year ago and a transition to a strong market. 87 properties exchanged hands ( The market value represents an increase of 15 (+20.8%) 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 6,382 JPY/sq.m. The market value represents a decrease of 7,864 JPY (-55.2%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

Akita Shinkansen (Stations Land market overview)
Akita ShinkansenThis year(2015)1 year ago2 years ago
Morioka53,134 JPY (0.0Y/312.4sq.m)48,791 JPY (0.0Y/342.2sq.m)50,074 JPY (0.0Y/336.0sq.m)
Shizukuishi6,382 JPY (0.0Y/470.0sq.m)14,246 JPY (0.0Y/357.5sq.m)6,330 JPY (0.0Y/590.4sq.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

Morioka53,134 JPY/sq.m (+9% compared with the previous year)

The average price of a sq.m Land of Morioka was 53,134 JPY/sq.m. The market value represents an increase of 4,343 JPY (+8.9%) compared to 1 year ago and a transition to a strong market. 87 properties exchanged hands ( The market value represents an increase of 15 (+20.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 312.4 sq.m (a -8.7% decrease compared to the 342.2 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 36.2 min in 2014 and 30.3 min in 2015; -16.3%)

Shizukuishi6,382 JPY/sq.m (-55% compared with the previous year)

The average price of a sq.m Land of Shizukuishi was 6,382 JPY/sq.m. The market value represents a decrease of 7,864 JPY (-55.2%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 470.0 sq.m (a +31.5% increase compared to the 357.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 12.2 min in 2014 and 60.0 min in 2015; +389.8%)

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)