Akita Shinkansen Land market overview

The average price of a sq.m Land of Akita Shinkansen (Morioka to Shizukuishi), in Apr, 2016 to Jun, 2016 was 40,945 JPY/sq.m. The market value represents a decrease of 2,994 JPY (-6.8%) compared to 1 year ago and a transition to a bear market. 25 properties exchanged hands ( The market value represents an increase of 10 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 324.6 sq.m (a -2.2% decrease compared to the 332.0 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; 0 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 +8.0% compared to last year; a sq.m unit now costs 47,457 JPY/sq.m.

The top 1 stations has seen prices increase +8.0% (+3,517 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +8.0% (+3,517 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 25.9 min in 2015 and 33.2 min in 2016; +27.9%)

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 47,457 JPY/sq.m. The market value represents an increase of 3,517 JPY (+8.0%) compared to 1 year ago and a transition to a strong market. 21 properties exchanged hands ( The market value represents an increase of 6 (+40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Morioka, the lowest market value along this railway was 47,457 JPY/sq.m. The market value represents an increase of 3,517 JPY (+8.0%) compared to 1 year ago and a transition to a strong market. 21 properties exchanged hands ( The market value represents an increase of 6 (+40.0%) compared to 1 year ago and a transition to a dramatic market.).

Akita Shinkansen (Stations Land market overview)
Akita ShinkansenThis year(2016)1 year ago2 years ago
Morioka47,457 JPY (0.0Y/247.4sq.m)43,940 JPY (0.0Y/332.0sq.m)42,557 JPY (0.0Y/257.7sq.m)
Shizukuishi6,760 JPY (0.0Y/730.0sq.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

Morioka47,457 JPY/sq.m (+8% compared with the previous year)

The average price of a sq.m Land of Morioka was 47,457 JPY/sq.m. The market value represents an increase of 3,517 JPY (+8.0%) compared to 1 year ago and a transition to a strong market. 21 properties exchanged hands ( The market value represents an increase of 6 (+40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 247.4 sq.m (a -25.5% decrease compared to the 332.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 25.9 min in 2015 and 34.0 min in 2016; +31.3%)

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)