Hokuriku Railroad Asanogawa Line Home market overview

The average price of a sq.m Home of Hokuriku Railroad Asanogawa Line (Awagasaki to Uchinada), in Jan, 2014 to Sep, 2014 was 55,965 JPY/sq.m. The market value represents a decrease of 67,433 JPY (-54.6%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 15 (-68.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 31.4 years old (a +45.6% increase compared to the 21.6 years old of last year.). The average size of the real estate was 213.6 sq.m (a -46.0% decrease compared to the 395.2 sq.m of last year.). The average total floor space of the real estate was 202.1 sq.m (a -26.2% decrease compared to the 273.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -54.6% (-67,433 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -54.6% (-67,433 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average age of the building (representing 21.6 years old in 2013 and 31.4 years old in 2014; +45.6%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2013 and 100.0% of total transactions in 2014)

Breakdown of each segment

The table below shows Home dealt in Hokuriku Railroad Asanogawa 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:

Top

Home stations market overview

The average price of a sq.m Home of Uchinada, the highest market value along this railway was 55,965 JPY/sq.m. The market value represents a decrease of 67,433 JPY (-54.6%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 15 (-68.2%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Uchinada, the lowest market value along this railway was 55,965 JPY/sq.m. The market value represents a decrease of 67,433 JPY (-54.6%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 15 (-68.2%) compared to 1 year ago and a transition to a dramatic market.).

Hokuriku Railroad Asanogawa Line (Stations Home market overview)
Hokuriku Railroad Asanogawa LineThis year(2014)1 year ago2 years ago
Awagasaki--190,909 JPY (0.0Y/155.0sq.m)
Uchinada55,965 JPY (31.4Y/213.6sq.m)123,398 JPY (21.6Y/395.2sq.m)119,486 JPY (18.3Y/257.7sq.m)
*Average unit prices per sq.m of Home 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

Uchinada55,965 JPY/sq.m (-55% compared with the previous year)

The average price of a sq.m Home of Uchinada was 55,965 JPY/sq.m. The market value represents a decrease of 67,433 JPY (-54.6%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 15 (-68.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 31.4 years old (a +45.6% increase compared to the 21.6 years old of last year.). The average size of the real estate was 213.6 sq.m (a -46.0% decrease compared to the 395.2 sq.m of last year.). The average total floor space of the real estate was 202.1 sq.m (a -26.2% decrease compared to the 273.9 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 21.6 years old in 2013 and 31.4 years old in 2014; +45.6%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2013 and 100.0% of total transactions in 2014)

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)