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, 2015 to Mar, 2015 was 107,637 JPY/sq.m. The market value represents an increase of 49,068 JPY (+83.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 33.4 years old (a +20.5% increase compared to the 27.7 years old of last year.). The average size of the real estate was 236.7 sq.m (a +16.4% increase compared to the 203.3 sq.m of last year.). The average total floor space of the real estate was 158.3 sq.m (a +28.4% increase compared to the 123.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving total floor space for a general family households less than 100 sq.m.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was the same as last year. Uchinada station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Uchinada station, where prices have increased +83.8% compared to last year; a sq.m unit now costs 107,637 JPY/sq.m.

The top 1 stations has seen prices increase +83.8% (+49,068 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +83.8% (+49,068 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2014 and 66.7% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 27.7 years old in 2014 and 33.4 years old in 2015; +20.5%)

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 107,637 JPY/sq.m. The market value represents an increase of 49,068 JPY (+83.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Home of Uchinada, the lowest market value along this railway was 107,637 JPY/sq.m. The market value represents an increase of 49,068 JPY (+83.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

Hokuriku Railroad Asanogawa Line (Stations Home market overview)
Hokuriku Railroad Asanogawa LineThis year(2015)1 year ago2 years ago
Awagasaki---
Uchinada107,637 JPY (33.4Y/236.7sq.m)58,569 JPY (27.7Y/203.3sq.m)164,910 JPY (14.7Y/444.3sq.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

Uchinada107,637 JPY/sq.m (+84% compared with the previous year)

The average price of a sq.m Home of Uchinada was 107,637 JPY/sq.m. The market value represents an increase of 49,068 JPY (+83.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 33.4 years old (a +20.5% increase compared to the 27.7 years old of last year.). The average size of the real estate was 236.7 sq.m (a +16.4% increase compared to the 203.3 sq.m of last year.). The average total floor space of the real estate was 158.3 sq.m (a +28.4% increase compared to the 123.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2014 and 66.7% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 27.7 years old in 2014 and 33.4 years old in 2015; +20.5%)

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)