Hokuriku Railroad Asanogawa Line Ishikawa 2016-FY
Home market report

Hokuriku Railroad Asanogawa Line railway market report

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, 2016 to Dec, 2016 was 131,322 JPY/sq.m. The market value represents an increase of 27,418 JPY (+26.4%) compared to 1 year ago and a transition to a dramatic market. 23 properties exchanged hands ( The market value represents an increase of 8 (+53.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.6 years old (a -34.1% decrease compared to the 26.7 years old of last year.). The average size of the real estate was 203.9 sq.m (a -14.6% decrease compared to the 238.7 sq.m of last year.). The average total floor space of the real estate was 123.0 sq.m (a -26.3% decrease compared to the 166.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving nearly new buildings under 3 years old, as well as a dramatic increase in transactions involving relatively large total floor space more than 100 sq.m.

2 stations have experienced increased prices; 0 stations have experienced decreased prices. The market value increased in all stations. 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 +27.9% compared to last year; a sq.m unit now costs 138,277 JPY/sq.m.

The top 1 stations has seen prices increase +27.9% (+30,146 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +11.1% (+8,731 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 26.7 years old in 2015 and 17.6 years old in 2016; -34.1%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 6.7% of total transactions in 2015 and 36.8% of total transactions in 2016)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 60.0% of total transactions in 2015 and 42.1% of total transactions in 2016)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 6.7% of total transactions in 2015 and 4.3% of total transactions in 2016)
  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 6.7% of total transactions in 2015 and 5.3% of total transactions in 2016)

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:

※各年ごとの取引件数の割合が高いセグメントほど赤く表示

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Home stations market overview

The average price of a sq.m Home of Uchinada, the highest market value along this railway was 138,277 JPY/sq.m. The market value represents an increase of 30,146 JPY (+27.9%) compared to 1 year ago and a transition to a dramatic market. 20 properties exchanged hands ( The market value represents an increase of 8 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Awagasaki, the lowest market value along this railway was 87,272 JPY/sq.m. The market value represents an increase of 8,731 JPY (+11.1%) compared to 1 year ago and a transition to a bull 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(2016)1 year ago2 years ago
Awagasaki87,272 JPY (35.3Y/243.3sq.m)78,542 JPY (24.0Y/136.7sq.m)-
Uchinada138,277 JPY (14.3Y/198.0sq.m)108,131 JPY (27.4Y/264.2sq.m)55,965 JPY (31.4Y/213.6sq.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.

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Noteworthy stations

Uchinada138,277 JPY/sq.m (+28% compared with the previous year)

The average price of a sq.m Home of Uchinada was 138,277 JPY/sq.m. The market value represents an increase of 30,146 JPY (+27.9%) compared to 1 year ago and a transition to a dramatic market. 20 properties exchanged hands ( The market value represents an increase of 8 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 14.3 years old (a -47.8% decrease compared to the 27.4 years old of last year.). The average size of the real estate was 198.0 sq.m (a -25.0% decrease compared to the 264.2 sq.m of last year.). The average total floor space of the real estate was 119.2 sq.m (a -34.4% decrease compared to the 181.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 27.4 years old in 2015 and 14.3 years old in 2016; -47.8%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 58.3% of total transactions in 2015 and 31.2% of total transactions in 2016)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 16.7% of total transactions in 2015 and 6.2% of total transactions in 2016)

Causes of price decreases

  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 8.3% of total transactions in 2015 and 6.2% of total transactions in 2016)

Awagasaki87,272 JPY/sq.m (+11% compared with the previous year)

The average price of a sq.m Home of Awagasaki was 87,272 JPY/sq.m. The market value represents an increase of 8,731 JPY (+11.1%) compared to 1 year ago and a transition to a bull market. 3 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 35.3 years old (a +46.9% increase compared to the 24.0 years old of last year.). The average size of the real estate was 243.3 sq.m (a +78.0% increase compared to the 136.7 sq.m of last year.). The average total floor space of the real estate was 146.7 sq.m (a +89.2% increase compared to the 77.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.3 min in 2015 and 8.0 min in 2016; -35.1%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 24.0 years old in 2015 and 35.3 years old in 2016; +46.9%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2015 and 100.0% of total transactions in 2016)

Breakdown of each segment

Station:   Segment:

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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)