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, 2017 to Jun, 2017 was 110,798 JPY/sq.m. The market value represents a decrease of 19,177 JPY (-14.8%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents a decrease of 14 (-87.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 33.1 years old (a +113.9% increase compared to the 15.5 years old of last year.). The average size of the real estate was 215.0 sq.m (a +11.5% increase compared to the 192.8 sq.m of last year.). The average total floor space of the real estate was 112.5 sq.m (a -10.5% decrease compared to the 125.7 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.

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 -21.2% (-29,852 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -21.2% (-29,852 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average age of the building (representing 15.5 years old in 2016 and 33.1 years old in 2017; +113.9%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 42.9% of total transactions in 2016 and 50.0% of total transactions in 2017)

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 110,798 JPY/sq.m. The market value represents a decrease of 29,852 JPY (-21.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 11 (-84.6%) 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 110,798 JPY/sq.m. The market value represents a decrease of 29,852 JPY (-21.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 11 (-84.6%) 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(2017)1 year ago2 years ago
Awagasaki-87,272 JPY (35.3Y/243.3sq.m)78,542 JPY (24.0Y/136.7sq.m)
Uchinada110,798 JPY (33.1Y/215.0sq.m)140,650 JPY (10.1Y/181.2sq.m)108,131 JPY (27.4Y/264.2sq.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

Uchinada110,798 JPY/sq.m (-21% compared with the previous year)

The average price of a sq.m Home of Uchinada was 110,798 JPY/sq.m. The market value represents a decrease of 29,852 JPY (-21.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 11 (-84.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 33.1 years old (a +228.2% increase compared to the 10.1 years old of last year.). The average size of the real estate was 215.0 sq.m (a +18.7% increase compared to the 181.2 sq.m of last year.). The average total floor space of the real estate was 112.5 sq.m (a -6.6% decrease compared to the 120.4 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 25.7 min in 2016 and 22.5 min in 2017; -12.4%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 10.1 years old in 2016 and 33.1 years old in 2017; +228.2%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 27.3% of total transactions in 2016 and 50.0% of total transactions in 2017)

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)