Hokuriku Railroad Asanogawa Line Ishikawa 2017-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, 2017 to Sep, 2017 was 124,471 JPY/sq.m. The market value represents a decrease of 5,504 JPY (-4.2%) compared to 1 year ago and a transition to a some market. 9 properties exchanged hands ( The market value represents a decrease of 7 (-43.8%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.8 years old (a +8.3% increase compared to the 15.5 years old of last year.). The average size of the real estate was 175.0 sq.m (a -9.2% decrease compared to the 192.8 sq.m of last year.). The average total floor space of the real estate was 122.8 sq.m (a -2.3% 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 relatively new buildings under 20 years old.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations. Uchinada station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Uchinada station, where prices have decreased -11.5% compared to last year; a sq.m unit now costs 124,471 JPY/sq.m.

The top 1 stations has seen prices increase -11.5% (-16,180 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -11.5% (-16,180 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 22.4 min in 2016 and 15.4 min in 2017; -31.0%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 42.9% of total transactions in 2016 and 33.3% of total transactions in 2017)

Causes of price decreases

  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 50.0% of total transactions in 2016 and 33.3% 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:

※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 124,471 JPY/sq.m. The market value represents a decrease of 16,180 JPY (-11.5%) compared to 1 year ago and a transition to a weak market. 9 properties exchanged hands ( The market value represents a decrease of 4 (-30.8%) 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 124,471 JPY/sq.m. The market value represents a decrease of 16,180 JPY (-11.5%) compared to 1 year ago and a transition to a weak market. 9 properties exchanged hands ( The market value represents a decrease of 4 (-30.8%) 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)
Uchinada124,471 JPY (16.8Y/175.0sq.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.

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Noteworthy stations

Uchinada124,471 JPY/sq.m (-12% compared with the previous year)

The average price of a sq.m Home of Uchinada was 124,471 JPY/sq.m. The market value represents a decrease of 16,180 JPY (-11.5%) compared to 1 year ago and a transition to a weak market. 9 properties exchanged hands ( The market value represents a decrease of 4 (-30.8%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.8 years old (a +66.2% increase compared to the 10.1 years old of last year.). The average size of the real estate was 175.0 sq.m (a -3.4% decrease compared to the 181.2 sq.m of last year.). The average total floor space of the real estate was 122.8 sq.m (a +2.0% increase compared to the 120.4 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 25.7 min in 2016 and 15.4 min in 2017; -39.9%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 10.1 years old in 2016 and 16.8 years old in 2017; +66.2%)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 63.6% of total transactions in 2016 and 33.3% of total transactions in 2017)

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)