Hokuriku Railroad Ishikawa Line Home market overview

The average price of a sq.m Home of Hokuriku Railroad Ishikawa Line (Oshino to Tsurugi), in Jul, 2013 to Sep, 2013 was 86,349 JPY/sq.m. The market value represents a decrease of 51,849 JPY (-37.5%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents a decrease of 11 (-52.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 29.5 years old (a +62.5% increase compared to the 18.2 years old of last year.). The average size of the real estate was 327.0 sq.m (a +28.5% increase compared to the 254.5 sq.m of last year.). The average total floor space of the real estate was 309.0 sq.m (a +72.4% increase compared to the 179.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station, 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; 4 stations have experienced decreased prices. Market value of most stations decreased. Oshino station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Oshino station, where prices have increased +34.0% compared to last year; a sq.m unit now costs 100,000 JPY/sq.m.

The top 2 stations has seen prices increase +19.2% (+15,339 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -49.3% (-65,808 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 16.5 min in 2012 and 10.5 min in 2013; -36.3%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2012 and 33.3% of total transactions in 2013)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.2 years old in 2012 and 29.5 years old in 2013; +62.5%)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 35.0% of total transactions in 2012 and 22.2% of total transactions in 2013)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.3% of total transactions in 2012 and 10.0% of total transactions in 2013)

Breakdown of each segment

The table below shows Home dealt in Hokuriku Railroad Ishikawa 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 Shijima, the highest market value along this railway was 127,456 JPY/sq.m. The market value represents an increase of 5,292 JPY (+4.3%) compared to 1 year ago and a transition to a some market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Tsurugi, the lowest market value along this railway was 28,779 JPY/sq.m. The market value represents a decrease of 17,542 JPY (-37.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

Hokuriku Railroad Ishikawa Line (Stations Home market overview)
Hokuriku Railroad Ishikawa LineThis year(2013)1 year ago2 years ago
Oshino100,000 JPY (42.5Y/230.0sq.m)74,615 JPY (39.5Y/2000.0sq.m)-
Nonoichi86,956 JPY (23.5Y/140.0sq.m)148,453 JPY (17.7Y/134.2sq.m)200,676 JPY (7.8Y/195.0sq.m)
Nonoichikoudaimae-147,000 JPY (27.5Y/242.5sq.m)200,000 JPY (38.5Y/830.0sq.m)
Magae123,706 JPY (30.2Y/753.3sq.m)217,391 JPY (0.5Y/180.0sq.m)-
Nukajuutakumae---
Otomaru-263,086 JPY (0.5Y/210.0sq.m)100,000 JPY (16.5Y/280.0sq.m)
Shijima127,456 JPY (13.0Y/167.5sq.m)122,164 JPY (23.2Y/185.0sq.m)-
Sodani-62,500 JPY (11.5Y/145.0sq.m)-
Douhouji---
Inokuchi---
Oyanagi30,303 JPY (60.5Y/140.0sq.m)68,235 JPY (25.5Y/130.0sq.m)-
Hinomiko---
Tsurugi28,779 JPY (22.5Y/82.5sq.m)46,321 JPY (27.0Y/138.3sq.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

Oshino100,000 JPY/sq.m (+34% compared with the previous year)

The average price of a sq.m Home of Oshino was 100,000 JPY/sq.m. The market value represents an increase of 25,385 JPY (+34.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 42.5 years old (a +7.6% increase compared to the 39.5 years old of last year.). The average size of the real estate was 230.0 sq.m (a -88.5% decrease compared to the 2000.0 sq.m of last year.). The average total floor space of the real estate was 110.0 sq.m (a -91.5% decrease compared to the 1300.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 3.0 min in 2012 and 2.0 min in 2013; -33.3%)

Shijima127,456 JPY/sq.m (+4% compared with the previous year)

The average price of a sq.m Home of Shijima was 127,456 JPY/sq.m. The market value represents an increase of 5,292 JPY (+4.3%) compared to 1 year ago and a transition to a some market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 13.0 years old (a -43.9% decrease compared to the 23.2 years old of last year.). The average size of the real estate was 167.5 sq.m (a -9.5% decrease compared to the 185.0 sq.m of last year.). The average total floor space of the real estate was 132.5 sq.m (a +12.0% increase compared to the 118.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 23.2 years old in 2012 and 13.0 years old in 2013; -43.9%)
  • A dramatic decrease in average distance from the station (representing 17.7 min in 2012 and 13.5 min in 2013; -23.6%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2012 and 50.0% of total transactions in 2013)

Oyanagi30,303 JPY/sq.m (-56% compared with the previous year)

The average price of a sq.m Home of Oyanagi was 30,303 JPY/sq.m. The market value represents a decrease of 37,932 JPY (-55.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 60.5 years old (a +137.2% increase compared to the 25.5 years old of last year.). The average size of the real estate was 140.0 sq.m (a +7.7% increase compared to the 130.0 sq.m of last year.). The average total floor space of the real estate was 165.0 sq.m (a +94.1% increase compared to the 85.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 28.0 min in 2012 and 3.0 min in 2013; -89.3%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 25.5 years old in 2012 and 60.5 years old in 2013; +137.2%)

Magae123,706 JPY/sq.m (-43% compared with the previous year)

The average price of a sq.m Home of Magae was 123,706 JPY/sq.m. The market value represents a decrease of 93,684 JPY (-43.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 30.2 years old (a +5888.9% increase compared to the 0.5 years old of last year.). The average size of the real estate was 753.3 sq.m (a +318.5% increase compared to the 180.0 sq.m of last year.). The average total floor space of the real estate was 741.7 sq.m (a +544.9% increase compared to the 115.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 24.0 min in 2012 and 13.0 min in 2013; -45.8%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 0.5 years old in 2012 and 30.2 years old in 2013; +5888.9%)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 100.0% of total transactions in 2012 and 33.3% of total transactions in 2013)

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)