Hokuriku Railroad Ishikawa Line Home market overview

The average price of a sq.m Home of Hokuriku Railroad Ishikawa Line (Oshino to Tsurugi), in Oct, 2013 to Dec, 2013 was 144,135 JPY/sq.m. The market value represents a decrease of 10,397 JPY (-6.7%) compared to 1 year ago and a transition to a bear market. 17 properties exchanged hands ( The market value represents an increase of 3 (+21.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.0 years old (a +18.4% increase compared to the 17.7 years old of last year.). The average size of the real estate was 400.0 sq.m (a +8.0% increase compared to the 370.4 sq.m of last year.). The average total floor space of the real estate was 193.5 sq.m (a -10.3% decrease compared to the 215.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old, as well as a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

3 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Magae, Tsurugi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Shijima station, where prices have increased +105.9% compared to last year; a sq.m unit now costs 133,333 JPY/sq.m.

The top 2 stations has seen prices increase +97.5% (+44,774 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -53.6% (-107,454 JPY/sq.m).


Cause of price increases

  • An decrease in transactions involving older buildings over 40 years old (representing 7.1% of total transactions in 2012 and 6.2% of total transactions in 2013)

Causes of price decreases

  • An increase in average age of the building (representing 17.7 years old in 2012 and 21.0 years old in 2013; +18.4%)
  • A dramatic increase in average distance from the station (representing 14.9 min in 2012 and 26.5 min in 2013; +77.3%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 28.6% of total transactions in 2012 and 50.0% of total transactions in 2013)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 21.4% of total transactions in 2012 and 12.5% 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 Otomaru, the highest market value along this railway was 258,064 JPY/sq.m. The market value represents a decrease of 16,936 JPY (-6.2%) compared to 1 year ago and a transition to a bear market. 1 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Home of Tsurugi, the lowest market value along this railway was 44,504 JPY/sq.m. The market value represents an increase of 20,975 JPY (+89.1%) 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.).

Hokuriku Railroad Ishikawa Line (Stations Home market overview)
Hokuriku Railroad Ishikawa LineThis year(2013)1 year ago2 years ago
Oshino---
Nonoichi174,953 JPY (21.0Y/479.4sq.m)196,652 JPY (23.8Y/796.7sq.m)157,360 JPY (11.4Y/158.3sq.m)
Nonoichikoudaimae100,000 JPY (37.8Y/195.0sq.m)184,000 JPY (15.8Y/165.0sq.m)185,000 JPY (7.8Y/160.0sq.m)
Magae226,086 JPY (0.8Y/160.0sq.m)142,203 JPY (23.3Y/430.0sq.m)225,642 JPY (6.3Y/158.8sq.m)
Nukajuutakumae-76,190 JPY (20.8Y/220.0sq.m)-
Otomaru258,064 JPY (0.8Y/230.0sq.m)275,000 JPY (0.8Y/175.0sq.m)136,288 JPY (14.8Y/435.0sq.m)
Shijima133,333 JPY (44.8Y/630.0sq.m)64,761 JPY (36.8Y/145.0sq.m)-
Sodani--83,333 JPY (27.8Y/260.0sq.m)
Douhouji117,948 JPY (15.8Y/210.0sq.m)--
Inokuchi-171,428 JPY (0.8Y/150.0sq.m)103,333 JPY (27.8Y/115.0sq.m)
Oyanagi81,739 JPY (13.8Y/140.0sq.m)212,647 JPY (0.3Y/185.0sq.m)-
Hinomiko-68,888 JPY (15.8Y/200.0sq.m)-
Tsurugi44,504 JPY (26.8Y/466.7sq.m)23,529 JPY (38.8Y/510.0sq.m)65,384 JPY (37.3Y/665.0sq.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

Shijima133,333 JPY/sq.m (+106% compared with the previous year)

The average price of a sq.m Home of Shijima was 133,333 JPY/sq.m. The market value represents an increase of 68,572 JPY (+105.9%) 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 44.8 years old (a +21.8% increase compared to the 36.8 years old of last year.). The average size of the real estate was 630.0 sq.m (a +334.5% increase compared to the 145.0 sq.m of last year.). The average total floor space of the real estate was 135.0 sq.m (a +28.6% increase compared to the 105.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 36.8 years old in 2012 and 44.8 years old in 2013; +21.8%)
  • A dramatic increase in average distance from the station (representing 7.0 min in 2012 and 21.0 min in 2013; +200.0%)

Tsurugi44,504 JPY/sq.m (+89% compared with the previous year)

The average price of a sq.m Home of Tsurugi was 44,504 JPY/sq.m. The market value represents an increase of 20,975 JPY (+89.1%) 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 26.8 years old (a -31.0% decrease compared to the 38.8 years old of last year.). The average size of the real estate was 466.7 sq.m (a -8.5% decrease compared to the 510.0 sq.m of last year.). The average total floor space of the real estate was 183.3 sq.m (a -73.0% decrease compared to the 680.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 38.8 years old in 2012 and 26.8 years old in 2013; -31.0%)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2012 and 100.0% of total transactions in 2013)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.0 min in 2012 and 63.0 min in 2013; +687.5%)

Oyanagi81,739 JPY/sq.m (-62% compared with the previous year)

The average price of a sq.m Home of Oyanagi was 81,739 JPY/sq.m. The market value represents a decrease of 130,908 JPY (-61.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 13.8 years old (a +5330.3% increase compared to the 0.3 years old of last year.). The average size of the real estate was 140.0 sq.m (a -24.3% decrease compared to the 185.0 sq.m of last year.). The average total floor space of the real estate was 115.0 sq.m (a +24.3% increase compared to the 92.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 22.5 min in 2012 and 4.0 min in 2013; -82.2%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 0.3 years old in 2012 and 13.8 years old in 2013; +5330.3%)

Nonoichikoudaimae100,000 JPY/sq.m (-46% compared with the previous year)

The average price of a sq.m Home of Nonoichikoudaimae was 100,000 JPY/sq.m. The market value represents a decrease of 84,000 JPY (-45.7%) 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 37.8 years old (a +139.6% increase compared to the 15.8 years old of last year.). The average size of the real estate was 195.0 sq.m (a +18.2% increase compared to the 165.0 sq.m of last year.). The average total floor space of the real estate was 65.0 sq.m (a -48.0% decrease compared to the 125.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 15.8 years old in 2012 and 37.8 years old in 2013; +139.6%)
  • A dramatic increase in average distance from the station (representing 12.0 min in 2012 and 30.0 min in 2013; +150.0%)

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)