Hokuriku Railroad Ishikawa Line Home market overview

The average price of a sq.m Home of Hokuriku Railroad Ishikawa Line (Oshino to Tsurugi), in Jan, 2014 to Mar, 2014 was 123,066 JPY/sq.m. The market value represents a decrease of 9,991 JPY (-7.5%) compared to 1 year ago and a transition to a bear market. 16 properties exchanged hands ( The market value represents an increase of 1 (+6.7%) compared to 1 year ago and a transition to a strong market.).

The average age of the real estate was 21.3 years old (a +19.0% increase compared to the 17.9 years old of last year.). The average size of the real estate was 375.3 sq.m (a +31.4% increase compared to the 285.7 sq.m of last year.). The average total floor space of the real estate was 299.1 sq.m (a +104.4% increase compared to the 146.3 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 relatively large size more than 100 sq.m.

2 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Nonoichi station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Nonoichi station, where prices have increased +18.7% compared to last year; a sq.m unit now costs 141,535 JPY/sq.m.

The top 1 stations has seen prices increase +18.7% (+22,258 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -69.6% (-91,620 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 24.2 min in 2013 and 14.8 min in 2014; -38.8%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 21.4% of total transactions in 2013 and 6.2% of total transactions in 2014)

Causes of price decreases

  • An increase in average age of the building (representing 17.9 years old in 2013 and 21.3 years old in 2014; +19.0%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 7.1% of total transactions in 2013 and 50.0% of total transactions in 2014)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 28.6% of total transactions in 2013 and 18.8% of total transactions in 2014)

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 Magae, the highest market value along this railway was 151,852 JPY/sq.m. The market value represents an increase of 6,363 JPY (+4.4%) compared to 1 year ago and a transition to a some market. 2 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 40,000 JPY/sq.m. The market value represents a decrease of 91,620 JPY (-69.6%) 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.).

Hokuriku Railroad Ishikawa Line (Stations Home market overview)
Hokuriku Railroad Ishikawa LineThis year(2014)1 year ago2 years ago
Oshino---
Nonoichi141,535 JPY (23.6Y/696.0sq.m)119,277 JPY (27.5Y/380.0sq.m)159,222 JPY (16.4Y/517.3sq.m)
Nonoichikoudaimae86,666 JPY (29.0Y/860.0sq.m)272,727 JPY (0.0Y/155.0sq.m)126,634 JPY (17.5Y/462.5sq.m)
Magae151,852 JPY (15.5Y/180.0sq.m)145,488 JPY (9.0Y/160.0sq.m)88,000 JPY (42.0Y/330.0sq.m)
Nukajuutakumae122,902 JPY (21.0Y/151.7sq.m)-371,428 JPY (7.0Y/195.0sq.m)
Otomaru-186,666 JPY (22.0Y/210.0sq.m)206,345 JPY (15.0Y/205.0sq.m)
Shijima--185,714 JPY (1.0Y/175.0sq.m)
Sodani---
Douhouji120,192 JPY (12.5Y/167.5sq.m)-103,225 JPY (16.0Y/170.0sq.m)
Inokuchi-47,368 JPY (28.5Y/90.0sq.m)-
Oyanagi-180,000 JPY (1.0Y/200.0sq.m)65,000 JPY (28.0Y/130.0sq.m)
Hinomiko-111,111 JPY (16.0Y/200.0sq.m)-
Tsurugi40,000 JPY (49.0Y/180.0sq.m)131,620 JPY (13.0Y/560.0sq.m)107,142 JPY (17.0Y/610.0sq.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

Nonoichi141,535 JPY/sq.m (+19% compared with the previous year)

The average price of a sq.m Home of Nonoichi was 141,535 JPY/sq.m. The market value represents an increase of 22,258 JPY (+18.7%) compared to 1 year ago and a transition to a bull market. 5 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 23.6 years old (a -14.2% decrease compared to the 27.5 years old of last year.). The average size of the real estate was 696.0 sq.m (a +83.2% increase compared to the 380.0 sq.m of last year.). The average total floor space of the real estate was 612.0 sq.m (a +198.5% increase compared to the 205.0 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 27.5 years old in 2013 and 23.6 years old in 2014; -14.2%)

Causes of price decreases

  • An decrease in transactions involving nearly new buildings under 3 years old (representing 25.0% of total transactions in 2013 and 20.0% of total transactions in 2014)

Tsurugi40,000 JPY/sq.m (-70% compared with the previous year)

The average price of a sq.m Home of Tsurugi was 40,000 JPY/sq.m. The market value represents a decrease of 91,620 JPY (-69.6%) 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 49.0 years old (a +276.9% increase compared to the 13.0 years old of last year.). The average size of the real estate was 180.0 sq.m (a -67.9% decrease compared to the 560.0 sq.m of last year.). The average total floor space of the real estate was 100.0 sq.m (a -2.4% decrease compared to the 102.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 75.0 min in 2013 and 7.0 min in 2014; -90.7%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 13.0 years old in 2013 and 49.0 years old in 2014; +276.9%)

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)