Hokuriku Railroad Ishikawa Line Home market overview

The average price of a sq.m Home of Hokuriku Railroad Ishikawa Line (Oshino to Tsurugi), in Apr, 2014 to Jun, 2014 was 165,168 JPY/sq.m. The market value represents an increase of 45,915 JPY (+38.5%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents a decrease of 3 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.1 years old (a +1.4% increase compared to the 18.8 years old of last year.). The average size of the real estate was 194.6 sq.m (a -33.2% decrease compared to the 291.3 sq.m of last year.). The average total floor space of the real estate was 120.5 sq.m (a -31.9% decrease compared to the 177.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving nearly new buildings under 3 years old.

3 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Otomaru, Sodani station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Douhouji station, where prices have increased +137.3% compared to last year; a sq.m unit now costs 219,047 JPY/sq.m.

The top 1 stations has seen prices increase +137.3% (+126,740 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -6.4% (-8,119 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 23.7 min in 2013 and 14.8 min in 2014; -37.7%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 7.7% of total transactions in 2013 and 40.0% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 38.5% of total transactions in 2013 and 50.0% 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 Otomaru, the highest market value along this railway was 282,758 JPY/sq.m. The market value represents an increase of 69,458 JPY (+32.6%) 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 price of a sq.m Home of Nonoichi, the lowest market value along this railway was 119,172 JPY/sq.m. The market value represents a decrease of 8,119 JPY (-6.4%) compared to 1 year ago and a transition to a bear market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) 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
Oshino207,692 JPY (0.3Y/165.0sq.m)--
Nonoichi119,172 JPY (31.6Y/225.0sq.m)127,292 JPY (19.8Y/283.8sq.m)-
Nonoichikoudaimae-174,074 JPY (23.3Y/255.0sq.m)130,000 JPY (40.3Y/135.0sq.m)
Magae--192,307 JPY (0.3Y/150.0sq.m)
Nukajuutakumae154,830 JPY (28.8Y/170.0sq.m)-106,666 JPY (28.3Y/220.0sq.m)
Otomaru282,758 JPY (0.3Y/175.0sq.m)213,300 JPY (5.8Y/180.0sq.m)-
Shijima--203,846 JPY (0.3Y/165.0sq.m)
Sodani212,500 JPY (0.0Y/260.0sq.m)120,500 JPY (20.3Y/182.5sq.m)-
Douhouji219,047 JPY (0.3Y/180.0sq.m)92,307 JPY (15.3Y/210.0sq.m)-
Inokuchi62,500 JPY (37.3Y/175.0sq.m)--
Oyanagi-92,857 JPY (20.3Y/230.0sq.m)160,000 JPY (-0.7Y/135.0sq.m)
Hinomiko---
Tsurugi-26,238 JPY (31.3Y/520.0sq.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

Douhouji219,047 JPY/sq.m (+137% compared with the previous year)

The average price of a sq.m Home of Douhouji was 219,047 JPY/sq.m. The market value represents an increase of 126,740 JPY (+137.3%) 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 0.3 years old (a -98.3% decrease compared to the 15.3 years old of last year.). The average size of the real estate was 180.0 sq.m (a -14.3% decrease compared to the 210.0 sq.m of last year.). The average total floor space of the real estate was 105.0 sq.m (a -46.2% decrease compared to the 195.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 15.3 years old in 2013 and 0.3 years old in 2014; -98.3%)
  • A dramatic decrease in average distance from the station (representing 26.0 min in 2013 and 13.0 min in 2014; -50.0%)

Nonoichi119,172 JPY/sq.m (-6% compared with the previous year)

The average price of a sq.m Home of Nonoichi was 119,172 JPY/sq.m. The market value represents a decrease of 8,119 JPY (-6.4%) compared to 1 year ago and a transition to a bear market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 31.6 years old (a +59.9% increase compared to the 19.8 years old of last year.). The average size of the real estate was 225.0 sq.m (a -20.7% decrease compared to the 283.8 sq.m of last year.). The average total floor space of the real estate was 140.0 sq.m (a -5.9% decrease compared to the 148.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 19.8 years old in 2013 and 31.6 years old in 2014; +59.9%)
  • A dramatic increase in average distance from the station (representing 13.5 min in 2013 and 20.0 min in 2014; +48.1%)

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)