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, 2014 to Sep, 2014 was 172,987 JPY/sq.m. The market value represents an increase of 86,638 JPY (+100.3%) compared to 1 year ago and a transition to a dramatic market. 16 properties exchanged hands ( The market value represents an increase of 6 (+60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.6 years old (a -40.3% decrease compared to the 29.5 years old of last year.). The average size of the real estate was 241.9 sq.m (a -26.0% decrease compared to the 327.0 sq.m of last year.). The average total floor space of the real estate was 165.4 sq.m (a -46.5% decrease compared to the 309.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large size more than 200 sq.m, as well as a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

5 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Oshino, Nonoichi, Magae station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Tsurugi station, where prices have increased +624.7% compared to last year; a sq.m unit now costs 208,571 JPY/sq.m.

The top 1 stations has seen prices increase +624.7% (+179,792 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +19.6% (+24,924 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average age of the building (representing 29.5 years old in 2013 and 17.6 years old in 2014; -40.3%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 10.0% of total transactions in 2013 and 25.0% of total transactions in 2014)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 10.0% of total transactions in 2013 and 12.5% of total transactions in 2014)

Causes of price decreases

  • An increase in average distance from the station (representing 10.5 min in 2013 and 12.3 min in 2014; +17.3%)
  • An decrease in transactions involving nearly new buildings under 3 years old (representing 22.2% of total transactions in 2013 and 18.2% of total transactions in 2014)
  • A some increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2013 and 36.4% 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 237,037 JPY/sq.m. The market value represents an increase of 113,330 JPY (+91.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) 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 148,990 JPY/sq.m. The market value represents an increase of 62,034 JPY (+71.3%) 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(2014)1 year ago2 years ago
Oshino185,185 JPY (13.5Y/280.0sq.m)100,000 JPY (42.5Y/230.0sq.m)74,615 JPY (39.5Y/2000.0sq.m)
Nonoichi148,990 JPY (19.0Y/233.3sq.m)86,956 JPY (23.5Y/140.0sq.m)148,453 JPY (17.7Y/134.2sq.m)
Nonoichikoudaimae71,830 JPY (25.7Y/710.0sq.m)-147,000 JPY (27.5Y/242.5sq.m)
Magae237,037 JPY (0.5Y/195.0sq.m)123,706 JPY (30.2Y/753.3sq.m)217,391 JPY (0.5Y/180.0sq.m)
Nukajuutakumae---
Otomaru304,010 JPY (10.5Y/195.0sq.m)-263,086 JPY (0.5Y/210.0sq.m)
Shijima152,380 JPY (22.5Y/165.0sq.m)127,456 JPY (13.0Y/167.5sq.m)122,164 JPY (23.2Y/185.0sq.m)
Sodani--62,500 JPY (11.5Y/145.0sq.m)
Douhouji110,760 JPY (24.0Y/182.5sq.m)--
Inokuchi81,739 JPY (17.5Y/120.0sq.m)--
Oyanagi-30,303 JPY (60.5Y/140.0sq.m)68,235 JPY (25.5Y/130.0sq.m)
Hinomiko---
Tsurugi208,571 JPY (17.5Y/187.5sq.m)28,779 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

Tsurugi208,571 JPY/sq.m (+625% compared with the previous year)

The average price of a sq.m Home of Tsurugi was 208,571 JPY/sq.m. The market value represents an increase of 179,792 JPY (+624.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 17.5 years old (a -22.2% decrease compared to the 22.5 years old of last year.). The average size of the real estate was 187.5 sq.m (a +127.3% increase compared to the 82.5 sq.m of last year.). The average total floor space of the real estate was 120.0 sq.m (a +14.3% increase compared to the 105.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 22.5 years old in 2013 and 17.5 years old in 2014; -22.2%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 12.0 min in 2013 and 19.5 min in 2014; +62.5%)

Shijima152,380 JPY/sq.m (+20% compared with the previous year)

The average price of a sq.m Home of Shijima was 152,380 JPY/sq.m. The market value represents an increase of 24,924 JPY (+19.6%) compared to 1 year ago and a transition to a bull 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 22.5 years old (a +73.0% increase compared to the 13.0 years old of last year.). The average size of the real estate was 165.0 sq.m (a -1.5% decrease compared to the 167.5 sq.m of last year.). The average total floor space of the real estate was 105.0 sq.m (a -20.8% decrease compared to the 132.5 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 13.5 min in 2013 and 11.0 min in 2014; -18.5%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 13.0 years old in 2013 and 22.5 years old in 2014; +73.0%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2013 and 100.0% of total transactions in 2014)

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)