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, 2014 to Dec, 2014 was 142,456 JPY/sq.m. The market value represents a decrease of 1,679 JPY (-1.2%) compared to 1 year ago and a transition to a slight market. 17 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 14.1 years old (a -32.7% decrease compared to the 21.0 years old of last year.). The average size of the real estate was 207.6 sq.m (a -48.1% decrease compared to the 400.0 sq.m of last year.). The average total floor space of the real estate was 159.4 sq.m (a -17.6% decrease compared to the 193.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station, as well as a dramatic increase in transactions involving nearly new buildings under 3 years old.

6 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was the same as last year. Nonoichi, Nonoichikoudaimae, Shijima, Douhouji, Oyanagi, Tsurugi 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 +66.2% compared to last year; a sq.m unit now costs 73,986 JPY/sq.m.

The top 2 stations has seen prices increase +61.4% (+52,422 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease +3.7% (-483 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average age of the building (representing 21.0 years old in 2013 and 14.1 years old in 2014; -32.7%)
  • A dramatic decrease in average distance from the station (representing 26.5 min in 2013 and 11.8 min in 2014; -55.6%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 5.9% of total transactions in 2013 and 35.3% of total transactions in 2014)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 12.5% of total transactions in 2013 and 26.7% 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 Nonoichi, the highest market value along this railway was 216,666 JPY/sq.m. The market value represents an increase of 41,714 JPY (+23.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 5 (-62.5%) 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 73,986 JPY/sq.m. The market value represents an increase of 29,482 JPY (+66.2%) 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(2014)1 year ago2 years ago
Oshino75,000 JPY (17.8Y/540.0sq.m)--
Nonoichi216,666 JPY (8.8Y/183.3sq.m)174,953 JPY (21.0Y/479.4sq.m)196,652 JPY (23.8Y/796.7sq.m)
Nonoichikoudaimae141,666 JPY (17.3Y/172.5sq.m)100,000 JPY (37.8Y/195.0sq.m)184,000 JPY (15.8Y/165.0sq.m)
Magae-226,086 JPY (0.8Y/160.0sq.m)142,203 JPY (23.3Y/430.0sq.m)
Nukajuutakumae--76,190 JPY (20.8Y/220.0sq.m)
Otomaru215,384 JPY (0.8Y/185.0sq.m)258,064 JPY (0.8Y/230.0sq.m)275,000 JPY (0.8Y/175.0sq.m)
Shijima208,695 JPY (0.8Y/145.0sq.m)133,333 JPY (44.8Y/630.0sq.m)64,761 JPY (36.8Y/145.0sq.m)
Sodani236,363 JPY (0.8Y/200.0sq.m)--
Douhouji156,521 JPY (8.8Y/200.0sq.m)117,948 JPY (15.8Y/210.0sq.m)-
Inokuchi83,157 JPY (18.8Y/200.0sq.m)-171,428 JPY (0.8Y/150.0sq.m)
Oyanagi109,477 JPY (24.4Y/185.0sq.m)81,739 JPY (13.8Y/140.0sq.m)212,647 JPY (0.3Y/185.0sq.m)
Hinomiko111,111 JPY (17.8Y/200.0sq.m)-68,888 JPY (15.8Y/200.0sq.m)
Tsurugi73,986 JPY (20.8Y/205.0sq.m)44,504 JPY (26.8Y/466.7sq.m)23,529 JPY (38.8Y/510.0sq.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

Tsurugi73,986 JPY/sq.m (+66% compared with the previous year)

The average price of a sq.m Home of Tsurugi was 73,986 JPY/sq.m. The market value represents an increase of 29,482 JPY (+66.2%) 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.).

The average age of the real estate was 20.8 years old (a -22.4% decrease compared to the 26.8 years old of last year.). The average size of the real estate was 205.0 sq.m (a -56.1% decrease compared to the 466.7 sq.m of last year.). The average total floor space of the real estate was 197.5 sq.m (a +7.7% increase compared to the 183.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 26.8 years old in 2013 and 20.8 years old in 2014; -22.4%)
  • A dramatic decrease in average distance from the station (representing 63.0 min in 2013 and 31.0 min in 2014; -50.8%)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2013 and 100.0% of total transactions in 2014)

Shijima208,695 JPY/sq.m (+57% compared with the previous year)

The average price of a sq.m Home of Shijima was 208,695 JPY/sq.m. The market value represents an increase of 75,362 JPY (+56.5%) 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 0.8 years old (a -98.3% decrease compared to the 44.8 years old of last year.). The average size of the real estate was 145.0 sq.m (a -77.0% decrease compared to the 630.0 sq.m of last year.). The average total floor space of the real estate was 115.0 sq.m (a -14.8% decrease compared to the 135.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 44.8 years old in 2013 and 0.8 years old in 2014; -98.3%)
  • A dramatic decrease in average distance from the station (representing 21.0 min in 2013 and 7.0 min in 2014; -66.7%)

Otomaru215,384 JPY/sq.m (-17% compared with the previous year)

The average price of a sq.m Home of Otomaru was 215,384 JPY/sq.m. The market value represents a decrease of 42,680 JPY (-16.5%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 0.8 years old (a +0.0% decrease compared to the 0.8 years old of last year.). The average size of the real estate was 185.0 sq.m (a -19.6% decrease compared to the 230.0 sq.m of last year.). The average total floor space of the real estate was 130.0 sq.m (a -16.1% decrease compared to the 155.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2013 and 7.0 min in 2014; -76.7%)

Causes of price decreases

  • A slight decrease in transactions involving nearly new buildings under 3 years old (representing 100.0% of total transactions in 2013 and 100.0% of total transactions in 2014)

Nonoichi216,666 JPY/sq.m (+24% compared with the previous year)

The average price of a sq.m Home of Nonoichi was 216,666 JPY/sq.m. The market value represents an increase of 41,714 JPY (+23.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 5 (-62.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 8.8 years old (a -58.3% decrease compared to the 21.0 years old of last year.). The average size of the real estate was 183.3 sq.m (a -61.8% decrease compared to the 479.4 sq.m of last year.). The average total floor space of the real estate was 100.0 sq.m (a -59.2% decrease compared to the 245.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 21.0 years old in 2013 and 8.8 years old in 2014; -58.3%)
  • A dramatic decrease in average distance from the station (representing 16.8 min in 2013 and 9.0 min in 2014; -46.3%)

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)