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 Dec, 2014 was 149,069 JPY/sq.m. The market value represents an increase of 23,853 JPY (+19.0%) compared to 1 year ago and a transition to a bull market. 61 properties exchanged hands ( The market value represents an increase of 4 (+7.0%) compared to 1 year ago and a transition to a strong market.).

The average age of the real estate was 18.0 years old (a -14.6% decrease compared to the 21.1 years old of last year.). The average size of the real estate was 258.0 sq.m (a -21.5% decrease compared to the 328.5 sq.m of last year.). The average total floor space of the real estate was 193.8 sq.m (a -1.6% decrease compared to the 197.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station, as well as a dramatic increase in transactions involving relatively large size more than 100 sq.m.

10 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was toward increased prices. Oshino, Otomaru, Shijima, Sodani, Douhouji, Inokuchi 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 +127.0% compared to last year; a sq.m unit now costs 121,023 JPY/sq.m.

The top 2 stations has seen prices increase +106.6% (+85,826 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -19.4% (-34,881 JPY/sq.m).


Cause of price increases

  • An decrease in average age of the building (representing 21.1 years old in 2013 and 18.0 years old in 2014; -14.6%)
  • A dramatic decrease in average distance from the station (representing 22.3 min in 2013 and 13.3 min in 2014; -40.6%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 8.8% of total transactions in 2013 and 18.3% 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 1.8% of total transactions in 2013 and 6.7% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 32.7% of total transactions in 2013 and 40.4% 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 Otomaru, the highest market value along this railway was 276,541 JPY/sq.m. The market value represents an increase of 58,708 JPY (+27.0%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Home of Inokuchi, the lowest market value along this railway was 75,799 JPY/sq.m. The market value represents an increase of 28,431 JPY (+60.0%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase 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
Oshino155,959 JPY (10.5Y/316.2sq.m)100,000 JPY (42.5Y/230.0sq.m)74,615 JPY (39.5Y/2000.0sq.m)
Nonoichi150,330 JPY (22.4Y/386.1sq.m)144,007 JPY (22.4Y/389.4sq.m)161,871 JPY (17.9Y/444.2sq.m)
Nonoichikoudaimae110,457 JPY (22.3Y/478.8sq.m)180,218 JPY (21.1Y/215.0sq.m)143,545 JPY (24.4Y/285.0sq.m)
Magae180,247 JPY (7.9Y/180.0sq.m)152,895 JPY (18.2Y/456.7sq.m)156,421 JPY (17.9Y/304.0sq.m)
Nukajuutakumae135,674 JPY (24.1Y/159.0sq.m)-184,761 JPY (18.7Y/211.7sq.m)
Otomaru276,541 JPY (3.8Y/187.5sq.m)217,832 JPY (8.6Y/200.0sq.m)240,471 JPY (6.8Y/202.9sq.m)
Shijima180,538 JPY (11.6Y/155.0sq.m)129,415 JPY (23.6Y/321.7sq.m)146,380 JPY (15.4Y/172.1sq.m)
Sodani224,432 JPY (0.8Y/250.0sq.m)120,500 JPY (20.3Y/182.5sq.m)62,500 JPY (11.5Y/145.0sq.m)
Douhouji134,732 JPY (13.4Y/176.9sq.m)105,128 JPY (15.5Y/210.0sq.m)103,225 JPY (16.0Y/170.0sq.m)
Inokuchi75,799 JPY (24.5Y/165.0sq.m)47,368 JPY (28.5Y/90.0sq.m)171,428 JPY (0.8Y/150.0sq.m)
Oyanagi109,477 JPY (24.4Y/188.8sq.m)96,225 JPY (23.9Y/177.5sq.m)146,422 JPY (10.7Y/150.0sq.m)
Hinomiko111,111 JPY (17.8Y/200.0sq.m)111,111 JPY (16.0Y/200.0sq.m)68,888 JPY (15.8Y/200.0sq.m)
Tsurugi121,023 JPY (29.1Y/193.0sq.m)53,303 JPY (22.2Y/424.5sq.m)53,927 JPY (27.5Y/307.0sq.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

Tsurugi121,023 JPY/sq.m (+127% compared with the previous year)

The average price of a sq.m Home of Tsurugi was 121,023 JPY/sq.m. The market value represents an increase of 67,720 JPY (+127.0%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 5 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 29.1 years old (a +31.0% increase compared to the 22.2 years old of last year.). The average size of the real estate was 193.0 sq.m (a -54.5% decrease compared to the 424.5 sq.m of last year.). The average total floor space of the real estate was 147.0 sq.m (a -22.0% decrease compared to the 188.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 50.4 min in 2013 and 21.6 min in 2014; -57.1%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2013 and 33.3% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 22.2 years old in 2013 and 29.1 years old in 2014; +31.0%)

Sodani224,432 JPY/sq.m (+86% compared with the previous year)

The average price of a sq.m Home of Sodani was 224,432 JPY/sq.m. The market value represents an increase of 103,932 JPY (+86.3%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 0.8 years old (a -96.3% decrease compared to the 20.3 years old of last year.). The average size of the real estate was 250.0 sq.m (a +37.0% increase compared to the 182.5 sq.m of last year.). The average total floor space of the real estate was 95.0 sq.m (a -15.6% decrease compared to the 112.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 20.3 years old in 2013 and 0.8 years old in 2014; -96.3%)
  • A dramatic decrease in average distance from the station (representing 17.5 min in 2013 and 7.3 min in 2014; -58.1%)

Nonoichikoudaimae110,457 JPY/sq.m (-39% compared with the previous year)

The average price of a sq.m Home of Nonoichikoudaimae was 110,457 JPY/sq.m. The market value represents a decrease of 69,762 JPY (-38.7%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 22.3 years old (a +5.8% increase compared to the 21.1 years old of last year.). The average size of the real estate was 478.8 sq.m (a +122.7% increase compared to the 215.0 sq.m of last year.). The average total floor space of the real estate was 423.8 sq.m (a +235.6% increase compared to the 126.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 19.0 min in 2013 and 4.5 min in 2014; -76.3%)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 75.0% of total transactions in 2013 and 75.0% of total transactions in 2014)

Causes of price decreases

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

Hinomiko111,111 JPY/sq.m (+0% compared with the previous year)

The average price of a sq.m Home of Hinomiko was 111,111 JPY/sq.m. The market value represents a decrease of 0 JPY (+0.0%) compared to 1 year ago and a transition to a slight market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 17.8 years old (a +11.0% increase compared to the 16.0 years old of last year.). The average size of the real estate was 200.0 sq.m (a +0.0% decrease compared to the 200.0 sq.m of last year.). The average total floor space of the real estate was 135.0 sq.m (a +0.0% decrease compared to the 135.0 sq.m of last year.).

Causes of price decreases

  • An increase in average age of the building (representing 16.0 years old in 2013 and 17.8 years old in 2014; +11.0%)
  • A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 100.0% 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)