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, 2015 to Mar, 2015 was 158,294 JPY/sq.m. The market value represents an increase of 35,229 JPY (+28.6%) compared to 1 year ago and a transition to a dramatic market. 21 properties exchanged hands ( The market value represents an increase of 5 (+31.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.7 years old (a +1.9% increase compared to the 21.3 years old of last year.). The average size of the real estate was 382.6 sq.m (a +1.9% increase compared to the 375.3 sq.m of last year.). The average total floor space of the real estate was 155.2 sq.m (a -48.1% decrease compared to the 299.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving older buildings over 40 years old, as well as a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

3 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 20% compared to last year. The most dramatic price increase was at Nonoichikoudaimae station, where prices have increased +122.5% compared to last year; a sq.m unit now costs 192,857 JPY/sq.m.

The top 1 stations has seen prices increase +122.5% (+106,191 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -69.9% (-83,987 JPY/sq.m).


Cause of price increases

  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 18.8% of total transactions in 2014 and 29.4% of total transactions in 2015)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2014 and 29.4% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 14.8 min in 2014 and 24.6 min in 2015; +66.0%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 6.2% of total transactions in 2014 and 23.5% of total transactions in 2015)
  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 6.7% of total transactions in 2014 and 4.8% of total transactions in 2015)

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 Nonoichikoudaimae, the highest market value along this railway was 192,857 JPY/sq.m. The market value represents an increase of 106,191 JPY (+122.5%) 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 price of a sq.m Home of Douhouji, the lowest market value along this railway was 36,205 JPY/sq.m. The market value represents a decrease of 83,987 JPY (-69.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-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(2015)1 year ago2 years ago
Oshino200,000 JPY (10.0Y/230.0sq.m)--
Nonoichi184,477 JPY (23.3Y/422.0sq.m)141,535 JPY (23.6Y/696.0sq.m)119,277 JPY (27.5Y/380.0sq.m)
Nonoichikoudaimae192,857 JPY (1.0Y/150.0sq.m)86,666 JPY (29.0Y/860.0sq.m)272,727 JPY (0.0Y/155.0sq.m)
Magae125,000 JPY (44.0Y/650.0sq.m)151,852 JPY (15.5Y/180.0sq.m)145,488 JPY (9.0Y/160.0sq.m)
Nukajuutakumae-122,902 JPY (21.0Y/151.7sq.m)-
Otomaru232,605 JPY (13.0Y/185.0sq.m)-186,666 JPY (22.0Y/210.0sq.m)
Shijima159,432 JPY (24.7Y/138.3sq.m)--
Sodani---
Douhouji36,205 JPY (40.0Y/155.0sq.m)120,192 JPY (12.5Y/167.5sq.m)-
Inokuchi--47,368 JPY (28.5Y/90.0sq.m)
Oyanagi--180,000 JPY (1.0Y/200.0sq.m)
Hinomiko--111,111 JPY (16.0Y/200.0sq.m)
Tsurugi81,505 JPY (27.0Y/926.7sq.m)40,000 JPY (49.0Y/180.0sq.m)131,620 JPY (13.0Y/560.0sq.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

Nonoichikoudaimae192,857 JPY/sq.m (+123% compared with the previous year)

The average price of a sq.m Home of Nonoichikoudaimae was 192,857 JPY/sq.m. The market value represents an increase of 106,191 JPY (+122.5%) 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 1.0 years old (a -96.6% decrease compared to the 29.0 years old of last year.). The average size of the real estate was 150.0 sq.m (a -82.6% decrease compared to the 860.0 sq.m of last year.). The average total floor space of the real estate was 140.0 sq.m (a -76.7% decrease compared to the 600.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 29.0 years old in 2014 and 1.0 years old in 2015; -96.6%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.0 min in 2014 and 8.0 min in 2015; +60.0%)

Douhouji36,205 JPY/sq.m (-70% compared with the previous year)

The average price of a sq.m Home of Douhouji was 36,205 JPY/sq.m. The market value represents a decrease of 83,987 JPY (-69.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 40.0 years old (a +220.0% increase compared to the 12.5 years old of last year.). The average size of the real estate was 155.0 sq.m (a -7.5% decrease compared to the 167.5 sq.m of last year.). The average total floor space of the real estate was 85.0 sq.m (a -20.0% decrease compared to the 106.2 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 12.5 years old in 2014 and 40.0 years old in 2015; +220.0%)
  • A dramatic increase in average distance from the station (representing 9.2 min in 2014 and 30.0 min in 2015; +224.3%)

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)