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, 2015 to Jun, 2015 was 168,750 JPY/sq.m. The market value represents an increase of 3,582 JPY (+2.2%) compared to 1 year ago and a transition to a slight market. 5 properties exchanged hands ( The market value represents a decrease of 7 (-58.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 12.5 years old (a -34.4% decrease compared to the 19.1 years old of last year.). The average size of the real estate was 190.0 sq.m (a -2.4% decrease compared to the 194.6 sq.m of last year.). The average total floor space of the real estate was 118.8 sq.m (a -1.5% decrease compared to the 120.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old.

1 stations have experienced increased prices; 0 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 Nonoichi station, where prices have increased +71.3% compared to last year; a sq.m unit now costs 204,166 JPY/sq.m.

The top 1 stations has seen prices increase +71.3% (+84,994 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +71.3% (+84,994 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average age of the building (representing 19.1 years old in 2014 and 12.5 years old in 2015; -34.4%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2014 and 25.0% 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 19.6 min in 2015; +32.9%)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 40.0% of total transactions in 2014 and 25.0% 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 Nonoichi, the highest market value along this railway was 204,166 JPY/sq.m. The market value represents an increase of 84,994 JPY (+71.3%) 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 price of a sq.m Home of Nonoichi, the lowest market value along this railway was 204,166 JPY/sq.m. The market value represents an increase of 84,994 JPY (+71.3%) 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(2015)1 year ago2 years ago
Oshino-207,692 JPY (0.3Y/165.0sq.m)-
Nonoichi204,166 JPY (9.3Y/150.0sq.m)119,172 JPY (31.6Y/225.0sq.m)127,292 JPY (19.8Y/283.8sq.m)
Nonoichikoudaimae--174,074 JPY (23.3Y/255.0sq.m)
Magae200,000 JPY (10.3Y/175.0sq.m)--
Nukajuutakumae-154,830 JPY (28.8Y/170.0sq.m)-
Otomaru-282,758 JPY (0.3Y/175.0sq.m)213,300 JPY (5.8Y/180.0sq.m)
Shijima---
Sodani-212,500 JPY (0.0Y/260.0sq.m)120,500 JPY (20.3Y/182.5sq.m)
Douhouji-219,047 JPY (0.3Y/180.0sq.m)92,307 JPY (15.3Y/210.0sq.m)
Inokuchi-62,500 JPY (37.3Y/175.0sq.m)-
Oyanagi66,666 JPY (21.3Y/310.0sq.m)-92,857 JPY (20.3Y/230.0sq.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

Nonoichi204,166 JPY/sq.m (+71% compared with the previous year)

The average price of a sq.m Home of Nonoichi was 204,166 JPY/sq.m. The market value represents an increase of 84,994 JPY (+71.3%) 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 9.3 years old (a -70.7% decrease compared to the 31.6 years old of last year.). The average size of the real estate was 150.0 sq.m (a -33.3% decrease compared to the 225.0 sq.m of last year.). The average total floor space of the real estate was 105.0 sq.m (a -25.0% decrease compared to the 140.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 31.6 years old in 2014 and 9.3 years old in 2015; -70.7%)
  • A dramatic decrease in average distance from the station (representing 20.0 min in 2014 and 13.5 min in 2015; -32.5%)

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)