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, 2016 to Sep, 2016 was 136,911 JPY/sq.m. The market value represents a decrease of 24,380 JPY (-15.1%) compared to 1 year ago and a transition to a weak market. 16 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 19.9 years old (a +34.3% increase compared to the 14.8 years old of last year.). The average size of the real estate was 305.3 sq.m (a -6.8% decrease compared to the 327.5 sq.m of last year.). The average total floor space of the real estate was 255.8 sq.m (a +8.5% increase compared to the 235.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old, as well as a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

1 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Douhouji station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Oyanagi station, where prices have decreased -48.6% compared to last year; a sq.m unit now costs 54,838 JPY/sq.m.

The top 1 stations has seen prices increase +3784.6% (+199,181 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -48.6% (-51,828 JPY/sq.m).


Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 12.5% of total transactions in 2015 and 25.0% of total transactions in 2016)
  • A slight decrease in transactions involving older buildings over 40 years old (representing 7.1% of total transactions in 2015 and 7.1% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 14.8 years old in 2015 and 19.9 years old in 2016; +34.3%)
  • A dramatic increase in average distance from the station (representing 12.6 min in 2015 and 17.2 min in 2016; +37.3%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 21.4% of total transactions in 2015 and 57.1% of total transactions in 2016)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 35.7% of total transactions in 2015 and 21.4% of total transactions in 2016)

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 Tsurugi, the highest market value along this railway was 204,444 JPY/sq.m. The market value represents an increase of 199,181 JPY (+3784.6%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Oyanagi, the lowest market value along this railway was 54,838 JPY/sq.m. The market value represents a decrease of 51,828 JPY (-48.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

Hokuriku Railroad Ishikawa Line (Stations Home market overview)
Hokuriku Railroad Ishikawa LineThis year(2016)1 year ago2 years ago
Oshino-177,391 JPY (7.0Y/117.5sq.m)185,185 JPY (13.5Y/280.0sq.m)
Nonoichi124,523 JPY (29.9Y/635.0sq.m)201,878 JPY (20.5Y/518.0sq.m)148,990 JPY (19.0Y/233.3sq.m)
Nonoichikoudaimae175,000 JPY (35.5Y/185.0sq.m)229,302 JPY (13.0Y/495.0sq.m)71,830 JPY (25.7Y/710.0sq.m)
Magae--237,037 JPY (0.5Y/195.0sq.m)
Nukajuutakumae---
Otomaru-146,376 JPY (12.5Y/187.5sq.m)304,010 JPY (10.5Y/195.0sq.m)
Shijima--152,380 JPY (22.5Y/165.0sq.m)
Sodani---
Douhouji113,095 JPY (11.5Y/166.7sq.m)140,888 JPY (9.5Y/150.0sq.m)110,760 JPY (24.0Y/182.5sq.m)
Inokuchi100,000 JPY (21.5Y/200.0sq.m)-81,739 JPY (17.5Y/120.0sq.m)
Oyanagi54,838 JPY (23.5Y/270.0sq.m)106,666 JPY (23.5Y/300.0sq.m)-
Hinomiko-112,000 JPY (17.5Y/210.0sq.m)-
Tsurugi204,444 JPY (13.0Y/226.2sq.m)5,263 JPY (0.0Y/240.0sq.m)208,571 JPY (17.5Y/187.5sq.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

Tsurugi204,444 JPY/sq.m (+3785% compared with the previous year)

The average price of a sq.m Home of Tsurugi was 204,444 JPY/sq.m. The market value represents an increase of 199,181 JPY (+3784.6%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 226.2 sq.m (a -5.7% decrease compared to the 240.0 sq.m of last year.). The average total floor space of the real estate was 91.7 sq.m (a -75.9% decrease compared to the 380.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.0 min in 2015 and 34.2 min in 2016; +280.6%)

Oyanagi54,838 JPY/sq.m (-49% compared with the previous year)

The average price of a sq.m Home of Oyanagi was 54,838 JPY/sq.m. The market value represents a decrease of 51,828 JPY (-48.6%) 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 23.5 years old (a +0.0% increase compared to the 23.5 years old of last year.). The average size of the real estate was 270.0 sq.m (a -10.0% decrease compared to the 300.0 sq.m of last year.). The average total floor space of the real estate was 155.0 sq.m (a +3.3% increase compared to the 150.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2015 and 24.0 min in 2016; -20.0%)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2015 and 100.0% of total transactions in 2016)

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)