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, 2016 to Sep, 2016 was 147,048 JPY/sq.m. The market value represents a decrease of 12,898 JPY (-8.1%) compared to 1 year ago and a transition to a bear market. 48 properties exchanged hands ( The market value represents a decrease of 5 (-9.4%) compared to 1 year ago and a transition to a bear market.).

The average age of the real estate was 23.1 years old (a +34.1% increase compared to the 17.2 years old of last year.). The average size of the real estate was 363.1 sq.m (a +16.0% increase compared to the 313.1 sq.m of last year.). The average total floor space of the real estate was 239.4 sq.m (a +40.0% increase compared to the 171.0 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 total floor space for a general family households less than 100 sq.m.

5 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Magae, Douhouji, 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 +95.4% compared to last year; a sq.m unit now costs 143,702 JPY/sq.m.

The top 2 stations has seen prices increase +64.1% (+61,714 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -43.7% (-74,043 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 25.3 min in 2015 and 17.1 min in 2016; -32.2%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 9.4% of total transactions in 2015 and 18.8% of total transactions in 2016)
  • An increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 1.9% of total transactions in 2015 and 2.1% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 17.2 years old in 2015 and 23.1 years old in 2016; +34.1%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 28.9% of total transactions in 2015 and 51.2% of total transactions in 2016)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 11.1% of total transactions in 2015 and 16.3% 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 Oshino, the highest market value along this railway was 219,444 JPY/sq.m. The market value represents an increase of 18,248 JPY (+9.1%) compared to 1 year ago and a transition to a strong 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 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 47,752 JPY (-46.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) 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(2016)1 year ago2 years ago
Oshino219,444 JPY (11.1Y/330.0sq.m)201,196 JPY (6.2Y/168.8sq.m)155,959 JPY (10.5Y/316.2sq.m)
Nonoichi155,788 JPY (24.5Y/618.3sq.m)194,385 JPY (19.4Y/416.7sq.m)150,330 JPY (22.4Y/386.1sq.m)
Nonoichikoudaimae145,513 JPY (26.6Y/175.0sq.m)245,848 JPY (5.9Y/308.0sq.m)110,457 JPY (22.3Y/478.8sq.m)
Magae215,774 JPY (28.2Y/403.3sq.m)162,500 JPY (27.1Y/491.7sq.m)180,247 JPY (7.9Y/180.0sq.m)
Nukajuutakumae-170,000 JPY (37.8Y/135.0sq.m)135,674 JPY (24.1Y/159.0sq.m)
Otomaru212,411 JPY (15.9Y/181.2sq.m)203,862 JPY (12.8Y/185.8sq.m)276,541 JPY (3.8Y/187.5sq.m)
Shijima150,000 JPY (34.3Y/182.5sq.m)159,432 JPY (24.7Y/138.3sq.m)180,538 JPY (11.6Y/155.0sq.m)
Sodani85,000 JPY (35.3Y/215.0sq.m)-224,432 JPY (0.8Y/250.0sq.m)
Douhouji113,095 JPY (11.5Y/166.7sq.m)88,547 JPY (19.7Y/155.0sq.m)134,732 JPY (13.4Y/176.9sq.m)
Inokuchi67,852 JPY (31.3Y/211.0sq.m)-75,799 JPY (24.5Y/165.0sq.m)
Oyanagi54,838 JPY (23.5Y/270.0sq.m)102,590 JPY (18.6Y/297.5sq.m)109,477 JPY (24.4Y/188.8sq.m)
Hinomiko106,666 JPY (28.8Y/540.0sq.m)112,000 JPY (17.5Y/210.0sq.m)111,111 JPY (17.8Y/200.0sq.m)
Tsurugi143,702 JPY (18.2Y/222.5sq.m)73,547 JPY (20.1Y/483.1sq.m)121,023 JPY (29.1Y/193.0sq.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

Tsurugi143,702 JPY/sq.m (+95% compared with the previous year)

The average price of a sq.m Home of Tsurugi was 143,702 JPY/sq.m. The market value represents an increase of 70,155 JPY (+95.4%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 2 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 18.2 years old (a -9.2% decrease compared to the 20.1 years old of last year.). The average size of the real estate was 222.5 sq.m (a -53.9% decrease compared to the 483.1 sq.m of last year.). The average total floor space of the real estate was 85.0 sq.m (a -64.7% decrease compared to the 240.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 87.4 min in 2015 and 40.3 min in 2016; -53.8%)
  • An decrease in transactions involving older buildings over 40 years old (representing 20.0% of total transactions in 2015 and 16.7% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 20.0% of total transactions in 2015 and 33.3% of total transactions in 2016)

Magae215,774 JPY/sq.m (+33% compared with the previous year)

The average price of a sq.m Home of Magae was 215,774 JPY/sq.m. The market value represents an increase of 53,274 JPY (+32.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 28.2 years old (a +4.0% increase compared to the 27.1 years old of last year.). The average size of the real estate was 403.3 sq.m (a -18.0% decrease compared to the 491.7 sq.m of last year.). The average total floor space of the real estate was 128.3 sq.m (a +25.2% increase compared to the 102.5 sq.m of last year.).

Oyanagi54,838 JPY/sq.m (-47% 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 47,752 JPY (-46.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 23.5 years old (a +26.6% increase compared to the 18.6 years old of last year.). The average size of the real estate was 270.0 sq.m (a -9.2% decrease compared to the 297.5 sq.m of last year.). The average total floor space of the real estate was 155.0 sq.m (a +0.8% increase compared to the 153.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.6 years old in 2015 and 23.5 years old in 2016; +26.6%)
  • An increase in average distance from the station (representing 20.5 min in 2015 and 24.0 min in 2016; +17.1%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 75.0% of total transactions in 2015 and 100.0% of total transactions in 2016)

Nonoichikoudaimae145,513 JPY/sq.m (-41% compared with the previous year)

The average price of a sq.m Home of Nonoichikoudaimae was 145,513 JPY/sq.m. The market value represents a decrease of 100,335 JPY (-40.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 26.6 years old (a +350.4% increase compared to the 5.9 years old of last year.). The average size of the real estate was 175.0 sq.m (a -43.2% decrease compared to the 308.0 sq.m of last year.). The average total floor space of the real estate was 130.0 sq.m (a -18.8% decrease compared to the 160.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 7.8 min in 2015 and 5.0 min in 2016; -35.9%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 5.9 years old in 2015 and 26.6 years old in 2016; +350.4%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 20.0% of total transactions in 2015 and 33.3% 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)