Hokuriku Railroad Ishikawa Line railway market report

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 Dec, 2016 was 149,021 JPY/sq.m. The market value represents a decrease of 10,925 JPY (-6.8%) compared to 1 year ago and a transition to a bear market. 64 properties exchanged hands ( The market value represents an increase of 11 (+20.8%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 22.7 years old (a +31.6% increase compared to the 17.2 years old of last year.). The average size of the real estate was 312.0 sq.m (a -0.4% decrease compared to the 313.1 sq.m of last year.). The average total floor space of the real estate was 207.1 sq.m (a +21.1% 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; 6 stations have experienced decreased prices. Market value of most stations decreased. 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 +64.6% compared to last year; a sq.m unit now costs 121,085 JPY/sq.m.

The top 2 stations has seen prices increase +46.2% (+36,043 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -61.2% (-119,454 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 25.3 min in 2015 and 16.7 min in 2016; -33.9%)
  • 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 14.1% 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 22.7 years old in 2016; +31.6%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 28.9% of total transactions in 2015 and 46.6% 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 17.2% 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:

※各年ごとの取引件数の割合が高いセグメントほど赤く表示

Top

Home stations market overview

The average price of a sq.m Home of Oshino, the highest market value along this railway was 213,154 JPY/sq.m. The market value represents an increase of 11,959 JPY (+5.9%) compared to 1 year ago and a transition to a strong market. 4 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Home of Nukajuutakumae, the lowest market value along this railway was 31,428 JPY/sq.m. The market value represents a decrease of 138,572 JPY (-81.5%) 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
Oshino213,154 JPY (11.9Y/236.2sq.m)201,196 JPY (6.2Y/168.8sq.m)155,959 JPY (10.5Y/316.2sq.m)
Nonoichi171,077 JPY (22.6Y/590.9sq.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)
Magae164,634 JPY (25.3Y/285.7sq.m)162,500 JPY (27.1Y/491.7sq.m)180,247 JPY (7.9Y/180.0sq.m)
Nukajuutakumae31,428 JPY (42.8Y/165.0sq.m)170,000 JPY (37.8Y/135.0sq.m)135,674 JPY (24.1Y/159.0sq.m)
Otomaru204,200 JPY (17.3Y/164.2sq.m)203,862 JPY (12.8Y/185.8sq.m)276,541 JPY (3.8Y/187.5sq.m)
Shijima150,222 JPY (24.9Y/153.8sq.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)
Inokuchi106,719 JPY (26.7Y/200.7sq.m)-75,799 JPY (24.5Y/165.0sq.m)
Oyanagi61,630 JPY (24.1Y/200.0sq.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)
Tsurugi121,085 JPY (23.0Y/208.6sq.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

Tsurugi121,085 JPY/sq.m (+65% compared with the previous year)

The average price of a sq.m Home of Tsurugi was 121,085 JPY/sq.m. The market value represents an increase of 47,538 JPY (+64.6%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 1 (-12.5%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 23.0 years old (a +14.7% increase compared to the 20.1 years old of last year.). The average size of the real estate was 208.6 sq.m (a -56.8% decrease compared to the 483.1 sq.m of last year.). The average total floor space of the real estate was 100.0 sq.m (a -58.5% 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 35.9 min in 2016; -59.0%)

Causes of price decreases

  • An increase in average age of the building (representing 20.1 years old in 2015 and 23.0 years old in 2016; +14.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 20.0% of total transactions in 2015 and 28.6% of total transactions in 2016)

Douhouji113,095 JPY/sq.m (+28% compared with the previous year)

The average price of a sq.m Home of Douhouji was 113,095 JPY/sq.m. The market value represents an increase of 24,548 JPY (+27.7%) 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 11.5 years old (a -41.5% decrease compared to the 19.7 years old of last year.). The average size of the real estate was 166.7 sq.m (a +7.5% increase compared to the 155.0 sq.m of last year.). The average total floor space of the real estate was 122.5 sq.m (a +27.3% increase compared to the 96.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 19.7 years old in 2015 and 11.5 years old in 2016; -41.5%)
  • A dramatic decrease in average distance from the station (representing 18.0 min in 2015 and 11.0 min in 2016; -38.9%)

Causes of price decreases

  • A slight decrease in transactions involving nearly new buildings under 3 years old (representing 33.3% of total transactions in 2015 and 33.3% of total transactions in 2016)

Nukajuutakumae31,428 JPY/sq.m (-82% compared with the previous year)

The average price of a sq.m Home of Nukajuutakumae was 31,428 JPY/sq.m. The market value represents a decrease of 138,572 JPY (-81.5%) 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 42.8 years old (a +13.2% increase compared to the 37.8 years old of last year.). The average size of the real estate was 165.0 sq.m (a +22.2% increase compared to the 135.0 sq.m of last year.). The average total floor space of the real estate was 105.0 sq.m (a +5.0% increase compared to the 100.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 10.0 min in 2015 and 8.0 min in 2016; -20.0%)

Causes of price decreases

  • An increase in average age of the building (representing 37.8 years old in 2015 and 42.8 years old in 2016; +13.2%)

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:

Top

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)