JR Hokuriku Main Line Home market overview

The average price of a sq.m Home of JR Hokuriku Main Line (Kanazawa to Daishouji), in Apr, 2013 to Jun, 2013 was 144,203 JPY/sq.m. The market value represents an increase of 28,234 JPY (+24.3%) compared to 1 year ago and a transition to a dramatic market. 187 properties exchanged hands ( The market value represents an increase of 32 (+20.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 22.2 years old (a -1.7% decrease compared to the 22.6 years old of last year.). The average size of the real estate was 299.8 sq.m (a -6.8% decrease compared to the 321.7 sq.m of last year.). The average total floor space of the real estate was 196.7 sq.m (a -8.5% decrease compared to the 215.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving nearly new buildings under 3 years old, as well as a dramatic decrease in transactions involving relatively new buildings under 20 years old.

6 stations have experienced increased prices; 4 stations have experienced decreased prices. The overall trend was the same as last year. Kanazawa, Kagakasama station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Mikawa station, where prices have increased +240.9% compared to last year; a sq.m unit now costs 79,942 JPY/sq.m.

The top 2 stations has seen prices increase +182.8% (+82,786 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -55.0% (-61,798 JPY/sq.m).


Cause of price increases

  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 15.1% of total transactions in 2012 and 21.6% of total transactions in 2013)
  • A some increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.6% of total transactions in 2012 and 2.7% of total transactions in 2013)

Causes of price decreases

  • An increase in transactions involving older buildings over 40 years old (representing 13.7% of total transactions in 2012 and 15.9% of total transactions in 2013)
  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 2.1% of total transactions in 2012 and 1.1% of total transactions in 2013)

Breakdown of each segment

The table below shows Home dealt in JR Hokuriku Main 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 Mattou, the highest market value along this railway was 196,560 JPY/sq.m. The market value represents an increase of 109,083 JPY (+124.7%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 5 (-41.7%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Daishouji, the lowest market value along this railway was 18,612 JPY/sq.m. The market value represents a decrease of 45,024 JPY (-70.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Hokuriku Main Line (Stations Home market overview)
JR Hokuriku Main LineThis year(2013)1 year ago2 years ago
Kanazawa170,433 JPY (22.6Y/286.1sq.m)135,642 JPY (21.6Y/319.8sq.m)117,966 JPY (24.1Y/195.6sq.m)
Nishikanazawa121,428 JPY (15.3Y/155.0sq.m)200,000 JPY (6.3Y/160.0sq.m)155,714 JPY (18.3Y/175.0sq.m)
Nonoichi127,292 JPY (19.8Y/283.8sq.m)--
Mattou196,560 JPY (12.0Y/215.0sq.m)87,477 JPY (24.7Y/277.1sq.m)117,857 JPY (19.6Y/1100.0sq.m)
Kagakasama127,361 JPY (20.6Y/390.0sq.m)70,000 JPY (28.3Y/112.5sq.m)112,692 JPY (16.3Y/1105.0sq.m)
Mikawa79,942 JPY (18.7Y/254.0sq.m)23,452 JPY (45.3Y/175.0sq.m)85,576 JPY (24.8Y/137.5sq.m)
Komaiko--40,856 JPY (28.3Y/675.0sq.m)
Nomineagari88,642 JPY (20.9Y/300.0sq.m)111,453 JPY (23.1Y/469.2sq.m)60,502 JPY (23.3Y/545.0sq.m)
Meihou---
Komatsu88,852 JPY (22.0Y/330.3sq.m)39,767 JPY (38.4Y/334.2sq.m)82,808 JPY (32.4Y/739.0sq.m)
Awadu-43,888 JPY (18.3Y/160.0sq.m)77,495 JPY (17.1Y/823.0sq.m)
Iburihashi52,343 JPY (38.8Y/760.0sq.m)84,862 JPY (13.3Y/1033.8sq.m)-
Kagaonnsenn61,713 JPY (23.9Y/250.6sq.m)53,864 JPY (18.6Y/267.9sq.m)45,348 JPY (26.9Y/318.8sq.m)
Daishouji18,612 JPY (40.6Y/448.3sq.m)63,636 JPY (33.3Y/370.0sq.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

Mikawa79,942 JPY/sq.m (+241% compared with the previous year)

The average price of a sq.m Home of Mikawa was 79,942 JPY/sq.m. The market value represents an increase of 56,490 JPY (+240.9%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 18.7 years old (a -58.8% decrease compared to the 45.3 years old of last year.). The average size of the real estate was 254.0 sq.m (a +45.1% increase compared to the 175.0 sq.m of last year.). The average total floor space of the real estate was 186.0 sq.m (a +28.3% increase compared to the 145.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 45.3 years old in 2012 and 18.7 years old in 2013; -58.8%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 3.0 min in 2012 and 23.4 min in 2013; +680.0%)

Mattou196,560 JPY/sq.m (+125% compared with the previous year)

The average price of a sq.m Home of Mattou was 196,560 JPY/sq.m. The market value represents an increase of 109,083 JPY (+124.7%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 5 (-41.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 12.0 years old (a -51.5% decrease compared to the 24.7 years old of last year.). The average size of the real estate was 215.0 sq.m (a -22.4% decrease compared to the 277.1 sq.m of last year.). The average total floor space of the real estate was 107.9 sq.m (a -38.2% decrease compared to the 174.6 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 24.7 years old in 2012 and 12.0 years old in 2013; -51.5%)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2012 and 42.9% of total transactions in 2013)

Daishouji18,612 JPY/sq.m (-71% compared with the previous year)

The average price of a sq.m Home of Daishouji was 18,612 JPY/sq.m. The market value represents a decrease of 45,024 JPY (-70.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 40.6 years old (a +22.0% increase compared to the 33.3 years old of last year.). The average size of the real estate was 448.3 sq.m (a +21.2% increase compared to the 370.0 sq.m of last year.). The average total floor space of the real estate was 328.3 sq.m (a +49.2% increase compared to the 220.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2012 and 66.7% of total transactions in 2013)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 33.3 years old in 2012 and 40.6 years old in 2013; +22.0%)
  • A dramatic increase in average distance from the station (representing 7.0 min in 2012 and 20.0 min in 2013; +185.7%)

Nishikanazawa121,428 JPY/sq.m (-39% compared with the previous year)

The average price of a sq.m Home of Nishikanazawa was 121,428 JPY/sq.m. The market value represents a decrease of 78,572 JPY (-39.3%) 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 15.3 years old (a +143.9% increase compared to the 6.3 years old of last year.). The average size of the real estate was 155.0 sq.m (a -3.1% decrease compared to the 160.0 sq.m of last year.). The average total floor space of the real estate was 140.0 sq.m (a +16.7% increase compared to the 120.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 8.0 min in 2012 and 5.0 min in 2013; -37.5%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 6.3 years old in 2012 and 15.3 years old in 2013; +143.9%)

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)