JR Hokuriku Main Line Home market overview

The average price of a sq.m Home of JR Hokuriku Main Line (Kanazawa to Daishouji), in Oct, 2013 to Dec, 2013 was 119,400 JPY/sq.m. The market value represents a decrease of 3,725 JPY (-3.0%) compared to 1 year ago and a transition to a some market. 171 properties exchanged hands ( The market value represents a decrease of 24 (-12.3%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 24.3 years old (a +8.1% increase compared to the 22.5 years old of last year.). The average size of the real estate was 330.4 sq.m (a +26.6% increase compared to the 261.0 sq.m of last year.). The average total floor space of the real estate was 233.0 sq.m (a +17.4% increase compared to the 198.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large total floor space more than 200 sq.m, as well as a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

4 stations have experienced increased prices; 8 stations have experienced decreased prices. Market value of most stations decreased. Mattou, Kagakasama station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Kagakasama station, where prices have increased +19.3% compared to last year; a sq.m unit now costs 106,102 JPY/sq.m.

The top 2 stations has seen prices increase +16.6% (+14,964 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -69.0% (-119,746 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 0.5% of total transactions in 2012 and 2.9% of total transactions in 2013)
  • An increase in transactions involving nearly new buildings under 3 years old (representing 15.2% of total transactions in 2012 and 16.9% of total transactions in 2013)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 12.4% of total transactions in 2012 and 15.6% of total transactions in 2013)
  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 1.1% of total transactions in 2012 and 0.6% 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 Nonoichi, the highest market value along this railway was 174,953 JPY/sq.m. The market value represents a decrease of 21,699 JPY (-11.0%) compared to 1 year ago and a transition to a weak market. 8 properties exchanged hands ( The market value represents an increase of 5 (+166.7%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Awadu, the lowest market value along this railway was 31,062 JPY/sq.m. The market value represents a decrease of 83,540 JPY (-72.9%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) 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
Kanazawa135,208 JPY (23.6Y/276.0sq.m)132,024 JPY (21.2Y/200.1sq.m)147,680 JPY (21.0Y/222.1sq.m)
Nishikanazawa83,333 JPY (44.8Y/95.0sq.m)239,286 JPY (0.3Y/157.5sq.m)109,094 JPY (14.4Y/161.7sq.m)
Nonoichi174,953 JPY (21.0Y/479.4sq.m)196,652 JPY (23.8Y/796.7sq.m)157,360 JPY (11.4Y/158.3sq.m)
Mattou105,060 JPY (28.1Y/486.5sq.m)92,262 JPY (29.5Y/440.0sq.m)195,216 JPY (9.8Y/206.7sq.m)
Kagakasama106,102 JPY (18.4Y/246.7sq.m)88,974 JPY (26.5Y/221.7sq.m)97,657 JPY (17.8Y/540.8sq.m)
Mikawa110,777 JPY (24.4Y/890.0sq.m)208,095 JPY (18.1Y/453.3sq.m)36,842 JPY (34.8Y/80.0sq.m)
Komaiko--82,545 JPY (13.3Y/245.0sq.m)
Nomineagari114,532 JPY (15.5Y/370.0sq.m)114,080 JPY (22.3Y/350.0sq.m)129,874 JPY (17.1Y/623.3sq.m)
Meihou41,333 JPY (37.8Y/220.0sq.m)68,526 JPY (25.8Y/806.7sq.m)28,125 JPY (41.8Y/230.0sq.m)
Komatsu59,095 JPY (23.0Y/385.4sq.m)67,711 JPY (24.5Y/451.7sq.m)52,558 JPY (27.5Y/267.1sq.m)
Awadu31,062 JPY (34.5Y/457.5sq.m)114,602 JPY (25.5Y/412.0sq.m)50,000 JPY (20.8Y/300.0sq.m)
Iburihashi---
Kagaonnsenn40,695 JPY (26.9Y/555.0sq.m)67,296 JPY (24.6Y/192.5sq.m)20,000 JPY (39.8Y/125.0sq.m)
Daishouji33,571 JPY (24.3Y/365.0sq.m)47,619 JPY (0.0Y/320.0sq.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

Kagakasama106,102 JPY/sq.m (+19% compared with the previous year)

The average price of a sq.m Home of Kagakasama was 106,102 JPY/sq.m. The market value represents an increase of 17,129 JPY (+19.3%) compared to 1 year ago and a transition to a bull market. 3 properties exchanged hands ( The market value represents a decrease of 3 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 18.4 years old (a -30.4% decrease compared to the 26.5 years old of last year.). The average size of the real estate was 246.7 sq.m (a +11.3% increase compared to the 221.7 sq.m of last year.). The average total floor space of the real estate was 145.0 sq.m (a +9.4% increase compared to the 132.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 26.5 years old in 2012 and 18.4 years old in 2013; -30.4%)
  • An decrease in average distance from the station (representing 18.3 min in 2012 and 15.0 min in 2013; -18.2%)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2012 and 33.3% of total transactions in 2013)

Mattou105,060 JPY/sq.m (+14% compared with the previous year)

The average price of a sq.m Home of Mattou was 105,060 JPY/sq.m. The market value represents an increase of 12,799 JPY (+13.9%) compared to 1 year ago and a transition to a bull market. 10 properties exchanged hands ( The market value represents a decrease of 3 (-23.1%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 28.1 years old (a -4.6% decrease compared to the 29.5 years old of last year.). The average size of the real estate was 486.5 sq.m (a +10.6% increase compared to the 440.0 sq.m of last year.). The average total floor space of the real estate was 267.5 sq.m (a -5.6% decrease compared to the 283.5 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 26.1 min in 2012 and 23.1 min in 2013; -11.4%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 25.0% of total transactions in 2012 and 11.1% of total transactions in 2013)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2012 and 66.7% of total transactions in 2013)

Awadu31,062 JPY/sq.m (-73% compared with the previous year)

The average price of a sq.m Home of Awadu was 31,062 JPY/sq.m. The market value represents a decrease of 83,540 JPY (-72.9%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 34.5 years old (a +35.2% increase compared to the 25.5 years old of last year.). The average size of the real estate was 457.5 sq.m (a +11.0% increase compared to the 412.0 sq.m of last year.). The average total floor space of the real estate was 412.5 sq.m (a +258.7% increase compared to the 115.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 27.2 min in 2012 and 19.8 min in 2013; -27.4%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 25.5 years old in 2012 and 34.5 years old in 2013; +35.2%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2012 and 66.7% of total transactions in 2013)

Nishikanazawa83,333 JPY/sq.m (-65% compared with the previous year)

The average price of a sq.m Home of Nishikanazawa was 83,333 JPY/sq.m. The market value represents a decrease of 155,952 JPY (-65.2%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 44.8 years old (a +17571.4% increase compared to the 0.3 years old of last year.). The average size of the real estate was 95.0 sq.m (a -39.7% decrease compared to the 157.5 sq.m of last year.). The average total floor space of the real estate was 60.0 sq.m (a -41.5% decrease compared to the 102.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 14.0 min in 2012 and 8.0 min in 2013; -42.9%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 0.3 years old in 2012 and 44.8 years old in 2013; +17571.4%)

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)