JR Hokuriku Main Line Home market overview

The average price of a sq.m Home of JR Hokuriku Main Line (Kanazawa to Daishouji), in Jan, 2014 to Dec, 2014 was 118,523 JPY/sq.m. The market value represents a decrease of 7,596 JPY (-6.0%) compared to 1 year ago and a transition to a bear market. 620 properties exchanged hands ( The market value represents a decrease of 83 (-11.8%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 24.9 years old (a +7.4% increase compared to the 23.2 years old of last year.). The average size of the real estate was 320.3 sq.m (a +2.2% increase compared to the 313.4 sq.m of last year.). The average total floor space of the real estate was 217.5 sq.m (a +1.3% increase compared to the 214.6 sq.m of last year.).

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

6 stations have experienced increased prices; 7 stations have experienced decreased prices. The overall trend was the same as last year. Nishikanazawa, Meihou, Iburihashi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Iburihashi station, where prices have increased +78.4% compared to last year; a sq.m unit now costs 94,965 JPY/sq.m.

The top 2 stations has seen prices increase +68.9% (+55,448 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -25.5% (-15,316 JPY/sq.m).


Causes of price decreases

  • An increase in transactions involving relatively old buildings under 40 years old (representing 41.9% of total transactions in 2013 and 48.5% of total transactions in 2014)
  • An decrease in transactions involving nearly new buildings under 3 years old (representing 19.3% of total transactions in 2013 and 17.1% of total transactions in 2014)

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 Nishikanazawa, the highest market value along this railway was 185,573 JPY/sq.m. The market value represents an increase of 69,151 JPY (+59.4%) compared to 1 year ago and a transition to a dramatic market. 19 properties exchanged hands ( The market value represents an increase of 9 (+90.0%) 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 36,540 JPY/sq.m. The market value represents a decrease of 13,856 JPY (-27.5%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands (It was the same as last year.).

JR Hokuriku Main Line (Stations Home market overview)
JR Hokuriku Main LineThis year(2014)1 year ago2 years ago
Kanazawa132,405 JPY (24.6Y/262.6sq.m)140,496 JPY (23.2Y/266.7sq.m)131,515 JPY (21.5Y/264.3sq.m)
Nishikanazawa185,573 JPY (12.1Y/165.0sq.m)116,422 JPY (20.3Y/151.0sq.m)175,570 JPY (8.1Y/136.8sq.m)
Nonoichi150,330 JPY (22.4Y/386.1sq.m)144,007 JPY (22.4Y/389.4sq.m)161,871 JPY (17.9Y/444.2sq.m)
Mattou121,115 JPY (22.3Y/472.1sq.m)130,240 JPY (24.5Y/511.9sq.m)105,197 JPY (23.6Y/302.0sq.m)
Kagakasama80,984 JPY (28.2Y/364.3sq.m)105,284 JPY (21.0Y/259.4sq.m)83,369 JPY (24.0Y/314.7sq.m)
Mikawa75,739 JPY (35.2Y/387.8sq.m)74,413 JPY (23.7Y/551.8sq.m)118,714 JPY (23.2Y/340.7sq.m)
Komaiko85,918 JPY (21.6Y/157.5sq.m)-144,000 JPY (11.0Y/290.0sq.m)
Nomineagari70,374 JPY (28.4Y/414.4sq.m)89,337 JPY (20.5Y/450.2sq.m)95,543 JPY (22.0Y/383.0sq.m)
Meihou67,618 JPY (28.3Y/230.0sq.m)48,085 JPY (31.9Y/672.5sq.m)59,969 JPY (25.3Y/642.5sq.m)
Komatsu71,569 JPY (27.5Y/465.2sq.m)79,229 JPY (23.0Y/407.9sq.m)79,533 JPY (27.5Y/339.3sq.m)
Awadu36,540 JPY (26.3Y/583.3sq.m)50,396 JPY (33.1Y/417.5sq.m)108,430 JPY (23.1Y/630.0sq.m)
Iburihashi94,965 JPY (26.4Y/830.0sq.m)53,221 JPY (25.2Y/523.8sq.m)80,209 JPY (13.5Y/871.0sq.m)
Kagaonnsenn54,825 JPY (29.1Y/442.0sq.m)71,600 JPY (25.1Y/433.7sq.m)56,446 JPY (22.9Y/223.7sq.m)
Daishouji59,653 JPY (26.1Y/469.1sq.m)52,826 JPY (27.8Y/363.9sq.m)69,186 JPY (24.8Y/431.9sq.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

Iburihashi94,965 JPY/sq.m (+78% compared with the previous year)

The average price of a sq.m Home of Iburihashi was 94,965 JPY/sq.m. The market value represents an increase of 41,744 JPY (+78.4%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 4 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 26.4 years old (a +4.6% increase compared to the 25.2 years old of last year.). The average size of the real estate was 830.0 sq.m (a +58.5% increase compared to the 523.8 sq.m of last year.). The average total floor space of the real estate was 197.5 sq.m (a -13.4% decrease compared to the 228.1 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 25.5 min in 2013 and 22.8 min in 2014; -10.8%)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 16.7% of total transactions in 2013 and 33.3% of total transactions in 2014)

Nishikanazawa185,573 JPY/sq.m (+59% compared with the previous year)

The average price of a sq.m Home of Nishikanazawa was 185,573 JPY/sq.m. The market value represents an increase of 69,151 JPY (+59.4%) compared to 1 year ago and a transition to a dramatic market. 19 properties exchanged hands ( The market value represents an increase of 9 (+90.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 12.1 years old (a -40.2% decrease compared to the 20.3 years old of last year.). The average size of the real estate was 165.0 sq.m (a +9.3% increase compared to the 151.0 sq.m of last year.). The average total floor space of the real estate was 153.1 sq.m (a +4.8% increase compared to the 146.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 20.3 years old in 2013 and 12.1 years old in 2014; -40.2%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 20.0% of total transactions in 2013 and 37.5% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.9 min in 2013 and 14.7 min in 2014; +65.0%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 20.0% of total transactions in 2013 and 37.5% of total transactions in 2014)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 10.0% of total transactions in 2013 and 5.3% of total transactions in 2014)

Awadu36,540 JPY/sq.m (-27% compared with the previous year)

The average price of a sq.m Home of Awadu was 36,540 JPY/sq.m. The market value represents a decrease of 13,856 JPY (-27.5%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 26.3 years old (a -20.5% decrease compared to the 33.1 years old of last year.). The average size of the real estate was 583.3 sq.m (a +39.7% increase compared to the 417.5 sq.m of last year.). The average total floor space of the real estate was 315.8 sq.m (a -0.5% decrease compared to the 317.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 33.1 years old in 2013 and 26.3 years old in 2014; -20.5%)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 80.0% of total transactions in 2013 and 80.0% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 20.5 min in 2013 and 41.3 min in 2014; +101.6%)

Kagaonnsenn54,825 JPY/sq.m (-23% compared with the previous year)

The average price of a sq.m Home of Kagaonnsenn was 54,825 JPY/sq.m. The market value represents a decrease of 16,775 JPY (-23.4%) compared to 1 year ago and a transition to a dramatic market. 30 properties exchanged hands ( The market value represents an increase of 4 (+15.4%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 29.1 years old (a +15.9% increase compared to the 25.1 years old of last year.). The average size of the real estate was 442.0 sq.m (a +1.9% increase compared to the 433.7 sq.m of last year.). The average total floor space of the real estate was 365.5 sq.m (a +55.7% increase compared to the 234.8 sq.m of last year.).

Causes of price decreases

  • An increase in average age of the building (representing 25.1 years old in 2013 and 29.1 years old in 2014; +15.9%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 8.0% of total transactions in 2013 and 14.8% of total transactions in 2014)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 52.0% of total transactions in 2013 and 59.3% of total transactions in 2014)

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)