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, 2015 to Mar, 2015 was 115,493 JPY/sq.m. The market value represents a decrease of 13,794 JPY (-10.7%) compared to 1 year ago and a transition to a weak market. 141 properties exchanged hands ( The market value represents a decrease of 6 (-4.1%) compared to 1 year ago and a transition to a some market.).

The average age of the real estate was 27.1 years old (a +16.1% increase compared to the 23.3 years old of last year.). The average size of the real estate was 310.9 sq.m (a -14.2% decrease compared to the 362.3 sq.m of last year.). The average total floor space of the real estate was 217.9 sq.m (a -3.5% decrease compared to the 225.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving older buildings over 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. Nonoichi, Kagakasama, Nomineagari, Komatsu station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Komatsu station, where prices have increased +62.8% compared to last year; a sq.m unit now costs 118,816 JPY/sq.m.

The top 2 stations has seen prices increase +59.2% (+46,568 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -52.9% (-38,129 JPY/sq.m).


Cause of price increases

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 0.7% of total transactions in 2014 and 4.0% of total transactions in 2015)
  • An decrease in transactions involving relatively old buildings under 40 years old (representing 51.1% of total transactions in 2014 and 42.9% of total transactions in 2015)

Causes of price decreases

  • An increase in average age of the building (representing 23.3 years old in 2014 and 27.1 years old in 2015; +16.1%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 12.6% of total transactions in 2014 and 26.2% of total transactions in 2015)
  • A some decrease in transactions involving nearly new buildings under 3 years old (representing 18.5% of total transactions in 2014 and 17.5% of total transactions in 2015)

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 184,477 JPY/sq.m. The market value represents an increase of 42,942 JPY (+30.3%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Home of Awadu, the lowest market value along this railway was 24,018 JPY/sq.m. The market value represents a decrease of 15,982 JPY (-40.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) 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(2015)1 year ago2 years ago
Kanazawa128,864 JPY (26.6Y/234.5sq.m)146,521 JPY (23.3Y/277.8sq.m)133,507 JPY (22.9Y/259.7sq.m)
Nishikanazawa122,222 JPY (45.0Y/185.0sq.m)195,315 JPY (12.6Y/169.0sq.m)134,039 JPY (15.3Y/211.7sq.m)
Nonoichi184,477 JPY (23.3Y/422.0sq.m)141,535 JPY (23.6Y/696.0sq.m)119,277 JPY (27.5Y/380.0sq.m)
Mattou77,373 JPY (32.0Y/212.1sq.m)119,254 JPY (22.8Y/578.0sq.m)91,952 JPY (29.0Y/575.0sq.m)
Kagakasama132,308 JPY (24.5Y/465.0sq.m)84,993 JPY (14.5Y/563.3sq.m)72,545 JPY (27.4Y/241.0sq.m)
Mikawa70,833 JPY (13.0Y/100.0sq.m)82,401 JPY (32.1Y/266.7sq.m)51,159 JPY (25.5Y/595.0sq.m)
Komaiko-129,411 JPY (16.0Y/165.0sq.m)-
Nomineagari82,638 JPY (28.2Y/937.5sq.m)62,788 JPY (27.0Y/431.4sq.m)52,100 JPY (25.8Y/728.0sq.m)
Meihou--51,460 JPY (29.0Y/235.0sq.m)
Komatsu118,816 JPY (22.2Y/224.1sq.m)72,993 JPY (28.0Y/532.9sq.m)83,833 JPY (23.3Y/408.3sq.m)
Awadu24,018 JPY (40.0Y/385.0sq.m)40,000 JPY (20.0Y/470.0sq.m)89,064 JPY (31.0Y/337.5sq.m)
Iburihashi--68,571 JPY (15.0Y/100.0sq.m)
Kagaonnsenn68,465 JPY (30.3Y/457.0sq.m)62,106 JPY (26.5Y/581.2sq.m)107,393 JPY (20.3Y/554.4sq.m)
Daishouji31,390 JPY (29.4Y/365.0sq.m)91,666 JPY (21.0Y/520.0sq.m)107,890 JPY (13.7Y/333.3sq.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

Komatsu118,816 JPY/sq.m (+63% compared with the previous year)

The average price of a sq.m Home of Komatsu was 118,816 JPY/sq.m. The market value represents an increase of 45,823 JPY (+62.8%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents an increase of 4 (+57.1%) 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 -20.9% decrease compared to the 28.0 years old of last year.). The average size of the real estate was 224.1 sq.m (a -57.9% decrease compared to the 532.9 sq.m of last year.). The average total floor space of the real estate was 137.8 sq.m (a -42.4% decrease compared to the 239.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 28.0 years old in 2014 and 22.2 years old in 2015; -20.9%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 57.1% of total transactions in 2014 and 42.9% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 24.1 min in 2014 and 29.0 min in 2015; +20.1%)

Kagakasama132,308 JPY/sq.m (+56% compared with the previous year)

The average price of a sq.m Home of Kagakasama was 132,308 JPY/sq.m. The market value represents an increase of 47,314 JPY (+55.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 24.5 years old (a +69.0% increase compared to the 14.5 years old of last year.). The average size of the real estate was 465.0 sq.m (a -17.5% decrease compared to the 563.3 sq.m of last year.). The average total floor space of the real estate was 232.5 sq.m (a -44.9% decrease compared to the 421.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 14.5 years old in 2014 and 24.5 years old in 2015; +69.0%)

Daishouji31,390 JPY/sq.m (-66% compared with the previous year)

The average price of a sq.m Home of Daishouji was 31,390 JPY/sq.m. The market value represents a decrease of 60,276 JPY (-65.8%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 29.4 years old (a +39.7% increase compared to the 21.0 years old of last year.). The average size of the real estate was 365.0 sq.m (a -29.8% decrease compared to the 520.0 sq.m of last year.). The average total floor space of the real estate was 91.2 sq.m (a -24.0% decrease compared to the 120.0 sq.m of last year.).

Cause of price increases

  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2014 and 100.0% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 21.0 years old in 2014 and 29.4 years old in 2015; +39.7%)
  • A dramatic increase in average distance from the station (representing 30.0 min in 2014 and 60.0 min in 2015; +100.0%)

Awadu24,018 JPY/sq.m (-40% compared with the previous year)

The average price of a sq.m Home of Awadu was 24,018 JPY/sq.m. The market value represents a decrease of 15,982 JPY (-40.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 40.0 years old (a +100.0% increase compared to the 20.0 years old of last year.). The average size of the real estate was 385.0 sq.m (a -18.1% decrease compared to the 470.0 sq.m of last year.). The average total floor space of the real estate was 172.5 sq.m (a +91.7% increase compared to the 90.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 120.0 min in 2014 and 21.0 min in 2015; -82.5%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2014 and 50.0% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 20.0 years old in 2014 and 40.0 years old in 2015; +100.0%)

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)