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, 2015 to Dec, 2015 was 125,534 JPY/sq.m. The market value represents an increase of 9,982 JPY (+8.6%) compared to 1 year ago and a transition to a strong market. 132 properties exchanged hands ( The market value represents a decrease of 14 (-9.6%) compared to 1 year ago and a transition to a bear market.).

The average age of the real estate was 26.9 years old (a +3.4% increase compared to the 26.0 years old of last year.). The average size of the real estate was 295.7 sq.m (a +2.5% increase compared to the 288.6 sq.m of last year.). The average total floor space of the real estate was 216.6 sq.m (a +1.5% increase compared to the 213.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance, as well as a dramatic increase in transactions involving older buildings over 40 years old.

5 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Mattou, Meihou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Awadu station, where prices have increased +186.1% compared to last year; a sq.m unit now costs 40,920 JPY/sq.m.

The top 2 stations has seen prices increase +123.7% (+34,045 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -52.5% (-73,055 JPY/sq.m).


Cause of price increases

  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 11.8% of total transactions in 2014 and 14.9% of total transactions in 2015)
  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 48.8% of total transactions in 2014 and 45.6% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 18.1% of total transactions in 2014 and 21.9% 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 Mattou, the highest market value along this railway was 159,057 JPY/sq.m. The market value represents an increase of 34,797 JPY (+28.0%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 1 (+12.5%) compared to 1 year ago and a transition to a bull market.).

The average price of a sq.m Home of Kagaonnsenn, the lowest market value along this railway was 38,072 JPY/sq.m. The market value represents a decrease of 35,959 JPY (-48.6%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands (It was the same as last year.).

JR Hokuriku Main Line (Stations Home market overview)
JR Hokuriku Main LineThis year(2015)1 year ago2 years ago
Kanazawa144,087 JPY (25.7Y/256.5sq.m)122,491 JPY (26.5Y/236.8sq.m)135,208 JPY (23.6Y/276.0sq.m)
Nishikanazawa85,077 JPY (34.5Y/101.2sq.m)195,228 JPY (11.8Y/140.0sq.m)83,333 JPY (44.8Y/95.0sq.m)
Nonoichi-216,666 JPY (8.8Y/183.3sq.m)174,953 JPY (21.0Y/479.4sq.m)
Mattou159,057 JPY (27.7Y/515.0sq.m)124,260 JPY (21.1Y/533.1sq.m)105,060 JPY (28.1Y/486.5sq.m)
Kagakasama-58,823 JPY (30.8Y/200.0sq.m)106,102 JPY (18.4Y/246.7sq.m)
Mikawa39,864 JPY (18.3Y/135.0sq.m)72,831 JPY (37.1Y/246.7sq.m)110,777 JPY (24.4Y/890.0sq.m)
Komaiko---
Nomineagari--114,532 JPY (15.5Y/370.0sq.m)
Meihou109,090 JPY (9.8Y/220.0sq.m)67,618 JPY (28.3Y/230.0sq.m)41,333 JPY (37.8Y/220.0sq.m)
Komatsu59,309 JPY (29.3Y/302.0sq.m)53,771 JPY (29.9Y/588.3sq.m)59,095 JPY (23.0Y/385.4sq.m)
Awadu40,920 JPY (41.8Y/370.0sq.m)14,302 JPY (34.8Y/510.0sq.m)31,062 JPY (34.5Y/457.5sq.m)
Iburihashi47,826 JPY (42.8Y/490.0sq.m)--
Kagaonnsenn38,072 JPY (33.9Y/488.1sq.m)74,031 JPY (29.1Y/468.8sq.m)40,695 JPY (26.9Y/555.0sq.m)
Daishouji-34,146 JPY (23.8Y/352.5sq.m)33,571 JPY (24.3Y/365.0sq.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

Awadu40,920 JPY/sq.m (+186% compared with the previous year)

The average price of a sq.m Home of Awadu was 40,920 JPY/sq.m. The market value represents an increase of 26,618 JPY (+186.1%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 41.8 years old (a +20.1% increase compared to the 34.8 years old of last year.). The average size of the real estate was 370.0 sq.m (a -27.5% decrease compared to the 510.0 sq.m of last year.). The average total floor space of the real estate was 167.5 sq.m (a -57.3% decrease compared to the 392.5 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 2014 and 75.0% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 34.8 years old in 2014 and 41.8 years old in 2015; +20.1%)
  • A dramatic increase in average distance from the station (representing 20.5 min in 2014 and 45.0 min in 2015; +119.5%)

Meihou109,090 JPY/sq.m (+61% compared with the previous year)

The average price of a sq.m Home of Meihou was 109,090 JPY/sq.m. The market value represents an increase of 41,472 JPY (+61.3%) 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 9.8 years old (a -65.5% decrease compared to the 28.3 years old of last year.). The average size of the real estate was 220.0 sq.m (a -4.3% decrease compared to the 230.0 sq.m of last year.). The average total floor space of the real estate was 165.0 sq.m (a +40.4% increase compared to the 117.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 28.3 years old in 2014 and 9.8 years old in 2015; -65.5%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 38.0 min in 2014 and 60.0 min in 2015; +57.9%)

Nishikanazawa85,077 JPY/sq.m (-56% compared with the previous year)

The average price of a sq.m Home of Nishikanazawa was 85,077 JPY/sq.m. The market value represents a decrease of 110,151 JPY (-56.4%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 1 (+33.3%) 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 +193.5% increase compared to the 11.8 years old of last year.). The average size of the real estate was 101.2 sq.m (a -27.7% decrease compared to the 140.0 sq.m of last year.). The average total floor space of the real estate was 87.5 sq.m (a -18.0% decrease compared to the 106.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 11.8 years old in 2014 and 34.5 years old in 2015; +193.5%)
  • A dramatic increase in average distance from the station (representing 11.3 min in 2014 and 34.0 min in 2015; +200.0%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2014 and 50.0% of total transactions in 2015)

Kagaonnsenn38,072 JPY/sq.m (-49% compared with the previous year)

The average price of a sq.m Home of Kagaonnsenn was 38,072 JPY/sq.m. The market value represents a decrease of 35,959 JPY (-48.6%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 33.9 years old (a +16.4% increase compared to the 29.1 years old of last year.). The average size of the real estate was 488.1 sq.m (a +4.1% increase compared to the 468.8 sq.m of last year.). The average total floor space of the real estate was 349.3 sq.m (a +10.2% increase compared to the 316.9 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 62.5% of total transactions in 2014 and 33.3% of total transactions in 2015)

Causes of price decreases

  • An increase in average age of the building (representing 29.1 years old in 2014 and 33.9 years old in 2015; +16.4%)
  • A dramatic increase in average distance from the station (representing 40.5 min in 2014 and 60.0 min in 2015; +48.1%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 12.5% of total transactions in 2014 and 33.3% of total transactions in 2015)

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)