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, 2016 to Mar, 2016 was 120,764 JPY/sq.m. The market value represents an increase of 5,271 JPY (+4.6%) compared to 1 year ago and a transition to a some market. 125 properties exchanged hands ( The market value represents a decrease of 16 (-11.3%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 28.3 years old (a +4.5% increase compared to the 27.1 years old of last year.). The average size of the real estate was 286.0 sq.m (a -8.0% decrease compared to the 310.9 sq.m of last year.). The average total floor space of the real estate was 209.5 sq.m (a -3.9% decrease compared to the 217.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station, as well as an decrease in transactions involving relatively large size more than 100 sq.m.

3 stations have experienced increased prices; 6 stations have experienced decreased prices. Market value of most stations decreased. Nishikanazawa, Mattou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Mattou station, where prices have increased +73.3% compared to last year; a sq.m unit now costs 134,076 JPY/sq.m.

The top 2 stations has seen prices increase +64.1% (+61,883 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -63.5% (-57,102 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 1.4% of total transactions in 2015 and 4.0% of total transactions in 2016)
  • A slight decrease in transactions involving older buildings over 40 years old (representing 26.2% of total transactions in 2015 and 26.2% of total transactions in 2016)

Causes of price decreases

  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 17.5% of total transactions in 2015 and 13.1% of total transactions in 2016)
  • A some increase in transactions involving relatively old buildings under 40 years old (representing 42.9% of total transactions in 2015 and 45.8% of total transactions in 2016)

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 189,284 JPY/sq.m. The market value represents an increase of 67,062 JPY (+54.9%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 7 (+700.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Mikawa, the lowest market value along this railway was 16,666 JPY/sq.m. The market value represents a decrease of 54,167 JPY (-76.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

JR Hokuriku Main Line (Stations Home market overview)
JR Hokuriku Main LineThis year(2016)1 year ago2 years ago
Kanazawa132,789 JPY (28.5Y/249.0sq.m)128,864 JPY (26.6Y/234.5sq.m)146,521 JPY (23.3Y/277.8sq.m)
Nishikanazawa189,284 JPY (20.0Y/210.0sq.m)122,222 JPY (45.0Y/185.0sq.m)195,315 JPY (12.6Y/169.0sq.m)
Nonoichi184,134 JPY (32.1Y/380.0sq.m)184,477 JPY (23.3Y/422.0sq.m)141,535 JPY (23.6Y/696.0sq.m)
Mattou134,076 JPY (16.7Y/203.8sq.m)77,373 JPY (32.0Y/212.1sq.m)119,254 JPY (22.8Y/578.0sq.m)
Kagakasama72,378 JPY (23.5Y/330.0sq.m)132,308 JPY (24.5Y/465.0sq.m)84,993 JPY (14.5Y/563.3sq.m)
Mikawa16,666 JPY (34.0Y/105.0sq.m)70,833 JPY (13.0Y/100.0sq.m)82,401 JPY (32.1Y/266.7sq.m)
Komaiko77,419 JPY (32.0Y/400.0sq.m)-129,411 JPY (16.0Y/165.0sq.m)
Nomineagari68,737 JPY (32.2Y/287.1sq.m)82,638 JPY (28.2Y/937.5sq.m)62,788 JPY (27.0Y/431.4sq.m)
Meihou94,927 JPY (12.0Y/260.0sq.m)--
Komatsu58,780 JPY (28.5Y/333.3sq.m)118,816 JPY (22.2Y/224.1sq.m)72,993 JPY (28.0Y/532.9sq.m)
Awadu-24,018 JPY (40.0Y/385.0sq.m)40,000 JPY (20.0Y/470.0sq.m)
Iburihashi20,000 JPY (23.0Y/150.0sq.m)--
Kagaonnsenn56,004 JPY (37.3Y/478.6sq.m)68,465 JPY (30.3Y/457.0sq.m)62,106 JPY (26.5Y/581.2sq.m)
Daishouji-31,390 JPY (29.4Y/365.0sq.m)91,666 JPY (21.0Y/520.0sq.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

Mattou134,076 JPY/sq.m (+73% compared with the previous year)

The average price of a sq.m Home of Mattou was 134,076 JPY/sq.m. The market value represents an increase of 56,703 JPY (+73.3%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 3 (-42.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.7 years old (a -48.0% decrease compared to the 32.0 years old of last year.). The average size of the real estate was 203.8 sq.m (a -4.0% decrease compared to the 212.1 sq.m of last year.). The average total floor space of the real estate was 125.0 sq.m (a -9.8% decrease compared to the 138.6 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 32.0 years old in 2015 and 16.7 years old in 2016; -48.0%)
  • An decrease in average distance from the station (representing 18.9 min in 2015 and 15.5 min in 2016; -17.8%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 57.1% of total transactions in 2015 and 33.3% of total transactions in 2016)

Nishikanazawa189,284 JPY/sq.m (+55% compared with the previous year)

The average price of a sq.m Home of Nishikanazawa was 189,284 JPY/sq.m. The market value represents an increase of 67,062 JPY (+54.9%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 7 (+700.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.0 years old (a -55.6% decrease compared to the 45.0 years old of last year.). The average size of the real estate was 210.0 sq.m (a +13.5% increase compared to the 185.0 sq.m of last year.). The average total floor space of the real estate was 123.8 sq.m (a +37.5% increase compared to the 90.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 45.0 years old in 2015 and 20.0 years old in 2016; -55.6%)
  • An decrease in average distance from the station (representing 14.0 min in 2015 and 11.4 min in 2016; -18.8%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 100.0% of total transactions in 2015 and 14.3% of total transactions in 2016)

Mikawa16,666 JPY/sq.m (-76% compared with the previous year)

The average price of a sq.m Home of Mikawa was 16,666 JPY/sq.m. The market value represents a decrease of 54,167 JPY (-76.5%) 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 34.0 years old (a +161.6% increase compared to the 13.0 years old of last year.). The average size of the real estate was 105.0 sq.m (a +5.0% increase compared to the 100.0 sq.m of last year.). The average total floor space of the real estate was 120.0 sq.m (a +0.0% decrease compared to the 120.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 13.0 years old in 2015 and 34.0 years old in 2016; +161.6%)
  • A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 100.0% of total transactions in 2015 and 100.0% of total transactions in 2016)

Komatsu58,780 JPY/sq.m (-51% compared with the previous year)

The average price of a sq.m Home of Komatsu was 58,780 JPY/sq.m. The market value represents a decrease of 60,036 JPY (-50.5%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 2 (-18.2%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 28.5 years old (a +28.7% increase compared to the 22.2 years old of last year.). The average size of the real estate was 333.3 sq.m (a +48.7% increase compared to the 224.1 sq.m of last year.). The average total floor space of the real estate was 170.0 sq.m (a +23.4% increase compared to the 137.8 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 29.0 min in 2015 and 25.8 min in 2016; -11.1%)
  • An decrease in transactions involving older buildings over 40 years old (representing 14.3% of total transactions in 2015 and 12.5% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 22.2 years old in 2015 and 28.5 years old in 2016; +28.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 42.9% of total transactions in 2015 and 75.0% of total transactions in 2016)

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)