JR Hokuriku Main Line Home market overview

The average price of a sq.m Home of JR Hokuriku Main Line (Kanazawa to Daishouji), in Jul, 2016 to Sep, 2016 was 107,172 JPY/sq.m. The market value represents a decrease of 24,685 JPY (-18.7%) compared to 1 year ago and a transition to a weak market. 149 properties exchanged hands ( The market value represents a decrease of 37 (-19.9%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 28.9 years old (a +24.3% increase compared to the 23.3 years old of last year.). The average size of the real estate was 254.2 sq.m (a -2.9% decrease compared to the 261.9 sq.m of last year.). The average total floor space of the real estate was 187.4 sq.m (a -10.7% decrease compared to the 209.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old, as well as a dramatic increase in transactions involving older buildings over 40 years old.

1 stations have experienced increased prices; 8 stations have experienced decreased prices. Market value of most stations decreased. Nishikanazawa station has seen a price decrease of over 20% compared to last year. The most dramatic price increase was at Nonoichi station, where prices have decreased -38.3% compared to last year; a sq.m unit now costs 124,523 JPY/sq.m.

The top 2 stations has seen prices increase +64.5% (+7,479 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -38.0% (-64,587 JPY/sq.m).


Cause of price increases

  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 41.3% of total transactions in 2015 and 39.7% of total transactions in 2016)
  • A some increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.2% of total transactions in 2015 and 3.4% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 23.3 years old in 2015 and 28.9 years old in 2016; +24.3%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 18.1% of total transactions in 2015 and 29.4% of total transactions in 2016)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 29.7% of total transactions in 2015 and 15.9% 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 282,836 JPY/sq.m. The market value represents a decrease of 13,136 JPY (-4.4%) compared to 1 year ago and a transition to a some market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Daishouji, the lowest market value along this railway was 49,146 JPY/sq.m. The market value represents an increase of 28,094 JPY (+133.4%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) 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(2016)1 year ago2 years ago
Kanazawa117,270 JPY (29.6Y/209.7sq.m)132,490 JPY (22.4Y/223.9sq.m)129,522 JPY (25.3Y/283.0sq.m)
Nishikanazawa282,836 JPY (1.8Y/160.0sq.m)295,972 JPY (7.5Y/168.0sq.m)181,890 JPY (18.5Y/165.8sq.m)
Nonoichi124,523 JPY (29.9Y/635.0sq.m)201,878 JPY (20.5Y/518.0sq.m)148,990 JPY (19.0Y/233.3sq.m)
Mattou85,782 JPY (23.9Y/549.5sq.m)130,238 JPY (24.1Y/305.0sq.m)88,922 JPY (28.1Y/434.4sq.m)
Kagakasama200,000 JPY (0.5Y/240.0sq.m)288,888 JPY (0.5Y/150.0sq.m)70,294 JPY (43.0Y/215.0sq.m)
Mikawa165,217 JPY (5.5Y/172.5sq.m)-73,194 JPY (34.5Y/425.0sq.m)
Komaiko58,671 JPY (20.5Y/172.5sq.m)--
Nomineagari75,069 JPY (33.7Y/199.2sq.m)93,975 JPY (30.0Y/565.0sq.m)101,040 JPY (23.7Y/499.0sq.m)
Meihou-66,454 JPY (23.5Y/182.5sq.m)-
Komatsu85,610 JPY (32.8Y/232.2sq.m)137,429 JPY (36.2Y/320.6sq.m)69,310 JPY (28.4Y/396.5sq.m)
Awadu-40,730 JPY (39.5Y/443.3sq.m)-
Iburihashi-70,833 JPY (19.5Y/535.0sq.m)58,571 JPY (34.5Y/200.0sq.m)
Kagaonnsenn53,056 JPY (32.3Y/201.0sq.m)57,267 JPY (24.1Y/289.3sq.m)44,645 JPY (27.6Y/461.5sq.m)
Daishouji49,146 JPY (39.8Y/422.0sq.m)21,052 JPY (0.0Y/135.0sq.m)81,170 JPY (23.9Y/221.0sq.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

Daishouji49,146 JPY/sq.m (+133% compared with the previous year)

The average price of a sq.m Home of Daishouji was 49,146 JPY/sq.m. The market value represents an increase of 28,094 JPY (+133.4%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 422.0 sq.m (a +212.6% increase compared to the 135.0 sq.m of last year.). The average total floor space of the real estate was 196.0 sq.m (a +106.3% increase compared to the 95.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 54.5 min in 2015 and 21.8 min in 2016; -60.0%)

Nishikanazawa282,836 JPY/sq.m (-4% compared with the previous year)

The average price of a sq.m Home of Nishikanazawa was 282,836 JPY/sq.m. The market value represents a decrease of 13,136 JPY (-4.4%) compared to 1 year ago and a transition to a some market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 1.8 years old (a -75.5% decrease compared to the 7.5 years old of last year.). The average size of the real estate was 160.0 sq.m (a -4.8% decrease compared to the 168.0 sq.m of last year.). The average total floor space of the real estate was 111.7 sq.m (a -15.4% decrease compared to the 132.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 7.5 years old in 2015 and 1.8 years old in 2016; -75.5%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 80.0% of total transactions in 2015 and 100.0% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.4 min in 2015 and 9.3 min in 2016; +45.8%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 80.0% of total transactions in 2015 and 33.3% of total transactions in 2016)

Nonoichi124,523 JPY/sq.m (-38% compared with the previous year)

The average price of a sq.m Home of Nonoichi was 124,523 JPY/sq.m. The market value represents a decrease of 77,355 JPY (-38.3%) 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 29.9 years old (a +45.5% increase compared to the 20.5 years old of last year.). The average size of the real estate was 635.0 sq.m (a +22.6% increase compared to the 518.0 sq.m of last year.). The average total floor space of the real estate was 567.5 sq.m (a +25.4% increase compared to the 452.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 15.0 min in 2015 and 9.0 min in 2016; -40.0%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 20.5 years old in 2015 and 29.9 years old in 2016; +45.5%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2015 and 33.3% of total transactions in 2016)

Komatsu85,610 JPY/sq.m (-38% compared with the previous year)

The average price of a sq.m Home of Komatsu was 85,610 JPY/sq.m. The market value represents a decrease of 51,819 JPY (-37.7%) compared to 1 year ago and a transition to a dramatic market. 16 properties exchanged hands ( The market value represents an increase of 7 (+77.8%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 32.8 years old (a -9.5% decrease compared to the 36.2 years old of last year.). The average size of the real estate was 232.2 sq.m (a -27.6% decrease compared to the 320.6 sq.m of last year.). The average total floor space of the real estate was 146.3 sq.m (a -57.7% decrease compared to the 345.6 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 32.4 min in 2015 and 23.9 min in 2016; -26.2%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 14.3% of total transactions in 2015 and 26.7% of total transactions in 2016)
  • A some decrease in transactions involving older buildings over 40 years old (representing 57.1% of total transactions in 2015 and 53.3% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 14.3% of total transactions in 2015 and 20.0% 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)