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 Sep, 2016 was 121,201 JPY/sq.m. The market value represents a decrease of 1,619 JPY (-1.3%) compared to 1 year ago and a transition to a slight market. 477 properties exchanged hands ( The market value represents a decrease of 120 (-20.1%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 27.2 years old (a +7.8% increase compared to the 25.3 years old of last year.). The average size of the real estate was 284.2 sq.m (a +1.1% increase compared to the 281.2 sq.m of last year.). The average total floor space of the real estate was 217.4 sq.m (a +5.3% increase compared to the 206.5 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 an decrease in transactions involving relatively large size more than 100 sq.m.

5 stations have experienced increased prices; 8 stations have experienced decreased prices. Market value of most stations decreased. Mikawa, Awadu, Daishouji 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 +56.5% compared to last year; a sq.m unit now costs 74,145 JPY/sq.m.

The top 2 stations has seen prices increase +45.7% (+18,487 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -55.9% (-51,008 JPY/sq.m).


Cause of price increases

  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 43.0% of total transactions in 2015 and 40.3% of total transactions in 2016)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.8% of total transactions in 2015 and 2.7% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 21.4% of total transactions in 2015 and 26.3% of total transactions in 2016)
  • An decrease in transactions involving nearly new buildings under 3 years old (representing 21.6% of total transactions in 2015 and 17.7% 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 178,747 JPY/sq.m. The market value represents a decrease of 5,321 JPY (-2.9%) compared to 1 year ago and a transition to a slight market. 16 properties exchanged hands ( The market value represents an increase of 5 (+45.5%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Iburihashi, the lowest market value along this railway was 16,494 JPY/sq.m. The market value represents a decrease of 46,670 JPY (-73.9%) compared to 1 year ago and a transition to a dramatic market. 3 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
Kanazawa136,431 JPY (27.4Y/239.0sq.m)131,683 JPY (24.4Y/236.2sq.m)132,405 JPY (24.6Y/262.6sq.m)
Nishikanazawa178,747 JPY (19.1Y/174.4sq.m)184,068 JPY (23.9Y/141.8sq.m)185,573 JPY (12.1Y/165.0sq.m)
Nonoichi155,788 JPY (24.5Y/618.3sq.m)194,385 JPY (19.4Y/416.7sq.m)150,330 JPY (22.4Y/386.1sq.m)
Mattou104,687 JPY (22.4Y/362.6sq.m)133,695 JPY (25.1Y/318.6sq.m)121,115 JPY (22.3Y/472.1sq.m)
Kagakasama90,321 JPY (19.2Y/303.0sq.m)145,667 JPY (18.5Y/475.0sq.m)80,984 JPY (28.2Y/364.3sq.m)
Mikawa91,127 JPY (14.1Y/443.0sq.m)68,368 JPY (24.7Y/174.0sq.m)75,739 JPY (35.2Y/387.8sq.m)
Komaiko64,920 JPY (24.4Y/248.3sq.m)-85,918 JPY (21.6Y/157.5sq.m)
Nomineagari91,187 JPY (27.7Y/333.6sq.m)85,277 JPY (28.7Y/732.2sq.m)70,374 JPY (28.4Y/414.4sq.m)
Meihou77,570 JPY (23.8Y/422.5sq.m)80,666 JPY (17.8Y/646.2sq.m)67,618 JPY (28.3Y/230.0sq.m)
Komatsu82,838 JPY (29.3Y/288.9sq.m)96,267 JPY (31.1Y/315.4sq.m)71,569 JPY (27.5Y/465.2sq.m)
Awadu74,145 JPY (35.9Y/900.0sq.m)47,382 JPY (36.1Y/388.8sq.m)36,540 JPY (26.3Y/583.3sq.m)
Iburihashi16,494 JPY (39.7Y/686.7sq.m)63,164 JPY (31.1Y/520.0sq.m)94,965 JPY (26.4Y/830.0sq.m)
Kagaonnsenn43,748 JPY (33.1Y/378.3sq.m)49,979 JPY (30.1Y/378.4sq.m)54,825 JPY (29.1Y/442.0sq.m)
Daishouji39,533 JPY (41.4Y/342.5sq.m)29,323 JPY (29.4Y/412.5sq.m)59,653 JPY (26.1Y/469.1sq.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

Awadu74,145 JPY/sq.m (+56% compared with the previous year)

The average price of a sq.m Home of Awadu was 74,145 JPY/sq.m. The market value represents an increase of 26,763 JPY (+56.5%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 9 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 35.9 years old (a -0.8% decrease compared to the 36.1 years old of last year.). The average size of the real estate was 900.0 sq.m (a +131.5% increase compared to the 388.8 sq.m of last year.). The average total floor space of the real estate was 801.7 sq.m (a +384.5% increase compared to the 165.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 44.0 min in 2015 and 25.3 min in 2016; -42.4%)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 27.3% of total transactions in 2015 and 33.3% of total transactions in 2016)

Daishouji39,533 JPY/sq.m (+35% compared with the previous year)

The average price of a sq.m Home of Daishouji was 39,533 JPY/sq.m. The market value represents an increase of 10,210 JPY (+34.8%) 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 41.4 years old (a +40.9% increase compared to the 29.4 years old of last year.). The average size of the real estate was 342.5 sq.m (a -17.0% decrease compared to the 412.5 sq.m of last year.). The average total floor space of the real estate was 175.7 sq.m (a +91.0% increase compared to the 92.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 51.1 min in 2015 and 19.5 min in 2016; -61.9%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2015 and 50.0% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 29.4 years old in 2015 and 41.4 years old in 2016; +40.9%)

Iburihashi16,494 JPY/sq.m (-74% compared with the previous year)

The average price of a sq.m Home of Iburihashi was 16,494 JPY/sq.m. The market value represents a decrease of 46,670 JPY (-73.9%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 39.7 years old (a +27.3% increase compared to the 31.1 years old of last year.). The average size of the real estate was 686.7 sq.m (a +32.1% increase compared to the 520.0 sq.m of last year.). The average total floor space of the real estate was 435.0 sq.m (a +80.0% increase compared to the 241.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 41.7 min in 2015 and 16.3 min in 2016; -60.8%)
  • A slight decrease in transactions involving older buildings over 40 years old (representing 50.0% of total transactions in 2015 and 50.0% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 31.1 years old in 2015 and 39.7 years old in 2016; +27.3%)

Kagakasama90,321 JPY/sq.m (-38% compared with the previous year)

The average price of a sq.m Home of Kagakasama was 90,321 JPY/sq.m. The market value represents a decrease of 55,346 JPY (-38.0%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents an increase of 6 (+150.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.2 years old (a +4.2% increase compared to the 18.5 years old of last year.). The average size of the real estate was 303.0 sq.m (a -36.2% decrease compared to the 475.0 sq.m of last year.). The average total floor space of the real estate was 177.2 sq.m (a -44.4% decrease compared to the 318.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 75.0% of total transactions in 2015 and 50.0% of total transactions in 2016)

Causes of price decreases

  • A slight decrease in transactions involving nearly new buildings under 3 years old (representing 25.0% of total transactions in 2015 and 25.0% 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)