JR Nanao Line Home market overview

The average price of a sq.m Home of JR Nanao Line (Tsubata to Wakuraonnsenn), in Jan, 2013 to Mar, 2013 was 53,606 JPY/sq.m. The market value represents a decrease of 6,462 JPY (-10.8%) compared to 1 year ago and a transition to a weak market. 22 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 25.7 years old (a -16.3% decrease compared to the 30.7 years old of last year.). The average size of the real estate was 536.6 sq.m (a +40.0% increase compared to the 383.2 sq.m of last year.). The average total floor space of the real estate was 234.3 sq.m (a +7.8% increase compared to the 217.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station, as well as a dramatic decrease in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

4 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Unoke, Wakuraonnsenn station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nanao station, where prices have increased +118.7% compared to last year; a sq.m unit now costs 104,217 JPY/sq.m.

The top 2 stations has seen prices increase +89.2% (+42,199 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -85.0% (-181,620 JPY/sq.m).


Cause of price increases

  • An decrease in average age of the building (representing 30.7 years old in 2012 and 25.7 years old in 2013; -16.3%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 25.0% of total transactions in 2012 and 15.0% of total transactions in 2013)

Causes of price decreases

  • An increase in average distance from the station (representing 38.0 min in 2012 and 45.5 min in 2013; +19.6%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 45.0% of total transactions in 2012 and 55.0% of total transactions in 2013)

Breakdown of each segment

The table below shows Home dealt in JR Nanao 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 Nanao, the highest market value along this railway was 104,217 JPY/sq.m. The market value represents an increase of 56,571 JPY (+118.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Yokoyama, the lowest market value along this railway was 5,000 JPY/sq.m. The market value represents a decrease of 92,894 JPY (-94.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

JR Nanao Line (Stations Home market overview)
JR Nanao LineThis year(2013)1 year ago2 years ago
Tsubata90,476 JPY (18.0Y/165.0sq.m)80,000 JPY (0.0Y/700.0sq.m)164,976 JPY (15.0Y/412.5sq.m)
Nakatsubata34,117 JPY (0.0Y/90.0sq.m)67,826 JPY (18.0Y/230.0sq.m)28,695 JPY (39.0Y/220.0sq.m)
Honntsubata---
Nose---
Unoke103,109 JPY (29.0Y/191.7sq.m)79,666 JPY (17.0Y/177.5sq.m)54,738 JPY (22.7Y/385.0sq.m)
Yokoyama5,000 JPY (0.0Y/290.0sq.m)97,894 JPY (17.0Y/210.0sq.m)-
Takamatsu-28,000 JPY (43.0Y/200.0sq.m)15,172 JPY (51.0Y/300.0sq.m)
Menndenn---
Houdatsu12,763 JPY (25.0Y/720.0sq.m)-27,272 JPY (40.0Y/1000.0sq.m)
Shikinami18,947 JPY (32.0Y/770.0sq.m)--
Minamihakui---
Hakui21,214 JPY (30.6Y/1010.0sq.m)21,727 JPY (34.8Y/256.7sq.m)72,100 JPY (23.9Y/868.5sq.m)
Chiji---
Kanemaru---
Notobe---
Yoshikawa-7,692 JPY (55.0Y/250.0sq.m)46,153 JPY (25.0Y/630.0sq.m)
Notoninomiya9,090 JPY (25.0Y/145.0sq.m)--
Tokuda89,655 JPY (16.0Y/590.0sq.m)360,000 JPY (22.0Y/1300.0sq.m)-
Nanao104,217 JPY (15.0Y/271.7sq.m)47,647 JPY (33.0Y/211.2sq.m)53,427 JPY (23.5Y/183.8sq.m)
Wakuraonnsenn74,404 JPY (26.0Y/287.5sq.m)46,577 JPY (29.8Y/700.0sq.m)81,395 JPY (14.0Y/2000.0sq.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

Nanao104,217 JPY/sq.m (+119% compared with the previous year)

The average price of a sq.m Home of Nanao was 104,217 JPY/sq.m. The market value represents an increase of 56,571 JPY (+118.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 15.0 years old (a -54.5% decrease compared to the 33.0 years old of last year.). The average size of the real estate was 271.7 sq.m (a +28.6% increase compared to the 211.2 sq.m of last year.). The average total floor space of the real estate was 166.7 sq.m (a -0.5% decrease compared to the 167.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 33.0 years old in 2012 and 15.0 years old in 2013; -54.5%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2012 and 33.3% of total transactions in 2013)

Wakuraonnsenn74,404 JPY/sq.m (+60% compared with the previous year)

The average price of a sq.m Home of Wakuraonnsenn was 74,404 JPY/sq.m. The market value represents an increase of 27,828 JPY (+59.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 26.0 years old (a -12.6% decrease compared to the 29.8 years old of last year.). The average size of the real estate was 287.5 sq.m (a -58.9% decrease compared to the 700.0 sq.m of last year.). The average total floor space of the real estate was 112.5 sq.m (a -82.4% decrease compared to the 638.8 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 29.8 years old in 2012 and 26.0 years old in 2013; -12.6%)
  • A dramatic decrease in average distance from the station (representing 21.5 min in 2012 and 15.0 min in 2013; -30.2%)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 75.0% of total transactions in 2012 and 100.0% of total transactions in 2013)

Yokoyama5,000 JPY/sq.m (-95% compared with the previous year)

The average price of a sq.m Home of Yokoyama was 5,000 JPY/sq.m. The market value represents a decrease of 92,894 JPY (-94.9%) 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 size of the real estate was 290.0 sq.m (a +38.1% increase compared to the 210.0 sq.m of last year.). The average total floor space of the real estate was 220.0 sq.m (a +131.6% 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 20.0 min in 2012 and 13.0 min in 2013; -35.0%)

Tokuda89,655 JPY/sq.m (-75% compared with the previous year)

The average price of a sq.m Home of Tokuda was 89,655 JPY/sq.m. The market value represents a decrease of 270,345 JPY (-75.1%) 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 16.0 years old (a -27.3% decrease compared to the 22.0 years old of last year.). The average size of the real estate was 590.0 sq.m (a -54.6% decrease compared to the 1300.0 sq.m of last year.). The average total floor space of the real estate was 145.0 sq.m (a +190.0% increase compared to the 50.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 22.0 years old in 2012 and 16.0 years old in 2013; -27.3%)

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)