JR Nanao Line Home market overview

The average price of a sq.m Home of JR Nanao Line (Tsubata to Wakuraonnsenn), in Apr, 2013 to Jun, 2013 was 73,031 JPY/sq.m. The market value represents an increase of 12,090 JPY (+19.8%) compared to 1 year ago and a transition to a bull market. 27 properties exchanged hands ( The market value represents an increase of 3 (+12.5%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 23.5 years old (a -4.3% decrease compared to the 24.6 years old of last year.). The average size of the real estate was 409.6 sq.m (a +1.6% increase compared to the 403.1 sq.m of last year.). The average total floor space of the real estate was 202.8 sq.m (a -15.3% decrease compared to the 239.4 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 increase in transactions involving very large total floor space more than 200 sq.m.

5 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Nakatsubata, Hakui, Nanao station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Wakuraonnsenn station, where prices have increased +155.9% compared to last year; a sq.m unit now costs 35,190 JPY/sq.m.

The top 2 stations has seen prices increase +118.4% (+29,311 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -47.9% (-91,303 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 43.6 min in 2012 and 25.2 min in 2013; -42.2%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 61.9% of total transactions in 2012 and 48.0% of total transactions in 2013)

Causes of price decreases

  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 14.3% of total transactions in 2012 and 8.0% of total transactions in 2013)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 9.5% of total transactions in 2012 and 12.0% 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 Nakatsubata, the highest market value along this railway was 207,692 JPY/sq.m. The market value represents an increase of 45,138 JPY (+27.8%) 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 price of a sq.m Home of Tokuda, the lowest market value along this railway was 19,047 JPY/sq.m. The market value represents a decrease of 180,953 JPY (-90.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

JR Nanao Line (Stations Home market overview)
JR Nanao LineThis year(2013)1 year ago2 years ago
Tsubata68,399 JPY (25.1Y/183.0sq.m)67,297 JPY (19.8Y/151.2sq.m)154,500 JPY (15.3Y/186.2sq.m)
Nakatsubata207,692 JPY (4.3Y/200.0sq.m)162,554 JPY (0.3Y/167.5sq.m)83,771 JPY (14.9Y/180.0sq.m)
Honntsubata100,000 JPY (23.3Y/700.0sq.m)-296,000 JPY (0.3Y/240.0sq.m)
Nose123,809 JPY (0.0Y/165.0sq.m)--
Unoke112,700 JPY (8.9Y/303.3sq.m)-81,666 JPY (16.3Y/230.0sq.m)
Yokoyama---
Takamatsu--84,615 JPY (7.3Y/750.0sq.m)
Menndenn---
Houdatsu-12,105 JPY (15.3Y/2000.0sq.m)107,142 JPY (15.3Y/250.0sq.m)
Shikinami---
Minamihakui---
Hakui65,759 JPY (23.6Y/506.7sq.m)47,047 JPY (28.0Y/585.0sq.m)100,372 JPY (21.9Y/326.2sq.m)
Chiji--5,000 JPY (46.3Y/220.0sq.m)
Kanemaru-6,451 JPY (0.0Y/800.0sq.m)-
Notobe---
Yoshikawa29,116 JPY (25.6Y/170.0sq.m)30,769 JPY (43.3Y/220.0sq.m)45,454 JPY (35.3Y/320.0sq.m)
Notoninomiya--105,673 JPY (11.0Y/200.0sq.m)
Tokuda19,047 JPY (46.3Y/730.0sq.m)200,000 JPY (0.0Y/70.0sq.m)38,205 JPY (32.3Y/870.0sq.m)
Nanao83,163 JPY (23.9Y/885.0sq.m)45,982 JPY (31.1Y/200.0sq.m)56,567 JPY (31.9Y/252.5sq.m)
Wakuraonnsenn35,190 JPY (31.9Y/246.2sq.m)13,750 JPY (27.3Y/350.0sq.m)48,888 JPY (41.3Y/115.0sq.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

Wakuraonnsenn35,190 JPY/sq.m (+156% compared with the previous year)

The average price of a sq.m Home of Wakuraonnsenn was 35,190 JPY/sq.m. The market value represents an increase of 21,440 JPY (+155.9%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 31.9 years old (a +17.1% increase compared to the 27.3 years old of last year.). The average size of the real estate was 246.2 sq.m (a -29.6% decrease compared to the 350.0 sq.m of last year.). The average total floor space of the real estate was 128.8 sq.m (a -83.9% decrease compared to the 800.0 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 2012 and 33.3% of total transactions in 2013)

Causes of price decreases

  • An increase in average age of the building (representing 27.3 years old in 2012 and 31.9 years old in 2013; +17.1%)
  • A dramatic increase in average distance from the station (representing 24.0 min in 2012 and 55.2 min in 2013; +130.2%)

Nanao83,163 JPY/sq.m (+81% compared with the previous year)

The average price of a sq.m Home of Nanao was 83,163 JPY/sq.m. The market value represents an increase of 37,181 JPY (+80.9%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 1 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 23.9 years old (a -23.2% decrease compared to the 31.1 years old of last year.). The average size of the real estate was 885.0 sq.m (a +342.5% increase compared to the 200.0 sq.m of last year.). The average total floor space of the real estate was 437.0 sq.m (a +271.9% 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 31.1 years old in 2012 and 23.9 years old in 2013; -23.2%)
  • A dramatic decrease in average distance from the station (representing 26.2 min in 2012 and 19.8 min in 2013; -24.3%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2012 and 20.0% of total transactions in 2013)

Tokuda19,047 JPY/sq.m (-90% compared with the previous year)

The average price of a sq.m Home of Tokuda was 19,047 JPY/sq.m. The market value represents a decrease of 180,953 JPY (-90.5%) 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 size of the real estate was 730.0 sq.m (a +942.9% increase compared to the 70.0 sq.m of last year.). The average total floor space of the real estate was 210.0 sq.m (a +110.0% increase compared to the 100.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 2.0 min in 2012 and 30.0 min in 2013; +1400.0%)

Yoshikawa29,116 JPY/sq.m (-5% compared with the previous year)

The average price of a sq.m Home of Yoshikawa was 29,116 JPY/sq.m. The market value represents a decrease of 1,653 JPY (-5.4%) compared to 1 year ago and a transition to a bear market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 25.6 years old (a -40.8% decrease compared to the 43.3 years old of last year.). The average size of the real estate was 170.0 sq.m (a -22.7% decrease compared to the 220.0 sq.m of last year.). The average total floor space of the real estate was 191.7 sq.m (a +47.4% increase compared to the 130.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 43.3 years old in 2012 and 25.6 years old in 2013; -40.8%)
  • A dramatic decrease in average distance from the station (representing 11.0 min in 2012 and 4.3 min in 2013; -60.6%)

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)