JR Nanao Line Home market overview

The average price of a sq.m Home of JR Nanao Line (Tsubata to Wakuraonnsenn), in Jul, 2013 to Sep, 2013 was 86,968 JPY/sq.m. The market value represents an increase of 8,230 JPY (+10.5%) compared to 1 year ago and a transition to a bull market. 24 properties exchanged hands ( The market value represents an increase of 5 (+26.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 24.5 years old (a -10.5% decrease compared to the 27.4 years old of last year.). The average size of the real estate was 467.7 sq.m (a -1.7% decrease compared to the 475.8 sq.m of last year.). The average total floor space of the real estate was 260.6 sq.m (a +4.5% increase compared to the 249.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving total floor space for a general family households less than 100 sq.m, as well as a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

7 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Nakatsubata, Unoke, Yoshikawa station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kanemaru station, where prices have increased +261.1% compared to last year; a sq.m unit now costs 88,888 JPY/sq.m.

The top 2 stations has seen prices increase +197.0% (+56,072 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease +0.2% (-90 JPY/sq.m).


Cause of price increases

  • An decrease in average age of the building (representing 27.4 years old in 2012 and 24.5 years old in 2013; -10.5%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 6.2% of total transactions in 2012 and 13.6% of total transactions in 2013)
  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 43.8% of total transactions in 2012 and 40.9% of total transactions in 2013)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 18.8% of total transactions in 2012 and 22.7% 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 Tsubata, the highest market value along this railway was 125,639 JPY/sq.m. The market value represents an increase of 5,639 JPY (+4.7%) compared to 1 year ago and a transition to a some market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Yoshikawa, the lowest market value along this railway was 15,000 JPY/sq.m. The market value represents an increase of 7,286 JPY (+94.5%) 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
Tsubata125,639 JPY (19.0Y/122.5sq.m)120,000 JPY (13.5Y/100.0sq.m)24,242 JPY (41.5Y/530.0sq.m)
Nakatsubata80,494 JPY (14.0Y/230.0sq.m)55,238 JPY (17.5Y/165.0sq.m)-
Honntsubata-73,464 JPY (28.5Y/313.8sq.m)258,333 JPY (0.5Y/230.0sq.m)
Nose17,857 JPY (0.0Y/175.0sq.m)-210,526 JPY (18.5Y/170.0sq.m)
Unoke112,616 JPY (10.2Y/212.5sq.m)90,909 JPY (22.5Y/370.0sq.m)50,548 JPY (32.9Y/505.0sq.m)
Yokoyama---
Takamatsu---
Menndenn--107,692 JPY (13.5Y/260.0sq.m)
Houdatsu3,030 JPY (39.5Y/2000.0sq.m)--
Shikinami83,870 JPY (23.5Y/420.0sq.m)36,000 JPY (17.5Y/210.0sq.m)-
Minamihakui--19,047 JPY (17.5Y/210.0sq.m)
Hakui111,666 JPY (33.0Y/1250.0sq.m)114,914 JPY (23.2Y/1056.7sq.m)94,166 JPY (25.2Y/820.0sq.m)
Chiji-71,428 JPY (13.5Y/290.0sq.m)-
Kanemaru88,888 JPY (15.5Y/230.0sq.m)24,615 JPY (62.5Y/610.0sq.m)-
Notobe---
Yoshikawa15,000 JPY (32.5Y/480.0sq.m)7,714 JPY (45.5Y/1800.0sq.m)100,000 JPY (12.5Y/360.0sq.m)
Notoninomiya--35,746 JPY (25.0Y/545.0sq.m)
Tokuda10,857 JPY (44.5Y/560.0sq.m)--
Nanao100,607 JPY (29.0Y/357.5sq.m)97,540 JPY (31.0Y/214.0sq.m)76,742 JPY (25.5Y/224.6sq.m)
Wakuraonnsenn101,364 JPY (23.5Y/580.0sq.m)-47,159 JPY (33.5Y/653.3sq.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

Kanemaru88,888 JPY/sq.m (+261% compared with the previous year)

The average price of a sq.m Home of Kanemaru was 88,888 JPY/sq.m. The market value represents an increase of 64,273 JPY (+261.1%) 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 15.5 years old (a -75.2% decrease compared to the 62.5 years old of last year.). The average size of the real estate was 230.0 sq.m (a -62.3% decrease compared to the 610.0 sq.m of last year.). The average total floor space of the real estate was 90.0 sq.m (a -65.4% decrease compared to the 260.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 62.5 years old in 2012 and 15.5 years old in 2013; -75.2%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 11.0 min in 2012 and 60.0 min in 2013; +445.5%)

Shikinami83,870 JPY/sq.m (+133% compared with the previous year)

The average price of a sq.m Home of Shikinami was 83,870 JPY/sq.m. The market value represents an increase of 47,870 JPY (+133.0%) 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 23.5 years old (a +34.3% increase compared to the 17.5 years old of last year.). The average size of the real estate was 420.0 sq.m (a +100.0% increase compared to the 210.0 sq.m of last year.). The average total floor space of the real estate was 155.0 sq.m (a +55.0% increase compared to the 100.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 18.0 min in 2012 and 13.0 min in 2013; -27.8%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 17.5 years old in 2012 and 23.5 years old in 2013; +34.3%)

Hakui111,666 JPY/sq.m (-3% compared with the previous year)

The average price of a sq.m Home of Hakui was 111,666 JPY/sq.m. The market value represents a decrease of 3,248 JPY (-2.8%) compared to 1 year ago and a transition to a slight market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 33.0 years old (a +42.4% increase compared to the 23.2 years old of last year.). The average size of the real estate was 1250.0 sq.m (a +18.3% increase compared to the 1056.7 sq.m of last year.). The average total floor space of the real estate was 1030.0 sq.m (a +33.2% increase compared to the 773.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2012 and 50.0% of total transactions in 2013)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 23.2 years old in 2012 and 33.0 years old in 2013; +42.4%)
  • A dramatic increase in average distance from the station (representing 52.3 min in 2012 and 69.5 min in 2013; +32.8%)

Nanao100,607 JPY/sq.m (+3% compared with the previous year)

The average price of a sq.m Home of Nanao was 100,607 JPY/sq.m. The market value represents an increase of 3,068 JPY (+3.1%) compared to 1 year ago and a transition to a some market. 6 properties exchanged hands ( The market value represents an increase of 1 (+20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 29.0 years old (a -6.5% decrease compared to the 31.0 years old of last year.). The average size of the real estate was 357.5 sq.m (a +67.1% increase compared to the 214.0 sq.m of last year.). The average total floor space of the real estate was 170.0 sq.m (a +68.3% increase compared to the 101.0 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 16.7% of total transactions in 2013)

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)