JR Nanao Line Home market overview

The average price of a sq.m Home of JR Nanao Line (Tsubata to Wakuraonnsenn), in Oct, 2013 to Dec, 2013 was 64,922 JPY/sq.m. The market value represents a decrease of 11,299 JPY (-14.8%) compared to 1 year ago and a transition to a weak market. 29 properties exchanged hands ( The market value represents a decrease of 1 (-3.3%) compared to 1 year ago and a transition to a some market.).

The average age of the real estate was 24.6 years old (a +2.2% increase compared to the 24.0 years old of last year.). The average size of the real estate was 332.4 sq.m (a -28.9% decrease compared to the 467.8 sq.m of last year.). The average total floor space of the real estate was 135.2 sq.m (a -46.4% decrease compared to the 252.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten 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.

0 stations have experienced increased prices; 6 stations have experienced decreased prices. The market value decreased in all stations. Hakui station has seen a price decrease of over 20% compared to last year. The most dramatic price increase was at Unoke station, where prices have decreased -57.0% compared to last year; a sq.m unit now costs 47,571 JPY/sq.m.

The top 2 stations has seen prices increase -8.2% (-4,942 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -47.3% (-63,720 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 31.3 min in 2012 and 27.0 min in 2013; -13.7%)
  • A some decrease in transactions involving older buildings over 40 years old (representing 22.2% of total transactions in 2012 and 20.0% of total transactions in 2013)
  • A some increase in transactions involving nearly new buildings under 3 years old (representing 3.7% of total transactions in 2012 and 4.0% of total transactions in 2013)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.9% of total transactions in 2012 and 32.0% 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 Tsubata, the highest market value along this railway was 117,647 JPY/sq.m. The market value represents a decrease of 32,353 JPY (-21.6%) 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 price of a sq.m Home of Hakui, the lowest market value along this railway was 46,696 JPY/sq.m. The market value represents a decrease of 1,040 JPY (-2.2%) compared to 1 year ago and a transition to a slight market. 5 properties exchanged hands ( The market value represents a decrease of 2 (-28.6%) compared to 1 year ago and a transition to a dramatic market.).

JR Nanao Line (Stations Home market overview)
JR Nanao LineThis year(2013)1 year ago2 years ago
Tsubata117,647 JPY (26.8Y/165.0sq.m)150,000 JPY (18.8Y/200.0sq.m)94,444 JPY (15.8Y/170.0sq.m)
Nakatsubata53,571 JPY (18.8Y/190.0sq.m)62,415 JPY (19.8Y/208.3sq.m)137,142 JPY (38.8Y/210.0sq.m)
Honntsubata106,974 JPY (12.8Y/112.5sq.m)171,322 JPY (21.3Y/240.0sq.m)247,368 JPY (0.8Y/300.0sq.m)
Nose--97,828 JPY (18.3Y/200.0sq.m)
Unoke47,571 JPY (16.3Y/365.0sq.m)110,661 JPY (16.1Y/171.7sq.m)75,962 JPY (16.1Y/561.7sq.m)
Yokoyama-94,015 JPY (29.3Y/518.3sq.m)62,500 JPY (12.8Y/340.0sq.m)
Takamatsu127,633 JPY (10.8Y/293.3sq.m)-86,346 JPY (15.8Y/465.0sq.m)
Menndenn---
Houdatsu---
Shikinami-45,785 JPY (17.1Y/306.7sq.m)30,476 JPY (15.8Y/300.0sq.m)
Minamihakui25,333 JPY (44.8Y/350.0sq.m)-18,823 JPY (40.8Y/820.0sq.m)
Hakui46,696 JPY (35.2Y/540.0sq.m)47,736 JPY (28.6Y/805.7sq.m)56,818 JPY (28.5Y/1035.0sq.m)
Chiji---
Kanemaru---
Notobe--210,000 JPY (-0.2Y/140.0sq.m)
Yoshikawa6,896 JPY (12.8Y/560.0sq.m)-120,000 JPY (46.8Y/1330.0sq.m)
Notoninomiya---
Tokuda-46,666 JPY (28.3Y/706.7sq.m)-
Nanao59,199 JPY (27.5Y/313.0sq.m)70,543 JPY (28.4Y/396.0sq.m)49,202 JPY (27.8Y/237.5sq.m)
Wakuraonnsenn53,947 JPY (26.3Y/236.7sq.m)-72,222 JPY (16.8Y/220.0sq.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

Hakui46,696 JPY/sq.m (-2% compared with the previous year)

The average price of a sq.m Home of Hakui was 46,696 JPY/sq.m. The market value represents a decrease of 1,040 JPY (-2.2%) compared to 1 year ago and a transition to a slight market. 5 properties exchanged hands ( The market value represents a decrease of 2 (-28.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 35.2 years old (a +23.0% increase compared to the 28.6 years old of last year.). The average size of the real estate was 540.0 sq.m (a -33.0% decrease compared to the 805.7 sq.m of last year.). The average total floor space of the real estate was 154.0 sq.m (a -75.4% decrease compared to the 627.1 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 28.6 years old in 2012 and 35.2 years old in 2013; +23.0%)
  • A dramatic increase in average distance from the station (representing 67.0 min in 2012 and 87.8 min in 2013; +31.0%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2012 and 40.0% of total transactions in 2013)

Nakatsubata53,571 JPY/sq.m (-14% compared with the previous year)

The average price of a sq.m Home of Nakatsubata was 53,571 JPY/sq.m. The market value represents a decrease of 8,844 JPY (-14.2%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 18.8 years old (a -5.1% decrease compared to the 19.8 years old of last year.). The average size of the real estate was 190.0 sq.m (a -8.8% decrease compared to the 208.3 sq.m of last year.). The average total floor space of the real estate was 140.0 sq.m (a +18.3% increase compared to the 118.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 25.3 min in 2012 and 6.0 min in 2013; -76.3%)

Unoke47,571 JPY/sq.m (-57% compared with the previous year)

The average price of a sq.m Home of Unoke was 47,571 JPY/sq.m. The market value represents a decrease of 63,090 JPY (-57.0%) compared to 1 year ago and a transition to a dramatic 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 16.3 years old (a +1.0% increase compared to the 16.1 years old of last year.). The average size of the real estate was 365.0 sq.m (a +112.6% increase compared to the 171.7 sq.m of last year.). The average total floor space of the real estate was 152.5 sq.m (a +23.6% increase compared to the 123.3 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 16.7 min in 2012 and 20.0 min in 2013; +20.0%)

Honntsubata106,974 JPY/sq.m (-38% compared with the previous year)

The average price of a sq.m Home of Honntsubata was 106,974 JPY/sq.m. The market value represents a decrease of 64,349 JPY (-37.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 12.8 years old (a -40.0% decrease compared to the 21.3 years old of last year.). The average size of the real estate was 112.5 sq.m (a -53.1% decrease compared to the 240.0 sq.m of last year.). The average total floor space of the real estate was 67.5 sq.m (a -50.9% decrease compared to the 137.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 21.3 years old in 2012 and 12.8 years old in 2013; -40.0%)
  • A dramatic decrease in average distance from the station (representing 18.0 min in 2012 and 9.0 min in 2013; -50.0%)

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)