JR Nanao Line Home market overview

The average price of a sq.m Home of JR Nanao Line (Tsubata to Wakuraonnsenn), in Oct, 2015 to Dec, 2015 was 83,866 JPY/sq.m. The market value represents a decrease of 34,108 JPY (-28.9%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents an increase of 5 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 24.4 years old (a -8.9% decrease compared to the 26.8 years old of last year.). The average size of the real estate was 379.0 sq.m (a +47.5% increase compared to the 257.0 sq.m of last year.). The average total floor space of the real estate was 136.7 sq.m (a +12.0% increase compared to the 122.0 sq.m of last year.).

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

0 stations have experienced increased prices; 2 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -41.3% (-35,579 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -54.1% (-132,810 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 60.0% of total transactions in 2014 and 25.0% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 16.0 min in 2014 and 29.7 min in 2015; +85.6%)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 40.0% of total transactions in 2014 and 12.5% of total transactions in 2015)

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 112,644 JPY/sq.m. The market value represents a decrease of 132,810 JPY (-54.1%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 5 (+500.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Hakui, the lowest market value along this railway was 50,525 JPY/sq.m. The market value represents a decrease of 35,579 JPY (-41.3%) 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.).

JR Nanao Line (Stations Home market overview)
JR Nanao LineThis year(2015)1 year ago2 years ago
Tsubata112,644 JPY (18.0Y/371.7sq.m)245,454 JPY (0.8Y/220.0sq.m)117,647 JPY (26.8Y/165.0sq.m)
Nakatsubata--53,571 JPY (18.8Y/190.0sq.m)
Honntsubata--106,974 JPY (12.8Y/112.5sq.m)
Nose---
Unoke--47,571 JPY (16.3Y/365.0sq.m)
Yokoyama---
Takamatsu--127,633 JPY (10.8Y/293.3sq.m)
Menndenn---
Houdatsu---
Shikinami---
Minamihakui--25,333 JPY (44.8Y/350.0sq.m)
Hakui50,525 JPY (32.3Y/440.0sq.m)86,104 JPY (33.3Y/266.2sq.m)46,696 JPY (35.2Y/540.0sq.m)
Chiji---
Kanemaru---
Notobe---
Yoshikawa40,000 JPY (40.8Y/240.0sq.m)-6,896 JPY (12.8Y/560.0sq.m)
Notoninomiya---
Tokuda---
Nanao--59,199 JPY (27.5Y/313.0sq.m)
Wakuraonnsenn--53,947 JPY (26.3Y/236.7sq.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

Hakui50,525 JPY/sq.m (-41% compared with the previous year)

The average price of a sq.m Home of Hakui was 50,525 JPY/sq.m. The market value represents a decrease of 35,579 JPY (-41.3%) 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 32.3 years old (a -3.0% decrease compared to the 33.3 years old of last year.). The average size of the real estate was 440.0 sq.m (a +65.3% increase compared to the 266.2 sq.m of last year.). The average total floor space of the real estate was 116.7 sq.m (a -6.7% decrease compared to the 125.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 75.0% of total transactions in 2014 and 50.0% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 16.0 min in 2014 and 55.0 min in 2015; +243.8%)

Tsubata112,644 JPY/sq.m (-54% compared with the previous year)

The average price of a sq.m Home of Tsubata was 112,644 JPY/sq.m. The market value represents a decrease of 132,810 JPY (-54.1%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 5 (+500.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 18.0 years old (a +2284.4% increase compared to the 0.8 years old of last year.). The average size of the real estate was 371.7 sq.m (a +68.9% increase compared to the 220.0 sq.m of last year.). The average total floor space of the real estate was 152.0 sq.m (a +38.2% increase compared to the 110.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 0.8 years old in 2014 and 18.0 years old in 2015; +2284.4%)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 100.0% of total transactions in 2014 and 20.0% of total transactions in 2015)

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)