JR Nanao Line Home market overview

The average price of a sq.m Home of JR Nanao Line (Tsubata to Wakuraonnsenn), in Jan, 2016 to Mar, 2016 was 77,083 JPY/sq.m. The market value represents an increase of 13,533 JPY (+21.3%) compared to 1 year ago and a transition to a dramatic market. 25 properties exchanged hands ( The market value represents a decrease of 2 (-7.4%) compared to 1 year ago and a transition to a bear market.).

The average age of the real estate was 29.9 years old (a +4.0% increase compared to the 28.8 years old of last year.). The average size of the real estate was 569.6 sq.m (a +47.8% increase compared to the 385.4 sq.m of last year.). The average total floor space of the real estate was 185.6 sq.m (a +4.9% increase compared to the 176.9 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 relatively new buildings under 20 years old.

5 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Hakui, Wakuraonnsenn station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nakatsubata station, where prices have increased +986.9% compared to last year; a sq.m unit now costs 104,347 JPY/sq.m.

The top 2 stations has seen prices increase +874.9% (+100,956 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -63.9% (-25,198 JPY/sq.m).


Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.8% of total transactions in 2015 and 8.0% of total transactions in 2016)
  • A some decrease in transactions involving older buildings over 40 years old (representing 20.0% of total transactions in 2015 and 19.0% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 26.4 min in 2015 and 33.9 min in 2016; +28.4%)
  • A slight increase in transactions involving relatively old buildings under 40 years old (representing 56.0% of total transactions in 2015 and 57.1% of total transactions in 2016)

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 170,451 JPY/sq.m. The market value represents an increase of 99,762 JPY (+141.1%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Home of Notobe, the lowest market value along this railway was 1,304 JPY/sq.m. The market value represents a decrease of 15,894 JPY (-92.4%) 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.).

JR Nanao Line (Stations Home market overview)
JR Nanao LineThis year(2016)1 year ago2 years ago
Tsubata52,380 JPY (18.0Y/165.0sq.m)76,350 JPY (27.0Y/467.0sq.m)93,452 JPY (1.0Y/310.0sq.m)
Nakatsubata104,347 JPY (25.0Y/210.0sq.m)9,600 JPY (21.0Y/165.0sq.m)-
Honntsubata-14,090 JPY (0.0Y/145.0sq.m)-
Nose121,212 JPY (22.0Y/172.5sq.m)14,047 JPY (28.0Y/995.0sq.m)33,492 JPY (34.5Y/400.0sq.m)
Unoke97,368 JPY (41.0Y/1500.0sq.m)107,624 JPY (14.0Y/175.0sq.m)124,675 JPY (38.5Y/436.7sq.m)
Yokoyama37,777 JPY (51.0Y/190.0sq.m)-36,842 JPY (0.0Y/370.0sq.m)
Takamatsu63,225 JPY (12.0Y/500.0sq.m)97,726 JPY (19.5Y/615.0sq.m)-
Menndenn-192,000 JPY (16.0Y/790.0sq.m)-
Houdatsu---
Shikinami---
Minamihakui115,384 JPY (20.0Y/250.0sq.m)--
Hakui33,640 JPY (27.9Y/876.7sq.m)24,043 JPY (41.0Y/193.3sq.m)51,667 JPY (26.4Y/583.3sq.m)
Chiji---
Kanemaru3,478 JPY (45.0Y/780.0sq.m)-24,411 JPY (33.0Y/770.0sq.m)
Notobe1,304 JPY (0.0Y/360.0sq.m)17,198 JPY (44.5Y/345.0sq.m)-
Yoshikawa--3,095 JPY (41.0Y/540.0sq.m)
Notoninomiya--48,387 JPY (21.0Y/250.0sq.m)
Tokuda---
Nanao170,451 JPY (45.0Y/553.0sq.m)70,688 JPY (34.4Y/215.0sq.m)42,710 JPY (21.0Y/289.0sq.m)
Wakuraonnsenn62,164 JPY (28.8Y/478.8sq.m)36,261 JPY (33.5Y/440.0sq.m)254,901 JPY (42.0Y/1032.5sq.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

Nakatsubata104,347 JPY/sq.m (+987% compared with the previous year)

The average price of a sq.m Home of Nakatsubata was 104,347 JPY/sq.m. The market value represents an increase of 94,747 JPY (+986.9%) 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 age of the real estate was 25.0 years old (a +19.1% increase compared to the 21.0 years old of last year.). The average size of the real estate was 210.0 sq.m (a +27.3% increase compared to the 165.0 sq.m of last year.). The average total floor space of the real estate was 115.0 sq.m (a -8.0% decrease compared to the 125.0 sq.m of last year.).

Cause of price increases

  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2015 and 100.0% of total transactions in 2016)

Causes of price decreases

  • An increase in average age of the building (representing 21.0 years old in 2015 and 25.0 years old in 2016; +19.1%)
  • A dramatic increase in average distance from the station (representing 15.0 min in 2015 and 19.0 min in 2016; +26.7%)

Nose121,212 JPY/sq.m (+763% compared with the previous year)

The average price of a sq.m Home of Nose was 121,212 JPY/sq.m. The market value represents an increase of 107,164 JPY (+762.9%) 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 22.0 years old (a -21.4% decrease compared to the 28.0 years old of last year.). The average size of the real estate was 172.5 sq.m (a -82.7% decrease compared to the 995.0 sq.m of last year.). The average total floor space of the real estate was 100.0 sq.m (a -73.3% decrease compared to the 375.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 28.0 years old in 2015 and 22.0 years old in 2016; -21.4%)
  • A dramatic decrease in average distance from the station (representing 35.0 min in 2015 and 8.5 min in 2016; -75.7%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2015 and 50.0% of total transactions in 2016)

Notobe1,304 JPY/sq.m (-92% compared with the previous year)

The average price of a sq.m Home of Notobe was 1,304 JPY/sq.m. The market value represents a decrease of 15,894 JPY (-92.4%) 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 size of the real estate was 360.0 sq.m (a +4.3% increase compared to the 345.0 sq.m of last year.). The average total floor space of the real estate was 230.0 sq.m (a +124.4% increase compared to the 102.5 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 16.0 min in 2015 and 14.0 min in 2016; -12.5%)

Takamatsu63,225 JPY/sq.m (-35% compared with the previous year)

The average price of a sq.m Home of Takamatsu was 63,225 JPY/sq.m. The market value represents a decrease of 34,502 JPY (-35.3%) 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 age of the real estate was 12.0 years old (a -38.5% decrease compared to the 19.5 years old of last year.). The average size of the real estate was 500.0 sq.m (a -18.7% decrease compared to the 615.0 sq.m of last year.). The average total floor space of the real estate was 155.0 sq.m (a -6.1% decrease compared to the 165.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 19.5 years old in 2015 and 12.0 years old in 2016; -38.5%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.5 min in 2015 and 28.0 min in 2016; +43.6%)

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)