IR Ishikawa Railway Home market overview

The average price of a sq.m Home of IR Ishikawa Railway (Tsubata to Kanazawa), in Jan, 2017 to Jun, 2017 was 132,288 JPY/sq.m. The market value represents a decrease of 2,947 JPY (-2.2%) compared to 1 year ago and a transition to a slight market. 69 properties exchanged hands ( The market value represents a decrease of 265 (-79.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 28.5 years old (a +6.0% increase compared to the 26.9 years old of last year.). The average size of the real estate was 234.3 sq.m (a -4.5% decrease compared to the 245.2 sq.m of last year.). The average total floor space of the real estate was 181.8 sq.m (a -8.7% decrease compared to the 199.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving size for a general family households less than 100 sq.m, as well as an increase in transactions involving relatively large total floor space more than 100 sq.m.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Kanazawa station has seen a price decrease of over 10% compared to last year. The most dramatic price increase was at Kanazawa station, where prices have decreased -5.5% compared to last year; a sq.m unit now costs 128,873 JPY/sq.m.

The top 1 stations has seen prices increase +161.2% (+146,994 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -5.5% (-7,558 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 43.3 min in 2016 and 38.8 min in 2017; -10.2%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 0.3% of total transactions in 2016 and 1.4% of total transactions in 2017)
  • An increase in transactions involving recently constructed buildings under 6 years old (representing 1.4% of total transactions in 2016 and 1.6% of total transactions in 2017)

Causes of price decreases

  • A some increase in transactions involving relatively old buildings under 40 years old (representing 39.2% of total transactions in 2016 and 41.9% of total transactions in 2017)
  • An decrease in transactions involving nearly new buildings under 3 years old (representing 19.3% of total transactions in 2016 and 16.1% of total transactions in 2017)

Breakdown of each segment

The table below shows Home dealt in IR Ishikawa Railway, 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 Morimoto, the highest market value along this railway was 238,154 JPY/sq.m. The market value represents an increase of 146,994 JPY (+161.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 14 (-87.5%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Kanazawa, the lowest market value along this railway was 128,873 JPY/sq.m. The market value represents a decrease of 7,558 JPY (-5.5%) compared to 1 year ago and a transition to a bear market. 67 properties exchanged hands ( The market value represents a decrease of 235 (-77.8%) compared to 1 year ago and a transition to a dramatic market.).

IR Ishikawa Railway (Stations Home market overview)
IR Ishikawa RailwayThis year(2017)1 year ago2 years ago
Tsubata-115,659 JPY (21.8Y/298.3sq.m)99,760 JPY (14.4Y/511.1sq.m)
Morimoto238,154 JPY (13.6Y/212.5sq.m)91,159 JPY (27.8Y/284.1sq.m)85,245 JPY (28.7Y/476.8sq.m)
Higashikanazawa-188,646 JPY (15.4Y/154.4sq.m)176,095 JPY (21.2Y/166.1sq.m)
Kanazawa128,873 JPY (29.0Y/234.9sq.m)136,431 JPY (27.4Y/239.0sq.m)132,405 JPY (23.7Y/236.6sq.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

Morimoto238,154 JPY/sq.m (+161% compared with the previous year)

The average price of a sq.m Home of Morimoto was 238,154 JPY/sq.m. The market value represents an increase of 146,994 JPY (+161.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 14 (-87.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 13.6 years old (a -51.0% decrease compared to the 27.8 years old of last year.). The average size of the real estate was 212.5 sq.m (a -25.2% decrease compared to the 284.1 sq.m of last year.). The average total floor space of the real estate was 192.5 sq.m (a -11.7% decrease compared to the 218.1 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 27.8 years old in 2016 and 13.6 years old in 2017; -51.0%)
  • A dramatic decrease in average distance from the station (representing 21.9 min in 2016 and 3.5 min in 2017; -84.0%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 6.2% of total transactions in 2016 and 50.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 40.0% of total transactions in 2016 and 50.0% of total transactions in 2017)

Kanazawa128,873 JPY/sq.m (-6% compared with the previous year)

The average price of a sq.m Home of Kanazawa was 128,873 JPY/sq.m. The market value represents a decrease of 7,558 JPY (-5.5%) compared to 1 year ago and a transition to a bear market. 67 properties exchanged hands ( The market value represents a decrease of 235 (-77.8%) 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 +5.9% increase compared to the 27.4 years old of last year.). The average size of the real estate was 234.9 sq.m (a -1.7% decrease compared to the 239.0 sq.m of last year.). The average total floor space of the real estate was 181.5 sq.m (a -7.1% decrease compared to the 195.3 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 45.7 min in 2016 and 39.9 min in 2017; -12.7%)
  • An increase in transactions involving recently constructed buildings under 6 years old (representing 1.5% of total transactions in 2016 and 1.7% of total transactions in 2017)

Causes of price decreases

  • An increase in transactions involving older buildings over 40 years old (representing 27.2% of total transactions in 2016 and 30.0% of total transactions in 2017)
  • An decrease in transactions involving nearly new buildings under 3 years old (representing 18.1% of total transactions in 2016 and 15.0% of total transactions in 2017)

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)