Noto Railway Nanao Line Home market overview

The average price of a sq.m Home of Noto Railway Nanao Line (Nanao to Anamizu), in Jul, 2013 to Sep, 2013 was 87,654 JPY/sq.m. The market value represents an increase of 26,629 JPY (+43.6%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents a decrease of 1 (-7.7%) compared to 1 year ago and a transition to a bear market.).

The average age of the real estate was 29.1 years old (a -14.0% decrease compared to the 33.8 years old of last year.). The average size of the real estate was 348.3 sq.m (a -25.0% decrease compared to the 464.6 sq.m of last year.). The average total floor space of the real estate was 147.9 sq.m (a +8.6% increase compared to the 136.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty 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.

2 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was the same as last year. Anamizu station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Anamizu station, where prices have increased +58.9% compared to last year; a sq.m unit now costs 61,368 JPY/sq.m.

The top 1 stations has seen prices increase +58.9% (+22,750 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +3.1% (+3,068 JPY/sq.m).


Cause of price increases

  • An decrease in average age of the building (representing 33.8 years old in 2012 and 29.1 years old in 2013; -14.0%)
  • A dramatic decrease in average distance from the station (representing 69.6 min in 2012 and 43.7 min in 2013; -37.3%)

Causes of price decreases

  • An increase in transactions involving older buildings over 40 years old (representing 30.0% of total transactions in 2012 and 33.3% of total transactions in 2013)
  • A some increase in transactions involving relatively old buildings under 40 years old (representing 40.0% of total transactions in 2012 and 41.7% of total transactions in 2013)

Breakdown of each segment

The table below shows Home dealt in Noto Railway 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 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 price of a sq.m Home of Anamizu, the lowest market value along this railway was 61,368 JPY/sq.m. The market value represents an increase of 22,750 JPY (+58.9%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 3 (-42.9%) compared to 1 year ago and a transition to a dramatic market.).

Noto Railway Nanao Line (Stations Home market overview)
Noto Railway Nanao LineThis year(2013)1 year ago2 years ago
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)
Tatsuruhama-35,294 JPY (18.5Y/2000.0sq.m)36,178 JPY (26.5Y/540.0sq.m)
Notonakajima---
Anamizu61,368 JPY (32.0Y/218.8sq.m)38,619 JPY (36.8Y/424.3sq.m)27,893 JPY (17.5Y/1061.7sq.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

Anamizu61,368 JPY/sq.m (+59% compared with the previous year)

The average price of a sq.m Home of Anamizu was 61,368 JPY/sq.m. The market value represents an increase of 22,750 JPY (+58.9%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 3 (-42.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 32.0 years old (a -13.0% decrease compared to the 36.8 years old of last year.). The average size of the real estate was 218.8 sq.m (a -48.4% decrease compared to the 424.3 sq.m of last year.). The average total floor space of the real estate was 122.5 sq.m (a -7.3% decrease compared to the 132.1 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 36.8 years old in 2012 and 32.0 years old in 2013; -13.0%)
  • An decrease in average distance from the station (representing 111.4 min in 2012 and 92.5 min in 2013; -17.0%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 42.9% of total transactions in 2012 and 25.0% of total transactions in 2013)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 28.6% of total transactions in 2012 and 50.0% of total transactions in 2013)

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)