Noto Railway Nanao Line Home market overview

The average price of a sq.m Home of Noto Railway Nanao Line (Nanao to Anamizu), in Oct, 2013 to Dec, 2013 was 55,845 JPY/sq.m. The market value represents an increase of 10,092 JPY (+22.1%) compared to 1 year ago and a transition to a dramatic market. 21 properties exchanged hands ( The market value represents an increase of 9 (+75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 28.6 years old (a +0.1% increase compared to the 28.5 years old of last year.). The average size of the real estate was 378.8 sq.m (a -16.9% decrease compared to the 455.8 sq.m of last year.). The average total floor space of the real estate was 145.2 sq.m (a -22.4% decrease compared to the 187.1 sq.m of last year.).

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

2 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was the same as last year. Tatsuruhama, 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 +72.6% compared to last year; a sq.m unit now costs 56,903 JPY/sq.m.

The top 1 stations has seen prices increase +72.6% (+23,943 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -16.1% (-11,344 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 61.9 min in 2012 and 39.7 min in 2013; -35.9%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 58.3% of total transactions in 2012 and 40.0% of total transactions in 2013)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 16.7% of total transactions in 2012 and 26.7% of total transactions in 2013)
  • An decrease in transactions involving nearly new buildings under 3 years old (representing 8.3% of total transactions in 2012 and 6.7% 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 59,199 JPY/sq.m. The market value represents a decrease of 11,344 JPY (-16.1%) compared to 1 year ago and a transition to a weak 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 price of a sq.m Home of Tatsuruhama, the lowest market value along this railway was 20,000 JPY/sq.m. The market value represents an increase of 4,236 JPY (+26.9%) 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.).

Noto Railway Nanao Line (Stations Home market overview)
Noto Railway Nanao LineThis year(2013)1 year ago2 years ago
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)
Tatsuruhama20,000 JPY (51.8Y/1800.0sq.m)15,764 JPY (39.3Y/360.0sq.m)-
Notonakajima--7,368 JPY (40.8Y/220.0sq.m)
Anamizu56,903 JPY (23.3Y/330.8sq.m)32,960 JPY (24.4Y/554.0sq.m)55,146 JPY (16.6Y/261.4sq.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

Anamizu56,903 JPY/sq.m (+73% compared with the previous year)

The average price of a sq.m Home of Anamizu was 56,903 JPY/sq.m. The market value represents an increase of 23,943 JPY (+72.6%) compared to 1 year ago and a transition to a dramatic 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 23.3 years old (a -4.6% decrease compared to the 24.4 years old of last year.). The average size of the real estate was 330.8 sq.m (a -40.3% decrease compared to the 554.0 sq.m of last year.). The average total floor space of the real estate was 191.7 sq.m (a -18.8% decrease compared to the 236.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 120.0 min in 2012 and 101.5 min in 2013; -15.4%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 60.0% of total transactions in 2012 and 25.0% of total transactions in 2013)

Nanao59,199 JPY/sq.m (-16% compared with the previous year)

The average price of a sq.m Home of Nanao was 59,199 JPY/sq.m. The market value represents a decrease of 11,344 JPY (-16.1%) compared to 1 year ago and a transition to a weak 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 27.5 years old (a -3.1% decrease compared to the 28.4 years old of last year.). The average size of the real estate was 313.0 sq.m (a -21.0% decrease compared to the 396.0 sq.m of last year.). The average total floor space of the real estate was 130.5 sq.m (a -9.4% decrease compared to the 144.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 23.8 min in 2012 and 15.7 min in 2013; -34.0%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 60.0% of total transactions in 2012 and 42.9% of total transactions in 2013)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 20.0% of total transactions in 2012 and 28.6% 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)