Noto Railway Nanao Line Home market overview

The average price of a sq.m Home of Noto Railway Nanao Line (Nanao to Anamizu), in Jan, 2013 to Dec, 2013 was 64,415 JPY/sq.m. The market value represents an increase of 19,167 JPY (+42.4%) compared to 1 year ago and a transition to a dramatic market. 57 properties exchanged hands ( The market value represents an increase of 4 (+7.5%) compared to 1 year ago and a transition to a strong market.).

The average age of the real estate was 27.9 years old (a -7.6% decrease compared to the 30.2 years old of last year.). The average size of the real estate was 407.9 sq.m (a -7.5% decrease compared to the 440.8 sq.m of last year.). The average total floor space of the real estate was 179.7 sq.m (a -23.1% decrease compared to the 233.9 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 increase in transactions involving relatively large total floor space more than 100 sq.m.

3 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was toward increased prices. Nanao, Wakuraonnsenn, Anamizu station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Wakuraonnsenn station, where prices have increased +55.0% compared to last year; a sq.m unit now costs 59,467 JPY/sq.m.

The top 1 stations has seen prices increase +55.0% (+21,097 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -10.2% (-2,274 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 60.8 min in 2012 and 52.3 min in 2013; -14.1%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 57.1% of total transactions in 2012 and 43.8% of total transactions in 2013)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 2.0% of total transactions in 2012 and 4.2% of total transactions in 2013)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 18.4% of total transactions in 2012 and 25.0% 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 80,171 JPY/sq.m. The market value represents an increase of 14,826 JPY (+22.7%) compared to 1 year ago and a transition to a dramatic market. 24 properties exchanged hands ( The market value represents an increase of 4 (+20.0%) 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 a decrease of 2,274 JPY (-10.2%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) 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
Nanao80,171 JPY (25.3Y/438.1sq.m)65,345 JPY (30.7Y/254.8sq.m)62,134 JPY (26.4Y/225.4sq.m)
Wakuraonnsenn59,467 JPY (27.5Y/311.8sq.m)38,370 JPY (29.3Y/630.0sq.m)57,330 JPY (28.8Y/715.8sq.m)
Tatsuruhama20,000 JPY (51.8Y/1800.0sq.m)22,274 JPY (32.4Y/906.7sq.m)36,178 JPY (26.5Y/540.0sq.m)
Notonakajima--7,368 JPY (40.8Y/220.0sq.m)
Anamizu50,796 JPY (29.5Y/358.8sq.m)33,028 JPY (29.8Y/495.8sq.m)37,921 JPY (21.1Y/496.5sq.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

Wakuraonnsenn59,467 JPY/sq.m (+55% compared with the previous year)

The average price of a sq.m Home of Wakuraonnsenn was 59,467 JPY/sq.m. The market value represents an increase of 21,097 JPY (+55.0%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents an increase of 6 (+120.0%) 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 -6.1% decrease compared to the 29.3 years old of last year.). The average size of the real estate was 311.8 sq.m (a -50.5% decrease compared to the 630.0 sq.m of last year.). The average total floor space of the real estate was 126.8 sq.m (a -81.1% decrease compared to the 671.0 sq.m of last year.).

Cause of price increases

  • An decrease in transactions involving relatively old buildings under 40 years old (representing 80.0% of total transactions in 2012 and 66.7% of total transactions in 2013)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 22.0 min in 2012 and 28.5 min in 2013; +29.3%)

Tatsuruhama20,000 JPY/sq.m (-10% compared with the previous year)

The average price of a sq.m Home of Tatsuruhama was 20,000 JPY/sq.m. The market value represents a decrease of 2,274 JPY (-10.2%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 51.8 years old (a +60.0% increase compared to the 32.4 years old of last year.). The average size of the real estate was 1800.0 sq.m (a +98.5% increase compared to the 906.7 sq.m of last year.). The average total floor space of the real estate was 125.0 sq.m (a -45.3% decrease compared to the 228.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 14.0 min in 2012 and 8.0 min in 2013; -42.9%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 32.4 years old in 2012 and 51.8 years old in 2013; +60.0%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 33.3% of total transactions in 2012 and 100.0% 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)