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, 2014 to Sep, 2014 was 82,413 JPY/sq.m. The market value represents a decrease of 5,241 JPY (-6.0%) compared to 1 year ago and a transition to a bear market. 12 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 34.4 years old (a +18.3% increase compared to the 29.1 years old of last year.). The average size of the real estate was 410.0 sq.m (a +17.7% increase compared to the 348.3 sq.m of last year.). The average total floor space of the real estate was 125.9 sq.m (a -14.9% decrease compared to the 147.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old, as well as a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. 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 +33.1% compared to last year; a sq.m unit now costs 81,683 JPY/sq.m.

The top 1 stations has seen prices increase +33.1% (+20,315 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -16.8% (-16,917 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 33.3% of total transactions in 2013 and 22.2% of total transactions in 2014)

Causes of price decreases

  • An increase in average age of the building (representing 29.1 years old in 2013 and 34.4 years old in 2014; +18.3%)
  • A dramatic increase in average distance from the station (representing 43.7 min in 2013 and 69.9 min in 2014; +60.1%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 41.7% of total transactions in 2013 and 66.7% of total transactions in 2014)

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 83,690 JPY/sq.m. The market value represents a decrease of 16,917 JPY (-16.8%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents a decrease of 1 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average price of a sq.m Home of Anamizu, the lowest market value along this railway was 81,683 JPY/sq.m. The market value represents an increase of 20,315 JPY (+33.1%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 3 (+75.0%) 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(2014)1 year ago2 years ago
Nanao83,690 JPY (38.8Y/287.0sq.m)100,607 JPY (29.0Y/357.5sq.m)97,540 JPY (31.0Y/214.0sq.m)
Wakuraonnsenn-101,364 JPY (23.5Y/580.0sq.m)-
Tatsuruhama--35,294 JPY (18.5Y/2000.0sq.m)
Notonakajima---
Anamizu81,683 JPY (30.9Y/497.9sq.m)61,368 JPY (32.0Y/218.8sq.m)38,619 JPY (36.8Y/424.3sq.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

Anamizu81,683 JPY/sq.m (+33% compared with the previous year)

The average price of a sq.m Home of Anamizu was 81,683 JPY/sq.m. The market value represents an increase of 20,315 JPY (+33.1%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 3 (+75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 30.9 years old (a -3.4% decrease compared to the 32.0 years old of last year.). The average size of the real estate was 497.9 sq.m (a +127.6% increase compared to the 218.8 sq.m of last year.). The average total floor space of the real estate was 138.6 sq.m (a +13.1% increase compared to the 122.5 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 92.5 min in 2013 and 106.3 min in 2014; +14.9%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2013 and 80.0% of total transactions in 2014)

Nanao83,690 JPY/sq.m (-17% compared with the previous year)

The average price of a sq.m Home of Nanao was 83,690 JPY/sq.m. The market value represents a decrease of 16,917 JPY (-16.8%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents a decrease of 1 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 38.8 years old (a +33.8% increase compared to the 29.0 years old of last year.). The average size of the real estate was 287.0 sq.m (a -19.7% decrease compared to the 357.5 sq.m of last year.). The average total floor space of the real estate was 103.8 sq.m (a -39.0% decrease compared to the 170.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 21.5 min in 2013 and 19.0 min in 2014; -11.6%)
  • A slight decrease in transactions involving older buildings over 40 years old (representing 50.0% of total transactions in 2013 and 50.0% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 29.0 years old in 2013 and 38.8 years old in 2014; +33.8%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 16.7% of total transactions in 2013 and 50.0% of total transactions in 2014)

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)