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, 2015 to Mar, 2015 was 49,724 JPY/sq.m. The market value represents a decrease of 15,551 JPY (-23.8%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 35.6 years old (a +27.7% increase compared to the 27.9 years old of last year.). The average size of the real estate was 222.7 sq.m (a -66.2% decrease compared to the 659.1 sq.m of last year.). The average total floor space of the real estate was 160.0 sq.m (a -65.9% decrease compared to the 469.1 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 relatively large size more than 100 sq.m.

1 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Nanao station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nanao station, where prices have increased +65.5% compared to last year; a sq.m unit now costs 70,688 JPY/sq.m.

The top 1 stations has seen prices increase +65.5% (+27,978 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -85.8% (-218,640 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 40.0% of total transactions in 2014 and 30.0% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 27.9 years old in 2014 and 35.6 years old in 2015; +27.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 20.0% of total transactions in 2014 and 60.0% of total transactions in 2015)

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 70,688 JPY/sq.m. The market value represents an increase of 27,978 JPY (+65.5%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Home of Anamizu, the lowest market value along this railway was 30,250 JPY/sq.m. The market value represents a decrease of 28,083 JPY (-48.1%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 1 (+33.3%) 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(2015)1 year ago2 years ago
Nanao70,688 JPY (34.4Y/215.0sq.m)42,710 JPY (21.0Y/289.0sq.m)104,217 JPY (15.0Y/271.7sq.m)
Wakuraonnsenn36,261 JPY (33.5Y/440.0sq.m)254,901 JPY (42.0Y/1032.5sq.m)74,404 JPY (26.0Y/287.5sq.m)
Tatsuruhama---
Notonakajima-9,302 JPY (42.0Y/2000.0sq.m)-
Anamizu30,250 JPY (39.1Y/123.8sq.m)58,333 JPY (23.0Y/580.0sq.m)27,233 JPY (35.4Y/434.2sq.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

Nanao70,688 JPY/sq.m (+66% compared with the previous year)

The average price of a sq.m Home of Nanao was 70,688 JPY/sq.m. The market value represents an increase of 27,978 JPY (+65.5%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 34.4 years old (a +63.8% increase compared to the 21.0 years old of last year.). The average size of the real estate was 215.0 sq.m (a -25.6% decrease compared to the 289.0 sq.m of last year.). The average total floor space of the real estate was 161.0 sq.m (a +3.2% increase compared to the 156.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 58.6 min in 2014 and 18.8 min in 2015; -67.9%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 21.0 years old in 2014 and 34.4 years old in 2015; +63.8%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2014 and 80.0% of total transactions in 2015)

Wakuraonnsenn36,261 JPY/sq.m (-86% compared with the previous year)

The average price of a sq.m Home of Wakuraonnsenn was 36,261 JPY/sq.m. The market value represents a decrease of 218,640 JPY (-85.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 33.5 years old (a -20.2% decrease compared to the 42.0 years old of last year.). The average size of the real estate was 440.0 sq.m (a -57.4% decrease compared to the 1032.5 sq.m of last year.). The average total floor space of the real estate was 255.0 sq.m (a -79.7% decrease compared to the 1255.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 42.0 years old in 2014 and 33.5 years old in 2015; -20.2%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 100.0% of total transactions in 2014 and 50.0% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 22.5 min in 2014 and 69.0 min in 2015; +206.7%)

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)