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, 2015 to Sep, 2015 was 59,219 JPY/sq.m. The market value represents a decrease of 23,194 JPY (-28.1%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents a decrease of 1 (-8.3%) compared to 1 year ago and a transition to a bear market.).

The average age of the real estate was 29.8 years old (a -13.4% decrease compared to the 34.4 years old of last year.). The average size of the real estate was 271.4 sq.m (a -33.8% decrease compared to the 410.0 sq.m of last year.). The average total floor space of the real estate was 164.1 sq.m (a +30.3% increase compared to the 125.9 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.

1 stations have experienced increased prices; 1 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 +35.9% compared to last year; a sq.m unit now costs 113,746 JPY/sq.m.

The top 1 stations has seen prices increase +35.9% (+30,055 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -80.7% (-65,926 JPY/sq.m).


Cause of price increases

  • An decrease in average age of the building (representing 34.4 years old in 2014 and 29.8 years old in 2015; -13.4%)
  • A dramatic decrease in average distance from the station (representing 69.9 min in 2014 and 52.6 min in 2015; -24.7%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2014 and 50.0% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 22.2% of total transactions in 2014 and 30.0% 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 113,746 JPY/sq.m. The market value represents an increase of 30,055 JPY (+35.9%) 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 15,757 JPY/sq.m. The market value represents a decrease of 65,926 JPY (-80.7%) 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(2015)1 year ago2 years ago
Nanao113,746 JPY (19.1Y/182.0sq.m)83,690 JPY (38.8Y/287.0sq.m)100,607 JPY (29.0Y/357.5sq.m)
Wakuraonnsenn16,428 JPY (41.5Y/160.0sq.m)-101,364 JPY (23.5Y/580.0sq.m)
Tatsuruhama3,225 JPY (47.5Y/260.0sq.m)--
Notonakajima---
Anamizu15,757 JPY (37.9Y/413.8sq.m)81,683 JPY (30.9Y/497.9sq.m)61,368 JPY (32.0Y/218.8sq.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

Nanao113,746 JPY/sq.m (+36% compared with the previous year)

The average price of a sq.m Home of Nanao was 113,746 JPY/sq.m. The market value represents an increase of 30,055 JPY (+35.9%) 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 19.1 years old (a -50.8% decrease compared to the 38.8 years old of last year.). The average size of the real estate was 182.0 sq.m (a -36.6% decrease compared to the 287.0 sq.m of last year.). The average total floor space of the real estate was 136.0 sq.m (a +31.1% increase compared to the 103.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 38.8 years old in 2014 and 19.1 years old in 2015; -50.8%)
  • An decrease in average distance from the station (representing 19.0 min in 2014 and 16.2 min in 2015; -14.7%)

Causes of price decreases

  • An increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2014 and 60.0% of total transactions in 2015)

Anamizu15,757 JPY/sq.m (-81% compared with the previous year)

The average price of a sq.m Home of Anamizu was 15,757 JPY/sq.m. The market value represents a decrease of 65,926 JPY (-80.7%) 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 37.9 years old (a +22.4% increase compared to the 30.9 years old of last year.). The average size of the real estate was 413.8 sq.m (a -16.9% decrease compared to the 497.9 sq.m of last year.). The average total floor space of the real estate was 207.5 sq.m (a +49.7% increase compared to the 138.6 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 2014 and 66.7% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 30.9 years old in 2014 and 37.9 years old in 2015; +22.4%)
  • An increase in average distance from the station (representing 106.3 min in 2014 and 120.0 min in 2015; +12.9%)

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)