Noto Railway Nanao Line Home market overview

The average price of a sq.m Home of Noto Railway Nanao Line (Nanao to Anamizu), in Apr, 2016 to Jun, 2016 was 63,681 JPY/sq.m. The market value represents a decrease of 76,319 JPY (-54.5%) compared to 1 year ago and a transition to a dramatic market. 14 properties exchanged hands ( The market value represents an increase of 13 (+1300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 34.9 years old (a +114.9% increase compared to the 16.3 years old of last year.). The average size of the real estate was 325.4 sq.m (a -4.3% decrease compared to the 340.0 sq.m of last year.). The average total floor space of the real estate was 164.6 sq.m (a +311.5% increase compared to the 40.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving very large size more than 200 sq.m.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -79.4% (-111,212 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -79.4% (-111,212 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 120.0 min in 2015 and 64.7 min in 2016; -46.1%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.3 years old in 2015 and 34.9 years old in 2016; +114.9%)

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 Anamizu, the highest market value along this railway was 28,788 JPY/sq.m. The market value represents a decrease of 111,212 JPY (-79.4%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 5 (+500.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Anamizu, the lowest market value along this railway was 28,788 JPY/sq.m. The market value represents a decrease of 111,212 JPY (-79.4%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 5 (+500.0%) 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(2016)1 year ago2 years ago
Nanao71,091 JPY (25.3Y/372.5sq.m)-65,584 JPY (33.3Y/212.9sq.m)
Wakuraonnsenn228,571 JPY (51.3Y/300.0sq.m)-133,333 JPY (33.3Y/250.0sq.m)
Tatsuruhama---
Notonakajima---
Anamizu28,788 JPY (45.6Y/286.7sq.m)140,000 JPY (16.3Y/340.0sq.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

Anamizu28,788 JPY/sq.m (-79% compared with the previous year)

The average price of a sq.m Home of Anamizu was 28,788 JPY/sq.m. The market value represents a decrease of 111,212 JPY (-79.4%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 5 (+500.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 45.6 years old (a +180.5% increase compared to the 16.3 years old of last year.). The average size of the real estate was 286.7 sq.m (a -15.7% decrease compared to the 340.0 sq.m of last year.). The average total floor space of the real estate was 155.0 sq.m (a +287.5% increase compared to the 40.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.3 years old in 2015 and 45.6 years old in 2016; +180.5%)

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)