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, 2016 to Sep, 2016 was 68,711 JPY/sq.m. The market value represents an increase of 6,520 JPY (+10.5%) compared to 1 year ago and a transition to a bull market. 53 properties exchanged hands ( The market value represents an increase of 28 (+112.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 37.7 years old (a +22.3% increase compared to the 30.8 years old of last year.). The average size of the real estate was 326.8 sq.m (a +29.8% increase compared to the 251.8 sq.m of last year.). The average total floor space of the real estate was 158.4 sq.m (a +3.4% increase compared to the 153.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving total floor space for a general family households less than 100 sq.m, as well as a dramatic increase in transactions involving older buildings over 40 years old.

2 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was the same as last year. Nanao station has seen a price decrease of over 20% compared to last year. The most dramatic price increase was at Nanao station, where prices have decreased -0.0% compared to last year; a sq.m unit now costs 92,192 JPY/sq.m.

The top 1 stations has seen prices increase +222.7% (+66,017 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -0.0% (-25 JPY/sq.m).


Cause of price increases

  • An decrease in transactions involving relatively old buildings under 40 years old (representing 52.2% of total transactions in 2015 and 45.2% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 30.8 years old in 2015 and 37.7 years old in 2016; +22.3%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 26.1% of total transactions in 2015 and 40.5% of total transactions in 2016)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 8.7% of total transactions in 2015 and 4.8% of total transactions in 2016)

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 Wakuraonnsenn, the highest market value along this railway was 95,667 JPY/sq.m. The market value represents an increase of 66,017 JPY (+222.7%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 4 (+133.3%) 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 49,516 JPY/sq.m. The market value represents an increase of 386 JPY (+0.8%) compared to 1 year ago and a transition to a slight market. 29 properties exchanged hands ( The market value represents an increase of 18 (+163.6%) 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
Nanao92,192 JPY (32.3Y/437.1sq.m)92,217 JPY (26.8Y/198.5sq.m)62,963 JPY (31.4Y/257.1sq.m)
Wakuraonnsenn95,667 JPY (31.8Y/502.1sq.m)29,650 JPY (36.2Y/346.7sq.m)194,117 JPY (39.1Y/771.7sq.m)
Tatsuruhama-3,225 JPY (47.5Y/260.0sq.m)-
Notonakajima--9,302 JPY (42.0Y/2000.0sq.m)
Anamizu49,516 JPY (42.3Y/219.8sq.m)49,130 JPY (31.7Y/273.6sq.m)74,678 JPY (28.0Y/522.5sq.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

Wakuraonnsenn95,667 JPY/sq.m (+223% compared with the previous year)

The average price of a sq.m Home of Wakuraonnsenn was 95,667 JPY/sq.m. The market value represents an increase of 66,017 JPY (+222.7%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 4 (+133.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 31.8 years old (a -12.1% decrease compared to the 36.2 years old of last year.). The average size of the real estate was 502.1 sq.m (a +44.8% increase compared to the 346.7 sq.m of last year.). The average total floor space of the real estate was 107.5 sq.m (a -50.4% decrease compared to the 216.7 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 36.2 years old in 2015 and 31.8 years old in 2016; -12.1%)
  • A dramatic decrease in average distance from the station (representing 47.7 min in 2015 and 31.1 min in 2016; -34.7%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 66.7% of total transactions in 2015 and 16.7% of total transactions in 2016)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 33.3% of total transactions in 2015 and 14.3% of total transactions in 2016)

Nanao92,192 JPY/sq.m (-0% compared with the previous year)

The average price of a sq.m Home of Nanao was 92,192 JPY/sq.m. The market value represents a decrease of 25 JPY (-0.0%) compared to 1 year ago and a transition to a slight market. 17 properties exchanged hands ( The market value represents an increase of 7 (+70.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 32.3 years old (a +20.6% increase compared to the 26.8 years old of last year.). The average size of the real estate was 437.1 sq.m (a +120.2% increase compared to the 198.5 sq.m of last year.). The average total floor space of the real estate was 213.8 sq.m (a +43.9% increase compared to the 148.5 sq.m of last year.).

Cause of price increases

  • An decrease in transactions involving relatively old buildings under 40 years old (representing 70.0% of total transactions in 2015 and 61.5% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 26.8 years old in 2015 and 32.3 years old in 2016; +20.6%)
  • A dramatic increase in average distance from the station (representing 17.5 min in 2015 and 24.9 min in 2016; +42.5%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 10.0% of total transactions in 2015 and 23.1% of total transactions in 2016)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 20.0% of total transactions in 2015 and 7.7% of total transactions in 2016)

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)