Hokuriku Shinkansen Home market overview

The average price of a sq.m Home of Hokuriku Shinkansen (Kanazawa to Kanazawa), in Jul, 2016 to Sep, 2016 was 117,270 JPY/sq.m. The market value represents a decrease of 15,220 JPY (-11.5%) compared to 1 year ago and a transition to a weak market. 88 properties exchanged hands ( The market value represents a decrease of 40 (-31.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 29.6 years old (a +32.1% increase compared to the 22.4 years old of last year.). The average size of the real estate was 209.7 sq.m (a -6.3% decrease compared to the 223.9 sq.m of last year.). The average total floor space of the real estate was 161.8 sq.m (a -16.3% decrease compared to the 193.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old, as well as a dramatic increase in transactions involving older buildings over 40 years old.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations. Kanazawa station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Kanazawa station, where prices have decreased -11.5% compared to last year; a sq.m unit now costs 117,270 JPY/sq.m.

The top 1 stations has seen prices increase -11.5% (-15,220 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -11.5% (-15,220 JPY/sq.m).


Cause of price increases

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 0.9% of total transactions in 2015 and 1.4% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 22.4 years old in 2015 and 29.6 years old in 2016; +32.1%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 16.0% of total transactions in 2015 and 27.0% of total transactions in 2016)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 31.1% of total transactions in 2015 and 13.5% of total transactions in 2016)

Breakdown of each segment

The table below shows Home dealt in Hokuriku Shinkansen, 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 Kanazawa, the highest market value along this railway was 117,270 JPY/sq.m. The market value represents a decrease of 15,220 JPY (-11.5%) compared to 1 year ago and a transition to a weak market. 88 properties exchanged hands ( The market value represents a decrease of 40 (-31.2%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Kanazawa, the lowest market value along this railway was 117,270 JPY/sq.m. The market value represents a decrease of 15,220 JPY (-11.5%) compared to 1 year ago and a transition to a weak market. 88 properties exchanged hands ( The market value represents a decrease of 40 (-31.2%) compared to 1 year ago and a transition to a dramatic market.).

Hokuriku Shinkansen (Stations Home market overview)
Hokuriku ShinkansenThis year(2016)1 year ago2 years ago
Kanazawa117,270 JPY (29.6Y/209.7sq.m)132,490 JPY (22.4Y/223.9sq.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

Kanazawa117,270 JPY/sq.m (-11% compared with the previous year)

The average price of a sq.m Home of Kanazawa was 117,270 JPY/sq.m. The market value represents a decrease of 15,220 JPY (-11.5%) compared to 1 year ago and a transition to a weak market. 88 properties exchanged hands ( The market value represents a decrease of 40 (-31.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 29.6 years old (a +32.1% increase compared to the 22.4 years old of last year.). The average size of the real estate was 209.7 sq.m (a -6.3% decrease compared to the 223.9 sq.m of last year.). The average total floor space of the real estate was 161.8 sq.m (a -16.3% decrease compared to the 193.2 sq.m of last year.).

Cause of price increases

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 0.9% of total transactions in 2015 and 1.4% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 22.4 years old in 2015 and 29.6 years old in 2016; +32.1%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 16.0% of total transactions in 2015 and 27.0% of total transactions in 2016)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 31.1% of total transactions in 2015 and 13.5% 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)