Hokuriku Shinkansen Home market overview

The average price of a sq.m Home of Hokuriku Shinkansen (Kanazawa to Kanazawa), in Jan, 2017 to Jun, 2017 was 128,873 JPY/sq.m. The market value represents a decrease of 7,558 JPY (-5.5%) compared to 1 year ago and a transition to a bear market. 67 properties exchanged hands ( The market value represents a decrease of 235 (-77.8%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 29.0 years old (a +5.9% increase compared to the 27.4 years old of last year.). The average size of the real estate was 234.9 sq.m (a -1.7% decrease compared to the 239.0 sq.m of last year.). The average total floor space of the real estate was 181.5 sq.m (a -7.1% decrease compared to the 195.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station, as well as an increase in transactions involving relatively large total floor space more than 100 sq.m.

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 10% compared to last year. The most dramatic price increase was at Kanazawa station, where prices have decreased -5.5% compared to last year; a sq.m unit now costs 128,873 JPY/sq.m.

The top 1 stations has seen prices increase -5.5% (-7,558 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -5.5% (-7,558 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 45.7 min in 2016 and 39.9 min in 2017; -12.7%)
  • An increase in transactions involving recently constructed buildings under 6 years old (representing 1.5% of total transactions in 2016 and 1.7% of total transactions in 2017)

Causes of price decreases

  • An increase in transactions involving older buildings over 40 years old (representing 27.2% of total transactions in 2016 and 30.0% of total transactions in 2017)
  • An decrease in transactions involving nearly new buildings under 3 years old (representing 18.1% of total transactions in 2016 and 15.0% of total transactions in 2017)

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 128,873 JPY/sq.m. The market value represents a decrease of 7,558 JPY (-5.5%) compared to 1 year ago and a transition to a bear market. 67 properties exchanged hands ( The market value represents a decrease of 235 (-77.8%) 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 128,873 JPY/sq.m. The market value represents a decrease of 7,558 JPY (-5.5%) compared to 1 year ago and a transition to a bear market. 67 properties exchanged hands ( The market value represents a decrease of 235 (-77.8%) compared to 1 year ago and a transition to a dramatic market.).

Hokuriku Shinkansen (Stations Home market overview)
Hokuriku ShinkansenThis year(2017)1 year ago2 years ago
Kanazawa128,873 JPY (29.0Y/234.9sq.m)136,431 JPY (27.4Y/239.0sq.m)132,405 JPY (23.7Y/236.6sq.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

Kanazawa128,873 JPY/sq.m (-6% compared with the previous year)

The average price of a sq.m Home of Kanazawa was 128,873 JPY/sq.m. The market value represents a decrease of 7,558 JPY (-5.5%) compared to 1 year ago and a transition to a bear market. 67 properties exchanged hands ( The market value represents a decrease of 235 (-77.8%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 29.0 years old (a +5.9% increase compared to the 27.4 years old of last year.). The average size of the real estate was 234.9 sq.m (a -1.7% decrease compared to the 239.0 sq.m of last year.). The average total floor space of the real estate was 181.5 sq.m (a -7.1% decrease compared to the 195.3 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 45.7 min in 2016 and 39.9 min in 2017; -12.7%)
  • An increase in transactions involving recently constructed buildings under 6 years old (representing 1.5% of total transactions in 2016 and 1.7% of total transactions in 2017)

Causes of price decreases

  • An increase in transactions involving older buildings over 40 years old (representing 27.2% of total transactions in 2016 and 30.0% of total transactions in 2017)
  • An decrease in transactions involving nearly new buildings under 3 years old (representing 18.1% of total transactions in 2016 and 15.0% of total transactions in 2017)

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)