Hokuriku Shinkansen Ishikawa 2017-FY
Home market report

Hokuriku Shinkansen railway market report

Hokuriku Shinkansen Home market overview

The average price of a sq.m Home of Hokuriku Shinkansen (Kanazawa to Kanazawa), in Jan, 2017 to Dec, 2017 was 141,111 JPY/sq.m. The market value represents a decrease of 1,553 JPY (-1.1%) compared to 1 year ago and a transition to a slight market. 204 properties exchanged hands ( The market value represents a decrease of 235 (-53.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 27.9 years old (a +6.1% increase compared to the 26.3 years old of last year.). The average size of the real estate was 253.0 sq.m (a +8.2% increase compared to the 233.9 sq.m of last year.). The average total floor space of the real estate was 201.0 sq.m (a +6.0% increase compared to the 189.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an increase in transactions involving relatively large total floor space more than 100 sq.m, as well as a dramatic decrease in transactions involving total floor space for a general family households less 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 20% compared to last year. The most dramatic price increase was at Kanazawa station, where prices have decreased -1.1% compared to last year; a sq.m unit now costs 141,111 JPY/sq.m.

The top 1 stations has seen prices increase -1.1% (-1,553 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -1.1% (-1,553 JPY/sq.m).

Causes of price decreases

  • An increase in transactions involving relatively old buildings under 40 years old (representing 37.0% of total transactions in 2016 and 41.9% of total transactions in 2017)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 19.9% of total transactions in 2016 and 15.6% 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:

※各年ごとの取引件数の割合が高いセグメントほど赤く表示

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Home stations market overview

The average price of a sq.m Home of Kanazawa, the highest market value along this railway was 141,111 JPY/sq.m. The market value represents a decrease of 1,553 JPY (-1.1%) compared to 1 year ago and a transition to a slight market. 204 properties exchanged hands ( The market value represents a decrease of 235 (-53.5%) 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 141,111 JPY/sq.m. The market value represents a decrease of 1,553 JPY (-1.1%) compared to 1 year ago and a transition to a slight market. 204 properties exchanged hands ( The market value represents a decrease of 235 (-53.5%) 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
Kanazawa141,111 JPY (27.9Y/253.0sq.m)142,665 JPY (26.3Y/233.9sq.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.

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Noteworthy stations

Kanazawa141,111 JPY/sq.m (-1% compared with the previous year)

The average price of a sq.m Home of Kanazawa was 141,111 JPY/sq.m. The market value represents a decrease of 1,553 JPY (-1.1%) compared to 1 year ago and a transition to a slight market. 204 properties exchanged hands ( The market value represents a decrease of 235 (-53.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 27.9 years old (a +6.1% increase compared to the 26.3 years old of last year.). The average size of the real estate was 253.0 sq.m (a +8.2% increase compared to the 233.9 sq.m of last year.). The average total floor space of the real estate was 201.0 sq.m (a +6.0% increase compared to the 189.7 sq.m of last year.).

Causes of price decreases

  • An increase in transactions involving relatively old buildings under 40 years old (representing 37.0% of total transactions in 2016 and 41.9% of total transactions in 2017)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 19.9% of total transactions in 2016 and 15.6% of total transactions in 2017)

Breakdown of each segment

Station:   Segment:

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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)