Nishitetsu Amagi Line Fukuka 2015-FY
Land market report

Nishitetsu Amagi Line railway market report

Nishitetsu Amagi Line Land market overview

The average price of a sq.m Land of Nishitetsu Amagi Line (Miyanojinn to Amagi), in Jan, 2015 to Dec, 2015 was 20,856 JPY/sq.m. The market value represents an increase of 6,598 JPY (+46.3%) compared to 1 year ago and a transition to a dramatic market. 71 properties exchanged hands ( The market value represents a decrease of 10 (-12.3%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 473.7 sq.m (a -26.3% decrease compared to the 642.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

5 stations have experienced increased prices; 2 stations have experienced decreased prices. The overall trend was the same as last year. Amagi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kamiura station, where prices have increased +472.8% compared to last year; a sq.m unit now costs 12,121 JPY/sq.m.

The top 2 stations has seen prices increase +293.6% (+7,126 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -27.5% (-5,815 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 32.6 min in 2014 and 29.1 min in 2015; -10.5%)

Causes of price decreases

  • A some decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 12.3% of total transactions in 2014 and 11.3% of total transactions in 2015)

Breakdown of each segment

The table below shows Land dealt in Nishitetsu Amagi 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:

※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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Land stations market overview

The average price of a sq.m Land of Kitano, the highest market value along this railway was 30,649 JPY/sq.m. The market value represents an increase of 488 JPY (+1.6%) compared to 1 year ago and a transition to a slight market. 7 properties exchanged hands ( The market value represents a decrease of 1 (-12.5%) compared to 1 year ago and a transition to a weak market.).

The average price of a sq.m Land of Oozeki, the lowest market value along this railway was 7,961 JPY/sq.m. The market value represents an increase of 4,247 JPY (+114.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

Nishitetsu Amagi Line (Stations Land market overview)
Nishitetsu Amagi LineThis year(2015)1 year ago2 years ago
Miyanojinn51,741 JPY (0.0Y/815.0sq.m)-67,554 JPY (0.0Y/835.0sq.m)
Goroumaru---
Gakkoumae14,418 JPY (0.0Y/765.0sq.m)-30,909 JPY (0.0Y/220.0sq.m)
Kogannchaya15,891 JPY (0.0Y/447.5sq.m)25,000 JPY (0.0Y/320.0sq.m)30,434 JPY (0.0Y/230.0sq.m)
Kitano30,649 JPY (0.0Y/172.1sq.m)30,161 JPY (0.0Y/501.2sq.m)18,719 JPY (0.0Y/288.6sq.m)
Ooki17,474 JPY (0.0Y/332.5sq.m)-25,588 JPY (0.0Y/340.0sq.m)
Kaneshima-12,938 JPY (0.0Y/196.7sq.m)10,771 JPY (0.0Y/128.8sq.m)
Oozeki7,961 JPY (0.0Y/690.0sq.m)3,714 JPY (0.0Y/140.0sq.m)20,542 JPY (0.0Y/230.0sq.m)
Honngou11,082 JPY (0.0Y/976.7sq.m)13,604 JPY (0.0Y/406.7sq.m)10,900 JPY (0.0Y/675.0sq.m)
Kamiura12,121 JPY (0.0Y/165.0sq.m)2,116 JPY (0.0Y/810.7sq.m)2,101 JPY (0.0Y/996.5sq.m)
Mada20,000 JPY (0.0Y/110.0sq.m)19,047 JPY (0.0Y/630.0sq.m)-
Amagi18,639 JPY (0.0Y/463.6sq.m)15,387 JPY (0.0Y/673.4sq.m)21,399 JPY (0.0Y/551.2sq.m)

*Average unit prices per sq.m of Land 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

Kamiura12,121 JPY/sq.m (+473% compared with the previous year)

The average price of a sq.m Land of Kamiura was 12,121 JPY/sq.m. The market value represents an increase of 10,005 JPY (+472.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 14 (-93.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 165.0 sq.m (a -79.6% decrease compared to the 810.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 12.6 min in 2014 and 23.0 min in 2015; +82.5%)

Oozeki7,961 JPY/sq.m (+114% compared with the previous year)

The average price of a sq.m Land of Oozeki was 7,961 JPY/sq.m. The market value represents an increase of 4,247 JPY (+114.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 690.0 sq.m (a +392.9% increase compared to the 140.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2014 and 21.5 min in 2015; -28.3%)

Kogannchaya15,891 JPY/sq.m (-36% compared with the previous year)

The average price of a sq.m Land of Kogannchaya was 15,891 JPY/sq.m. The market value represents a decrease of 9,109 JPY (-36.4%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 447.5 sq.m (a +39.8% increase compared to the 320.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 20.0 min in 2014 and 8.5 min in 2015; -57.5%)

Honngou11,082 JPY/sq.m (-19% compared with the previous year)

The average price of a sq.m Land of Honngou was 11,082 JPY/sq.m. The market value represents a decrease of 2,522 JPY (-18.5%) compared to 1 year ago and a transition to a weak market. 3 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 976.7 sq.m (a +140.2% increase compared to the 406.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 15.7 min in 2014 and 23.3 min in 2015; +48.9%)

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)