Nishitetsu Amagi Line Fukuka 2016-1Q
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, 2016 to Mar, 2016 was 26,437 JPY/sq.m. The market value represents an increase of 8,111 JPY (+44.3%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents a decrease of 5 (-29.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 577.9 sq.m (a +18.6% increase compared to the 487.4 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.

2 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Amagi station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Kitano station, where prices have increased +161.4% compared to last year; a sq.m unit now costs 49,473 JPY/sq.m.

The top 1 stations has seen prices increase +161.4% (+30,544 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +14.4% (+2,865 JPY/sq.m).


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 49,473 JPY/sq.m. The market value represents an increase of 30,544 JPY (+161.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Amagi, the lowest market value along this railway was 22,768 JPY/sq.m. The market value represents an increase of 2,865 JPY (+14.4%) compared to 1 year ago and a transition to a bull market. 7 properties exchanged hands ( The market value represents a decrease of 4 (-36.4%) compared to 1 year ago and a transition to a dramatic market.).

Nishitetsu Amagi Line (Stations Land market overview)
Nishitetsu Amagi LineThis year(2016)1 year ago2 years ago
Miyanojinn55,000 JPY (0.0Y/200.0sq.m)--
Goroumaru---
Gakkoumae-20,000 JPY (0.0Y/1100.0sq.m)-
Kogannchaya---
Kitano49,473 JPY (0.0Y/190.0sq.m)18,928 JPY (0.0Y/117.5sq.m)35,238 JPY (0.0Y/322.5sq.m)
Ooki---
Kaneshima5,909 JPY (0.0Y/220.0sq.m)--
Oozeki21,052 JPY (0.0Y/570.0sq.m)-3,714 JPY (0.0Y/140.0sq.m)
Honngou-4,307 JPY (0.0Y/1325.0sq.m)-
Kamiura-12,121 JPY (0.0Y/165.0sq.m)-
Mada---
Amagi22,768 JPY (0.0Y/536.4sq.m)19,903 JPY (0.0Y/375.9sq.m)15,951 JPY (0.0Y/1036.2sq.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

Kitano49,473 JPY/sq.m (+161% compared with the previous year)

The average price of a sq.m Land of Kitano was 49,473 JPY/sq.m. The market value represents an increase of 30,544 JPY (+161.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 190.0 sq.m (a +61.7% increase compared to the 117.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.0 min in 2015 and 8.0 min in 2016; -33.3%)

Amagi22,768 JPY/sq.m (+14% compared with the previous year)

The average price of a sq.m Land of Amagi was 22,768 JPY/sq.m. The market value represents an increase of 2,865 JPY (+14.4%) compared to 1 year ago and a transition to a bull market. 7 properties exchanged hands ( The market value represents a decrease of 4 (-36.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 536.4 sq.m (a +42.7% increase compared to the 375.9 sq.m of last year.).


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)