Nishitetsu Amagi Line Fukuka 2016-3Q
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 Jul, 2016 to Sep, 2016 was 20,699 JPY/sq.m. The market value represents a decrease of 2,384 JPY (-10.3%) compared to 1 year ago and a transition to a weak market. 20 properties exchanged hands ( The market value represents an increase of 3 (+17.6%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 498.0 sq.m (a +2.4% increase compared to the 486.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large size more than 200 sq.m.

2 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Miyanojinn, Ooki station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Miyanojinn station, where prices have increased +55.5% compared to last year; a sq.m unit now costs 69,093 JPY/sq.m.

The top 1 stations has seen prices increase +55.5% (+24,649 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -93.4% (-15,348 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 25.4 min in 2015 and 18.6 min in 2016; -26.8%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 5.9% of total transactions in 2015 and 10.0% of total transactions in 2016)

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 Miyanojinn, the highest market value along this railway was 69,093 JPY/sq.m. The market value represents an increase of 24,649 JPY (+55.5%) 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 price of a sq.m Land of Kogannchaya, the lowest market value along this railway was 1,090 JPY/sq.m. The market value represents a decrease of 15,348 JPY (-93.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

Nishitetsu Amagi Line (Stations Land market overview)
Nishitetsu Amagi LineThis year(2016)1 year ago2 years ago
Miyanojinn69,093 JPY (0.0Y/790.0sq.m)44,444 JPY (0.0Y/1800.0sq.m)-
Goroumaru---
Gakkoumae---
Kogannchaya1,090 JPY (0.0Y/550.0sq.m)16,438 JPY (0.0Y/730.0sq.m)-
Kitano13,235 JPY (0.0Y/340.0sq.m)37,995 JPY (0.0Y/193.3sq.m)29,523 JPY (0.0Y/1105.0sq.m)
Ooki22,916 JPY (0.0Y/240.0sq.m)15,309 JPY (0.0Y/360.0sq.m)-
Kaneshima--11,658 JPY (0.0Y/195.0sq.m)
Oozeki4,545 JPY (0.0Y/660.0sq.m)--
Honngou--9,206 JPY (0.0Y/485.0sq.m)
Kamiura--2,014 JPY (0.0Y/743.8sq.m)
Mada11,081 JPY (0.0Y/350.0sq.m)--
Amagi17,654 JPY (0.0Y/490.8sq.m)18,693 JPY (0.0Y/444.0sq.m)15,823 JPY (0.0Y/663.2sq.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

Miyanojinn69,093 JPY/sq.m (+55% compared with the previous year)

The average price of a sq.m Land of Miyanojinn was 69,093 JPY/sq.m. The market value represents an increase of 24,649 JPY (+55.5%) 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 790.0 sq.m (a -56.1% decrease compared to the 1800.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 24.0 min in 2015 and 15.0 min in 2016; -37.5%)

Kogannchaya1,090 JPY/sq.m (-93% compared with the previous year)

The average price of a sq.m Land of Kogannchaya was 1,090 JPY/sq.m. The market value represents a decrease of 15,348 JPY (-93.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 550.0 sq.m (a -24.7% decrease compared to the 730.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 9.0 min in 2015 and 2.0 min in 2016; -77.8%)

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)