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 Dec, 2016 was 24,558 JPY/sq.m. The market value represents an increase of 3,702 JPY (+17.8%) compared to 1 year ago and a transition to a bull market. 66 properties exchanged hands ( The market value represents a decrease of 5 (-7.0%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 476.3 sq.m (a +0.5% increase compared to the 473.7 sq.m of last year.).

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

4 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Ooki, Oozeki station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Oozeki station, where prices have increased +60.8% compared to last year; a sq.m unit now costs 12,798 JPY/sq.m.

The top 2 stations has seen prices increase +46.0% (+5,140 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -34.4% (-6,697 JPY/sq.m).

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 11.3% of total transactions in 2015 and 7.6% 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 60,023 JPY/sq.m. The market value represents an increase of 8,282 JPY (+16.0%) compared to 1 year ago and a transition to a bull market. 8 properties exchanged hands ( The market value represents an increase of 4 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Mada, the lowest market value along this railway was 7,993 JPY/sq.m. The market value represents a decrease of 12,007 JPY (-60.0%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) 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
Miyanojinn60,023 JPY (0.0Y/422.5sq.m)51,741 JPY (0.0Y/815.0sq.m)-
Goroumaru36,144 JPY (0.0Y/830.0sq.m)--
Gakkoumae-14,418 JPY (0.0Y/765.0sq.m)-
Kogannchaya14,503 JPY (0.0Y/930.0sq.m)15,891 JPY (0.0Y/447.5sq.m)25,000 JPY (0.0Y/320.0sq.m)
Kitano30,033 JPY (0.0Y/280.0sq.m)30,649 JPY (0.0Y/172.1sq.m)30,161 JPY (0.0Y/501.2sq.m)
Ooki22,916 JPY (0.0Y/240.0sq.m)17,474 JPY (0.0Y/332.5sq.m)-
Kaneshima5,909 JPY (0.0Y/220.0sq.m)-12,938 JPY (0.0Y/196.7sq.m)
Oozeki12,798 JPY (0.0Y/615.0sq.m)7,961 JPY (0.0Y/690.0sq.m)3,714 JPY (0.0Y/140.0sq.m)
Honngou-11,082 JPY (0.0Y/976.7sq.m)13,604 JPY (0.0Y/406.7sq.m)
Kamiura-12,121 JPY (0.0Y/165.0sq.m)2,116 JPY (0.0Y/810.7sq.m)
Mada7,993 JPY (0.0Y/600.0sq.m)20,000 JPY (0.0Y/110.0sq.m)19,047 JPY (0.0Y/630.0sq.m)
Amagi19,195 JPY (0.0Y/469.9sq.m)18,639 JPY (0.0Y/463.6sq.m)15,387 JPY (0.0Y/673.4sq.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

Oozeki12,798 JPY/sq.m (+61% compared with the previous year)

The average price of a sq.m Land of Oozeki was 12,798 JPY/sq.m. The market value represents an increase of 4,838 JPY (+60.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 615.0 sq.m (a -10.9% decrease compared to the 690.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 21.5 min in 2015 and 15.0 min in 2016; -30.2%)

Ooki22,916 JPY/sq.m (+31% compared with the previous year)

The average price of a sq.m Land of Ooki was 22,916 JPY/sq.m. The market value represents an increase of 5,442 JPY (+31.1%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 240.0 sq.m (a -27.8% decrease compared to the 332.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 11.8 min in 2015 and 4.0 min in 2016; -66.0%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 25.0% of total transactions in 2015 and 100.0% of total transactions in 2016)

Mada7,993 JPY/sq.m (-60% compared with the previous year)

The average price of a sq.m Land of Mada was 7,993 JPY/sq.m. The market value represents a decrease of 12,007 JPY (-60.0%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 600.0 sq.m (a +445.5% increase compared to the 110.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 8.0 min in 2015 and 6.0 min in 2016; -25.0%)

Kogannchaya14,503 JPY/sq.m (-9% compared with the previous year)

The average price of a sq.m Land of Kogannchaya was 14,503 JPY/sq.m. The market value represents a decrease of 1,388 JPY (-8.7%) compared to 1 year ago and a transition to a bear market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 930.0 sq.m (a +107.8% increase compared to the 447.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.5 min in 2015 and 14.0 min in 2016; +64.7%)

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)