Nishitetsu Amagi Line Fukuka 2017-3Q
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, 2017 to Sep, 2017 was 18,883 JPY/sq.m. The market value represents a decrease of 1,816 JPY (-8.8%) compared to 1 year ago and a transition to a bear market. 12 properties exchanged hands ( The market value represents a decrease of 8 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 655.8 sq.m (a +31.7% increase compared to the 498.0 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; 1 stations have experienced decreased prices. Market value of most stations decreased. Amagi station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Amagi station, where prices have decreased -12.2% compared to last year; a sq.m unit now costs 15,497 JPY/sq.m.

The top 1 stations has seen prices increase +1985.0% (+21,637 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -12.2% (-2,156 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 18.6 min in 2016 and 16.5 min in 2017; -11.1%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 5.0% of total transactions in 2016 and 8.3% of total transactions in 2017)

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 36,778 JPY/sq.m. The market value represents an increase of 23,542 JPY (+177.9%) 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 Amagi, the lowest market value along this railway was 15,497 JPY/sq.m. The market value represents a decrease of 2,156 JPY (-12.2%) compared to 1 year ago and a transition to a weak market. 6 properties exchanged hands ( The market value represents a decrease of 6 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

Nishitetsu Amagi Line (Stations Land market overview)
Nishitetsu Amagi LineThis year(2017)1 year ago2 years ago
Miyanojinn-69,093 JPY (0.0Y/790.0sq.m)44,444 JPY (0.0Y/1800.0sq.m)
Goroumaru---
Gakkoumae---
Kogannchaya22,727 JPY (0.0Y/1100.0sq.m)1,090 JPY (0.0Y/550.0sq.m)16,438 JPY (0.0Y/730.0sq.m)
Kitano36,778 JPY (0.0Y/325.0sq.m)13,235 JPY (0.0Y/340.0sq.m)37,995 JPY (0.0Y/193.3sq.m)
Ooki-22,916 JPY (0.0Y/240.0sq.m)15,309 JPY (0.0Y/360.0sq.m)
Kaneshima---
Oozeki-4,545 JPY (0.0Y/660.0sq.m)-
Honngou12,442 JPY (0.0Y/920.0sq.m)--
Kamiura---
Mada-11,081 JPY (0.0Y/350.0sq.m)-
Amagi15,497 JPY (0.0Y/560.0sq.m)17,654 JPY (0.0Y/490.8sq.m)18,693 JPY (0.0Y/444.0sq.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

Kogannchaya22,727 JPY/sq.m (+1985% compared with the previous year)

The average price of a sq.m Land of Kogannchaya was 22,727 JPY/sq.m. The market value represents an increase of 21,637 JPY (+1985.0%) 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 1100.0 sq.m (a +100.0% increase compared to the 550.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 2.0 min in 2016 and 1.0 min in 2017; -50.0%)

Causes of price decreases

  • A slight decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 100.0% of total transactions in 2016 and 100.0% of total transactions in 2017)

Amagi15,497 JPY/sq.m (-12% compared with the previous year)

The average price of a sq.m Land of Amagi was 15,497 JPY/sq.m. The market value represents a decrease of 2,156 JPY (-12.2%) compared to 1 year ago and a transition to a weak market. 6 properties exchanged hands ( The market value represents a decrease of 6 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 560.0 sq.m (a +14.1% increase compared to the 490.8 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)