Nishitetsu Amagi Line Fukuka 2017-4Q
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 Oct, 2017 to Dec, 2017 was 14,178 JPY/sq.m. The market value represents a decrease of 9,520 JPY (-40.2%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 14 (-70.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 365.0 sq.m (a -8.7% decrease compared to the 399.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

0 stations have experienced increased prices; 2 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -22.3% (-5,355 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -41.6% (-7,251 JPY/sq.m).

Cause of price increases

  • An increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 15.0% of total transactions in 2016 and 16.7% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 38.0 min in 2016 and 50.7 min in 2017; +33.2%)

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 18,666 JPY/sq.m. The market value represents a decrease of 5,355 JPY (-22.3%) 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 10,173 JPY/sq.m. The market value represents a decrease of 7,251 JPY (-41.6%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 9 (-75.0%) 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-50,315 JPY (0.0Y/361.7sq.m)51,599 JPY (0.0Y/435.0sq.m)
Goroumaru-36,144 JPY (0.0Y/830.0sq.m)-
Gakkoumae---
Kogannchaya-27,916 JPY (0.0Y/240.0sq.m)15,709 JPY (0.0Y/353.3sq.m)
Kitano18,666 JPY (0.0Y/750.0sq.m)24,021 JPY (0.0Y/285.0sq.m)22,222 JPY (0.0Y/180.0sq.m)
Ooki--13,636 JPY (0.0Y/220.0sq.m)
Kaneshima---
Oozeki---
Honngou---
Kamiura17,941 JPY (0.0Y/200.0sq.m)--
Mada-1,818 JPY (0.0Y/1100.0sq.m)20,000 JPY (0.0Y/110.0sq.m)
Amagi10,173 JPY (0.0Y/346.7sq.m)17,424 JPY (0.0Y/347.5sq.m)18,258 JPY (0.0Y/579.1sq.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

Kitano18,666 JPY/sq.m (-22% compared with the previous year)

The average price of a sq.m Land of Kitano was 18,666 JPY/sq.m. The market value represents a decrease of 5,355 JPY (-22.3%) 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 750.0 sq.m (a +163.2% increase compared to the 285.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 6.0 min in 2016 and 4.0 min in 2017; -33.3%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 50.0% of total transactions in 2016 and 100.0% of total transactions in 2017)

Amagi10,173 JPY/sq.m (-42% compared with the previous year)

The average price of a sq.m Land of Amagi was 10,173 JPY/sq.m. The market value represents a decrease of 7,251 JPY (-41.6%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 9 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 346.7 sq.m (a -0.2% decrease compared to the 347.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 56.0 min in 2016 and 80.0 min in 2017; +42.9%)

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)