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, 2017 to Dec, 2017 was 15,720 JPY/sq.m. The market value represents a decrease of 8,838 JPY (-36.0%) compared to 1 year ago and a transition to a dramatic market. 23 properties exchanged hands ( The market value represents a decrease of 43 (-65.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 511.7 sq.m (a +7.4% increase compared to the 476.3 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.

3 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Kogannchaya station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kogannchaya station, where prices have increased +56.7% compared to last year; a sq.m unit now costs 22,727 JPY/sq.m.

The top 1 stations has seen prices increase +56.7% (+8,224 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -34.3% (-6,578 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 31.7 min in 2016 and 27.7 min in 2017; -12.8%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 1.5% of total transactions in 2016 and 4.3% of total transactions in 2017)

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 7.6% of total transactions in 2016 and 4.3% 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 30,740 JPY/sq.m. The market value represents an increase of 708 JPY (+2.4%) compared to 1 year ago and a transition to a slight market. 3 properties exchanged hands ( The market value represents a decrease of 3 (-50.0%) 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 9,375 JPY/sq.m. The market value represents an increase of 1,382 JPY (+17.3%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) 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-60,023 JPY (0.0Y/422.5sq.m)51,741 JPY (0.0Y/815.0sq.m)
Goroumaru-36,144 JPY (0.0Y/830.0sq.m)-
Gakkoumae--14,418 JPY (0.0Y/765.0sq.m)
Kogannchaya22,727 JPY (0.0Y/1100.0sq.m)14,503 JPY (0.0Y/930.0sq.m)15,891 JPY (0.0Y/447.5sq.m)
Kitano30,740 JPY (0.0Y/466.7sq.m)30,033 JPY (0.0Y/280.0sq.m)30,649 JPY (0.0Y/172.1sq.m)
Ooki-22,916 JPY (0.0Y/240.0sq.m)17,474 JPY (0.0Y/332.5sq.m)
Kaneshima-5,909 JPY (0.0Y/220.0sq.m)-
Oozeki-12,798 JPY (0.0Y/615.0sq.m)7,961 JPY (0.0Y/690.0sq.m)
Honngou12,442 JPY (0.0Y/920.0sq.m)-11,082 JPY (0.0Y/976.7sq.m)
Kamiura17,941 JPY (0.0Y/200.0sq.m)-12,121 JPY (0.0Y/165.0sq.m)
Mada9,375 JPY (0.0Y/480.0sq.m)7,993 JPY (0.0Y/600.0sq.m)20,000 JPY (0.0Y/110.0sq.m)
Amagi12,617 JPY (0.0Y/433.1sq.m)19,195 JPY (0.0Y/469.9sq.m)18,639 JPY (0.0Y/463.6sq.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 (+57% 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 8,224 JPY (+56.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1100.0 sq.m (a +18.3% increase compared to the 930.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 14.0 min in 2016 and 1.0 min in 2017; -92.9%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 33.3% of total transactions in 2016 and 100.0% of total transactions in 2017)

Amagi12,617 JPY/sq.m (-34% compared with the previous year)

The average price of a sq.m Land of Amagi was 12,617 JPY/sq.m. The market value represents a decrease of 6,578 JPY (-34.3%) compared to 1 year ago and a transition to a dramatic market. 13 properties exchanged hands ( The market value represents a decrease of 28 (-68.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 433.1 sq.m (a -7.8% decrease compared to the 469.9 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 44.9 min in 2016 and 38.8 min in 2017; -13.6%)

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)