Nishitetsu Amagi Line Fukuka 2018-FY
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 Jan, 2018 to Mar, 2018 was 25,005 JPY/sq.m. The market value represents an increase of 9,285 JPY (+59.1%) compared to 1 year ago and a transition to a dramatic market. 15 properties exchanged hands ( The market value represents a decrease of 8 (-34.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 602.3 sq.m (a +17.7% increase compared to the 511.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Amagi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Amagi station, where prices have increased +95.4% compared to last year; a sq.m unit now costs 24,659 JPY/sq.m.

The top 1 stations has seen prices increase +95.4% (+12,042 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -59.3% (-18,240 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 4.3% of total transactions in 2017 and 13.3% of total transactions in 2018)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 27.7 min in 2017 and 43.9 min in 2018; +58.9%)

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 Amagi, the highest market value along this railway was 24,659 JPY/sq.m. The market value represents an increase of 12,042 JPY (+95.4%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents a decrease of 1 (-7.7%) compared to 1 year ago and a transition to a bear market.).

The average price of a sq.m Land of Kitano, the lowest market value along this railway was 12,500 JPY/sq.m. The market value represents a decrease of 18,240 JPY (-59.3%) 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.).

Nishitetsu Amagi Line (Stations Land market overview)
Nishitetsu Amagi LineThis year(2018)1 year ago2 years ago
Miyanojinn63,636 JPY (0.0Y/440.0sq.m)-60,023 JPY (0.0Y/422.5sq.m)
Goroumaru--36,144 JPY (0.0Y/830.0sq.m)
Gakkoumae---
Kogannchaya-22,727 JPY (0.0Y/1100.0sq.m)14,503 JPY (0.0Y/930.0sq.m)
Kitano12,500 JPY (0.0Y/640.0sq.m)30,740 JPY (0.0Y/466.7sq.m)30,033 JPY (0.0Y/280.0sq.m)
Ooki--22,916 JPY (0.0Y/240.0sq.m)
Kaneshima--5,909 JPY (0.0Y/220.0sq.m)
Oozeki3,026 JPY (0.0Y/760.0sq.m)-12,798 JPY (0.0Y/615.0sq.m)
Honngou-12,442 JPY (0.0Y/920.0sq.m)-
Kamiura-17,941 JPY (0.0Y/200.0sq.m)-
Mada-9,375 JPY (0.0Y/480.0sq.m)7,993 JPY (0.0Y/600.0sq.m)
Amagi24,659 JPY (0.0Y/599.6sq.m)12,617 JPY (0.0Y/433.1sq.m)19,195 JPY (0.0Y/469.9sq.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

Amagi24,659 JPY/sq.m (+95% compared with the previous year)

The average price of a sq.m Land of Amagi was 24,659 JPY/sq.m. The market value represents an increase of 12,042 JPY (+95.4%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents a decrease of 1 (-7.7%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 599.6 sq.m (a +38.4% increase compared to the 433.1 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 38.8 min in 2017 and 53.2 min in 2018; +37.4%)

Kitano12,500 JPY/sq.m (-59% compared with the previous year)

The average price of a sq.m Land of Kitano was 12,500 JPY/sq.m. The market value represents a decrease of 18,240 JPY (-59.3%) 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 640.0 sq.m (a +37.1% increase compared to the 466.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.7 min in 2017 and 13.0 min in 2018; +95.0%)

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)