Nishitetsu Dazaifu Line Fukuka 2014-1Q
Land market report

Nishitetsu Dazaifu Line railway market report

Nishitetsu Dazaifu Line Land market overview

The average price of a sq.m Land of Nishitetsu Dazaifu Line (Nishitetsufutsukaichi to Dazaifu), in Jan, 2014 to Mar, 2014 was 38,249 JPY/sq.m. The market value represents a decrease of 8,007 JPY (-17.3%) compared to 1 year ago and a transition to a weak market. 3 properties exchanged hands ( The market value represents a decrease of 10 (-76.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 293.3 sq.m (a -22.9% decrease compared to the 380.4 sq.m of last year.).

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

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Nishitetsufutsukaichi station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Nishitetsufutsukaichi station, where prices have increased +15.3% compared to last year; a sq.m unit now costs 62,162 JPY/sq.m.

The top 1 stations has seen prices increase +15.3% (+8,237 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -9.4% (-2,732 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 23.1% of total transactions in 2013 and 33.3% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.0 min in 2013 and 20.3 min in 2014; +154.2%)

Breakdown of each segment

The table below shows Land dealt in Nishitetsu Dazaifu 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

Top

Land stations market overview

The average price of a sq.m Land of Nishitetsufutsukaichi, the highest market value along this railway was 62,162 JPY/sq.m. The market value represents an increase of 8,237 JPY (+15.3%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands ( The market value represents a decrease of 6 (-85.7%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Dazaifu, the lowest market value along this railway was 26,293 JPY/sq.m. The market value represents a decrease of 2,732 JPY (-9.4%) compared to 1 year ago and a transition to a bear market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

Nishitetsu Dazaifu Line (Stations Land market overview)
Nishitetsu Dazaifu LineThis year(2014)1 year ago2 years ago
Nishitetsufutsukaichi62,162 JPY (0.0Y/370.0sq.m)53,925 JPY (0.0Y/480.7sq.m)46,153 JPY (0.0Y/260.0sq.m)
Nishitetsugojou-45,591 JPY (0.0Y/198.3sq.m)71,280 JPY (0.0Y/171.7sq.m)
Dazaifu26,293 JPY (0.0Y/255.0sq.m)29,025 JPY (0.0Y/328.3sq.m)16,458 JPY (0.0Y/220.0sq.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.

Top

Noteworthy stations

Nishitetsufutsukaichi62,162 JPY/sq.m (+15% compared with the previous year)

The average price of a sq.m Land of Nishitetsufutsukaichi was 62,162 JPY/sq.m. The market value represents an increase of 8,237 JPY (+15.3%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands ( The market value represents a decrease of 6 (-85.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 370.0 sq.m (a -23.0% decrease compared to the 480.7 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 6.1 min in 2013 and 5.0 min in 2014; -18.6%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 42.9% of total transactions in 2013 and 100.0% of total transactions in 2014)

Dazaifu26,293 JPY/sq.m (-9% compared with the previous year)

The average price of a sq.m Land of Dazaifu was 26,293 JPY/sq.m. The market value represents a decrease of 2,732 JPY (-9.4%) compared to 1 year ago and a transition to a bear market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 255.0 sq.m (a -22.3% decrease compared to the 328.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 11.7 min in 2013 and 28.0 min in 2014; +140.0%)

Breakdown of each segment

Station:   Segment:

Top

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)