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 Apr, 2014 to Jun, 2014 was 68,349 JPY/sq.m. The market value represents an increase of 15,626 JPY (+29.6%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 260.0 sq.m (a +11.2% increase compared to the 233.9 sq.m of last year.).

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

3 stations have experienced increased prices; 0 stations have experienced decreased prices. The market value increased in all stations. Nishitetsufutsukaichi, Nishitetsugojou, Dazaifu station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Dazaifu station, where prices have increased +71.4% compared to last year; a sq.m unit now costs 49,627 JPY/sq.m.

The top 1 stations has seen prices increase +71.4% (+20,671 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +29.8% (+19,234 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 15.9 min in 2013 and 6.9 min in 2014; -56.6%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 11.1% of total transactions in 2013 and 55.6% of total transactions in 2014)

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

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Land stations market overview

The average price of a sq.m Land of Nishitetsugojou, the highest market value along this railway was 83,738 JPY/sq.m. The market value represents an increase of 19,234 JPY (+29.8%) compared to 1 year ago and a transition to a dramatic 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 price of a sq.m Land of Dazaifu, the lowest market value along this railway was 49,627 JPY/sq.m. The market value represents an increase of 20,671 JPY (+71.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) 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
Nishitetsufutsukaichi74,695 JPY (0.0Y/176.2sq.m)55,770 JPY (0.0Y/218.8sq.m)42,901 JPY (0.0Y/256.7sq.m)
Nishitetsugojou83,738 JPY (0.0Y/505.0sq.m)64,504 JPY (0.0Y/246.7sq.m)100,000 JPY (0.0Y/130.0sq.m)
Dazaifu49,627 JPY (0.0Y/208.3sq.m)28,956 JPY (0.0Y/245.0sq.m)31,578 JPY (0.0Y/570.0sq.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

Dazaifu49,627 JPY/sq.m (+71% compared with the previous year)

The average price of a sq.m Land of Dazaifu was 49,627 JPY/sq.m. The market value represents an increase of 20,671 JPY (+71.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 208.3 sq.m (a -15.0% decrease compared to the 245.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 21.0 min in 2013 and 6.3 min in 2014; -69.8%)

Nishitetsugojou83,738 JPY/sq.m (+30% compared with the previous year)

The average price of a sq.m Land of Nishitetsugojou was 83,738 JPY/sq.m. The market value represents an increase of 19,234 JPY (+29.8%) compared to 1 year ago and a transition to a dramatic 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 505.0 sq.m (a +104.7% increase compared to the 246.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 17.7 min in 2013 and 10.0 min in 2014; -43.4%)

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)