Nishitetsu Dazaifu Line Fukuka 2014-3Q
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 Jul, 2014 to Sep, 2014 was 45,078 JPY/sq.m. The market value represents a decrease of 12,412 JPY (-21.6%) compared to 1 year ago and a transition to a dramatic market. 16 properties exchanged hands ( The market value represents an increase of 3 (+23.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 534.1 sq.m (a +45.2% increase compared to the 367.7 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; 2 stations have experienced decreased prices. Market value of most stations decreased. 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 +20.9% compared to last year; a sq.m unit now costs 45,131 JPY/sq.m.

The top 1 stations has seen prices increase +20.9% (+7,795 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -41.3% (-27,530 JPY/sq.m).


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 Nishitetsufutsukaichi, the highest market value along this railway was 48,986 JPY/sq.m. The market value represents a decrease of 26,799 JPY (-35.4%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 3 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Nishitetsugojou, the lowest market value along this railway was 39,136 JPY/sq.m. The market value represents a decrease of 27,530 JPY (-41.3%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) 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
Nishitetsufutsukaichi48,986 JPY (0.0Y/710.0sq.m)75,785 JPY (0.0Y/596.7sq.m)68,349 JPY (0.0Y/397.5sq.m)
Nishitetsugojou39,136 JPY (0.0Y/542.5sq.m)66,666 JPY (0.0Y/310.0sq.m)17,857 JPY (0.0Y/1400.0sq.m)
Dazaifu45,131 JPY (0.0Y/352.5sq.m)37,335 JPY (0.0Y/288.0sq.m)19,348 JPY (0.0Y/327.5sq.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

Dazaifu45,131 JPY/sq.m (+21% compared with the previous year)

The average price of a sq.m Land of Dazaifu was 45,131 JPY/sq.m. The market value represents an increase of 7,795 JPY (+20.9%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 1 (+20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 352.5 sq.m (a +22.4% increase compared to the 288.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 16.4 min in 2013 and 14.5 min in 2014; -11.6%)

Nishitetsugojou39,136 JPY/sq.m (-41% compared with the previous year)

The average price of a sq.m Land of Nishitetsugojou was 39,136 JPY/sq.m. The market value represents a decrease of 27,530 JPY (-41.3%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 542.5 sq.m (a +75.0% increase compared to the 310.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 12.2 min in 2013 and 10.8 min in 2014; -11.9%)

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)