Nishitetsu Dazaifu Line Fukuka 2014-FY
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 Dec, 2014 was 50,645 JPY/sq.m. The market value represents an increase of 453 JPY (+0.9%) compared to 1 year ago and a transition to a slight market. 29 properties exchanged hands ( The market value represents a decrease of 14 (-32.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 431.2 sq.m (a +36.0% increase compared to the 317.1 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.

2 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was toward increased prices. Dazaifu station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Dazaifu station, where prices have increased +19.6% compared to last year; a sq.m unit now costs 40,818 JPY/sq.m.

The top 1 stations has seen prices increase +19.6% (+6,689 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -7.6% (-4,453 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 16.3% of total transactions in 2013 and 27.6% 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 Nishitetsufutsukaichi, the highest market value along this railway was 59,532 JPY/sq.m. The market value represents an increase of 396 JPY (+0.7%) compared to 1 year ago and a transition to a slight market. 11 properties exchanged hands ( The market value represents a decrease of 3 (-21.4%) 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 40,818 JPY/sq.m. The market value represents an increase of 6,689 JPY (+19.6%) compared to 1 year ago and a transition to a bull market. 12 properties exchanged hands ( The market value represents a decrease of 3 (-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
Nishitetsufutsukaichi59,532 JPY (0.0Y/485.0sq.m)59,136 JPY (0.0Y/430.7sq.m)51,248 JPY (0.0Y/367.5sq.m)
Nishitetsugojou54,004 JPY (0.0Y/530.0sq.m)58,457 JPY (0.0Y/262.5sq.m)67,990 JPY (0.0Y/453.5sq.m)
Dazaifu40,818 JPY (0.0Y/332.5sq.m)34,129 JPY (0.0Y/262.0sq.m)28,512 JPY (0.0Y/281.4sq.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

Dazaifu40,818 JPY/sq.m (+20% compared with the previous year)

The average price of a sq.m Land of Dazaifu was 40,818 JPY/sq.m. The market value represents an increase of 6,689 JPY (+19.6%) compared to 1 year ago and a transition to a bull market. 12 properties exchanged hands ( The market value represents a decrease of 3 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 332.5 sq.m (a +26.9% increase compared to the 262.0 sq.m of last year.).

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 20.0% of total transactions in 2013 and 25.0% of total transactions in 2014)

Nishitetsugojou54,004 JPY/sq.m (-8% compared with the previous year)

The average price of a sq.m Land of Nishitetsugojou was 54,004 JPY/sq.m. The market value represents a decrease of 4,453 JPY (-7.6%) compared to 1 year ago and a transition to a bear market. 6 properties exchanged hands ( The market value represents a decrease of 8 (-57.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 530.0 sq.m (a +101.9% increase compared to the 262.5 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 13.1 min in 2013 and 10.5 min in 2014; -19.7%)

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)