Nishitetsu Dazaifu Line Fukuka 2015-3Q
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, 2015 to Sep, 2015 was 54,006 JPY/sq.m. The market value represents an increase of 8,928 JPY (+19.8%) compared to 1 year ago and a transition to a bull market. 6 properties exchanged hands ( The market value represents a decrease of 10 (-62.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 262.5 sq.m (a -50.8% decrease compared to the 534.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten 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. Nishitetsufutsukaichi, Nishitetsugojou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nishitetsufutsukaichi station, where prices have increased +68.0% compared to last year; a sq.m unit now costs 82,310 JPY/sq.m.

The top 1 stations has seen prices increase +68.0% (+33,325 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -48.0% (-21,653 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 15.6 min in 2014 and 13.5 min in 2015; -13.3%)

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 82,310 JPY/sq.m. The market value represents an increase of 33,325 JPY (+68.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) 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 23,478 JPY/sq.m. The market value represents a decrease of 21,653 JPY (-48.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

Nishitetsu Dazaifu Line (Stations Land market overview)
Nishitetsu Dazaifu LineThis year(2015)1 year ago2 years ago
Nishitetsufutsukaichi82,310 JPY (0.0Y/257.5sq.m)48,986 JPY (0.0Y/710.0sq.m)75,785 JPY (0.0Y/596.7sq.m)
Nishitetsugojou56,228 JPY (0.0Y/300.0sq.m)39,136 JPY (0.0Y/542.5sq.m)66,666 JPY (0.0Y/310.0sq.m)
Dazaifu23,478 JPY (0.0Y/230.0sq.m)45,131 JPY (0.0Y/352.5sq.m)37,335 JPY (0.0Y/288.0sq.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

Nishitetsufutsukaichi82,310 JPY/sq.m (+68% compared with the previous year)

The average price of a sq.m Land of Nishitetsufutsukaichi was 82,310 JPY/sq.m. The market value represents an increase of 33,325 JPY (+68.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 257.5 sq.m (a -63.7% decrease compared to the 710.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 19.8 min in 2014 and 8.0 min in 2015; -59.7%)

Dazaifu23,478 JPY/sq.m (-48% compared with the previous year)

The average price of a sq.m Land of Dazaifu was 23,478 JPY/sq.m. The market value represents a decrease of 21,653 JPY (-48.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 230.0 sq.m (a -34.8% decrease compared to the 352.5 sq.m of last year.).


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)