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 Oct, 2015 to Dec, 2015 was 60,536 JPY/sq.m. The market value represents an increase of 42,969 JPY (+244.6%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 675.0 sq.m (a -8.8% decrease compared to the 740.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased.

The top 1 stations has seen prices increase +127.7% (+22,433 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +127.7% (+22,433 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 21.0 min in 2014 and 14.7 min in 2015; -30.2%)

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

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Land stations market overview

The average price of a sq.m Land of Dazaifu, the highest market value along this railway was 40,000 JPY/sq.m. The market value represents an increase of 22,433 JPY (+127.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Dazaifu, the lowest market value along this railway was 40,000 JPY/sq.m. The market value represents an increase of 22,433 JPY (+127.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

Nishitetsu Dazaifu Line (Stations Land market overview)
Nishitetsu Dazaifu LineThis year(2015)1 year ago2 years ago
Nishitetsufutsukaichi70,804 JPY (0.0Y/887.5sq.m)--
Nishitetsugojou--51,594 JPY (0.0Y/263.3sq.m)
Dazaifu40,000 JPY (0.0Y/250.0sq.m)17,567 JPY (0.0Y/740.0sq.m)36,055 JPY (0.0Y/203.0sq.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

Dazaifu40,000 JPY/sq.m (+128% compared with the previous year)

The average price of a sq.m Land of Dazaifu was 40,000 JPY/sq.m. The market value represents an increase of 22,433 JPY (+127.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 250.0 sq.m (a -66.2% decrease compared to the 740.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 21.0 min in 2014 and 26.0 min in 2015; +23.8%)

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)