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, 2015 to Dec, 2015 was 53,822 JPY/sq.m. The market value represents an increase of 3,178 JPY (+6.3%) compared to 1 year ago and a transition to a strong market. 21 properties exchanged hands ( The market value represents a decrease of 8 (-27.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 478.3 sq.m (a +10.9% increase compared to the 431.2 sq.m of last year.).

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

1 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Nishitetsufutsukaichi station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Nishitetsufutsukaichi station, where prices have increased +17.9% compared to last year; a sq.m unit now costs 70,177 JPY/sq.m.

The top 1 stations has seen prices increase +17.9% (+10,645 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -23.7% (-9,691 JPY/sq.m).

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 27.6% of total transactions in 2014 and 4.8% of total transactions in 2015)

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

Top

Land stations market overview

The average price of a sq.m Land of Nishitetsufutsukaichi, the highest market value along this railway was 70,177 JPY/sq.m. The market value represents an increase of 10,645 JPY (+17.9%) compared to 1 year ago and a transition to a bull market. 8 properties exchanged hands ( The market value represents a decrease of 3 (-27.3%) 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 31,128 JPY/sq.m. The market value represents a decrease of 9,691 JPY (-23.7%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 7 (-58.3%) 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
Nishitetsufutsukaichi70,177 JPY (0.0Y/668.1sq.m)59,532 JPY (0.0Y/485.0sq.m)59,136 JPY (0.0Y/430.7sq.m)
Nishitetsugojou53,696 JPY (0.0Y/428.8sq.m)54,004 JPY (0.0Y/530.0sq.m)58,457 JPY (0.0Y/262.5sq.m)
Dazaifu31,128 JPY (0.0Y/254.0sq.m)40,818 JPY (0.0Y/332.5sq.m)34,129 JPY (0.0Y/262.0sq.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.

Top

Noteworthy stations

Nishitetsufutsukaichi70,177 JPY/sq.m (+18% compared with the previous year)

The average price of a sq.m Land of Nishitetsufutsukaichi was 70,177 JPY/sq.m. The market value represents an increase of 10,645 JPY (+17.9%) compared to 1 year ago and a transition to a bull market. 8 properties exchanged hands ( The market value represents a decrease of 3 (-27.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 668.1 sq.m (a +37.8% increase compared to the 485.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 13.4 min in 2014 and 8.4 min in 2015; -37.3%)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 36.4% of total transactions in 2014 and 12.5% of total transactions in 2015)

Dazaifu31,128 JPY/sq.m (-24% compared with the previous year)

The average price of a sq.m Land of Dazaifu was 31,128 JPY/sq.m. The market value represents a decrease of 9,691 JPY (-23.7%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 7 (-58.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 254.0 sq.m (a -23.6% decrease compared to the 332.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 15.2 min in 2014 and 19.4 min in 2015; +27.2%)

Breakdown of each segment

Station:   Segment:

Top

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)