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, 2016 to Dec, 2016 was 73,211 JPY/sq.m. The market value represents an increase of 12,675 JPY (+20.9%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 2 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 273.0 sq.m (a -59.6% decrease compared to the 675.0 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.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Nishitetsufutsukaichi 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 +45.4% compared to last year; a sq.m unit now costs 102,940 JPY/sq.m.

The top 1 stations has seen prices increase +45.4% (+32,136 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -28.5% (-11,383 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 14.7 min in 2015 and 8.8 min in 2016; -40.0%)

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 102,940 JPY/sq.m. The market value represents an increase of 32,136 JPY (+45.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) 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 28,617 JPY/sq.m. The market value represents a decrease of 11,383 JPY (-28.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

Nishitetsu Dazaifu Line (Stations Land market overview)
Nishitetsu Dazaifu LineThis year(2016)1 year ago2 years ago
Nishitetsufutsukaichi102,940 JPY (0.0Y/218.3sq.m)70,804 JPY (0.0Y/887.5sq.m)-
Nishitetsugojou---
Dazaifu28,617 JPY (0.0Y/355.0sq.m)40,000 JPY (0.0Y/250.0sq.m)17,567 JPY (0.0Y/740.0sq.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

Nishitetsufutsukaichi102,940 JPY/sq.m (+45% compared with the previous year)

The average price of a sq.m Land of Nishitetsufutsukaichi was 102,940 JPY/sq.m. The market value represents an increase of 32,136 JPY (+45.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 218.3 sq.m (a -75.4% decrease compared to the 887.5 sq.m of last year.).

Dazaifu28,617 JPY/sq.m (-28% compared with the previous year)

The average price of a sq.m Land of Dazaifu was 28,617 JPY/sq.m. The market value represents a decrease of 11,383 JPY (-28.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 355.0 sq.m (a +42.0% increase compared to the 250.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 26.0 min in 2015 and 9.0 min in 2016; -65.4%)

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)