Nishitetsu Dazaifu Line Fukuka 2016-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, 2016 to Dec, 2016 was 51,078 JPY/sq.m. The market value represents a decrease of 2,744 JPY (-5.1%) compared to 1 year ago and a transition to a bear market. 18 properties exchanged hands ( The market value represents a decrease of 3 (-14.3%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 468.1 sq.m (a -2.1% decrease compared to the 478.3 sq.m of last year.).

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

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 20% compared to last year. The most dramatic price increase was at Nishitetsufutsukaichi station, where prices have increased +34.7% compared to last year; a sq.m unit now costs 94,501 JPY/sq.m.

The top 1 stations has seen prices increase +34.7% (+24,324 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -37.7% (-11,734 JPY/sq.m).

Cause of price increases

  • An increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 4.8% of total transactions in 2015 and 5.6% of total transactions in 2016)

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 94,501 JPY/sq.m. The market value represents an increase of 24,324 JPY (+34.7%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 3 (-37.5%) 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 19,394 JPY/sq.m. The market value represents a decrease of 11,734 JPY (-37.7%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 2 (+40.0%) 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
Nishitetsufutsukaichi94,501 JPY (0.0Y/250.0sq.m)70,177 JPY (0.0Y/668.1sq.m)59,532 JPY (0.0Y/485.0sq.m)
Nishitetsugojou51,857 JPY (0.0Y/490.0sq.m)53,696 JPY (0.0Y/428.8sq.m)54,004 JPY (0.0Y/530.0sq.m)
Dazaifu19,394 JPY (0.0Y/605.0sq.m)31,128 JPY (0.0Y/254.0sq.m)40,818 JPY (0.0Y/332.5sq.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

Nishitetsufutsukaichi94,501 JPY/sq.m (+35% compared with the previous year)

The average price of a sq.m Land of Nishitetsufutsukaichi was 94,501 JPY/sq.m. The market value represents an increase of 24,324 JPY (+34.7%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 3 (-37.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 250.0 sq.m (a -62.6% decrease compared to the 668.1 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 8.4 min in 2015 and 9.4 min in 2016; +12.2%)

Dazaifu19,394 JPY/sq.m (-38% compared with the previous year)

The average price of a sq.m Land of Dazaifu was 19,394 JPY/sq.m. The market value represents a decrease of 11,734 JPY (-37.7%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 2 (+40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 605.0 sq.m (a +138.2% increase compared to the 254.0 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)