Nishitetsu Dazaifu Line Fukuka 2017-1Q
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, 2017 to Mar, 2017 was 22,222 JPY/sq.m. The market value represents a decrease of 22,620 JPY (-50.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 90.0 sq.m (a -73.9% decrease compared to the 345.0 sq.m of last year.).

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -65.3% (-41,778 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -65.3% (-41,778 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 16.5 min in 2016 and 10.0 min in 2017; -39.4%)

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 Nishitetsugojou, the highest market value along this railway was 22,222 JPY/sq.m. The market value represents a decrease of 41,778 JPY (-65.3%) 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 Nishitetsugojou, the lowest market value along this railway was 22,222 JPY/sq.m. The market value represents a decrease of 41,778 JPY (-65.3%) 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(2017)1 year ago2 years ago
Nishitetsufutsukaichi-96,296 JPY (0.0Y/135.0sq.m)52,380 JPY (0.0Y/1315.0sq.m)
Nishitetsugojou22,222 JPY (0.0Y/90.0sq.m)64,000 JPY (0.0Y/250.0sq.m)30,173 JPY (0.0Y/663.3sq.m)
Dazaifu-9,535 JPY (0.0Y/497.5sq.m)34,342 JPY (0.0Y/280.0sq.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

Nishitetsugojou22,222 JPY/sq.m (-65% compared with the previous year)

The average price of a sq.m Land of Nishitetsugojou was 22,222 JPY/sq.m. The market value represents a decrease of 41,778 JPY (-65.3%) 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 90.0 sq.m (a -64.0% decrease compared to the 250.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.0 min in 2016 and 10.0 min in 2017; +42.9%)

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)