Nishitetsu Dazaifu Line Fukuka 2017-3Q
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 Jul, 2017 to Sep, 2017 was 73,506 JPY/sq.m. The market value represents an increase of 35,964 JPY (+95.8%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 1 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 367.5 sq.m (a -0.7% decrease compared to the 370.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving very large size more than 200 sq.m.

2 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was toward increased prices.

The top 1 stations has seen prices increase +203.5% (+52,682 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +201.4% (+38,979 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.3 min in 2016 and 9.8 min in 2017; -20.9%)

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 78,564 JPY/sq.m. The market value represents an increase of 52,682 JPY (+203.5%) 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 price of a sq.m Land of Dazaifu, the lowest market value along this railway was 58,333 JPY/sq.m. The market value represents an increase of 38,979 JPY (+201.4%) 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-67,391 JPY (0.0Y/460.0sq.m)82,310 JPY (0.0Y/257.5sq.m)
Nishitetsugojou78,564 JPY (0.0Y/410.0sq.m)25,882 JPY (0.0Y/340.0sq.m)56,228 JPY (0.0Y/300.0sq.m)
Dazaifu58,333 JPY (0.0Y/240.0sq.m)19,354 JPY (0.0Y/310.0sq.m)23,478 JPY (0.0Y/230.0sq.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

Nishitetsugojou78,564 JPY/sq.m (+204% compared with the previous year)

The average price of a sq.m Land of Nishitetsugojou was 78,564 JPY/sq.m. The market value represents an increase of 52,682 JPY (+203.5%) 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 410.0 sq.m (a +20.6% increase compared to the 340.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.0 min in 2016 and 10.0 min in 2017; +100.0%)

Dazaifu58,333 JPY/sq.m (+201% compared with the previous year)

The average price of a sq.m Land of Dazaifu was 58,333 JPY/sq.m. The market value represents an increase of 38,979 JPY (+201.4%) 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 240.0 sq.m (a -22.6% decrease compared to the 310.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 19.0 min in 2016 and 9.0 min in 2017; -52.6%)

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)