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 Sep, 2017 was 63,249 JPY/sq.m. The market value represents an increase of 12,171 JPY (+23.8%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 13 (-72.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 312.0 sq.m (a -33.3% decrease compared to the 468.1 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.

2 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was toward increased prices. Nishitetsugojou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Dazaifu station, where prices have increased +200.8% compared to last year; a sq.m unit now costs 58,333 JPY/sq.m.

The top 1 stations has seen prices increase +200.8% (+38,939 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +24.3% (+12,622 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 14.4 min in 2016 and 9.8 min in 2017; -31.9%)

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 64,478 JPY/sq.m. The market value represents an increase of 12,622 JPY (+24.3%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 2 (-33.3%) 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 58,333 JPY/sq.m. The market value represents an increase of 38,939 JPY (+200.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 6 (-85.7%) compared to 1 year ago and a transition to a dramatic market.).

Nishitetsu Dazaifu Line (Stations Land market overview)
Nishitetsu Dazaifu LineThis year(2017)1 year ago2 years ago
Nishitetsufutsukaichi-94,501 JPY (0.0Y/250.0sq.m)70,177 JPY (0.0Y/668.1sq.m)
Nishitetsugojou64,478 JPY (0.0Y/330.0sq.m)51,857 JPY (0.0Y/490.0sq.m)53,696 JPY (0.0Y/428.8sq.m)
Dazaifu58,333 JPY (0.0Y/240.0sq.m)19,394 JPY (0.0Y/605.0sq.m)31,128 JPY (0.0Y/254.0sq.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

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 38,939 JPY (+200.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 6 (-85.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 240.0 sq.m (a -60.3% decrease compared to the 605.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 20.4 min in 2016 and 9.0 min in 2017; -55.9%)

Nishitetsugojou64,478 JPY/sq.m (+24% compared with the previous year)

The average price of a sq.m Land of Nishitetsugojou was 64,478 JPY/sq.m. The market value represents an increase of 12,622 JPY (+24.3%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 2 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 330.0 sq.m (a -32.7% decrease compared to the 490.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 11.5 min in 2016 and 10.0 min in 2017; -13.0%)

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)