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, 2018 to Dec, 2018 was 81,360 JPY/sq.m. The market value represents an increase of 18,111 JPY (+28.6%) compared to 1 year ago and a transition to a dramatic market. 19 properties exchanged hands ( The market value represents an increase of 14 (+280.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 373.7 sq.m (a +19.8% increase compared to the 312.0 sq.m of last year.).

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

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Nishitetsugojou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nishitetsugojou station, where prices have increased +41.0% compared to last year; a sq.m unit now costs 90,937 JPY/sq.m.

The top 1 stations has seen prices increase +41.0% (+26,459 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -17.4% (-10,165 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.8 min in 2017 and 12.0 min in 2018; +22.4%)

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

Top

Land stations market overview

The average price of a sq.m Land of Nishitetsugojou, the highest market value along this railway was 90,937 JPY/sq.m. The market value represents an increase of 26,459 JPY (+41.0%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) 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 48,168 JPY/sq.m. The market value represents a decrease of 10,165 JPY (-17.4%) compared to 1 year ago and a transition to a weak market. 9 properties exchanged hands ( The market value represents an increase of 8 (+800.0%) compared to 1 year ago and a transition to a dramatic market.).

Nishitetsu Dazaifu Line (Stations Land market overview)
Nishitetsu Dazaifu LineThis year(2018)1 year ago2 years ago
Nishitetsufutsukaichi131,528 JPY (0.0Y/511.0sq.m)-94,501 JPY (0.0Y/250.0sq.m)
Nishitetsugojou90,937 JPY (0.0Y/479.0sq.m)64,478 JPY (0.0Y/330.0sq.m)51,857 JPY (0.0Y/490.0sq.m)
Dazaifu48,168 JPY (0.0Y/238.9sq.m)58,333 JPY (0.0Y/240.0sq.m)19,394 JPY (0.0Y/605.0sq.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.

Top

Noteworthy stations

Nishitetsugojou90,937 JPY/sq.m (+41% compared with the previous year)

The average price of a sq.m Land of Nishitetsugojou was 90,937 JPY/sq.m. The market value represents an increase of 26,459 JPY (+41.0%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 479.0 sq.m (a +45.2% increase compared to the 330.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.0 min in 2017 and 13.0 min in 2018; +30.0%)

Dazaifu48,168 JPY/sq.m (-17% compared with the previous year)

The average price of a sq.m Land of Dazaifu was 48,168 JPY/sq.m. The market value represents a decrease of 10,165 JPY (-17.4%) compared to 1 year ago and a transition to a weak market. 9 properties exchanged hands ( The market value represents an increase of 8 (+800.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 238.9 sq.m (a -0.5% decrease compared to the 240.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.0 min in 2017 and 14.7 min in 2018; +63.0%)

Breakdown of each segment

Station:   Segment:

Top

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)