Nishitetsu Dazaifu Line Fukuka 2018-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, 2018 to Mar, 2018 was 85,406 JPY/sq.m. The market value represents an increase of 22,157 JPY (+35.0%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 511.2 sq.m (a +63.9% 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.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations. Dazaifu station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Dazaifu station, where prices have decreased -14.8% compared to last year; a sq.m unit now costs 49,696 JPY/sq.m.

The top 1 stations has seen prices increase -14.8% (-8,637 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -14.8% (-8,637 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 9.8 min in 2017 and 5.8 min in 2018; -41.3%)

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 Dazaifu, the highest market value along this railway was 49,696 JPY/sq.m. The market value represents a decrease of 8,637 JPY (-14.8%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Dazaifu, the lowest market value along this railway was 49,696 JPY/sq.m. The market value represents a decrease of 8,637 JPY (-14.8%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands (It was the same as last year.).

Nishitetsu Dazaifu Line (Stations Land market overview)
Nishitetsu Dazaifu LineThis year(2018)1 year ago2 years ago
Nishitetsufutsukaichi97,309 JPY (0.0Y/626.7sq.m)-94,501 JPY (0.0Y/250.0sq.m)
Nishitetsugojou-64,478 JPY (0.0Y/330.0sq.m)51,857 JPY (0.0Y/490.0sq.m)
Dazaifu49,696 JPY (0.0Y/165.0sq.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.

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Noteworthy stations

Dazaifu49,696 JPY/sq.m (-15% compared with the previous year)

The average price of a sq.m Land of Dazaifu was 49,696 JPY/sq.m. The market value represents a decrease of 8,637 JPY (-14.8%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 165.0 sq.m (a -31.2% decrease compared to the 240.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 9.0 min in 2017 and 5.0 min in 2018; -44.4%)

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)