JR Nagasaki Main Line Nagasaki 2014-FY
Land market report

JR Nagasaki Main Line railway market report

JR Nagasaki Main Line Land market overview

The average price of a sq.m Land of JR Nagasaki Main Line (Konagai to Nagasaki), in Jan, 2014 to Dec, 2014 was 56,447 JPY/sq.m. The market value represents an increase of 937 JPY (+1.7%) compared to 1 year ago and a transition to a slight market. 139 properties exchanged hands ( The market value represents a decrease of 138 (-49.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 492.8 sq.m (a +25.5% increase compared to the 392.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

2 stations have experienced increased prices; 10 stations have experienced decreased prices. Market value of most stations decreased. Oe, Urakami station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Urakami station, where prices have increased +33.5% compared to last year; a sq.m unit now costs 113,702 JPY/sq.m.

The top 2 stations has seen prices increase +26.9% (+15,080 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -57.2% (-5,353 JPY/sq.m).

Cause of price increases

  • An increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.6% of total transactions in 2013 and 4.3% of total transactions in 2014)

Causes of price decreases

  • An increase in average distance from the station (representing 34.7 min in 2013 and 38.6 min in 2014; +11.2%)

Breakdown of each segment

The table below shows Land dealt in JR Nagasaki Main 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 Urakami, the highest market value along this railway was 113,702 JPY/sq.m. The market value represents an increase of 28,550 JPY (+33.5%) compared to 1 year ago and a transition to a dramatic market. 18 properties exchanged hands ( The market value represents a decrease of 6 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Konagai, the lowest market value along this railway was 2,333 JPY/sq.m. The market value represents a decrease of 4,386 JPY (-65.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 5 (-83.3%) compared to 1 year ago and a transition to a dramatic market.).

JR Nagasaki Main Line (Stations Land market overview)
JR Nagasaki Main LineThis year(2014)1 year ago2 years ago
Konagai2,333 JPY (0.0Y/1500.0sq.m)6,719 JPY (0.0Y/84.2sq.m)15,244 JPY (0.0Y/428.0sq.m)
Yue6,562 JPY (0.0Y/756.7sq.m)12,882 JPY (0.0Y/417.5sq.m)14,516 JPY (0.0Y/310.0sq.m)
Oe9,541 JPY (0.0Y/313.3sq.m)7,931 JPY (0.0Y/832.0sq.m)9,166 JPY (0.0Y/600.0sq.m)
Hizennnagata21,052 JPY (0.0Y/380.0sq.m)24,158 JPY (0.0Y/238.0sq.m)-
Higashiisahaya-31,382 JPY (0.0Y/291.7sq.m)31,520 JPY (0.0Y/734.0sq.m)
Isahaya29,756 JPY (0.0Y/559.8sq.m)36,671 JPY (0.0Y/306.0sq.m)31,446 JPY (0.0Y/336.9sq.m)
Nishiisahaya25,833 JPY (0.0Y/749.4sq.m)32,615 JPY (0.0Y/888.2sq.m)34,574 JPY (0.0Y/513.6sq.m)
Kikitsu29,555 JPY (0.0Y/1145.0sq.m)36,836 JPY (0.0Y/532.5sq.m)28,192 JPY (0.0Y/560.5sq.m)
Ichinuno25,555 JPY (0.0Y/180.0sq.m)28,859 JPY (0.0Y/806.7sq.m)43,529 JPY (0.0Y/170.0sq.m)
Hizennkoga25,440 JPY (0.0Y/555.0sq.m)38,463 JPY (0.0Y/357.4sq.m)29,233 JPY (0.0Y/536.0sq.m)
Utsutsugawa42,920 JPY (0.0Y/276.4sq.m)56,321 JPY (0.0Y/556.7sq.m)49,215 JPY (0.0Y/340.7sq.m)
Urakami113,702 JPY (0.0Y/411.9sq.m)85,152 JPY (0.0Y/220.8sq.m)117,966 JPY (0.0Y/195.4sq.m)
Nagasaki69,902 JPY (0.0Y/411.9sq.m)84,288 JPY (0.0Y/271.1sq.m)61,140 JPY (0.0Y/227.6sq.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

Urakami113,702 JPY/sq.m (+34% compared with the previous year)

The average price of a sq.m Land of Urakami was 113,702 JPY/sq.m. The market value represents an increase of 28,550 JPY (+33.5%) compared to 1 year ago and a transition to a dramatic market. 18 properties exchanged hands ( The market value represents a decrease of 6 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 411.9 sq.m (a +86.5% increase compared to the 220.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 34.1 min in 2013 and 23.1 min in 2014; -32.2%)

Oe9,541 JPY/sq.m (+20% compared with the previous year)

The average price of a sq.m Land of Oe was 9,541 JPY/sq.m. The market value represents an increase of 1,609 JPY (+20.3%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 313.3 sq.m (a -62.3% decrease compared to the 832.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 12.2 min in 2013 and 10.3 min in 2014; -15.3%)

Konagai2,333 JPY/sq.m (-65% compared with the previous year)

The average price of a sq.m Land of Konagai was 2,333 JPY/sq.m. The market value represents a decrease of 4,386 JPY (-65.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 5 (-83.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1500.0 sq.m (a +1682.2% increase compared to the 84.2 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 12.5 min in 2013 and 30.0 min in 2014; +140.0%)

Yue6,562 JPY/sq.m (-49% compared with the previous year)

The average price of a sq.m Land of Yue was 6,562 JPY/sq.m. The market value represents a decrease of 6,320 JPY (-49.1%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 756.7 sq.m (a +81.2% increase compared to the 417.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.7 min in 2013 and 18.0 min in 2014; +217.6%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 33.3% of total transactions in 2013 and 16.7% of total transactions in 2014)

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)