JR Nagasaki Main Line Nagasaki 2015-3Q
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 Jul, 2015 to Sep, 2015 was 71,716 JPY/sq.m. The market value represents a decrease of 5,013 JPY (-6.5%) compared to 1 year ago and a transition to a bear market. 49 properties exchanged hands ( The market value represents an increase of 16 (+48.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 403.1 sq.m (a +3.1% increase compared to the 390.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

3 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Hizennkoga, Nagasaki station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nishiisahaya station, where prices have increased +113.6% compared to last year; a sq.m unit now costs 35,086 JPY/sq.m.

The top 2 stations has seen prices increase +85.1% (+28,499 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -76.6% (-29,173 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 39.5 min in 2014 and 32.5 min in 2015; -17.7%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 6.1% of total transactions in 2014 and 10.2% of total transactions in 2015)

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 174,754 JPY/sq.m. The market value represents a decrease of 38,140 JPY (-17.9%) compared to 1 year ago and a transition to a weak 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 Oe, the lowest market value along this railway was 2,941 JPY/sq.m. The market value represents a decrease of 2,297 JPY (-43.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

JR Nagasaki Main Line (Stations Land market overview)
JR Nagasaki Main LineThis year(2015)1 year ago2 years ago
Konagai-2,333 JPY (0.0Y/1500.0sq.m)8,333 JPY (0.0Y/30.0sq.m)
Yue--17,435 JPY (0.0Y/195.0sq.m)
Oe2,941 JPY (0.0Y/1700.0sq.m)5,238 JPY (0.0Y/210.0sq.m)4,722 JPY (0.0Y/360.0sq.m)
Hizennnagata4,901 JPY (0.0Y/510.0sq.m)21,052 JPY (0.0Y/380.0sq.m)16,111 JPY (0.0Y/525.0sq.m)
Higashiisahaya--48,484 JPY (0.0Y/165.0sq.m)
Isahaya36,561 JPY (0.0Y/315.9sq.m)37,105 JPY (0.0Y/264.2sq.m)32,437 JPY (0.0Y/379.4sq.m)
Nishiisahaya35,086 JPY (0.0Y/334.0sq.m)16,428 JPY (0.0Y/1067.5sq.m)28,244 JPY (0.0Y/538.3sq.m)
Kikitsu39,439 JPY (0.0Y/97.5sq.m)-20,524 JPY (0.0Y/693.3sq.m)
Ichinuno---
Hizennkoga38,689 JPY (0.0Y/425.0sq.m)28,668 JPY (0.0Y/480.0sq.m)44,916 JPY (0.0Y/221.2sq.m)
Utsutsugawa13,043 JPY (0.0Y/230.0sq.m)55,238 JPY (0.0Y/105.0sq.m)-
Urakami174,754 JPY (0.0Y/117.5sq.m)212,894 JPY (0.0Y/185.8sq.m)116,215 JPY (0.0Y/150.0sq.m)
Nagasaki105,933 JPY (0.0Y/493.4sq.m)67,591 JPY (0.0Y/229.5sq.m)70,433 JPY (0.0Y/272.4sq.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

Nishiisahaya35,086 JPY/sq.m (+114% compared with the previous year)

The average price of a sq.m Land of Nishiisahaya was 35,086 JPY/sq.m. The market value represents an increase of 18,658 JPY (+113.6%) 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 334.0 sq.m (a -68.7% decrease compared to the 1067.5 sq.m of last year.).

Nagasaki105,933 JPY/sq.m (+57% compared with the previous year)

The average price of a sq.m Land of Nagasaki was 105,933 JPY/sq.m. The market value represents an increase of 38,341 JPY (+56.7%) compared to 1 year ago and a transition to a dramatic market. 19 properties exchanged hands ( The market value represents an increase of 9 (+90.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 493.4 sq.m (a +115.0% increase compared to the 229.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 73.2 min in 2014 and 41.0 min in 2015; -44.0%)

Hizennnagata4,901 JPY/sq.m (-77% compared with the previous year)

The average price of a sq.m Land of Hizennnagata was 4,901 JPY/sq.m. The market value represents a decrease of 16,151 JPY (-76.7%) 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 510.0 sq.m (a +34.2% increase compared to the 380.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.0 min in 2014 and 25.0 min in 2015; +177.8%)

Utsutsugawa13,043 JPY/sq.m (-76% compared with the previous year)

The average price of a sq.m Land of Utsutsugawa was 13,043 JPY/sq.m. The market value represents a decrease of 42,195 JPY (-76.4%) 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 230.0 sq.m (a +119.0% increase compared to the 105.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2014 and 13.0 min in 2015; -56.7%)

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)