JR Nagasaki Main Line Nagasaki 2016-4Q
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 Oct, 2016 to Dec, 2016 was 57,617 JPY/sq.m. The market value represents an increase of 15,814 JPY (+37.8%) compared to 1 year ago and a transition to a dramatic market. 57 properties exchanged hands ( The market value represents an increase of 4 (+7.5%) compared to 1 year ago and a transition to a strong market.).

The average size of the real estate was 438.9 sq.m (a +38.2% increase compared to the 317.5 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.

5 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Nishiisahaya, Urakami station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nagasaki station, where prices have increased +106.7% compared to last year; a sq.m unit now costs 85,809 JPY/sq.m.

The top 2 stations has seen prices increase +102.7% (+31,751 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -7.9% (-2,476 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 50.0 min in 2015 and 32.3 min in 2016; -35.3%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.9% of total transactions in 2015 and 3.5% of total transactions in 2016)

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 Nagasaki, the highest market value along this railway was 85,809 JPY/sq.m. The market value represents an increase of 44,286 JPY (+106.7%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents a decrease of 13 (-43.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Yue, the lowest market value along this railway was 7,608 JPY/sq.m. The market value represents an increase of 108 JPY (+1.4%) compared to 1 year ago and a transition to a slight market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) 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(2016)1 year ago2 years ago
Konagai5,405 JPY (0.0Y/185.0sq.m)--
Yue7,608 JPY (0.0Y/536.7sq.m)7,500 JPY (0.0Y/240.0sq.m)9,833 JPY (0.0Y/882.5sq.m)
Oe8,035 JPY (0.0Y/560.0sq.m)8,292 JPY (0.0Y/410.0sq.m)6,718 JPY (0.0Y/640.0sq.m)
Hizennnagata24,285 JPY (0.0Y/350.0sq.m)--
Higashiisahaya6,172 JPY (0.0Y/655.0sq.m)--
Isahaya50,463 JPY (0.0Y/709.1sq.m)46,647 JPY (0.0Y/463.8sq.m)30,272 JPY (0.0Y/305.0sq.m)
Nishiisahaya38,660 JPY (0.0Y/418.0sq.m)19,444 JPY (0.0Y/360.0sq.m)18,333 JPY (0.0Y/1200.0sq.m)
Kikitsu30,434 JPY (0.0Y/230.0sq.m)-38,333 JPY (0.0Y/967.5sq.m)
Ichinuno50,000 JPY (0.0Y/380.0sq.m)-25,555 JPY (0.0Y/180.0sq.m)
Hizennkoga32,526 JPY (0.0Y/587.5sq.m)37,222 JPY (0.0Y/227.0sq.m)13,000 JPY (0.0Y/100.0sq.m)
Utsutsugawa---
Urakami77,926 JPY (0.0Y/221.0sq.m)53,617 JPY (0.0Y/209.3sq.m)37,437 JPY (0.0Y/241.0sq.m)
Nagasaki85,809 JPY (0.0Y/349.4sq.m)41,522 JPY (0.0Y/316.8sq.m)83,923 JPY (0.0Y/414.3sq.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

Nagasaki85,809 JPY/sq.m (+107% compared with the previous year)

The average price of a sq.m Land of Nagasaki was 85,809 JPY/sq.m. The market value represents an increase of 44,286 JPY (+106.7%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents a decrease of 13 (-43.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 349.4 sq.m (a +10.3% increase compared to the 316.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 66.4 min in 2015 and 52.3 min in 2016; -21.3%)

Nishiisahaya38,660 JPY/sq.m (+99% compared with the previous year)

The average price of a sq.m Land of Nishiisahaya was 38,660 JPY/sq.m. The market value represents an increase of 19,216 JPY (+98.8%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 418.0 sq.m (a +16.1% increase compared to the 360.0 sq.m of last year.).

Hizennkoga32,526 JPY/sq.m (-13% compared with the previous year)

The average price of a sq.m Land of Hizennkoga was 32,526 JPY/sq.m. The market value represents a decrease of 4,696 JPY (-12.6%) compared to 1 year ago and a transition to a weak 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 587.5 sq.m (a +158.8% increase compared to the 227.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 39.8 min in 2015 and 45.5 min in 2016; +14.3%)

Oe8,035 JPY/sq.m (-3% compared with the previous year)

The average price of a sq.m Land of Oe was 8,035 JPY/sq.m. The market value represents a decrease of 257 JPY (-3.1%) compared to 1 year ago and a transition to a some market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 560.0 sq.m (a +36.6% increase compared to the 410.0 sq.m of last year.).


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)