JR Nagasaki Main Line Nagasaki 2017-3Q
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, 2017 to Sep, 2017 was 40,643 JPY/sq.m. The market value represents a decrease of 40,905 JPY (-50.2%) compared to 1 year ago and a transition to a dramatic market. 32 properties exchanged hands ( The market value represents an increase of 5 (+18.5%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 317.2 sq.m (a -47.8% decrease compared to the 607.8 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.

1 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Isahaya station has seen a price decrease of over 20% compared to last year. The most dramatic price increase was at Nagasaki station, where prices have decreased -74.3% compared to last year; a sq.m unit now costs 42,838 JPY/sq.m.

The top 2 stations has seen prices increase +173.7% (+23,991 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -66.3% (-102,755 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 29.2 min in 2016 and 44.1 min in 2017; +50.9%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 7.7% of total transactions in 2016 and 3.1% of total transactions in 2017)

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 Higashiisahaya, the highest market value along this railway was 61,904 JPY/sq.m. The market value represents an increase of 48,075 JPY (+347.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Nishiisahaya, the lowest market value along this railway was 25,000 JPY/sq.m. The market value represents a decrease of 16,082 JPY (-39.1%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 6 (-85.7%) 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(2017)1 year ago2 years ago
Konagai---
Yue-10,714 JPY (0.0Y/1400.0sq.m)-
Oe12,500 JPY (0.0Y/120.0sq.m)-2,941 JPY (0.0Y/1700.0sq.m)
Hizennnagata--4,901 JPY (0.0Y/510.0sq.m)
Higashiisahaya61,904 JPY (0.0Y/210.0sq.m)13,829 JPY (0.0Y/1470.0sq.m)-
Isahaya31,139 JPY (0.0Y/308.9sq.m)31,231 JPY (0.0Y/473.0sq.m)36,561 JPY (0.0Y/315.9sq.m)
Nishiisahaya25,000 JPY (0.0Y/560.0sq.m)41,082 JPY (0.0Y/497.9sq.m)35,086 JPY (0.0Y/334.0sq.m)
Kikitsu--39,439 JPY (0.0Y/97.5sq.m)
Ichinuno---
Hizennkoga37,174 JPY (0.0Y/826.7sq.m)54,545 JPY (0.0Y/1495.0sq.m)38,689 JPY (0.0Y/425.0sq.m)
Utsutsugawa--13,043 JPY (0.0Y/230.0sq.m)
Urakami58,375 JPY (0.0Y/228.0sq.m)139,756 JPY (0.0Y/220.0sq.m)174,754 JPY (0.0Y/117.5sq.m)
Nagasaki42,838 JPY (0.0Y/238.3sq.m)166,968 JPY (0.0Y/70.0sq.m)105,933 JPY (0.0Y/493.4sq.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

Higashiisahaya61,904 JPY/sq.m (+348% compared with the previous year)

The average price of a sq.m Land of Higashiisahaya was 61,904 JPY/sq.m. The market value represents an increase of 48,075 JPY (+347.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 210.0 sq.m (a -85.7% decrease compared to the 1470.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 11.0 min in 2016 and 2.0 min in 2017; -81.8%)

Isahaya31,139 JPY/sq.m (-0% compared with the previous year)

The average price of a sq.m Land of Isahaya was 31,139 JPY/sq.m. The market value represents a decrease of 93 JPY (-0.3%) compared to 1 year ago and a transition to a slight market. 9 properties exchanged hands ( The market value represents an increase of 4 (+80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 308.9 sq.m (a -34.7% decrease compared to the 473.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 18.2 min in 2016 and 30.8 min in 2017; +68.6%)

Nagasaki42,838 JPY/sq.m (-74% compared with the previous year)

The average price of a sq.m Land of Nagasaki was 42,838 JPY/sq.m. The market value represents a decrease of 124,130 JPY (-74.3%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents an increase of 7 (+140.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 238.3 sq.m (a +240.5% increase compared to the 70.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 46.6 min in 2016 and 57.8 min in 2017; +23.9%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 40.0% of total transactions in 2016 and 8.3% of total transactions in 2017)

Urakami58,375 JPY/sq.m (-58% compared with the previous year)

The average price of a sq.m Land of Urakami was 58,375 JPY/sq.m. The market value represents a decrease of 81,381 JPY (-58.2%) 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 228.0 sq.m (a +3.6% increase compared to the 220.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 15.8 min in 2016 and 46.6 min in 2017; +195.9%)

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)