JR Nagasaki Old line railway market report

JR Nagasaki Old line Land market overview

The average price of a sq.m Land of JR Nagasaki Old line (Kikitsu to Urakami), in Jul, 2014 to Sep, 2014 was 64,459 JPY/sq.m. The market value represents an increase of 18,105 JPY (+39.1%) compared to 1 year ago and a transition to a dramatic market. 37 properties exchanged hands ( The market value represents a decrease of 6 (-14.0%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 264.5 sq.m (a -20.4% decrease compared to the 332.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

2 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Urakami station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nishiurakami station, where prices have increased +192.7% compared to last year; a sq.m unit now costs 98,526 JPY/sq.m.

The top 1 stations has seen prices increase +192.7% (+64,870 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -53.0% (-17,153 JPY/sq.m).

Causes of price decreases

  • An increase in average distance from the station (representing 51.9 min in 2013 and 57.1 min in 2014; +10.1%)

Breakdown of each segment

The table below shows Land dealt in JR Nagasaki Old 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 212,894 JPY/sq.m. The market value represents an increase of 96,678 JPY (+83.2%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 1 (+20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Honnkawachi, the lowest market value along this railway was 15,227 JPY/sq.m. The market value represents a decrease of 17,153 JPY (-53.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Nagasaki Old line (Stations Land market overview)
JR Nagasaki Old lineThis year(2014)1 year ago2 years ago
Kikitsu-20,524 JPY (0.0Y/693.3sq.m)31,194 JPY (0.0Y/691.4sq.m)
Ookusa--2,337 JPY (0.0Y/770.0sq.m)
Honnkawachi15,227 JPY (0.0Y/155.0sq.m)32,380 JPY (0.0Y/210.0sq.m)-
Nagayo45,112 JPY (0.0Y/248.0sq.m)53,165 JPY (0.0Y/315.9sq.m)38,546 JPY (0.0Y/746.9sq.m)
Kouda-44,586 JPY (0.0Y/267.5sq.m)-
Michinoo22,876 JPY (0.0Y/322.5sq.m)29,975 JPY (0.0Y/330.0sq.m)33,751 JPY (0.0Y/312.7sq.m)
Nishiurakami98,526 JPY (0.0Y/167.5sq.m)33,656 JPY (0.0Y/406.2sq.m)54,612 JPY (0.0Y/292.5sq.m)
Urakami212,894 JPY (0.0Y/185.8sq.m)116,215 JPY (0.0Y/150.0sq.m)130,949 JPY (0.0Y/147.0sq.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

Nishiurakami98,526 JPY/sq.m (+193% compared with the previous year)

The average price of a sq.m Land of Nishiurakami was 98,526 JPY/sq.m. The market value represents an increase of 64,870 JPY (+192.7%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 167.5 sq.m (a -58.8% decrease compared to the 406.2 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 25.0 min in 2013 and 30.8 min in 2014; +23.0%)

Honnkawachi15,227 JPY/sq.m (-53% compared with the previous year)

The average price of a sq.m Land of Honnkawachi was 15,227 JPY/sq.m. The market value represents a decrease of 17,153 JPY (-53.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 155.0 sq.m (a -26.2% decrease compared to the 210.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 18.0 min in 2013 and 20.0 min in 2014; +11.1%)

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)