JR Nagasaki Old line Nagasaki 2014-4Q
Land market report

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 Oct, 2014 to Dec, 2014 was 35,321 JPY/sq.m. The market value represents a decrease of 6,437 JPY (-15.4%) compared to 1 year ago and a transition to a weak market. 22 properties exchanged hands ( The market value represents a decrease of 23 (-51.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 556.6 sq.m (a +50.0% increase compared to the 371.0 sq.m of last year.).

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

1 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Nishiurakami 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 +81.4% compared to last year; a sq.m unit now costs 100,462 JPY/sq.m.

The top 1 stations has seen prices increase +81.4% (+45,078 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -28.9% (-15,181 JPY/sq.m).

Causes of price decreases

  • An increase in average distance from the station (representing 55.2 min in 2013 and 65.2 min in 2014; +18.1%)

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 Nishiurakami, the highest market value along this railway was 100,462 JPY/sq.m. The market value represents an increase of 45,078 JPY (+81.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 5 (-71.4%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Michinoo, the lowest market value along this railway was 19,720 JPY/sq.m. The market value represents a decrease of 7,137 JPY (-26.6%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents a decrease of 10 (-45.5%) 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
Kikitsu38,333 JPY (0.0Y/967.5sq.m)52,914 JPY (0.0Y/207.5sq.m)22,033 JPY (0.0Y/1295.0sq.m)
Ookusa--2,357 JPY (0.0Y/730.0sq.m)
Honnkawachi---
Nagayo44,444 JPY (0.0Y/270.0sq.m)58,018 JPY (0.0Y/235.6sq.m)40,268 JPY (0.0Y/308.8sq.m)
Kouda--80,000 JPY (0.0Y/300.0sq.m)
Michinoo19,720 JPY (0.0Y/710.4sq.m)26,857 JPY (0.0Y/528.9sq.m)27,934 JPY (0.0Y/375.8sq.m)
Nishiurakami100,462 JPY (0.0Y/155.0sq.m)55,384 JPY (0.0Y/270.0sq.m)83,384 JPY (0.0Y/237.2sq.m)
Urakami37,437 JPY (0.0Y/241.0sq.m)52,618 JPY (0.0Y/145.0sq.m)87,367 JPY (0.0Y/273.8sq.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

Nishiurakami100,462 JPY/sq.m (+81% compared with the previous year)

The average price of a sq.m Land of Nishiurakami was 100,462 JPY/sq.m. The market value represents an increase of 45,078 JPY (+81.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 5 (-71.4%) 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 -42.6% decrease compared to the 270.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 18.6 min in 2013 and 16.5 min in 2014; -11.2%)

Urakami37,437 JPY/sq.m (-29% compared with the previous year)

The average price of a sq.m Land of Urakami was 37,437 JPY/sq.m. The market value represents a decrease of 15,181 JPY (-28.9%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 1 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 241.0 sq.m (a +66.2% increase compared to the 145.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 38.7 min in 2013 and 29.4 min in 2014; -24.0%)

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)