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 Jan, 2014 to Dec, 2014 was 53,377 JPY/sq.m. The market value represents an increase of 6,256 JPY (+13.3%) compared to 1 year ago and a transition to a bull market. 102 properties exchanged hands ( The market value represents a decrease of 69 (-40.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 454.0 sq.m (a +25.4% increase compared to the 362.0 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; 5 stations have experienced decreased prices. Market value of most stations decreased. Nishiurakami, 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 +97.0% compared to last year; a sq.m unit now costs 102,549 JPY/sq.m.

The top 2 stations has seen prices increase +65.3% (+39,518 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -32.3% (-11,898 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 0.6% of total transactions in 2013 and 2.0% of total transactions in 2014)

Causes of price decreases

  • An increase in average distance from the station (representing 48.6 min in 2013 and 56.6 min in 2014; +16.5%)

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 113,702 JPY/sq.m. The market value represents an increase of 28,550 JPY (+33.5%) compared to 1 year ago and a transition to a dramatic market. 18 properties exchanged hands ( The market value represents a decrease of 6 (-25.0%) 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 9,564 JPY (-38.6%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

JR Nagasaki Old line (Stations Land market overview)
JR Nagasaki Old lineThis year(2014)1 year ago2 years ago
Kikitsu29,555 JPY (0.0Y/1145.0sq.m)36,836 JPY (0.0Y/532.5sq.m)28,192 JPY (0.0Y/560.5sq.m)
Ookusa--2,352 JPY (0.0Y/740.0sq.m)
Honnkawachi15,227 JPY (0.0Y/770.0sq.m)24,791 JPY (0.0Y/176.7sq.m)-
Nagayo47,415 JPY (0.0Y/245.7sq.m)59,071 JPY (0.0Y/289.1sq.m)49,975 JPY (0.0Y/477.6sq.m)
Kouda40,500 JPY (0.0Y/390.0sq.m)54,732 JPY (0.0Y/625.0sq.m)51,216 JPY (0.0Y/231.7sq.m)
Michinoo29,907 JPY (0.0Y/493.3sq.m)31,335 JPY (0.0Y/382.0sq.m)31,455 JPY (0.0Y/344.4sq.m)
Nishiurakami102,549 JPY (0.0Y/185.5sq.m)52,062 JPY (0.0Y/319.8sq.m)70,861 JPY (0.0Y/239.3sq.m)
Urakami113,702 JPY (0.0Y/411.9sq.m)85,152 JPY (0.0Y/220.8sq.m)117,966 JPY (0.0Y/195.4sq.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

Nishiurakami102,549 JPY/sq.m (+97% compared with the previous year)

The average price of a sq.m Land of Nishiurakami was 102,549 JPY/sq.m. The market value represents an increase of 50,487 JPY (+97.0%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents a decrease of 9 (-45.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 185.5 sq.m (a -42.0% decrease compared to the 319.8 sq.m of last year.).

Urakami113,702 JPY/sq.m (+34% compared with the previous year)

The average price of a sq.m Land of Urakami was 113,702 JPY/sq.m. The market value represents an increase of 28,550 JPY (+33.5%) compared to 1 year ago and a transition to a dramatic market. 18 properties exchanged hands ( The market value represents a decrease of 6 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 411.9 sq.m (a +86.5% increase compared to the 220.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 34.1 min in 2013 and 23.1 min in 2014; -32.2%)

Honnkawachi15,227 JPY/sq.m (-39% 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 9,564 JPY (-38.6%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 770.0 sq.m (a +335.8% increase compared to the 176.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 26.0 min in 2013 and 18.3 min in 2014; -29.5%)

Kouda40,500 JPY/sq.m (-26% compared with the previous year)

The average price of a sq.m Land of Kouda was 40,500 JPY/sq.m. The market value represents a decrease of 14,232 JPY (-26.0%) 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 390.0 sq.m (a -37.6% decrease compared to the 625.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 31.1 min in 2013 and 14.5 min in 2014; -53.4%)

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)