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, 2015 to Mar, 2015 was 54,250 JPY/sq.m. The market value represents an increase of 15,380 JPY (+39.6%) compared to 1 year ago and a transition to a dramatic market. 30 properties exchanged hands ( The market value represents an increase of 12 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 429.3 sq.m (a -21.7% decrease compared to the 548.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

3 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Michinoo station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Michinoo station, where prices have increased +55.1% compared to last year; a sq.m unit now costs 51,309 JPY/sq.m.

The top 1 stations has seen prices increase +55.1% (+18,227 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -14.3% (-14,286 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 69.2 min in 2014 and 37.0 min in 2015; -46.5%)

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 Nishiurakami, the highest market value along this railway was 85,714 JPY/sq.m. The market value represents a decrease of 14,286 JPY (-14.3%) compared to 1 year ago and a transition to a weak 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 price of a sq.m Land of Kikitsu, the lowest market value along this railway was 12,352 JPY/sq.m. The market value represents an increase of 352 JPY (+2.9%) compared to 1 year ago and a transition to a slight market. 1 properties exchanged hands (It was the same as last year.).

JR Nagasaki Old line (Stations Land market overview)
JR Nagasaki Old lineThis year(2015)1 year ago2 years ago
Kikitsu12,352 JPY (0.0Y/1700.0sq.m)12,000 JPY (0.0Y/1500.0sq.m)47,826 JPY (0.0Y/1115.0sq.m)
Ookusa---
Honnkawachi--20,996 JPY (0.0Y/160.0sq.m)
Nagayo33,602 JPY (0.0Y/131.9sq.m)-79,985 JPY (0.0Y/260.0sq.m)
Kouda-46,000 JPY (0.0Y/500.0sq.m)-
Michinoo51,309 JPY (0.0Y/632.5sq.m)33,082 JPY (0.0Y/530.7sq.m)29,440 JPY (0.0Y/312.6sq.m)
Nishiurakami85,714 JPY (0.0Y/192.5sq.m)100,000 JPY (0.0Y/220.0sq.m)44,990 JPY (0.0Y/136.2sq.m)
Urakami79,467 JPY (0.0Y/307.1sq.m)72,727 JPY (0.0Y/220.0sq.m)92,951 JPY (0.0Y/151.4sq.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

Michinoo51,309 JPY/sq.m (+55% compared with the previous year)

The average price of a sq.m Land of Michinoo was 51,309 JPY/sq.m. The market value represents an increase of 18,227 JPY (+55.1%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents a decrease of 2 (-14.3%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 632.5 sq.m (a +19.2% increase compared to the 530.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 84.6 min in 2014 and 61.2 min in 2015; -27.6%)

Nishiurakami85,714 JPY/sq.m (-14% compared with the previous year)

The average price of a sq.m Land of Nishiurakami was 85,714 JPY/sq.m. The market value represents a decrease of 14,286 JPY (-14.3%) compared to 1 year ago and a transition to a weak 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 192.5 sq.m (a -12.5% decrease compared to the 220.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.0 min in 2014 and 28.0 min in 2015; +180.0%)

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)