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 Apr, 2015 to Jun, 2015 was 84,321 JPY/sq.m. The market value represents an increase of 21,959 JPY (+35.2%) compared to 1 year ago and a transition to a dramatic market. 14 properties exchanged hands ( The market value represents a decrease of 11 (-44.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 378.6 sq.m (a -34.3% decrease compared to the 576.4 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.

1 stations have experienced increased prices; 2 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 Urakami station, where prices have increased +68.2% compared to last year; a sq.m unit now costs 118,590 JPY/sq.m.

The top 1 stations has seen prices increase +68.2% (+48,101 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -24.0% (-25,992 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 39.2 min in 2014 and 55.2 min in 2015; +40.9%)

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 118,590 JPY/sq.m. The market value represents an increase of 48,101 JPY (+68.2%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Michinoo, the lowest market value along this railway was 44,023 JPY/sq.m. The market value represents a decrease of 2,652 JPY (-5.7%) compared to 1 year ago and a transition to a bear market. 6 properties exchanged hands ( The market value represents a decrease of 6 (-50.0%) 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(2015)1 year ago2 years ago
Kikitsu--38,766 JPY (0.0Y/200.0sq.m)
Ookusa---
Honnkawachi---
Nagayo-61,904 JPY (0.0Y/210.0sq.m)48,680 JPY (0.0Y/381.7sq.m)
Kouda-35,000 JPY (0.0Y/280.0sq.m)59,804 JPY (0.0Y/768.0sq.m)
Michinoo44,023 JPY (0.0Y/475.8sq.m)46,675 JPY (0.0Y/517.1sq.m)38,994 JPY (0.0Y/333.1sq.m)
Nishiurakami82,260 JPY (0.0Y/140.0sq.m)108,252 JPY (0.0Y/210.0sq.m)71,726 JPY (0.0Y/467.0sq.m)
Urakami118,590 JPY (0.0Y/360.8sq.m)70,490 JPY (0.0Y/812.5sq.m)82,701 JPY (0.0Y/436.7sq.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

Urakami118,590 JPY/sq.m (+68% compared with the previous year)

The average price of a sq.m Land of Urakami was 118,590 JPY/sq.m. The market value represents an increase of 48,101 JPY (+68.2%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 360.8 sq.m (a -55.6% decrease compared to the 812.5 sq.m of last year.).

Nishiurakami82,260 JPY/sq.m (-24% compared with the previous year)

The average price of a sq.m Land of Nishiurakami was 82,260 JPY/sq.m. The market value represents a decrease of 25,992 JPY (-24.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 140.0 sq.m (a -33.3% decrease compared to the 210.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 12.8 min in 2014 and 68.0 min in 2015; +433.3%)

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)