JR Nagasaki Old line Nagasaki 2015-3Q
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 Jul, 2015 to Sep, 2015 was 48,019 JPY/sq.m. The market value represents a decrease of 16,440 JPY (-25.5%) compared to 1 year ago and a transition to a dramatic market. 43 properties exchanged hands ( The market value represents an increase of 6 (+16.2%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 353.3 sq.m (a +33.6% increase compared to the 264.5 sq.m of last year.).

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

2 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Nagayo, Michinoo station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nagayo station, where prices have increased +46.3% compared to last year; a sq.m unit now costs 66,005 JPY/sq.m.

The top 1 stations has seen prices increase +46.3% (+20,893 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -50.3% (-49,571 JPY/sq.m).

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 5.4% of total transactions in 2014 and 2.3% of total transactions in 2015)

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 174,754 JPY/sq.m. The market value represents a decrease of 38,140 JPY (-17.9%) compared to 1 year ago and a transition to a weak market. 4 properties exchanged hands ( The market value represents a decrease of 2 (-33.3%) 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 28,304 JPY/sq.m. The market value represents an increase of 5,428 JPY (+23.7%) compared to 1 year ago and a transition to a dramatic market. 28 properties exchanged hands ( The market value represents an increase of 8 (+40.0%) 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
Kikitsu39,439 JPY (0.0Y/97.5sq.m)-20,524 JPY (0.0Y/693.3sq.m)
Ookusa---
Honnkawachi-15,227 JPY (0.0Y/155.0sq.m)32,380 JPY (0.0Y/210.0sq.m)
Nagayo66,005 JPY (0.0Y/487.5sq.m)45,112 JPY (0.0Y/248.0sq.m)53,165 JPY (0.0Y/315.9sq.m)
Kouda--44,586 JPY (0.0Y/267.5sq.m)
Michinoo28,304 JPY (0.0Y/370.7sq.m)22,876 JPY (0.0Y/322.5sq.m)29,975 JPY (0.0Y/330.0sq.m)
Nishiurakami48,955 JPY (0.0Y/452.9sq.m)98,526 JPY (0.0Y/167.5sq.m)33,656 JPY (0.0Y/406.2sq.m)
Urakami174,754 JPY (0.0Y/117.5sq.m)212,894 JPY (0.0Y/185.8sq.m)116,215 JPY (0.0Y/150.0sq.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

Nagayo66,005 JPY/sq.m (+46% compared with the previous year)

The average price of a sq.m Land of Nagayo was 66,005 JPY/sq.m. The market value represents an increase of 20,893 JPY (+46.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 487.5 sq.m (a +96.6% increase compared to the 248.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.4 min in 2014 and 25.5 min in 2015; +31.4%)

Nishiurakami48,955 JPY/sq.m (-50% compared with the previous year)

The average price of a sq.m Land of Nishiurakami was 48,955 JPY/sq.m. The market value represents a decrease of 49,571 JPY (-50.3%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 3 (+75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 452.9 sq.m (a +170.4% increase compared to the 167.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.8 min in 2014 and 24.4 min in 2015; -20.6%)

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)