JR Nagasaki Old line railway market report
- Type: Land
- Line: JR Nagasaki Old line
Kikitsu Urakami [8 stations] - Period: 2015 - 4Q
Oct, 2015 Dec, 2015
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, 2015 to Dec, 2015 was 42,503 JPY/sq.m. The market value represents an increase of 7,181 JPY (+20.3%) compared to 1 year ago and a transition to a dramatic market. 19 properties exchanged hands ( The market value represents a decrease of 3 (-13.6%) compared to 1 year ago and a transition to a weak market.).
The average size of the real estate was 366.8 sq.m (a -34.1% decrease compared to the 556.6 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.
3 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Nagayo, Michinoo, Urakami 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 +78.7% compared to last year; a sq.m unit now costs 79,411 JPY/sq.m.
The top 1 stations has seen prices increase +78.7% (+34,967 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +30.1% (+5,936 JPY/sq.m).
Cause of price increases
- An decrease in average distance from the station (representing 65.2 min in 2014 and 54.2 min in 2015; -16.9%)
Breakdown of each segment
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
Land stations market overview
The average price of a sq.m Land of Nagayo, the highest market value along this railway was 79,411 JPY/sq.m. The market value represents an increase of 34,967 JPY (+78.7%) compared to 1 year ago and a transition to a dramatic 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 Michinoo, the lowest market value along this railway was 25,656 JPY/sq.m. The market value represents an increase of 5,936 JPY (+30.1%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents a decrease of 2 (-16.7%) compared to 1 year ago and a transition to a weak market.).
| JR Nagasaki Old line | This year（2015） | 1 year ago | 2 years ago |
|---|---|---|---|
| Kikitsu | - | 38,333 JPY (0.0Y/967.5sq.m) | 52,914 JPY (0.0Y/207.5sq.m) |
| Ookusa | - | - | - |
| Honnkawachi | - | - | - |
| Nagayo | 79,411 JPY (0.0Y/127.5sq.m) | 44,444 JPY (0.0Y/270.0sq.m) | 58,018 JPY (0.0Y/235.6sq.m) |
| Kouda | - | - | - |
| Michinoo | 25,656 JPY (0.0Y/525.0sq.m) | 19,720 JPY (0.0Y/710.4sq.m) | 26,857 JPY (0.0Y/528.9sq.m) |
| Nishiurakami | - | 100,462 JPY (0.0Y/155.0sq.m) | 55,384 JPY (0.0Y/270.0sq.m) |
| Urakami | 53,617 JPY (0.0Y/209.3sq.m) | 37,437 JPY (0.0Y/241.0sq.m) | 52,618 JPY (0.0Y/145.0sq.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.
Noteworthy stations
Nagayo 79,411 JPY/sq.m (+79% compared with the previous year)
The average price of a sq.m Land of Nagayo was 79,411 JPY/sq.m. The market value represents an increase of 34,967 JPY (+78.7%) compared to 1 year ago and a transition to a dramatic 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 127.5 sq.m (a -52.8% decrease compared to the 270.0 sq.m of last year.).
Cause of price increases
- A dramatic decrease in average distance from the station (representing 21.0 min in 2014 and 14.5 min in 2015; -31.0%)
Michinoo 25,656 JPY/sq.m (+30% compared with the previous year)
The average price of a sq.m Land of Michinoo was 25,656 JPY/sq.m. The market value represents an increase of 5,936 JPY (+30.1%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents a decrease of 2 (-16.7%) compared to 1 year ago and a transition to a weak market.).
The average size of the real estate was 525.0 sq.m (a -26.1% decrease compared to the 710.4 sq.m of last year.).
Cause of price increases
- An decrease in average distance from the station (representing 100.1 min in 2014 and 84.0 min in 2015; -16.1%)
Breakdown of each segment
Station: Segment: