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 Dec, 2015 was 53,444 JPY/sq.m. The market value represents an increase of 67 JPY (+0.1%) compared to 1 year ago and a transition to a slight market. 106 properties exchanged hands ( The market value represents an increase of 4 (+3.9%) compared to 1 year ago and a transition to a some market.).

The average size of the real estate was 380.6 sq.m (a -16.2% decrease compared to the 454.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving size for a general family households less than 100 sq.m.

2 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Michinoo station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Michinoo station, where prices have increased +14.4% compared to last year; a sq.m unit now costs 34,223 JPY/sq.m.

The top 1 stations has seen prices increase +14.4% (+4,317 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -39.8% (-40,855 JPY/sq.m).

Causes of price decreases

  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 2.0% of total transactions in 2014 and 0.9% 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 97,589 JPY/sq.m. The market value represents a decrease of 16,113 JPY (-14.2%) compared to 1 year ago and a transition to a weak market. 24 properties exchanged hands ( The market value represents an increase of 6 (+33.3%) 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 30,410 JPY/sq.m. The market value represents an increase of 855 JPY (+2.9%) compared to 1 year ago and a transition to a slight 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(2015)1 year ago2 years ago
Kikitsu30,410 JPY (0.0Y/631.7sq.m)29,555 JPY (0.0Y/1145.0sq.m)36,836 JPY (0.0Y/532.5sq.m)
Ookusa---
Honnkawachi-15,227 JPY (0.0Y/770.0sq.m)24,791 JPY (0.0Y/176.7sq.m)
Nagayo46,637 JPY (0.0Y/190.4sq.m)47,415 JPY (0.0Y/245.7sq.m)59,071 JPY (0.0Y/289.1sq.m)
Kouda-40,500 JPY (0.0Y/390.0sq.m)54,732 JPY (0.0Y/625.0sq.m)
Michinoo34,223 JPY (0.0Y/465.6sq.m)29,907 JPY (0.0Y/493.3sq.m)31,335 JPY (0.0Y/382.0sq.m)
Nishiurakami61,694 JPY (0.0Y/348.6sq.m)102,549 JPY (0.0Y/185.5sq.m)52,062 JPY (0.0Y/319.8sq.m)
Urakami97,589 JPY (0.0Y/260.4sq.m)113,702 JPY (0.0Y/411.9sq.m)85,152 JPY (0.0Y/220.8sq.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

Michinoo34,223 JPY/sq.m (+14% compared with the previous year)

The average price of a sq.m Land of Michinoo was 34,223 JPY/sq.m. The market value represents an increase of 4,317 JPY (+14.4%) compared to 1 year ago and a transition to a bull market. 56 properties exchanged hands ( The market value represents a decrease of 2 (-3.4%) compared to 1 year ago and a transition to a some market.).

The average size of the real estate was 465.6 sq.m (a -5.6% decrease compared to the 493.3 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 84.1 min in 2014 and 74.1 min in 2015; -11.9%)

Nishiurakami61,694 JPY/sq.m (-40% compared with the previous year)

The average price of a sq.m Land of Nishiurakami was 61,694 JPY/sq.m. The market value represents a decrease of 40,855 JPY (-39.8%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 348.6 sq.m (a +88.0% increase compared to the 185.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.7 min in 2014 and 33.0 min in 2015; +67.3%)

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)