JR Nagasaki Old line Nagasaki 2016-1Q
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 Jan, 2016 to Mar, 2016 was 50,207 JPY/sq.m. The market value represents a decrease of 4,043 JPY (-7.5%) compared to 1 year ago and a transition to a bear market. 27 properties exchanged hands ( The market value represents a decrease of 3 (-10.0%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 329.1 sq.m (a -23.4% decrease compared to the 429.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

2 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 5% compared to last year. The most dramatic price increase was at Kikitsu station, where prices have increased +313.2% compared to last year; a sq.m unit now costs 51,042 JPY/sq.m.

The top 1 stations has seen prices increase +313.2% (+38,690 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -34.8% (-29,867 JPY/sq.m).

Cause of price increases

  • An increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 3.3% of total transactions in 2015 and 3.7% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 37.0 min in 2015 and 49.1 min in 2016; +32.7%)

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 87,077 JPY/sq.m. The market value represents an increase of 7,610 JPY (+9.6%) compared to 1 year ago and a transition to a strong market. 2 properties exchanged hands ( The market value represents a decrease of 5 (-71.4%) 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 43,380 JPY/sq.m. The market value represents a decrease of 7,929 JPY (-15.5%) compared to 1 year ago and a transition to a weak market. 16 properties exchanged hands ( The market value represents an increase of 4 (+33.3%) 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(2016)1 year ago2 years ago
Kikitsu51,042 JPY (0.0Y/853.3sq.m)12,352 JPY (0.0Y/1700.0sq.m)12,000 JPY (0.0Y/1500.0sq.m)
Ookusa---
Honnkawachi---
Nagayo-33,602 JPY (0.0Y/131.9sq.m)-
Kouda--46,000 JPY (0.0Y/500.0sq.m)
Michinoo43,380 JPY (0.0Y/283.4sq.m)51,309 JPY (0.0Y/632.5sq.m)33,082 JPY (0.0Y/530.7sq.m)
Nishiurakami55,847 JPY (0.0Y/249.2sq.m)85,714 JPY (0.0Y/192.5sq.m)100,000 JPY (0.0Y/220.0sq.m)
Urakami87,077 JPY (0.0Y/147.5sq.m)79,467 JPY (0.0Y/307.1sq.m)72,727 JPY (0.0Y/220.0sq.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

Kikitsu51,042 JPY/sq.m (+313% compared with the previous year)

The average price of a sq.m Land of Kikitsu was 51,042 JPY/sq.m. The market value represents an increase of 38,690 JPY (+313.2%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 853.3 sq.m (a -49.8% decrease compared to the 1700.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 14.0 min in 2015 and 11.7 min in 2016; -16.7%)

Nishiurakami55,847 JPY/sq.m (-35% compared with the previous year)

The average price of a sq.m Land of Nishiurakami was 55,847 JPY/sq.m. The market value represents a decrease of 29,867 JPY (-34.8%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 4 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 249.2 sq.m (a +29.4% increase compared to the 192.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 28.0 min in 2015 and 18.8 min in 2016; -32.7%)

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)