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, 2016 to Jun, 2016 was 49,678 JPY/sq.m. The market value represents a decrease of 34,643 JPY (-41.1%) compared to 1 year ago and a transition to a dramatic market. 35 properties exchanged hands ( The market value represents an increase of 21 (+150.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 209.1 sq.m (a -44.8% decrease compared to the 378.6 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.

0 stations have experienced increased prices; 3 stations have experienced decreased prices. The market value decreased in all stations. Nishiurakami station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Urakami station, where prices have decreased -50.7% compared to last year; a sq.m unit now costs 58,500 JPY/sq.m.

The top 1 stations has seen prices increase -16.0% (-13,181 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -50.7% (-60,090 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 55.2 min in 2015 and 38.4 min in 2016; -30.4%)

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 7.1% of total transactions in 2015 and 2.9% of total transactions in 2016)

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 Nishiurakami, the highest market value along this railway was 69,080 JPY/sq.m. The market value represents a decrease of 13,181 JPY (-16.0%) compared to 1 year ago and a transition to a weak market. 8 properties exchanged hands ( The market value represents an increase of 6 (+300.0%) 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 30,403 JPY/sq.m. The market value represents a decrease of 13,620 JPY (-30.9%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents an increase of 6 (+100.0%) 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(2016)1 year ago2 years ago
Kikitsu42,304 JPY (0.0Y/188.0sq.m)--
Ookusa---
Honnkawachi---
Nagayo63,447 JPY (0.0Y/120.0sq.m)-61,904 JPY (0.0Y/210.0sq.m)
Kouda--35,000 JPY (0.0Y/280.0sq.m)
Michinoo30,403 JPY (0.0Y/246.2sq.m)44,023 JPY (0.0Y/475.8sq.m)46,675 JPY (0.0Y/517.1sq.m)
Nishiurakami69,080 JPY (0.0Y/259.4sq.m)82,260 JPY (0.0Y/140.0sq.m)108,252 JPY (0.0Y/210.0sq.m)
Urakami58,500 JPY (0.0Y/150.0sq.m)118,590 JPY (0.0Y/360.8sq.m)70,490 JPY (0.0Y/812.5sq.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

Nishiurakami69,080 JPY/sq.m (-16% compared with the previous year)

The average price of a sq.m Land of Nishiurakami was 69,080 JPY/sq.m. The market value represents a decrease of 13,181 JPY (-16.0%) compared to 1 year ago and a transition to a weak market. 8 properties exchanged hands ( The market value represents an increase of 6 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 259.4 sq.m (a +85.3% increase compared to the 140.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 68.0 min in 2015 and 16.9 min in 2016; -75.2%)

Urakami58,500 JPY/sq.m (-51% compared with the previous year)

The average price of a sq.m Land of Urakami was 58,500 JPY/sq.m. The market value represents a decrease of 60,090 JPY (-50.7%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 1 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 150.0 sq.m (a -58.4% decrease compared to the 360.8 sq.m of last year.).

Cause of price increases

  • An increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 16.7% of total transactions in 2015 and 20.0% of total transactions in 2016)

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)