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, 2016 to Sep, 2016 was 64,682 JPY/sq.m. The market value represents an increase of 16,663 JPY (+34.7%) compared to 1 year ago and a transition to a dramatic market. 30 properties exchanged hands ( The market value represents a decrease of 13 (-30.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 702.7 sq.m (a +98.9% increase compared to the 353.3 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.

1 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Michinoo station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Michinoo station, where prices have increased +94.3% compared to last year; a sq.m unit now costs 54,984 JPY/sq.m.

The top 1 stations has seen prices increase +94.3% (+26,680 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -69.7% (-46,013 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 58.5 min in 2015 and 50.8 min in 2016; -13.1%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.3% of total transactions in 2015 and 3.3% 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 Urakami, the highest market value along this railway was 139,756 JPY/sq.m. The market value represents a decrease of 34,998 JPY (-20.0%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Nagayo, the lowest market value along this railway was 19,992 JPY/sq.m. The market value represents a decrease of 46,013 JPY (-69.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) 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
Kikitsu-39,439 JPY (0.0Y/97.5sq.m)-
Ookusa---
Honnkawachi--15,227 JPY (0.0Y/155.0sq.m)
Nagayo19,992 JPY (0.0Y/606.7sq.m)66,005 JPY (0.0Y/487.5sq.m)45,112 JPY (0.0Y/248.0sq.m)
Kouda60,529 JPY (0.0Y/473.0sq.m)--
Michinoo54,984 JPY (0.0Y/824.4sq.m)28,304 JPY (0.0Y/370.7sq.m)22,876 JPY (0.0Y/322.5sq.m)
Nishiurakami-48,955 JPY (0.0Y/452.9sq.m)98,526 JPY (0.0Y/167.5sq.m)
Urakami139,756 JPY (0.0Y/220.0sq.m)174,754 JPY (0.0Y/117.5sq.m)212,894 JPY (0.0Y/185.8sq.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

Michinoo54,984 JPY/sq.m (+94% compared with the previous year)

The average price of a sq.m Land of Michinoo was 54,984 JPY/sq.m. The market value represents an increase of 26,680 JPY (+94.3%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents a decrease of 11 (-39.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 824.4 sq.m (a +122.4% increase compared to the 370.7 sq.m of last year.).

Nagayo19,992 JPY/sq.m (-70% compared with the previous year)

The average price of a sq.m Land of Nagayo was 19,992 JPY/sq.m. The market value represents a decrease of 46,013 JPY (-69.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 606.7 sq.m (a +24.4% increase compared to the 487.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 25.5 min in 2015 and 39.7 min in 2016; +55.6%)

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)