JR Nagasaki Old line Nagasaki 2016-4Q
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 Oct, 2016 to Dec, 2016 was 55,589 JPY/sq.m. The market value represents an increase of 13,087 JPY (+30.8%) compared to 1 year ago and a transition to a dramatic market. 48 properties exchanged hands ( The market value represents an increase of 29 (+152.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 406.6 sq.m (a +10.8% increase compared to the 366.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an increase in transactions involving very large size more than 200 sq.m.

2 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Michinoo, Urakami 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 +52.5% compared to last year; a sq.m unit now costs 39,130 JPY/sq.m.

The top 1 stations has seen prices increase +52.5% (+13,474 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -41.1% (-32,604 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 54.2 min in 2015 and 48.5 min in 2016; -10.5%)

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 77,926 JPY/sq.m. The market value represents an increase of 24,309 JPY (+45.3%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents an increase of 3 (+42.9%) 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 39,130 JPY/sq.m. The market value represents an increase of 13,474 JPY (+52.5%) compared to 1 year ago and a transition to a dramatic market. 24 properties exchanged hands ( The market value represents an increase of 14 (+140.0%) 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
Kikitsu30,434 JPY (0.0Y/230.0sq.m)-38,333 JPY (0.0Y/967.5sq.m)
Ookusa---
Honnkawachi---
Nagayo46,807 JPY (0.0Y/151.7sq.m)79,411 JPY (0.0Y/127.5sq.m)44,444 JPY (0.0Y/270.0sq.m)
Kouda30,000 JPY (0.0Y/120.0sq.m)--
Michinoo39,130 JPY (0.0Y/604.2sq.m)25,656 JPY (0.0Y/525.0sq.m)19,720 JPY (0.0Y/710.4sq.m)
Nishiurakami98,692 JPY (0.0Y/257.5sq.m)-100,462 JPY (0.0Y/155.0sq.m)
Urakami77,926 JPY (0.0Y/221.0sq.m)53,617 JPY (0.0Y/209.3sq.m)37,437 JPY (0.0Y/241.0sq.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

Michinoo39,130 JPY/sq.m (+53% compared with the previous year)

The average price of a sq.m Land of Michinoo was 39,130 JPY/sq.m. The market value represents an increase of 13,474 JPY (+52.5%) compared to 1 year ago and a transition to a dramatic market. 24 properties exchanged hands ( The market value represents an increase of 14 (+140.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 604.2 sq.m (a +15.1% increase compared to the 525.0 sq.m of last year.).

Nagayo46,807 JPY/sq.m (-41% compared with the previous year)

The average price of a sq.m Land of Nagayo was 46,807 JPY/sq.m. The market value represents a decrease of 32,604 JPY (-41.1%) 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 151.7 sq.m (a +19.0% increase compared to the 127.5 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 14.5 min in 2015 and 16.5 min in 2016; +13.8%)

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)