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 Dec, 2016 was 54,839 JPY/sq.m. The market value represents an increase of 1,395 JPY (+2.6%) compared to 1 year ago and a transition to a slight market. 140 properties exchanged hands ( The market value represents an increase of 34 (+32.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 405.7 sq.m (a +6.6% increase compared to the 380.6 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.

4 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was the same as last year. Kikitsu, Michinoo station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kikitsu station, where prices have increased +41.4% compared to last year; a sq.m unit now costs 43,005 JPY/sq.m.

The top 1 stations has seen prices increase +41.4% (+12,595 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -11.9% (-11,640 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.9% of total transactions in 2015 and 4.3% of total transactions in 2016)

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 0.9% of total transactions in 2015 and 0.7% 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 85,950 JPY/sq.m. The market value represents a decrease of 11,640 JPY (-11.9%) compared to 1 year ago and a transition to a weak market. 21 properties exchanged hands ( The market value represents a decrease of 3 (-12.5%) compared to 1 year ago and a transition to a weak market.).

The average price of a sq.m Land of Michinoo, the lowest market value along this railway was 42,177 JPY/sq.m. The market value represents an increase of 7,953 JPY (+23.2%) compared to 1 year ago and a transition to a dramatic market. 69 properties exchanged hands ( The market value represents an increase of 13 (+23.2%) 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
Kikitsu43,005 JPY (0.0Y/573.0sq.m)30,410 JPY (0.0Y/631.7sq.m)29,555 JPY (0.0Y/1145.0sq.m)
Ookusa---
Honnkawachi--15,227 JPY (0.0Y/770.0sq.m)
Nagayo47,004 JPY (0.0Y/237.9sq.m)46,637 JPY (0.0Y/190.4sq.m)47,415 JPY (0.0Y/245.7sq.m)
Kouda55,441 JPY (0.0Y/414.2sq.m)-40,500 JPY (0.0Y/390.0sq.m)
Michinoo42,177 JPY (0.0Y/521.8sq.m)34,223 JPY (0.0Y/465.6sq.m)29,907 JPY (0.0Y/493.3sq.m)
Nishiurakami73,994 JPY (0.0Y/255.8sq.m)61,694 JPY (0.0Y/348.6sq.m)102,549 JPY (0.0Y/185.5sq.m)
Urakami85,950 JPY (0.0Y/196.9sq.m)97,589 JPY (0.0Y/260.4sq.m)113,702 JPY (0.0Y/411.9sq.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

Kikitsu43,005 JPY/sq.m (+41% compared with the previous year)

The average price of a sq.m Land of Kikitsu was 43,005 JPY/sq.m. The market value represents an increase of 12,595 JPY (+41.4%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents an increase of 7 (+233.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 573.0 sq.m (a -9.3% decrease compared to the 631.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 48.7 min in 2015 and 18.2 min in 2016; -62.6%)

Urakami85,950 JPY/sq.m (-12% compared with the previous year)

The average price of a sq.m Land of Urakami was 85,950 JPY/sq.m. The market value represents a decrease of 11,640 JPY (-11.9%) compared to 1 year ago and a transition to a weak market. 21 properties exchanged hands ( The market value represents a decrease of 3 (-12.5%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 196.9 sq.m (a -24.4% decrease compared to the 260.4 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 8.3% of total transactions in 2015 and 9.5% 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)