JR Nagasaki Old line Nagasaki 2017-2Q
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 Apr, 2017 to Jun, 2017 was 111,280 JPY/sq.m. The market value represents an increase of 61,601 JPY (+124.0%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 32 (-91.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 178.3 sq.m (a -14.7% decrease compared to the 209.1 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.

2 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Nishiurakami 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 +237.6% compared to last year; a sq.m unit now costs 102,634 JPY/sq.m.

The top 1 stations has seen prices increase +237.6% (+72,231 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +86.1% (+59,491 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 38.4 min in 2016 and 15.3 min in 2017; -60.1%)

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 128,571 JPY/sq.m. The market value represents an increase of 59,491 JPY (+86.1%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 7 (-87.5%) 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 102,634 JPY/sq.m. The market value represents an increase of 72,231 JPY (+237.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 10 (-83.3%) 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(2017)1 year ago2 years ago
Kikitsu-42,304 JPY (0.0Y/188.0sq.m)-
Ookusa---
Honnkawachi---
Nagayo-63,447 JPY (0.0Y/120.0sq.m)-
Kouda---
Michinoo102,634 JPY (0.0Y/92.5sq.m)30,403 JPY (0.0Y/246.2sq.m)44,023 JPY (0.0Y/475.8sq.m)
Nishiurakami128,571 JPY (0.0Y/350.0sq.m)69,080 JPY (0.0Y/259.4sq.m)82,260 JPY (0.0Y/140.0sq.m)
Urakami-58,500 JPY (0.0Y/150.0sq.m)118,590 JPY (0.0Y/360.8sq.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

Michinoo102,634 JPY/sq.m (+238% compared with the previous year)

The average price of a sq.m Land of Michinoo was 102,634 JPY/sq.m. The market value represents an increase of 72,231 JPY (+237.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 10 (-83.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 92.5 sq.m (a -62.4% decrease compared to the 246.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 75.1 min in 2016 and 18.0 min in 2017; -76.0%)

Nishiurakami128,571 JPY/sq.m (+86% compared with the previous year)

The average price of a sq.m Land of Nishiurakami was 128,571 JPY/sq.m. The market value represents an increase of 59,491 JPY (+86.1%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 7 (-87.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 350.0 sq.m (a +34.9% increase compared to the 259.4 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 16.9 min in 2016 and 10.0 min in 2017; -40.7%)

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)