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, 2017 to Sep, 2017 was 51,834 JPY/sq.m. The market value represents a decrease of 12,847 JPY (-19.9%) compared to 1 year ago and a transition to a weak market. 23 properties exchanged hands ( The market value represents a decrease of 7 (-23.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 248.9 sq.m (a -64.6% decrease compared to the 702.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

1 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Michinoo 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 -58.2% compared to last year; a sq.m unit now costs 58,375 JPY/sq.m.

The top 1 stations has seen prices increase +272.5% (+54,478 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -58.2% (-81,381 JPY/sq.m).


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 Nagayo, the highest market value along this railway was 74,470 JPY/sq.m. The market value represents an increase of 54,478 JPY (+272.5%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Michinoo, the lowest market value along this railway was 45,127 JPY/sq.m. The market value represents a decrease of 9,857 JPY (-17.9%) compared to 1 year ago and a transition to a weak market. 15 properties exchanged hands ( The market value represents a decrease of 2 (-11.8%) compared to 1 year ago and a transition to a weak market.).

JR Nagasaki Old line (Stations Land market overview)
JR Nagasaki Old lineThis year(2017)1 year ago2 years ago
Kikitsu--39,439 JPY (0.0Y/97.5sq.m)
Ookusa---
Honnkawachi---
Nagayo74,470 JPY (0.0Y/203.3sq.m)19,992 JPY (0.0Y/606.7sq.m)66,005 JPY (0.0Y/487.5sq.m)
Kouda-60,529 JPY (0.0Y/473.0sq.m)-
Michinoo45,127 JPY (0.0Y/265.0sq.m)54,984 JPY (0.0Y/824.4sq.m)28,304 JPY (0.0Y/370.7sq.m)
Nishiurakami--48,955 JPY (0.0Y/452.9sq.m)
Urakami58,375 JPY (0.0Y/228.0sq.m)139,756 JPY (0.0Y/220.0sq.m)174,754 JPY (0.0Y/117.5sq.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

Nagayo74,470 JPY/sq.m (+273% compared with the previous year)

The average price of a sq.m Land of Nagayo was 74,470 JPY/sq.m. The market value represents an increase of 54,478 JPY (+272.5%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 203.3 sq.m (a -66.5% decrease compared to the 606.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 39.7 min in 2016 and 15.0 min in 2017; -62.2%)

Urakami58,375 JPY/sq.m (-58% compared with the previous year)

The average price of a sq.m Land of Urakami was 58,375 JPY/sq.m. The market value represents a decrease of 81,381 JPY (-58.2%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 228.0 sq.m (a +3.6% increase compared to the 220.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 15.8 min in 2016 and 46.6 min in 2017; +195.9%)

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)