JR Nagasaki Old line Nagasaki 2017-FY
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 Jan, 2017 to Dec, 2017 was 58,548 JPY/sq.m. The market value represents an increase of 3,709 JPY (+6.8%) compared to 1 year ago and a transition to a strong market. 39 properties exchanged hands ( The market value represents a decrease of 101 (-72.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 286.4 sq.m (a -29.4% decrease compared to the 405.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

5 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was toward increased prices. Nagayo, Kouda, Nishiurakami station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nishiurakami station, where prices have increased +73.8% compared to last year; a sq.m unit now costs 128,571 JPY/sq.m.

The top 2 stations has seen prices increase +49.3% (+34,183 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease +4.2% (+1,387 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 Nishiurakami, the highest market value along this railway was 128,571 JPY/sq.m. The market value represents an increase of 54,577 JPY (+73.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 19 (-95.0%) 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 46,427 JPY/sq.m. The market value represents an increase of 4,250 JPY (+10.1%) compared to 1 year ago and a transition to a bull market. 23 properties exchanged hands ( The market value represents a decrease of 46 (-66.7%) 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
Kikitsu50,980 JPY (0.0Y/510.0sq.m)43,005 JPY (0.0Y/573.0sq.m)30,410 JPY (0.0Y/631.7sq.m)
Ookusa---
Honnkawachi---
Nagayo58,194 JPY (0.0Y/181.0sq.m)47,004 JPY (0.0Y/237.9sq.m)46,637 JPY (0.0Y/190.4sq.m)
Kouda69,230 JPY (0.0Y/910.0sq.m)55,441 JPY (0.0Y/414.2sq.m)-
Michinoo46,427 JPY (0.0Y/223.7sq.m)42,177 JPY (0.0Y/521.8sq.m)34,223 JPY (0.0Y/465.6sq.m)
Nishiurakami128,571 JPY (0.0Y/350.0sq.m)73,994 JPY (0.0Y/255.8sq.m)61,694 JPY (0.0Y/348.6sq.m)
Urakami84,474 JPY (0.0Y/418.8sq.m)85,950 JPY (0.0Y/196.9sq.m)97,589 JPY (0.0Y/260.4sq.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

Nishiurakami128,571 JPY/sq.m (+74% 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 54,577 JPY (+73.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 19 (-95.0%) 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 +36.9% increase compared to the 255.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 17.2 min in 2016 and 10.0 min in 2017; -42.0%)

Kouda69,230 JPY/sq.m (+25% compared with the previous year)

The average price of a sq.m Land of Kouda was 69,230 JPY/sq.m. The market value represents an increase of 13,789 JPY (+24.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 5 (-83.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 910.0 sq.m (a +119.7% increase compared to the 414.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 14.5 min in 2016 and 7.0 min in 2017; -51.7%)

Urakami84,474 JPY/sq.m (-2% compared with the previous year)

The average price of a sq.m Land of Urakami was 84,474 JPY/sq.m. The market value represents a decrease of 1,476 JPY (-1.7%) compared to 1 year ago and a transition to a slight market. 8 properties exchanged hands ( The market value represents a decrease of 13 (-61.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 418.8 sq.m (a +112.7% increase compared to the 196.9 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 22.2 min in 2016 and 37.9 min in 2017; +70.7%)

Michinoo46,427 JPY/sq.m (+10% compared with the previous year)

The average price of a sq.m Land of Michinoo was 46,427 JPY/sq.m. The market value represents an increase of 4,250 JPY (+10.1%) compared to 1 year ago and a transition to a bull market. 23 properties exchanged hands ( The market value represents a decrease of 46 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 223.7 sq.m (a -57.1% decrease compared to the 521.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 74.7 min in 2016 and 57.2 min in 2017; -23.5%)

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)