JR Ōmura Line Nagasaki 2014-1Q
Land market report

JR Ōmura Line railway market report

JR Ōmura Line Land market overview

The average price of a sq.m Land of JR Ōmura Line (Haiki to Isahaya), in Jan, 2014 to Mar, 2014 was 29,023 JPY/sq.m. The market value represents a decrease of 3,131 JPY (-9.7%) compared to 1 year ago and a transition to a bear market. 34 properties exchanged hands ( The market value represents a decrease of 28 (-45.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 643.7 sq.m (a +58.2% increase compared to the 406.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

4 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Kawatana station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kawatana station, where prices have increased +26.8% compared to last year; a sq.m unit now costs 26,086 JPY/sq.m.

The top 2 stations has seen prices increase +20.9% (+6,182 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -21.3% (-7,927 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 1.6% of total transactions in 2013 and 2.9% of total transactions in 2014)

Causes of price decreases

  • An increase in average distance from the station (representing 22.7 min in 2013 and 25.8 min in 2014; +13.4%)

Breakdown of each segment

The table below shows Land dealt in JR Ōmura 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 Haiki, the highest market value along this railway was 52,173 JPY/sq.m. The market value represents an increase of 6,856 JPY (+15.1%) compared to 1 year ago and a transition to a bull market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Isahaya, the lowest market value along this railway was 23,262 JPY/sq.m. The market value represents a decrease of 14,159 JPY (-37.8%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents a decrease of 9 (-45.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Ōmura Line (Stations Land market overview)
JR Ōmura LineThis year(2014)1 year ago2 years ago
Haiki52,173 JPY (0.0Y/1115.0sq.m)45,318 JPY (0.0Y/197.5sq.m)40,977 JPY (0.0Y/273.3sq.m)
Hausutennbosu2,000 JPY (0.0Y/1600.0sq.m)-2,469 JPY (0.0Y/810.0sq.m)
Haenosaki---
Ogushigou-12,375 JPY (0.0Y/80.0sq.m)12,166 JPY (0.0Y/330.0sq.m)
Kawatana26,086 JPY (0.0Y/230.0sq.m)20,577 JPY (0.0Y/352.0sq.m)14,542 JPY (0.0Y/275.0sq.m)
Sonogi--18,000 JPY (0.0Y/300.0sq.m)
Chiwata---
Matsubara---
Takematsu28,458 JPY (0.0Y/1068.0sq.m)26,684 JPY (0.0Y/423.7sq.m)28,323 JPY (0.0Y/627.1sq.m)
Suwa33,241 JPY (0.0Y/204.0sq.m)34,936 JPY (0.0Y/332.5sq.m)46,153 JPY (0.0Y/1130.0sq.m)
Oomura36,195 JPY (0.0Y/436.9sq.m)31,489 JPY (0.0Y/328.0sq.m)25,863 JPY (0.0Y/311.5sq.m)
Iwamatsu16,666 JPY (0.0Y/120.0sq.m)--
Isahaya23,262 JPY (0.0Y/713.6sq.m)37,421 JPY (0.0Y/358.8sq.m)27,788 JPY (0.0Y/322.8sq.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

Kawatana26,086 JPY/sq.m (+27% compared with the previous year)

The average price of a sq.m Land of Kawatana was 26,086 JPY/sq.m. The market value represents an increase of 5,509 JPY (+26.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 230.0 sq.m (a -34.7% decrease compared to the 352.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 41.2 min in 2013 and 8.0 min in 2014; -80.6%)

Haiki52,173 JPY/sq.m (+15% compared with the previous year)

The average price of a sq.m Land of Haiki was 52,173 JPY/sq.m. The market value represents an increase of 6,856 JPY (+15.1%) compared to 1 year ago and a transition to a bull market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1115.0 sq.m (a +464.6% increase compared to the 197.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 17.0 min in 2013 and 20.5 min in 2014; +20.6%)

Isahaya23,262 JPY/sq.m (-38% compared with the previous year)

The average price of a sq.m Land of Isahaya was 23,262 JPY/sq.m. The market value represents a decrease of 14,159 JPY (-37.8%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents a decrease of 9 (-45.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 713.6 sq.m (a +98.9% increase compared to the 358.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 24.7 min in 2013 and 29.7 min in 2014; +20.4%)

Suwa33,241 JPY/sq.m (-5% compared with the previous year)

The average price of a sq.m Land of Suwa was 33,241 JPY/sq.m. The market value represents a decrease of 1,695 JPY (-4.9%) compared to 1 year ago and a transition to a some 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 204.0 sq.m (a -38.6% decrease compared to the 332.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 14.5 min in 2013 and 8.0 min in 2014; -44.8%)

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)