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 Jul, 2014 to Sep, 2014 was 34,602 JPY/sq.m. The market value represents an increase of 5,172 JPY (+17.6%) compared to 1 year ago and a transition to a bull market. 32 properties exchanged hands ( The market value represents a decrease of 62 (-66.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 418.4 sq.m (a -12.5% decrease compared to the 478.2 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.

6 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was the same as last year. Haiki, Takematsu, Suwa, Oomura station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Haiki station, where prices have increased +44.5% compared to last year; a sq.m unit now costs 59,615 JPY/sq.m.

The top 2 stations has seen prices increase +43.2% (+14,778 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease +8.8% (+2,636 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 19.6 min in 2013 and 16.7 min in 2014; -14.7%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 5.3% of total transactions in 2013 and 9.4% of total transactions in 2014)

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 59,615 JPY/sq.m. The market value represents an increase of 18,367 JPY (+44.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 10 (-90.9%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Kawatana, the lowest market value along this railway was 18,865 JPY/sq.m. The market value represents an increase of 604 JPY (+3.3%) compared to 1 year ago and a transition to a some market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) 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
Haiki59,615 JPY (0.0Y/520.0sq.m)41,248 JPY (0.0Y/662.3sq.m)33,438 JPY (0.0Y/395.0sq.m)
Hausutennbosu13,750 JPY (0.0Y/640.0sq.m)-3,913 JPY (0.0Y/230.0sq.m)
Haenosaki---
Ogushigou-9,306 JPY (0.0Y/282.5sq.m)8,104 JPY (0.0Y/916.7sq.m)
Kawatana18,865 JPY (0.0Y/632.5sq.m)18,261 JPY (0.0Y/282.0sq.m)16,462 JPY (0.0Y/470.0sq.m)
Sonogi14,814 JPY (0.0Y/135.0sq.m)-2,857 JPY (0.0Y/1070.0sq.m)
Chiwata---
Matsubara-12,380 JPY (0.0Y/760.0sq.m)18,196 JPY (0.0Y/306.7sq.m)
Takematsu27,324 JPY (0.0Y/551.7sq.m)22,474 JPY (0.0Y/654.8sq.m)29,338 JPY (0.0Y/313.2sq.m)
Suwa37,857 JPY (0.0Y/227.5sq.m)26,667 JPY (0.0Y/220.0sq.m)38,187 JPY (0.0Y/506.7sq.m)
Oomura49,012 JPY (0.0Y/320.0sq.m)36,782 JPY (0.0Y/401.2sq.m)38,083 JPY (0.0Y/485.5sq.m)
Iwamatsu--12,342 JPY (0.0Y/345.0sq.m)
Isahaya37,105 JPY (0.0Y/264.2sq.m)32,437 JPY (0.0Y/379.4sq.m)36,323 JPY (0.0Y/282.2sq.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

Haiki59,615 JPY/sq.m (+45% compared with the previous year)

The average price of a sq.m Land of Haiki was 59,615 JPY/sq.m. The market value represents an increase of 18,367 JPY (+44.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 10 (-90.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 520.0 sq.m (a -21.5% decrease compared to the 662.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 24.9 min in 2013 and 11.0 min in 2014; -55.8%)

Suwa37,857 JPY/sq.m (+42% compared with the previous year)

The average price of a sq.m Land of Suwa was 37,857 JPY/sq.m. The market value represents an increase of 11,190 JPY (+42.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 12 (-85.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 227.5 sq.m (a +3.4% increase compared to the 220.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 11.2 min in 2013 and 6.5 min in 2014; -42.0%)

Kawatana18,865 JPY/sq.m (+3% compared with the previous year)

The average price of a sq.m Land of Kawatana was 18,865 JPY/sq.m. The market value represents an increase of 604 JPY (+3.3%) compared to 1 year ago and a transition to a some market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 632.5 sq.m (a +124.3% increase compared to the 282.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 16.2 min in 2013 and 6.5 min in 2014; -59.9%)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 40.0% of total transactions in 2013 and 25.0% of total transactions in 2014)

Isahaya37,105 JPY/sq.m (+14% compared with the previous year)

The average price of a sq.m Land of Isahaya was 37,105 JPY/sq.m. The market value represents an increase of 4,668 JPY (+14.4%) compared to 1 year ago and a transition to a bull market. 6 properties exchanged hands ( The market value represents a decrease of 11 (-64.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 264.2 sq.m (a -30.4% decrease compared to the 379.4 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 29.4 min in 2013 and 23.5 min in 2014; -19.9%)

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)