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 Oct, 2014 to Dec, 2014 was 28,020 JPY/sq.m. The market value represents a decrease of 2,676 JPY (-8.7%) compared to 1 year ago and a transition to a bear market. 19 properties exchanged hands ( The market value represents a decrease of 85 (-81.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 296.8 sq.m (a -29.8% decrease compared to the 422.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

4 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Kawatana, Chiwata, Takematsu station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Chiwata station, where prices have increased +70.0% compared to last year; a sq.m unit now costs 4,545 JPY/sq.m.

The top 2 stations has seen prices increase +62.2% (+5,176 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -24.6% (-9,162 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 22.7 min in 2013 and 18.7 min in 2014; -17.7%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.9% of total transactions in 2013 and 15.8% 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 48,000 JPY/sq.m. The market value represents an increase of 7,007 JPY (+17.1%) compared to 1 year ago and a transition to a bull 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 Chiwata, the lowest market value along this railway was 4,545 JPY/sq.m. The market value represents an increase of 1,871 JPY (+70.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) 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
Haiki48,000 JPY (0.0Y/250.0sq.m)40,993 JPY (0.0Y/308.1sq.m)39,397 JPY (0.0Y/807.8sq.m)
Hausutennbosu-10,946 JPY (0.0Y/321.2sq.m)-
Haenosaki---
Ogushigou-2,400 JPY (0.0Y/350.0sq.m)9,655 JPY (0.0Y/145.0sq.m)
Kawatana24,036 JPY (0.0Y/215.0sq.m)15,555 JPY (0.0Y/515.6sq.m)13,876 JPY (0.0Y/191.2sq.m)
Sonogi--1,913 JPY (0.0Y/115.0sq.m)
Chiwata4,545 JPY (0.0Y/220.0sq.m)2,674 JPY (0.0Y/172.5sq.m)5,714 JPY (0.0Y/175.0sq.m)
Matsubara--9,454 JPY (0.0Y/550.0sq.m)
Takematsu31,232 JPY (0.0Y/323.8sq.m)23,254 JPY (0.0Y/687.2sq.m)22,631 JPY (0.0Y/740.9sq.m)
Suwa37,500 JPY (0.0Y/160.0sq.m)41,559 JPY (0.0Y/282.2sq.m)30,202 JPY (0.0Y/380.0sq.m)
Oomura26,098 JPY (0.0Y/334.4sq.m)36,280 JPY (0.0Y/406.9sq.m)29,864 JPY (0.0Y/475.5sq.m)
Iwamatsu-21,276 JPY (0.0Y/1470.0sq.m)-
Isahaya30,272 JPY (0.0Y/305.0sq.m)38,414 JPY (0.0Y/243.3sq.m)19,115 JPY (0.0Y/480.7sq.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

Chiwata4,545 JPY/sq.m (+70% compared with the previous year)

The average price of a sq.m Land of Chiwata was 4,545 JPY/sq.m. The market value represents an increase of 1,871 JPY (+70.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 220.0 sq.m (a +27.5% increase compared to the 172.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 90.0 min in 2013 and 4.0 min in 2014; -95.6%)

Kawatana24,036 JPY/sq.m (+55% compared with the previous year)

The average price of a sq.m Land of Kawatana was 24,036 JPY/sq.m. The market value represents an increase of 8,482 JPY (+54.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 6 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 215.0 sq.m (a -58.3% decrease compared to the 515.6 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 16.9 min in 2013 and 6.0 min in 2014; -64.4%)

Oomura26,098 JPY/sq.m (-28% compared with the previous year)

The average price of a sq.m Land of Oomura was 26,098 JPY/sq.m. The market value represents a decrease of 10,182 JPY (-28.1%) compared to 1 year ago and a transition to a dramatic 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 334.4 sq.m (a -17.8% decrease compared to the 406.9 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 23.3 min in 2013 and 19.9 min in 2014; -14.6%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 4.8% of total transactions in 2013 and 12.5% of total transactions in 2014)

Isahaya30,272 JPY/sq.m (-21% compared with the previous year)

The average price of a sq.m Land of Isahaya was 30,272 JPY/sq.m. The market value represents a decrease of 8,142 JPY (-21.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 16 (-88.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 305.0 sq.m (a +25.3% increase compared to the 243.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 19.8 min in 2013 and 14.5 min in 2014; -26.7%)

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)