Kintetsu Nagoya Line railway market report

Kintetsu Nagoya Line Apartment market overview

The average price of Kintetsu Nagoya Line (Kinntetsunagashima to Isenakagawa) Apartment, in Jan, 2016 to Mar, 2016 was 223,888 JPY/sq.m. The market value represents a decrease of 22,812 JPY (-9.2%) compared to 1 year ago and a transition to a bear market. 34 properties exchanged hands ( The market value represents an increase of 7 (+25.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 18.0 years old (a +30.3% increase compared to the 13.8 years old of last year.). The average size of the real estate was 69.9 sq.m (a -5.9% decrease compared to the 74.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old, as well as a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

4 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Iseasahi, Minamigaoka station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Minamigaoka station, where prices have increased +96.6% compared to last year; a sq.m unit now costs 300,000 JPY/sq.m.

The top 2 stations has seen prices increase +58.8% (+78,146 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -65.3% (-202,600 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 7.7% of total transactions in 2015 and 11.8% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 13.8 years old in 2015 and 18.0 years old in 2016; +30.3%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 29.6% of total transactions in 2015 and 45.2% of total transactions in 2016)
  • A some decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 19.2% of total transactions in 2015 and 17.6% of total transactions in 2016)

Apartment stations market overview

The average price of Kinntetsuyokkaichi Apartment, the highest market value along this railway was 323,409 JPY/sq.m. The market value represents an increase of 49,472 JPY (+18.1%) compared to 1 year ago and a transition to a bull market. 5 properties exchanged hands ( The market value represents a decrease of 1 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average price of Iseasahi Apartment, the lowest market value along this railway was 51,111 JPY/sq.m. The market value represents an increase of 8,889 JPY (+21.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

Kintetsu Nagoya Line (Stations Apartment market overview)
Kintetsu Nagoya LineThis year(2016)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kinntetsunagashima--126,316 JPYsq.m
(14.00958904109589195.0sq.m)
Kuwana180,155 JPYsq.m
(23.445401174168370.0sq.m)
226,527 JPYsq.m
(16.2098630136986373.0sq.m)
165,905 JPYsq.m
(19.84611872146118573.3sq.m)
Masuo---
Iseasahi51,111 JPYsq.m
(24.01643835616438245.0sq.m)
42,222 JPYsq.m
(23.01369863013698645.0sq.m)
-
Kawagoetomisuhara200,000 JPYsq.m
(12.50958904109589177.5sq.m)
185,714 JPYsq.m
(18.0109589041095970.0sq.m)
195,574 JPYsq.m
(17.51232876712328665.0sq.m)
Kinntetsutomida-218,182 JPYsq.m
(10.005479452054795110sq.m)
-
Kasumigaura---
Akuragawa94,286 JPYsq.m
(24.01643835616438270.0sq.m)
383,333 JPYsq.m
(4.00273972602739760.0sq.m)
-
Kawaramachi200,000 JPYsq.m
(14.0109589041095970.0sq.m)
--
Kinntetsuyokkaichi323,409 JPYsq.m
(15.0104109589041172.0sq.m)
273,936 JPYsq.m
(14.0086757990867675.8sq.m)
261,484 JPYsq.m
(12.20821917808219276.0sq.m)
Shinnshou---
Nagonoura---
Mida---
Isewakamatsu---
Chiyozaki---
Shiroko94,560 JPYsq.m
(25.01780821917808267.5sq.m)
210,713 JPYsq.m
(12.60767123287671381.0sq.m)
153,334 JPYsq.m
(21.01369863013698667.5sq.m)
Tsuzumigaura68,182 JPYsq.m
(28.01917808219178255.0sq.m)
--
Isoyama---
Tsu315,700 JPYsq.m
(11.8093150684931572.5sq.m)
339,283 JPYsq.m
(10.40602739726027374.0sq.m)
-
Tsushinnmachi289,286 JPYsq.m
(16.0118721461187266.7sq.m)
--
Minamigaoka300,000 JPYsq.m
(0.0100sq.m)
152,598 JPYsq.m
(19.0109589041095962.5sq.m)
-
Hisai225,000 JPYsq.m
(10.00821917808219180.0sq.m)
-70,909 JPYsq.m
(25.01643835616438255.0sq.m)
Momozono---
Isenakagawa325,000 JPYsq.m
(9.00821917808219180.0sq.m)
--

*Average unit prices per sq.m of Apartment 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.

Noteworthy stations

Minamigaoka300,000 JPY/sq.m (+97% compared with the previous year)

The average price of Minamigaoka Apartment was 300,000 JPY/sq.m. The market value represents an increase of 147,402 JPY (+96.6%) 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 100.0 sq.m (a +60.0% increase compared to the 62.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 29.0 min in 2015 and 8.0 min in 2016; -72.4%)

Iseasahi51,111 JPY/sq.m (+21% compared with the previous year)

The average price of Iseasahi Apartment was 51,111 JPY/sq.m. The market value represents an increase of 8,889 JPY (+21.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 24.0 years old (a +4.4% increase compared to the 23.0 years old of last year.). The average size of the real estate was 45.0 sq.m (a +0.0% decrease compared to the 45.0 sq.m of last year.).

Cause of price increases

  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2015 and 100.0% of total transactions in 2016)

Akuragawa94,286 JPY/sq.m (-75% compared with the previous year)

The average price of Akuragawa Apartment was 94,286 JPY/sq.m. The market value represents a decrease of 289,047 JPY (-75.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 24.0 years old (a +500.0% increase compared to the 4.0 years old of last year.). The average size of the real estate was 70.0 sq.m (a +16.7% increase compared to the 60.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 4.0 years old in 2015 and 24.0 years old in 2016; +500.0%)
  • A dramatic increase in average distance from the station (representing 3.0 min in 2015 and 10.0 min in 2016; +233.3%)

Shiroko94,560 JPY/sq.m (-55% compared with the previous year)

The average price of Shiroko Apartment was 94,560 JPY/sq.m. The market value represents a decrease of 116,152 JPY (-55.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 25.0 years old (a +98.4% increase compared to the 12.6 years old of last year.). The average size of the real estate was 67.5 sq.m (a -16.7% decrease compared to the 81.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 12.6 years old in 2015 and 25.0 years old in 2016; +98.4%)
  • A dramatic increase in average distance from the station (representing 12.8 min in 2015 and 26.5 min in 2016; +107.0%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 20.0% of total transactions in 2015 and 100.0% of total transactions in 2016)

Breakdown of each segment

Station:   Segment:

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)