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 Dec, 2016 was 210,839 JPY/sq.m. The market value represents a decrease of 12,832 JPY (-5.7%) compared to 1 year ago and a transition to a bear market. 114 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 18.0 years old (a +16.0% increase compared to the 15.6 years old of last year.). The average size of the real estate was 72.5 sq.m (a -3.5% decrease compared to the 75.2 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 locations more than twenty minutes by foot from the station, outside of walking distance.

10 stations have experienced increased prices; 5 stations have experienced decreased prices. The overall trend was the same as last year. Kinntetsunagashima, Masuo, Iseasahi, Kawagoetomisuhara, Tsushinnmachi, Minamigaoka station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kinntetsunagashima station, where prices have increased +48.2% compared to last year; a sq.m unit now costs 244,444 JPY/sq.m.

The top 2 stations has seen prices increase +48.1% (+70,004 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -49.1% (-117,505 JPY/sq.m).

Causes of price decreases

  • An increase in average age of the building (representing 15.6 years old in 2015 and 18.0 years old in 2016; +16.0%)
  • An increase in average distance from the station (representing 10.3 min in 2015 and 11.6 min in 2016; +12.9%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.0% of total transactions in 2015 and 41.5% of total transactions in 2016)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 23.0% of total transactions in 2015 and 15.8% of total transactions in 2016)

Apartment stations market overview

The average price of Tsu Apartment, the highest market value along this railway was 306,422 JPY/sq.m. The market value represents an increase of 10,853 JPY (+3.7%) compared to 1 year ago and a transition to a some market. 15 properties exchanged hands (It was the same as last year.).

The average price of Iseasahi Apartment, the lowest market value along this railway was 60,741 JPY/sq.m. The market value represents an increase of 18,519 JPY (+43.9%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) 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.)
Kinntetsunagashima244,444 JPYsq.m
(7.75890410958904190.0sq.m)
164,912 JPYsq.m
(15.34520547945205595.0sq.m)
118,496 JPYsq.m
(17.26301369863013686.7sq.m)
Kuwana214,430 JPYsq.m
(19.81284246575342375.0sq.m)
213,994 JPYsq.m
(17.24320337197049574.6sq.m)
182,081 JPYsq.m
(20.1031426269137874.4sq.m)
Masuo291,666 JPYsq.m
(9.38630136986301477.5sq.m)
235,294 JPYsq.m
(8.25753424657534385.0sq.m)
266,667 JPYsq.m
(7.25753424657534290.0sq.m)
Iseasahi60,741 JPYsq.m
(24.26849315068493245.0sq.m)
42,222 JPYsq.m
(23.01369863013698645.0sq.m)
-
Kawagoetomisuhara186,667 JPYsq.m
(15.63926940639269271.7sq.m)
126,190 JPYsq.m
(19.68127853881278770.0sq.m)
172,760 JPYsq.m
(17.69236790606653670.6sq.m)
Kinntetsutomida131,428 JPYsq.m
(26.39726027397260270.0sq.m)
269,232 JPYsq.m
(8.70630136986301583.0sq.m)
271,250 JPYsq.m
(24.39452054794520680.0sq.m)
Kasumigaura---
Akuragawa109,643 JPYsq.m
(25.39452054794520675.0sq.m)
206,850 JPYsq.m
(16.83483365949119265.7sq.m)
164,706 JPYsq.m
(24.26849315068493285.0sq.m)
Kawaramachi180,366 JPYsq.m
(16.93059360730593776.7sq.m)
209,468 JPYsq.m
(20.8493150684931576.7sq.m)
-
Kinntetsuyokkaichi235,540 JPYsq.m
(18.51575342465753670.5sq.m)
234,486 JPYsq.m
(16.31361804995970772.0sq.m)
250,699 JPYsq.m
(15.32397260273972675.3sq.m)
Shinnshou178,947 JPYsq.m
(18.26575342465753695.0sq.m)
-200,000 JPYsq.m
(16.76438356164383680.0sq.m)
Nagonoura---
Mida---
Isewakamatsu---
Chiyozaki---
Shiroko139,965 JPYsq.m
(22.3219178082191869.0sq.m)
175,969 JPYsq.m
(16.0697576396206578.2sq.m)
155,373 JPYsq.m
(18.35278001611603671.5sq.m)
Tsuzumigaura44,091 JPYsq.m
(28.14520547945205655.0sq.m)
--
Isoyama80,000 JPYsq.m
(28.7726027397260355.0sq.m)
-21,429 JPYsq.m
(27.52328767123287570.0sq.m)
Tsu306,422 JPYsq.m
(11.95753424657534276.0sq.m)
295,569 JPYsq.m
(10.79196347031963576.3sq.m)
318,269 JPYsq.m
(10.7591780821917870.5sq.m)
Tsushinnmachi245,475 JPYsq.m
(15.62739726027397376.2sq.m)
195,312 JPYsq.m
(16.82534246575342685.0sq.m)
248,922 JPYsq.m
(10.2602739726027463.8sq.m)
Minamigaoka270,588 JPYsq.m
(17.26575342465753685.0sq.m)
216,814 JPYsq.m
(15.67808219178082277.5sq.m)
-
Hisai177,884 JPYsq.m
(15.63835616438356172.5sq.m)
225,660 JPYsq.m
(21.01643835616438276.7sq.m)
167,307 JPYsq.m
(20.51575342465753666.2sq.m)
Momozono--56,000 JPYsq.m
(25.5205479452054875.0sq.m)
Isenakagawa293,750 JPYsq.m
(8.38356164383561680.0sq.m)
280,000 JPYsq.m
(8.25753424657534375.0sq.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

Kinntetsunagashima244,444 JPY/sq.m (+48% compared with the previous year)

The average price of Kinntetsunagashima Apartment was 244,444 JPY/sq.m. The market value represents an increase of 79,532 JPY (+48.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 7.8 years old (a -49.4% decrease compared to the 15.3 years old of last year.). The average size of the real estate was 90.0 sq.m (a -5.3% decrease compared to the 95.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 15.3 years old in 2015 and 7.8 years old in 2016; -49.4%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.0 min in 2015 and 9.0 min in 2016; +80.0%)

Kawagoetomisuhara186,667 JPY/sq.m (+48% compared with the previous year)

The average price of Kawagoetomisuhara Apartment was 186,667 JPY/sq.m. The market value represents an increase of 60,476 JPY (+47.9%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 3 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 15.6 years old (a -20.5% decrease compared to the 19.7 years old of last year.). The average size of the real estate was 71.7 sq.m (a +2.4% increase compared to the 70.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 19.7 years old in 2015 and 15.6 years old in 2016; -20.5%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2015 and 33.3% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.7 min in 2015 and 7.5 min in 2016; +32.4%)

Kinntetsutomida131,428 JPY/sq.m (-51% compared with the previous year)

The average price of Kinntetsutomida Apartment was 131,428 JPY/sq.m. The market value represents a decrease of 137,803 JPY (-51.2%) 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 26.4 years old (a +203.2% increase compared to the 8.7 years old of last year.). The average size of the real estate was 70.0 sq.m (a -15.7% decrease compared to the 83.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 8.7 years old in 2015 and 26.4 years old in 2016; +203.2%)
  • A dramatic increase in average distance from the station (representing 6.4 min in 2015 and 13.0 min in 2016; +103.1%)

Akuragawa109,643 JPY/sq.m (-47% compared with the previous year)

The average price of Akuragawa Apartment was 109,643 JPY/sq.m. The market value represents a decrease of 97,207 JPY (-47.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 5 (-71.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 25.4 years old (a +50.8% increase compared to the 16.8 years old of last year.). The average size of the real estate was 75.0 sq.m (a +14.1% increase compared to the 65.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.8 years old in 2015 and 25.4 years old in 2016; +50.8%)
  • A dramatic increase in average distance from the station (representing 5.0 min in 2015 and 7.5 min in 2016; +50.0%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 57.1% 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)