Kintetsu Nagoya Line railway market report

Kintetsu Nagoya Line Apartment market overview

The average price of Kintetsu Nagoya Line (Kinntetsunagashima to Isenakagawa) Apartment, in Apr, 2017 to Jun, 2017 was 194,176 JPY/sq.m. The market value represents a decrease of 8,852 JPY (-4.4%) compared to 1 year ago and a transition to a some market. 19 properties exchanged hands ( The market value represents a decrease of 2 (-9.5%) compared to 1 year ago and a transition to a bear market.).

The average age of the real estate was 19.8 years old (a +19.6% increase compared to the 16.6 years old of last year.). The average size of the real estate was 66.1 sq.m (a -11.6% decrease compared to the 74.8 sq.m of last year.).

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

4 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Kawaramachi, Tsu station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kinntetsutomida station, where prices have increased +386.1% compared to last year; a sq.m unit now costs 375,000 JPY/sq.m.

The top 2 stations has seen prices increase +311.2% (+172,565 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -45.6% (-150,346 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 12.7 min in 2016 and 11.3 min in 2017; -11.4%)
  • An increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 23.8% of total transactions in 2016 and 26.3% of total transactions in 2017)

Causes of price decreases

  • An increase in average age of the building (representing 16.6 years old in 2016 and 19.8 years old in 2017; +19.6%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 42.1% of total transactions in 2016 and 50.0% of total transactions in 2017)

Apartment stations market overview

The average price of Kinntetsutomida Apartment, the highest market value along this railway was 375,000 JPY/sq.m. The market value represents an increase of 297,857 JPY (+386.1%) 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 price of Tsuzumigaura Apartment, the lowest market value along this railway was 67,273 JPY/sq.m. The market value represents an increase of 47,273 JPY (+236.4%) 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.).

Kintetsu Nagoya Line (Stations Apartment market overview)
Kintetsu Nagoya LineThis year(2017)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kinntetsunagashima---
Kuwana214,603 JPYsq.m
(19.26575342465753671.7sq.m)
307,451 JPYsq.m
(4.25479452054794681.7sq.m)
206,721 JPYsq.m
(17.76301369863013680.0sq.m)
Masuo253,333 JPYsq.m
(10.2602739726027475.0sq.m)
333,333 JPYsq.m
(9.2602739726027475.0sq.m)
235,294 JPYsq.m
(8.25753424657534385.0sq.m)
Iseasahi---
Kawagoetomisuhara-200,000 JPYsq.m
(8.25753424657534370.0sq.m)
57,143 JPYsq.m
(20.26575342465753670.0sq.m)
Kinntetsutomida375,000 JPYsq.m
(7.25753424657534280.0sq.m)
77,143 JPYsq.m
(26.2712328767123370.0sq.m)
271,825 JPYsq.m
(9.2566210045662175.0sq.m)
Kasumigaura---
Akuragawa--246,154 JPYsq.m
(8.25753424657534365.0sq.m)
Kawaramachi300,000 JPYsq.m
(9.25753424657534370.0sq.m)
211,765 JPYsq.m
(8.25753424657534385.0sq.m)
-
Kinntetsuyokkaichi177,709 JPYsq.m
(26.06958904109588864.0sq.m)
-230,846 JPYsq.m
(16.9287671232876774.5sq.m)
Shinnshou-178,947 JPYsq.m
(18.26575342465753695.0sq.m)
-
Nagonoura---
Mida---
Isewakamatsu---
Chiyozaki---
Shiroko146,594 JPYsq.m
(0.067.5sq.m)
158,095 JPYsq.m
(20.26621004566210370.0sq.m)
-
Tsuzumigaura67,273 JPYsq.m
(0.055.0sq.m)
20,000 JPYsq.m
(28.2712328767123355.0sq.m)
-
Isoyama---
Tsu325,000 JPYsq.m
(5.25479452054794680.0sq.m)
269,173 JPYsq.m
(12.26164383561643882.5sq.m)
177,778 JPYsq.m
(12.2602739726027490.0sq.m)
Tsushinnmachi133,333 JPYsq.m
(35.27671232876712530.0sq.m)
341,176 JPYsq.m
(8.25753424657534385.0sq.m)
300,000 JPYsq.m
(7.254794520547946100sq.m)
Minamigaoka--144,444 JPYsq.m
(16.26301369863013690.0sq.m)
Hisai116,667 JPYsq.m
(22.26849315068493260.0sq.m)
130,769 JPYsq.m
(21.26849315068493265.0sq.m)
-
Momozono---
Isenakagawa--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

Kinntetsutomida375,000 JPY/sq.m (+386% compared with the previous year)

The average price of Kinntetsutomida Apartment was 375,000 JPY/sq.m. The market value represents an increase of 297,857 JPY (+386.1%) 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 7.3 years old (a -72.4% decrease compared to the 26.3 years old of last year.). The average size of the real estate was 80.0 sq.m (a +14.3% 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 26.3 years old in 2016 and 7.3 years old in 2017; -72.4%)
  • A dramatic decrease in average distance from the station (representing 13.0 min in 2016 and 3.0 min in 2017; -76.9%)

Tsuzumigaura67,273 JPY/sq.m (+236% compared with the previous year)

The average price of Tsuzumigaura Apartment was 67,273 JPY/sq.m. The market value represents an increase of 47,273 JPY (+236.4%) 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 55.0 sq.m (a +0.0% decrease compared to the 55.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 16.5 min in 2016 and 19.0 min in 2017; +15.2%)

Tsushinnmachi133,333 JPY/sq.m (-61% compared with the previous year)

The average price of Tsushinnmachi Apartment was 133,333 JPY/sq.m. The market value represents a decrease of 207,844 JPY (-60.9%) 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 age of the real estate was 35.3 years old (a +327.2% increase compared to the 8.3 years old of last year.). The average size of the real estate was 30.0 sq.m (a -64.7% decrease compared to the 85.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 5.0 min in 2016 and 3.0 min in 2017; -40.0%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 50.0% of total transactions in 2016 and 100.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 8.3 years old in 2016 and 35.3 years old in 2017; +327.2%)

Kuwana214,603 JPY/sq.m (-30% compared with the previous year)

The average price of Kuwana Apartment was 214,603 JPY/sq.m. The market value represents a decrease of 92,848 JPY (-30.2%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 19.3 years old (a +352.8% increase compared to the 4.3 years old of last year.). The average size of the real estate was 71.7 sq.m (a -12.2% decrease compared to the 81.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 4.3 years old in 2016 and 19.3 years old in 2017; +352.8%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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