Kintetsu Nagoya Line railway market report

Kintetsu Nagoya Line Apartment market overview

The average price of Kintetsu Nagoya Line (Kinntetsunagashima to Isenakagawa) Apartment, in Oct, 2017 to Dec, 2017 was 241,813 JPY/sq.m. The market value represents an increase of 4,364 JPY (+1.8%) compared to 1 year ago and a transition to a slight market. 31 properties exchanged hands ( The market value represents a decrease of 3 (-8.8%) compared to 1 year ago and a transition to a bear market.).

The average age of the real estate was 17.8 years old (a +10.9% increase compared to the 16.0 years old of last year.). The average size of the real estate was 72.9 sq.m (a -2.0% decrease compared to the 74.4 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 relatively near to the station less than six minutes by foot from the station.

5 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Akuragawa station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Akuragawa station, where prices have increased +96.5% compared to last year; a sq.m unit now costs 245,588 JPY/sq.m.

The top 2 stations has seen prices increase +55.8% (+75,813 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -33.8% (-84,717 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 5.9% of total transactions in 2016 and 12.9% of total transactions in 2017)
  • A some increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 8.8% of total transactions in 2016 and 9.7% of total transactions in 2017)

Causes of price decreases

  • An increase in average age of the building (representing 16.0 years old in 2016 and 17.8 years old in 2017; +10.9%)
  • An increase in average distance from the station (representing 11.0 min in 2016 and 12.4 min in 2017; +12.9%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2016 and 41.4% of total transactions in 2017)

Apartment stations market overview

The average price of Tsu Apartment, the highest market value along this railway was 335,714 JPY/sq.m. The market value represents an increase of 17,395 JPY (+5.5%) compared to 1 year ago and a transition to a strong 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 price of Tsushinnmachi Apartment, the lowest market value along this railway was 119,107 JPY/sq.m. The market value represents a decrease of 150,066 JPY (-55.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

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-244,444 JPYsq.m
(7.75890410958904190.0sq.m)
163,158 JPYsq.m
(15.26164383561643895.0sq.m)
Kuwana235,423 JPYsq.m
(17.26506849315068674.0sq.m)
204,385 JPYsq.m
(19.433789954337973.3sq.m)
250,000 JPYsq.m
(11.25890410958904187.5sq.m)
Masuo---
Iseasahi---
Kawagoetomisuhara240,000 JPYsq.m
(18.76712328767123275.0sq.m)
-135,714 JPYsq.m
(20.76712328767123270.0sq.m)
Kinntetsutomida307,692 JPYsq.m
(7.75890410958904165.0sq.m)
-312,500 JPYsq.m
(5.75616438356164480.0sq.m)
Kasumigaura---
Akuragawa245,588 JPYsq.m
(16.26438356164383682.5sq.m)
125,000 JPYsq.m
(26.7726027397260380.0sq.m)
181,538 JPYsq.m
(20.01575342465753667.5sq.m)
Kawaramachi294,118 JPYsq.m
(9.75890410958904185.0sq.m)
--
Kinntetsuyokkaichi293,260 JPYsq.m
(16.20882800608828271.7sq.m)
259,459 JPYsq.m
(14.46356164383561672.0sq.m)
199,778 JPYsq.m
(18.16383561643835571.0sq.m)
Shinnshou---
Nagonoura---
Mida---
Isewakamatsu---
Chiyozaki---
Shiroko144,204 JPYsq.m
(19.56602739726027571.7sq.m)
163,572 JPYsq.m
(24.10410958904109470.0sq.m)
124,762 JPYsq.m
(24.4347031963470368.3sq.m)
Tsuzumigaura---
Isoyama-80,000 JPYsq.m
(28.7726027397260355.0sq.m)
-
Tsu335,714 JPYsq.m
(16.26438356164383670.0sq.m)
318,319 JPYsq.m
(10.9610958904109675.0sq.m)
273,611 JPYsq.m
(12.2602739726027468.8sq.m)
Tsushinnmachi119,107 JPYsq.m
(32.27534246575342555.0sq.m)
269,173 JPYsq.m
(10.76164383561643882.5sq.m)
200,000 JPYsq.m
(17.26301369863013680.0sq.m)
Minamigaoka285,948 JPYsq.m
(18.26575342465753687.5sq.m)
255,882 JPYsq.m
(17.26575342465753677.5sq.m)
280,000 JPYsq.m
(15.76164383561643875.0sq.m)
Hisai--207,240 JPYsq.m
(22.26712328767123275.0sq.m)
Momozono---
Isenakagawa-262,500 JPYsq.m
(7.75890410958904180.0sq.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

Akuragawa245,588 JPY/sq.m (+96% compared with the previous year)

The average price of Akuragawa Apartment was 245,588 JPY/sq.m. The market value represents an increase of 120,588 JPY (+96.5%) 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 16.3 years old (a -39.2% decrease compared to the 26.8 years old of last year.). The average size of the real estate was 82.5 sq.m (a +3.1% increase compared to the 80.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 26.8 years old in 2016 and 16.3 years old in 2017; -39.2%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2016 and 50.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.0 min in 2016 and 6.0 min in 2017; +20.0%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 100.0% of total transactions in 2016 and 50.0% of total transactions in 2017)

Kuwana235,423 JPY/sq.m (+15% compared with the previous year)

The average price of Kuwana Apartment was 235,423 JPY/sq.m. The market value represents an increase of 31,038 JPY (+15.2%) 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 age of the real estate was 17.3 years old (a -11.2% decrease compared to the 19.4 years old of last year.). The average size of the real estate was 74.0 sq.m (a +0.9% increase compared to the 73.3 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 19.4 years old in 2016 and 17.3 years old in 2017; -11.2%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 16.7% of total transactions in 2016 and 20.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2016 and 50.0% of total transactions in 2017)

Tsushinnmachi119,107 JPY/sq.m (-56% compared with the previous year)

The average price of Tsushinnmachi Apartment was 119,107 JPY/sq.m. The market value represents a decrease of 150,066 JPY (-55.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 32.3 years old (a +199.9% increase compared to the 10.8 years old of last year.). The average size of the real estate was 55.0 sq.m (a -33.3% decrease compared to the 82.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 10.8 years old in 2016 and 32.3 years old in 2017; +199.9%)
  • A dramatic increase in average distance from the station (representing 4.5 min in 2016 and 6.5 min in 2017; +44.4%)

Shiroko144,204 JPY/sq.m (-12% compared with the previous year)

The average price of Shiroko Apartment was 144,204 JPY/sq.m. The market value represents a decrease of 19,367 JPY (-11.8%) compared to 1 year ago and a transition to a weak market. 6 properties exchanged hands ( The market value represents an increase of 2 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.6 years old (a -18.8% decrease compared to the 24.1 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

  • An decrease in average age of the building (representing 24.1 years old in 2016 and 19.6 years old in 2017; -18.8%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2016 and 40.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 17.8 min in 2016 and 23.3 min in 2017; +31.5%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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