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, 2017 to Dec, 2017 was 225,491 JPY/sq.m. The market value represents an increase of 14,653 JPY (+6.9%) compared to 1 year ago and a transition to a strong market. 101 properties exchanged hands ( The market value represents a decrease of 13 (-11.4%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 18.6 years old (a +3.0% increase compared to the 18.0 years old of last year.). The average size of the real estate was 71.5 sq.m (a -1.4% decrease compared to the 72.5 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, as well as a dramatic increase in transactions involving recently constructed buildings under 6 years old.

8 stations have experienced increased prices; 8 stations have experienced decreased prices. Market value of most stations decreased. Tsuzumigaura 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 +159.7% compared to last year; a sq.m unit now costs 341,346 JPY/sq.m.

The top 2 stations has seen prices increase +141.9% (+172,931 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -63.3% (-155,032 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 1.9% of total transactions in 2016 and 4.3% of total transactions in 2017)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 6.1% of total transactions in 2016 and 7.9% of total transactions in 2017)

Causes of price decreases

  • A some increase in transactions involving relatively old buildings under 40 years old (representing 41.5% of total transactions in 2016 and 44.6% of total transactions in 2017)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 0.9% of total transactions in 2016 and 2.2% of total transactions in 2017)

Apartment stations market overview

The average price of Kinntetsutomida Apartment, the highest market value along this railway was 341,346 JPY/sq.m. The market value represents an increase of 209,918 JPY (+159.7%) 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 price of Kinntetsunagashima Apartment, the lowest market value along this railway was 45,000 JPY/sq.m. The market value represents a decrease of 199,444 JPY (-81.6%) 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.).

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.)
Kinntetsunagashima45,000 JPYsq.m
(26.01917808219178280.0sq.m)
244,444 JPYsq.m
(7.75890410958904190.0sq.m)
164,912 JPYsq.m
(15.34520547945205595.0sq.m)
Kuwana216,080 JPYsq.m
(19.94278807413376274.5sq.m)
214,430 JPYsq.m
(19.81284246575342375.0sq.m)
213,994 JPYsq.m
(17.24320337197049574.6sq.m)
Masuo253,333 JPYsq.m
(10.2602739726027475.0sq.m)
291,666 JPYsq.m
(9.38630136986301477.5sq.m)
235,294 JPYsq.m
(8.25753424657534385.0sq.m)
Iseasahi-60,741 JPYsq.m
(24.26849315068493245.0sq.m)
42,222 JPYsq.m
(23.01369863013698645.0sq.m)
Kawagoetomisuhara220,000 JPYsq.m
(18.3904109589041175.0sq.m)
186,667 JPYsq.m
(15.63926940639269271.7sq.m)
126,190 JPYsq.m
(19.68127853881278770.0sq.m)
Kinntetsutomida341,346 JPYsq.m
(7.50821917808219272.5sq.m)
131,428 JPYsq.m
(26.39726027397260270.0sq.m)
269,232 JPYsq.m
(8.70630136986301583.0sq.m)
Kasumigaura180,000 JPYsq.m
(25.01780821917808245.0sq.m)
--
Akuragawa245,588 JPYsq.m
(16.26438356164383682.5sq.m)
109,643 JPYsq.m
(25.39452054794520675.0sq.m)
206,850 JPYsq.m
(16.83483365949119265.7sq.m)
Kawaramachi213,145 JPYsq.m
(19.51575342465753671.2sq.m)
180,366 JPYsq.m
(16.93059360730593776.7sq.m)
209,468 JPYsq.m
(20.8493150684931576.7sq.m)
Kinntetsuyokkaichi263,238 JPYsq.m
(18.28268101761252570.9sq.m)
235,540 JPYsq.m
(18.51575342465753670.5sq.m)
234,486 JPYsq.m
(16.31361804995970772.0sq.m)
Shinnshou-178,947 JPYsq.m
(18.26575342465753695.0sq.m)
-
Nagonoura72,000 JPYsq.m
(25.5205479452054875.0sq.m)
--
Mida---
Isewakamatsu---
Chiyozaki---
Shiroko160,444 JPYsq.m
(17.90763209393346570.4sq.m)
139,965 JPYsq.m
(22.3219178082191869.0sq.m)
175,969 JPYsq.m
(16.0697576396206578.2sq.m)
Tsuzumigaura67,273 JPYsq.m
(0.055.0sq.m)
44,091 JPYsq.m
(28.14520547945205655.0sq.m)
-
Isoyama61,818 JPYsq.m
(29.52328767123287555.0sq.m)
80,000 JPYsq.m
(28.7726027397260355.0sq.m)
-
Tsu301,605 JPYsq.m
(12.0728310502283175.4sq.m)
306,422 JPYsq.m
(11.95753424657534276.0sq.m)
295,569 JPYsq.m
(10.79196347031963576.3sq.m)
Tsushinnmachi134,855 JPYsq.m
(30.48219178082191857.5sq.m)
245,475 JPYsq.m
(15.62739726027397376.2sq.m)
195,312 JPYsq.m
(16.82534246575342685.0sq.m)
Minamigaoka263,562 JPYsq.m
(17.8904109589041186.2sq.m)
270,588 JPYsq.m
(17.26575342465753685.0sq.m)
216,814 JPYsq.m
(15.67808219178082277.5sq.m)
Hisai116,667 JPYsq.m
(22.26849315068493260.0sq.m)
177,884 JPYsq.m
(15.63835616438356172.5sq.m)
225,660 JPYsq.m
(21.01643835616438276.7sq.m)
Momozono---
Isenakagawa287,500 JPYsq.m
(8.50958904109589180.0sq.m)
293,750 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

Kinntetsutomida341,346 JPY/sq.m (+160% compared with the previous year)

The average price of Kinntetsutomida Apartment was 341,346 JPY/sq.m. The market value represents an increase of 209,918 JPY (+159.7%) 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 7.5 years old (a -71.6% decrease compared to the 26.4 years old of last year.). The average size of the real estate was 72.5 sq.m (a +3.6% 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 26.4 years old in 2016 and 7.5 years old in 2017; -71.6%)
  • A dramatic decrease in average distance from the station (representing 13.0 min in 2016 and 3.0 min in 2017; -76.9%)

Akuragawa245,588 JPY/sq.m (+124% compared with the previous year)

The average price of Akuragawa Apartment was 245,588 JPY/sq.m. The market value represents an increase of 135,945 JPY (+124.0%) 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 16.3 years old (a -36.0% decrease compared to the 25.4 years old of last year.). The average size of the real estate was 82.5 sq.m (a +10.0% increase compared to the 75.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 25.4 years old in 2016 and 16.3 years old in 2017; -36.0%)
  • A dramatic decrease in average distance from the station (representing 7.5 min in 2016 and 6.0 min in 2017; -20.0%)
  • 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 slight decrease 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 50.0% of total transactions in 2017)

Kinntetsunagashima45,000 JPY/sq.m (-82% compared with the previous year)

The average price of Kinntetsunagashima Apartment was 45,000 JPY/sq.m. The market value represents a decrease of 199,444 JPY (-81.6%) 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 age of the real estate was 26.0 years old (a +235.3% increase compared to the 7.8 years old of last year.). The average size of the real estate was 80.0 sq.m (a -11.1% decrease compared to the 90.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 9.0 min in 2016 and 8.0 min in 2017; -11.1%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 7.8 years old in 2016 and 26.0 years old in 2017; +235.3%)

Tsushinnmachi134,855 JPY/sq.m (-45% compared with the previous year)

The average price of Tsushinnmachi Apartment was 134,855 JPY/sq.m. The market value represents a decrease of 110,620 JPY (-45.1%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 6 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 30.5 years old (a +95.1% increase compared to the 15.6 years old of last year.). The average size of the real estate was 57.5 sq.m (a -24.6% decrease compared to the 76.2 sq.m of last year.).

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 33.3% of total transactions in 2016 and 50.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 15.6 years old in 2016 and 30.5 years old in 2017; +95.1%)
  • A dramatic increase in average distance from the station (representing 6.5 min in 2016 and 9.7 min in 2017; +48.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 27.3% of total transactions in 2016 and 100.0% of total transactions in 2017)

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)