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, 2018 to Jun, 2018 was 194,069 JPY/sq.m. The market value represents a decrease of 106 JPY (-0.1%) compared to 1 year ago and a transition to a slight market. 28 properties exchanged hands ( The market value represents an increase of 9 (+47.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.4 years old (a +8.1% increase compared to the 19.8 years old of last year.). The average size of the real estate was 74.3 sq.m (a +12.5% increase compared to the 66.1 sq.m of last year.).

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

4 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Shiroko station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Tsushinnmachi station, where prices have increased +188.5% compared to last year; a sq.m unit now costs 384,615 JPY/sq.m.

The top 2 stations has seen prices increase +160.2% (+202,602 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -18.4% (-41,206 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 5.3% of total transactions in 2017 and 10.7% of total transactions in 2018)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2017 and 67.9% of total transactions in 2018)

Apartment stations market overview

The average price of Tsushinnmachi Apartment, the highest market value along this railway was 384,615 JPY/sq.m. The market value represents an increase of 251,282 JPY (+188.5%) 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 Kuwana Apartment, the lowest market value along this railway was 154,755 JPY/sq.m. The market value represents a decrease of 59,849 JPY (-27.9%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 2 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

Kintetsu Nagoya Line (Stations Apartment market overview)
Kintetsu Nagoya LineThis year(2018)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kinntetsunagashima---
Kuwana154,755 JPYsq.m
(24.26849315068493272.0sq.m)
214,603 JPYsq.m
(19.26575342465753671.7sq.m)
307,451 JPYsq.m
(4.25479452054794681.7sq.m)
Masuo230,769 JPYsq.m
(11.2602739726027465.0sq.m)
253,333 JPYsq.m
(10.2602739726027475.0sq.m)
333,333 JPYsq.m
(9.2602739726027475.0sq.m)
Iseasahi---
Kawagoetomisuhara188,636 JPYsq.m
(22.76712328767123257.5sq.m)
-200,000 JPYsq.m
(8.25753424657534370.0sq.m)
Kinntetsutomida-375,000 JPYsq.m
(7.25753424657534280.0sq.m)
77,143 JPYsq.m
(26.2712328767123370.0sq.m)
Kasumigaura---
Akuragawa142,572 JPYsq.m
(27.2698630136986372.5sq.m)
--
Kawaramachi-300,000 JPYsq.m
(9.25753424657534370.0sq.m)
211,765 JPYsq.m
(8.25753424657534385.0sq.m)
Kinntetsuyokkaichi182,028 JPYsq.m
(24.51849315068493268.8sq.m)
177,709 JPYsq.m
(26.06958904109588864.0sq.m)
-
Shinnshou--178,947 JPYsq.m
(18.26575342465753695.0sq.m)
Nagonoura101,333 JPYsq.m
(26.26849315068493275.0sq.m)
--
Mida---
Isewakamatsu---
Chiyozaki---
Shiroko163,810 JPYsq.m
(21.98082191780821872.9sq.m)
146,594 JPYsq.m
(0.067.5sq.m)
158,095 JPYsq.m
(20.26621004566210370.0sq.m)
Tsuzumigaura-67,273 JPYsq.m
(0.055.0sq.m)
20,000 JPYsq.m
(28.2712328767123355.0sq.m)
Isoyama---
Tsu321,428 JPYsq.m
(16.26301369863013672.5sq.m)
325,000 JPYsq.m
(5.25479452054794680.0sq.m)
269,173 JPYsq.m
(12.26164383561643882.5sq.m)
Tsushinnmachi384,615 JPYsq.m
(8.257534246575343130sq.m)
133,333 JPYsq.m
(35.27671232876712530.0sq.m)
341,176 JPYsq.m
(8.25753424657534385.0sq.m)
Minamigaoka246,405 JPYsq.m
(14.2602739726027487.5sq.m)
--
Hisai270,588 JPYsq.m
(20.26575342465753685.0sq.m)
116,667 JPYsq.m
(22.26849315068493260.0sq.m)
130,769 JPYsq.m
(21.26849315068493265.0sq.m)
Momozono---
Isenakagawa---

*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

Tsushinnmachi384,615 JPY/sq.m (+188% compared with the previous year)

The average price of Tsushinnmachi Apartment was 384,615 JPY/sq.m. The market value represents an increase of 251,282 JPY (+188.5%) 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 8.3 years old (a -76.6% decrease compared to the 35.3 years old of last year.). The average size of the real estate was 130.0 sq.m (a +333.3% increase compared to the 30.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 35.3 years old in 2017 and 8.3 years old in 2018; -76.6%)
  • A dramatic decrease in average distance from the station (representing 3.0 min in 2017 and 2.0 min in 2018; -33.3%)

Hisai270,588 JPY/sq.m (+132% compared with the previous year)

The average price of Hisai Apartment was 270,588 JPY/sq.m. The market value represents an increase of 153,921 JPY (+131.9%) 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 20.3 years old (a -9.0% decrease compared to the 22.3 years old of last year.). The average size of the real estate was 85.0 sq.m (a +41.7% increase compared to the 60.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 16.0 min in 2017 and 1.0 min in 2018; -93.8%)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2017 and 100.0% of total transactions in 2018)

Kuwana154,755 JPY/sq.m (-28% compared with the previous year)

The average price of Kuwana Apartment was 154,755 JPY/sq.m. The market value represents a decrease of 59,849 JPY (-27.9%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 2 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 24.3 years old (a +26.0% increase compared to the 19.3 years old of last year.). The average size of the real estate was 72.0 sq.m (a +0.5% increase compared to the 71.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 19.3 years old in 2017 and 24.3 years old in 2018; +26.0%)
  • An increase in average distance from the station (representing 10.3 min in 2017 and 11.6 min in 2018; +12.3%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2017 and 100.0% of total transactions in 2018)

Masuo230,769 JPY/sq.m (-9% compared with the previous year)

The average price of Masuo Apartment was 230,769 JPY/sq.m. The market value represents a decrease of 22,564 JPY (-8.9%) compared to 1 year ago and a transition to a bear market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 11.3 years old (a +9.7% increase compared to the 10.3 years old of last year.). The average size of the real estate was 65.0 sq.m (a -13.3% decrease compared to the 75.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.0 min in 2017 and 14.0 min in 2018; +180.0%)

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)