Kintetsu Nagoya Line railway market report
- Type: Apartment
- Line: Kintetsu Nagoya Line
Kinntetsunagashima Isenakagawa [33 stations] - Period: 2019 - 3Q
Jul, 2019 Sep, 2019
Kintetsu Nagoya Line Apartment market overview
The average price of Kintetsu Nagoya Line (Kinntetsunagashima to Isenakagawa) Apartment, in Jul, 2019 to Sep, 2019 was 215,903 JPY/sq.m. The market value represents a decrease of 15,735 JPY (-6.8%) compared to 1 year ago and a transition to a bear market. 30 properties exchanged hands ( The market value represents an increase of 8 (+36.4%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 22.1 years old (a +14.9% increase compared to the 19.2 years old of last year.). The average size of the real estate was 67.3 sq.m (a -6.2% decrease compared to the 71.8 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.
3 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Hisai 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 +243.4% compared to last year; a sq.m unit now costs 141,667 JPY/sq.m.
The top 2 stations has seen prices increase +153.5% (+113,845 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -61.7% (-187,135 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 4.5% of total transactions in 2018 and 23.3% of total transactions in 2019)
Causes of price decreases
- An increase in average age of the building (representing 19.2 years old in 2018 and 22.1 years old in 2019; +14.9%)
- A some increase in transactions involving relatively old buildings under 40 years old (representing 55.0% of total transactions in 2018 and 60.0% of total transactions in 2019)
Apartment stations market overview
The average price of Hisai Apartment, the highest market value along this railway was 327,273 JPY/sq.m. The market value represents an increase of 127,273 JPY (+63.6%) 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 Tsushinnmachi Apartment, the lowest market value along this railway was 84,881 JPY/sq.m. The market value represents a decrease of 141,786 JPY (-62.6%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).
| Kintetsu Nagoya Line | This year(2019) (Avg.Age,Dim.) | 1 year ago (Avg.Age,Dim.) | 2 years ago (Avg.Age,Dim.) |
|---|---|---|---|
| Kinntetsunagashima | 157,895 JPYsq.m (19.51506849315068695.0sq.m) | - | - |
| Kuwana | 257,564 JPYsq.m (22.51780821917808273.1sq.m) | - | 234,353 JPYsq.m (19.01780821917808275.0sq.m) |
| Masuo | - | - | - |
| Iseasahi | - | - | - |
| Kawagoetomisuhara | 149,334 JPYsq.m (20.01643835616438272.5sq.m) | 381,818 JPYsq.m (25.5205479452054855.0sq.m) | - |
| Kinntetsutomida | - | 137,500 JPYsq.m (28.52328767123287580.0sq.m) | - |
| Kasumigaura | - | - | - |
| Akuragawa | 141,667 JPYsq.m (26.5205479452054860.0sq.m) | 41,250 JPYsq.m (26.5205479452054880.0sq.m) | - |
| Kawaramachi | - | 185,714 JPYsq.m (16.51506849315068670.0sq.m) | 129,231 JPYsq.m (29.52328767123287565.0sq.m) |
| Kinntetsuyokkaichi | 250,217 JPYsq.m (19.3161643835616473.0sq.m) | 261,694 JPYsq.m (18.5168949771689571.2sq.m) | 258,365 JPYsq.m (18.80234833659491472.9sq.m) |
| Shinnshou | - | 225,000 JPYsq.m (20.51780821917808280.0sq.m) | - |
| Nagonoura | - | - | 72,000 JPYsq.m (25.5205479452054875.0sq.m) |
| Mida | - | - | - |
| Isewakamatsu | - | - | - |
| Chiyozaki | - | 146,667 JPYsq.m (27.52328767123287575.0sq.m) | - |
| Shiroko | 204,242 JPYsq.m (20.01643835616438265.0sq.m) | 207,143 JPYsq.m (24.01917808219178275.0sq.m) | 200,000 JPYsq.m (16.51506849315068675.0sq.m) |
| Tsuzumigaura | - | - | - |
| Isoyama | 52,727 JPYsq.m (31.52328767123287555.0sq.m) | - | 61,818 JPYsq.m (29.52328767123287555.0sq.m) |
| Tsu | 287,850 JPYsq.m (14.51232876712328874.0sq.m) | 269,940 JPYsq.m (14.26301369863013870.0sq.m) | 266,667 JPYsq.m (14.76369863013698675.0sq.m) |
| Tsushinnmachi | 84,881 JPYsq.m (33.5260273972602740.0sq.m) | 226,666 JPYsq.m (16.51506849315068670.0sq.m) | 95,714 JPYsq.m (27.52328767123287570.0sq.m) |
| Minamigaoka | - | 256,250 JPYsq.m (10.50958904109589175.0sq.m) | 241,176 JPYsq.m (17.51506849315068685.0sq.m) |
| Hisai | 327,273 JPYsq.m (21.51780821917808255.0sq.m) | 200,000 JPYsq.m (20.51780821917808265.0sq.m) | - |
| Momozono | - | - | - |
| Isenakagawa | - | 271,429 JPYsq.m (14.51232876712328870.0sq.m) | 287,500 JPYsq.m (8.50958904109589180.0sq.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
Akuragawa 141,667 JPY/sq.m (+243% compared with the previous year)
The average price of Akuragawa Apartment was 141,667 JPY/sq.m. The market value represents an increase of 100,417 JPY (+243.4%) 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 26.5 years old (a +0.0% decrease compared to the 26.5 years old of last year.). The average size of the real estate was 60.0 sq.m (a -25.0% decrease compared to the 80.0 sq.m of last year.).
Cause of price increases
- A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2018 and 100.0% of total transactions in 2019)
Hisai 327,273 JPY/sq.m (+64% compared with the previous year)
The average price of Hisai Apartment was 327,273 JPY/sq.m. The market value represents an increase of 127,273 JPY (+63.6%) 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 21.5 years old (a +4.9% increase compared to the 20.5 years old of last year.). The average size of the real estate was 55.0 sq.m (a -15.4% decrease compared to the 65.0 sq.m of last year.).
Cause of price increases
- A dramatic decrease in average distance from the station (representing 1.0 min in 2018 and 0.0 min in 2019; -100.0%)
- A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2018 and 100.0% of total transactions in 2019)
Causes of price decreases
- A slight decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 100.0% of total transactions in 2018 and 100.0% of total transactions in 2019)
Tsushinnmachi 84,881 JPY/sq.m (-63% compared with the previous year)
The average price of Tsushinnmachi Apartment was 84,881 JPY/sq.m. The market value represents a decrease of 141,786 JPY (-62.6%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 33.5 years old (a +103.0% increase compared to the 16.5 years old of last year.). The average size of the real estate was 40.0 sq.m (a -42.9% decrease compared to the 70.0 sq.m of last year.).
Cause of price increases
- A dramatic decrease in average distance from the station (representing 12.5 min in 2018 and 7.0 min in 2019; -44.0%)
Causes of price decreases
- A dramatic increase in average age of the building (representing 16.5 years old in 2018 and 33.5 years old in 2019; +103.0%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2018 and 100.0% of total transactions in 2019)
Kawagoetomisuhara 149,334 JPY/sq.m (-61% compared with the previous year)
The average price of Kawagoetomisuhara Apartment was 149,334 JPY/sq.m. The market value represents a decrease of 232,484 JPY (-60.9%) 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 20.0 years old (a -21.6% decrease compared to the 25.5 years old of last year.). The average size of the real estate was 72.5 sq.m (a +31.8% increase compared to the 55.0 sq.m of last year.).
Cause of price increases
- A dramatic decrease in average age of the building (representing 25.5 years old in 2018 and 20.0 years old in 2019; -21.6%)
- A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2018 and 50.0% of total transactions in 2019)
Causes of price decreases
- A dramatic increase in average distance from the station (representing 8.0 min in 2018 and 14.0 min in 2019; +75.0%)
Breakdown of each segment
Station: Segment:
