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, 2019 to Dec, 2019 was 218,154 JPY/sq.m. The market value represents a decrease of 47,467 JPY (-17.9%) compared to 1 year ago and a transition to a weak market. 34 properties exchanged hands ( The market value represents an increase of 17 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.0 years old (a +17.3% increase compared to the 17.9 years old of last year.). The average size of the real estate was 81.5 sq.m (a +9.1% increase compared to the 74.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an decrease in transactions involving size for a general family households less than 100 sq.m.

3 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 20% compared to last year. The most dramatic price increase was at Shiroko station, where prices have increased +58.0% compared to last year; a sq.m unit now costs 151,710 JPY/sq.m.

The top 2 stations has seen prices increase +35.7% (+42,140 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -40.8% (-134,122 JPY/sq.m).

Cause of price increases

  • An increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 23.5% of total transactions in 2018 and 26.5% of total transactions in 2019)

Causes of price decreases

  • An increase in average age of the building (representing 17.9 years old in 2018 and 21.0 years old in 2019; +17.3%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 43.8% of total transactions in 2018 and 50.0% of total transactions in 2019)

Apartment stations market overview

The average price of Kinntetsuyokkaichi Apartment, the highest market value along this railway was 284,655 JPY/sq.m. The market value represents an increase of 27,040 JPY (+10.5%) compared to 1 year ago and a transition to a bull market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Tsu Apartment, the lowest market value along this railway was 133,333 JPY/sq.m. The market value represents a decrease of 173,334 JPY (-56.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

Kintetsu Nagoya Line (Stations Apartment market overview)
Kintetsu Nagoya LineThis year(2019)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kinntetsunagashima---
Kuwana282,210 JPYsq.m
(18.63938356164383676.2sq.m)
377,119 JPYsq.m
(9.75890410958904175.0sq.m)
235,423 JPYsq.m
(17.26506849315068674.0sq.m)
Masuo200,000 JPYsq.m
(12.76164383561643865.0sq.m)
258,824 JPYsq.m
(11.76164383561643885.0sq.m)
-
Iseasahi---
Kawagoetomisuhara242,857 JPYsq.m
(11.75890410958904170.0sq.m)
214,286 JPYsq.m
(20.76712328767123270.0sq.m)
240,000 JPYsq.m
(18.76712328767123275.0sq.m)
Kinntetsutomida--307,692 JPYsq.m
(7.75890410958904165.0sq.m)
Kasumigaura84,000 JPYsq.m
(26.7698630136986375.0sq.m)
--
Akuragawa162,452 JPYsq.m
(27.1031963470319672.5sq.m)
-245,588 JPYsq.m
(16.26438356164383682.5sq.m)
Kawaramachi270,588 JPYsq.m
(11.75890410958904185.0sq.m)
-294,118 JPYsq.m
(9.75890410958904185.0sq.m)
Kinntetsuyokkaichi284,655 JPYsq.m
(23.36821917808219272.0sq.m)
257,616 JPYsq.m
(19.01575342465753676.2sq.m)
293,260 JPYsq.m
(16.20882800608828271.7sq.m)
Shinnshou142,857 JPYsq.m
(29.7726027397260370.0sq.m)
--
Nagonoura47,059 JPYsq.m
(27.7698630136986385.0sq.m)
--
Mida---
Isewakamatsu---
Chiyozaki---
Shiroko151,710 JPYsq.m
(19.931963470319637117sq.m)
96,000 JPYsq.m
(29.7726027397260375.0sq.m)
144,204 JPYsq.m
(19.56602739726027571.7sq.m)
Tsuzumigaura---
Isoyama---
Tsu133,333 JPYsq.m
(28.7726027397260360.0sq.m)
306,667 JPYsq.m
(12.76164383561643875.0sq.m)
335,714 JPYsq.m
(16.26438356164383670.0sq.m)
Tsushinnmachi-180,930 JPYsq.m
(24.01917808219178271.2sq.m)
119,107 JPYsq.m
(32.27534246575342555.0sq.m)
Minamigaoka300,000 JPYsq.m
(19.76438356164383670.0sq.m)
-285,948 JPYsq.m
(18.26575342465753687.5sq.m)
Hisai257,143 JPYsq.m
(22.76712328767123235.0sq.m)
--
Momozono---
Isenakagawa346,667 JPYsq.m
(12.76164383561643875.0sq.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

Shiroko151,710 JPY/sq.m (+58% compared with the previous year)

The average price of Shiroko Apartment was 151,710 JPY/sq.m. The market value represents an increase of 55,710 JPY (+58.0%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 6 (+600.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.9 years old (a -33.1% decrease compared to the 29.8 years old of last year.). The average size of the real estate was 117.1 sq.m (a +56.2% 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 29.8 years old in 2018 and 19.9 years old in 2019; -33.1%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2018 and 33.3% of total transactions in 2019)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.0 min in 2018 and 16.6 min in 2019; +136.7%)

Kawagoetomisuhara242,857 JPY/sq.m (+13% compared with the previous year)

The average price of Kawagoetomisuhara Apartment was 242,857 JPY/sq.m. The market value represents an increase of 28,571 JPY (+13.3%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 11.8 years old (a -43.4% decrease compared to the 20.8 years old of last year.). The average size of the real estate was 70.0 sq.m (a +0.0% decrease compared to the 70.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 20.8 years old in 2018 and 11.8 years old in 2019; -43.4%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 2.0 min in 2018 and 9.0 min in 2019; +350.0%)

Tsu133,333 JPY/sq.m (-57% compared with the previous year)

The average price of Tsu Apartment was 133,333 JPY/sq.m. The market value represents a decrease of 173,334 JPY (-56.5%) 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 28.8 years old (a +125.5% increase compared to the 12.8 years old of last year.). The average size of the real estate was 60.0 sq.m (a -20.0% decrease compared to the 75.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 12.8 years old in 2018 and 28.8 years old in 2019; +125.5%)
  • A dramatic increase in average distance from the station (representing 7.0 min in 2018 and 10.0 min in 2019; +42.9%)

Kuwana282,210 JPY/sq.m (-25% compared with the previous year)

The average price of Kuwana Apartment was 282,210 JPY/sq.m. The market value represents a decrease of 94,909 JPY (-25.2%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 3 (+60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 18.6 years old (a +91.0% increase compared to the 9.8 years old of last year.). The average size of the real estate was 76.2 sq.m (a +1.7% increase compared to the 75.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 9.8 years old in 2018 and 18.6 years old in 2019; +91.0%)
  • A dramatic increase in average distance from the station (representing 5.2 min in 2018 and 10.1 min in 2019; +94.7%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 60.0% of total transactions in 2018 and 25.0% of total transactions in 2019)

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)