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, 2019 to Dec, 2019 was 221,383 JPY/sq.m. The market value represents a decrease of 4,780 JPY (-2.1%) compared to 1 year ago and a transition to a slight market. 109 properties exchanged hands ( The market value represents an increase of 15 (+16.0%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 21.7 years old (a +14.0% increase compared to the 19.0 years old of last year.). The average size of the real estate was 74.1 sq.m (a +1.6% increase compared to the 72.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m, as well as a dramatic increase in transactions involving recently constructed buildings under 6 years old.

6 stations have experienced increased prices; 9 stations have experienced decreased prices. Market value of most stations decreased. Hisai, Isenakagawa station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Hisai station, where prices have increased +45.1% compared to last year; a sq.m unit now costs 269,805 JPY/sq.m.

The top 2 stations has seen prices increase +36.4% (+79,566 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -45.0% (-68,208 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 1.1% of total transactions in 2018 and 3.8% of total transactions in 2019)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 16.0% of total transactions in 2018 and 21.1% of total transactions in 2019)

Causes of price decreases

  • An increase in average age of the building (representing 19.0 years old in 2018 and 21.7 years old in 2019; +14.0%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2018 and 56.7% of total transactions in 2019)
  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 12.8% of total transactions in 2018 and 9.2% of total transactions in 2019)

Apartment stations market overview

The average price of Isenakagawa Apartment, the highest market value along this railway was 346,667 JPY/sq.m. The market value represents an increase of 75,238 JPY (+27.7%) 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 Nagonoura Apartment, the lowest market value along this railway was 47,059 JPY/sq.m. The market value represents a decrease of 54,274 JPY (-53.6%) 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.)
Kinntetsunagashima168,421 JPYsq.m
(19.38904109589041395.0sq.m)
-45,000 JPYsq.m
(26.01917808219178280.0sq.m)
Kuwana250,144 JPYsq.m
(22.27808219178082273.4sq.m)
288,006 JPYsq.m
(16.671980074719872.5sq.m)
216,080 JPYsq.m
(19.94278807413376274.5sq.m)
Masuo200,000 JPYsq.m
(12.76164383561643865.0sq.m)
245,551 JPYsq.m
(13.34429223744292378.3sq.m)
253,333 JPYsq.m
(10.2602739726027475.0sq.m)
Iseasahi-66,667 JPYsq.m
(10.00547945205479545.0sq.m)
-
Kawagoetomisuhara224,800 JPYsq.m
(18.13835616438356379.2sq.m)
243,344 JPYsq.m
(22.95547945205479660.0sq.m)
220,000 JPYsq.m
(18.3904109589041175.0sq.m)
Kinntetsutomida200,000 JPYsq.m
(29.01917808219178270.0sq.m)
208,532 JPYsq.m
(20.84840182648401875.0sq.m)
341,346 JPYsq.m
(7.50821917808219272.5sq.m)
Kasumigaura113,470 JPYsq.m
(27.68675799086757656.7sq.m)
-180,000 JPYsq.m
(25.01780821917808245.0sq.m)
Akuragawa149,973 JPYsq.m
(26.8525114155251170.0sq.m)
136,048 JPYsq.m
(24.0175342465753471.0sq.m)
245,588 JPYsq.m
(16.26438356164383682.5sq.m)
Kawaramachi145,922 JPYsq.m
(24.76712328767123270.0sq.m)
185,714 JPYsq.m
(16.51506849315068670.0sq.m)
213,145 JPYsq.m
(19.51575342465753671.2sq.m)
Kinntetsuyokkaichi258,338 JPYsq.m
(23.04191780821917571.2sq.m)
254,227 JPYsq.m
(19.4214041095890472.9sq.m)
263,238 JPYsq.m
(18.28268101761252570.9sq.m)
Shinnshou142,857 JPYsq.m
(29.7726027397260370.0sq.m)
225,000 JPYsq.m
(20.51780821917808280.0sq.m)
-
Nagonoura47,059 JPYsq.m
(27.7698630136986385.0sq.m)
101,333 JPYsq.m
(26.26849315068493275.0sq.m)
72,000 JPYsq.m
(25.5205479452054875.0sq.m)
Mida---
Isewakamatsu---
Chiyozaki-146,667 JPYsq.m
(27.52328767123287575.0sq.m)
-
Shiroko152,871 JPYsq.m
(20.0831880448318894.3sq.m)
160,428 JPYsq.m
(22.0582191780821972.7sq.m)
160,444 JPYsq.m
(17.90763209393346570.4sq.m)
Tsuzumigaura--67,273 JPYsq.m
(0.055.0sq.m)
Isoyama52,727 JPYsq.m
(31.52328767123287555.0sq.m)
-61,818 JPYsq.m
(29.52328767123287555.0sq.m)
Tsu287,311 JPYsq.m
(15.83326810176125277.1sq.m)
252,166 JPYsq.m
(15.61643835616438472.1sq.m)
301,605 JPYsq.m
(12.0728310502283175.4sq.m)
Tsushinnmachi203,946 JPYsq.m
(23.33894324853229252.9sq.m)
217,716 JPYsq.m
(20.59969558599695575.0sq.m)
134,855 JPYsq.m
(30.48219178082191857.5sq.m)
Minamigaoka300,000 JPYsq.m
(19.76438356164383670.0sq.m)
262,867 JPYsq.m
(14.00958904109589181.4sq.m)
263,562 JPYsq.m
(17.8904109589041186.2sq.m)
Hisai269,805 JPYsq.m
(21.8502283105022856.7sq.m)
185,910 JPYsq.m
(21.26666666666666673.3sq.m)
116,667 JPYsq.m
(22.26849315068493260.0sq.m)
Momozono---
Isenakagawa346,667 JPYsq.m
(12.76164383561643875.0sq.m)
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

Hisai269,805 JPY/sq.m (+45% compared with the previous year)

The average price of Hisai Apartment was 269,805 JPY/sq.m. The market value represents an increase of 83,895 JPY (+45.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 21.9 years old (a +2.7% increase compared to the 21.3 years old of last year.). The average size of the real estate was 56.7 sq.m (a -22.7% decrease compared to the 73.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 5.7 min in 2018 and 0.3 min in 2019; -94.1%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 66.7% of total transactions in 2018 and 100.0% of total transactions in 2019)

Isenakagawa346,667 JPY/sq.m (+28% compared with the previous year)

The average price of Isenakagawa Apartment was 346,667 JPY/sq.m. The market value represents an increase of 75,238 JPY (+27.7%) 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 12.8 years old (a -12.1% decrease compared to the 14.5 years old of last year.). The average size of the real estate was 75.0 sq.m (a +7.1% increase compared to the 70.0 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 14.5 years old in 2018 and 12.8 years old in 2019; -12.1%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 1.0 min in 2018 and 5.0 min in 2019; +400.0%)

Nagonoura47,059 JPY/sq.m (-54% compared with the previous year)

The average price of Nagonoura Apartment was 47,059 JPY/sq.m. The market value represents a decrease of 54,274 JPY (-53.6%) 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 27.8 years old (a +5.7% increase compared to the 26.3 years old of last year.). The average size of the real estate was 85.0 sq.m (a +13.3% increase compared to the 75.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 6.0 min in 2018 and 4.0 min in 2019; -33.3%)
  • 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)

Shinnshou142,857 JPY/sq.m (-37% compared with the previous year)

The average price of Shinnshou Apartment was 142,857 JPY/sq.m. The market value represents a decrease of 82,143 JPY (-36.5%) 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 29.8 years old (a +45.1% increase compared to the 20.5 years old of last year.). The average size of the real estate was 70.0 sq.m (a -12.5% decrease compared to the 80.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 6.0 min in 2018 and 5.0 min in 2019; -16.7%)
  • 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 dramatic increase in average age of the building (representing 20.5 years old in 2018 and 29.8 years old in 2019; +45.1%)

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)