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, 2020 to Jun, 2020 was 239,246 JPY/sq.m. The market value represents an increase of 12,748 JPY (+5.6%) compared to 1 year ago and a transition to a strong market. 18 properties exchanged hands ( The market value represents a decrease of 5 (-21.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.5 years old (a -2.0% decrease compared to the 21.9 years old of last year.). The average size of the real estate was 74.4 sq.m (a -0.5% decrease compared to the 74.8 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, as well as a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

2 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Kuwana, 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 +53.1% compared to last year; a sq.m unit now costs 153,846 JPY/sq.m.

The top 2 stations has seen prices increase +38.6% (+46,483 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -47.7% (-137,793 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 9.1 min in 2019 and 8.0 min in 2020; -12.0%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 17.4% of total transactions in 2019 and 33.3% of total transactions in 2020)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 4.8% of total transactions in 2019 and 5.9% of total transactions in 2020)

Causes of price decreases

  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 13.0% of total transactions in 2019 and 5.6% of total transactions in 2020)
  • A slight increase in transactions involving relatively old buildings under 40 years old (representing 52.4% of total transactions in 2019 and 52.9% of total transactions in 2020)

Apartment stations market overview

The average price of Kinntetsuyokkaichi Apartment, the highest market value along this railway was 266,621 JPY/sq.m. The market value represents a decrease of 36,564 JPY (-12.1%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents a decrease of 1 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average price of Kinntetsunagashima Apartment, the lowest market value along this railway was 117,647 JPY/sq.m. The market value represents a decrease of 61,300 JPY (-34.3%) 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(2020)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kinntetsunagashima117,647 JPYsq.m
(11.2602739726027485.0sq.m)
178,947 JPYsq.m
(19.26301369863013695.0sq.m)
-
Kuwana203,875 JPYsq.m
(28.27214611872146276.7sq.m)
164,274 JPYsq.m
(27.27031963470319670.0sq.m)
154,755 JPYsq.m
(24.26849315068493272.0sq.m)
Masuo442,857 JPYsq.m
(3.25479452054794570.0sq.m)
-230,769 JPYsq.m
(11.2602739726027465.0sq.m)
Iseasahi---
Kawagoetomisuhara384,615 JPYsq.m
(22.26849315068493265.0sq.m)
-188,636 JPYsq.m
(22.76712328767123257.5sq.m)
Kinntetsutomida187,500 JPYsq.m
(15.26301369863013880.0sq.m)
--
Kasumigaura-123,077 JPYsq.m
(28.2712328767123365.0sq.m)
-
Akuragawa-108,333 JPYsq.m
(26.26849315068493260.0sq.m)
142,572 JPYsq.m
(27.2698630136986372.5sq.m)
Kawaramachi-83,590 JPYsq.m
(31.2712328767123362.5sq.m)
-
Kinntetsuyokkaichi266,621 JPYsq.m
(21.76780821917808273.0sq.m)
303,185 JPYsq.m
(21.06520547945205475.0sq.m)
182,028 JPYsq.m
(24.51849315068493268.8sq.m)
Shinnshou---
Nagonoura--101,333 JPYsq.m
(26.26849315068493275.0sq.m)
Mida---
Isewakamatsu---
Chiyozaki---
Shiroko153,846 JPYsq.m
(32.27397260273972565.0sq.m)
100,481 JPYsq.m
(21.26575342465753672.5sq.m)
163,810 JPYsq.m
(21.98082191780821872.9sq.m)
Tsuzumigaura---
Isoyama---
Tsu234,879 JPYsq.m
(19.51643835616438277.5sq.m)
308,804 JPYsq.m
(17.06246575342465782.0sq.m)
321,428 JPYsq.m
(16.26301369863013672.5sq.m)
Tsushinnmachi135,714 JPYsq.m
(31.27397260273972570.0sq.m)
350,000 JPYsq.m
(9.25753424657534380.0sq.m)
384,615 JPYsq.m
(8.257534246575343130sq.m)
Minamigaoka--246,405 JPYsq.m
(14.2602739726027487.5sq.m)
Hisai-225,000 JPYsq.m
(21.26575342465753680.0sq.m)
270,588 JPYsq.m
(20.26575342465753685.0sq.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

Shiroko153,846 JPY/sq.m (+53% compared with the previous year)

The average price of Shiroko Apartment was 153,846 JPY/sq.m. The market value represents an increase of 53,365 JPY (+53.1%) 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 32.3 years old (a +51.8% increase compared to the 21.3 years old of last year.). The average size of the real estate was 65.0 sq.m (a -10.3% decrease compared to the 72.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 18.0 min in 2019 and 5.0 min in 2020; -72.2%)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2019 and 100.0% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 21.3 years old in 2019 and 32.3 years old in 2020; +51.8%)

Kuwana203,875 JPY/sq.m (+24% compared with the previous year)

The average price of Kuwana Apartment was 203,875 JPY/sq.m. The market value represents an increase of 39,601 JPY (+24.1%) 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 28.3 years old (a +3.7% increase compared to the 27.3 years old of last year.). The average size of the real estate was 76.7 sq.m (a +9.5% increase compared to the 70.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 9.0 min in 2019 and 3.3 min in 2020; -63.0%)
  • 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 2019 and 66.7% of total transactions in 2020)

Tsushinnmachi135,714 JPY/sq.m (-61% compared with the previous year)

The average price of Tsushinnmachi Apartment was 135,714 JPY/sq.m. The market value represents a decrease of 214,286 JPY (-61.2%) 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 31.3 years old (a +237.8% increase compared to the 9.3 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.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 9.3 years old in 2019 and 31.3 years old in 2020; +237.8%)
  • A dramatic increase in average distance from the station (representing 2.0 min in 2019 and 10.0 min in 2020; +400.0%)

Kinntetsunagashima117,647 JPY/sq.m (-34% compared with the previous year)

The average price of Kinntetsunagashima Apartment was 117,647 JPY/sq.m. The market value represents a decrease of 61,300 JPY (-34.3%) 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 11.3 years old (a -41.5% decrease compared to the 19.3 years old of last year.). The average size of the real estate was 85.0 sq.m (a -10.5% decrease compared to the 95.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 19.3 years old in 2019 and 11.3 years old in 2020; -41.5%)

Causes of price decreases

  • An increase in average distance from the station (representing 7.0 min in 2019 and 8.0 min in 2020; +14.3%)

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)