Kintetsu Nagoya Line railway market report

Kintetsu Nagoya Line Apartment market overview

The average price of Kintetsu Nagoya Line (Kinntetsunagashima to Isenakagawa) Apartment, in Jul, 2020 to Sep, 2020 was 257,778 JPY/sq.m. The market value represents an increase of 41,875 JPY (+19.4%) compared to 1 year ago and a transition to a bull market. 23 properties exchanged hands ( The market value represents a decrease of 7 (-23.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.7 years old (a -10.8% decrease compared to the 22.1 years old of last year.). The average size of the real estate was 73.3 sq.m (a +8.8% increase compared to the 67.3 sq.m of last year.).

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

3 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Kinntetsuyokkaichi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kinntetsuyokkaichi station, where prices have increased +58.7% compared to last year; a sq.m unit now costs 397,059 JPY/sq.m.

The top 2 stations has seen prices increase +37.0% (+89,157 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -30.7% (-67,352 JPY/sq.m).

Cause of price increases

  • An decrease in average age of the building (representing 22.1 years old in 2019 and 19.7 years old in 2020; -10.8%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 6.7% of total transactions in 2019 and 17.4% of total transactions in 2020)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 23.3% of total transactions in 2019 and 13.0% of total transactions in 2020)

Apartment stations market overview

The average price of Kinntetsuyokkaichi Apartment, the highest market value along this railway was 397,059 JPY/sq.m. The market value represents an increase of 146,841 JPY (+58.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Akuragawa Apartment, the lowest market value along this railway was 91,250 JPY/sq.m. The market value represents a decrease of 50,417 JPY (-35.6%) 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(2020)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kinntetsunagashima-157,895 JPYsq.m
(19.51506849315068695.0sq.m)
-
Kuwana237,630 JPYsq.m
(23.23483365949119472.9sq.m)
257,564 JPYsq.m
(22.51780821917808273.1sq.m)
-
Masuo213,942 JPYsq.m
(25.5219178082191872.5sq.m)
--
Iseasahi---
Kawagoetomisuhara163,636 JPYsq.m
(25.52328767123287555.0sq.m)
149,334 JPYsq.m
(20.01643835616438272.5sq.m)
381,818 JPYsq.m
(25.5205479452054855.0sq.m)
Kinntetsutomida400,000 JPYsq.m
(6.5095890410958970.0sq.m)
-137,500 JPYsq.m
(28.52328767123287580.0sq.m)
Kasumigaura---
Akuragawa91,250 JPYsq.m
(28.52328767123287580.0sq.m)
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)
Kinntetsuyokkaichi397,059 JPYsq.m
(17.8502283105022868.3sq.m)
250,217 JPYsq.m
(19.3161643835616473.0sq.m)
261,694 JPYsq.m
(18.5168949771689571.2sq.m)
Shinnshou--225,000 JPYsq.m
(20.51780821917808280.0sq.m)
Nagonoura---
Mida---
Isewakamatsu---
Chiyozaki--146,667 JPYsq.m
(27.52328767123287575.0sq.m)
Shiroko235,714 JPYsq.m
(11.51232876712328877.5sq.m)
204,242 JPYsq.m
(20.01643835616438265.0sq.m)
207,143 JPYsq.m
(24.01917808219178275.0sq.m)
Tsuzumigaura---
Isoyama-52,727 JPYsq.m
(31.52328767123287555.0sq.m)
-
Tsu278,676 JPYsq.m
(12.01232876712328882.5sq.m)
287,850 JPYsq.m
(14.51232876712328874.0sq.m)
269,940 JPYsq.m
(14.26301369863013870.0sq.m)
Tsushinnmachi-84,881 JPYsq.m
(33.5260273972602740.0sq.m)
226,666 JPYsq.m
(16.51506849315068670.0sq.m)
Minamigaoka238,393 JPYsq.m
(12.51232876712328875.0sq.m)
-256,250 JPYsq.m
(10.50958904109589175.0sq.m)
Hisai242,986 JPYsq.m
(19.01780821917808275.0sq.m)
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)

*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

Kinntetsuyokkaichi397,059 JPY/sq.m (+59% compared with the previous year)

The average price of Kinntetsuyokkaichi Apartment was 397,059 JPY/sq.m. The market value represents an increase of 146,841 JPY (+58.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.9 years old (a -7.6% decrease compared to the 19.3 years old of last year.). The average size of the real estate was 68.3 sq.m (a -6.4% decrease compared to the 73.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 9.0 min in 2019 and 7.7 min in 2020; -14.8%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 20.0% of total transactions in 2019 and 33.3% of total transactions in 2020)

Shiroko235,714 JPY/sq.m (+15% compared with the previous year)

The average price of Shiroko Apartment was 235,714 JPY/sq.m. The market value represents an increase of 31,472 JPY (+15.4%) compared to 1 year ago and a transition to a bull market. 2 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 11.5 years old (a -42.5% decrease compared to the 20.0 years old of last year.). The average size of the real estate was 77.5 sq.m (a +19.2% increase compared to the 65.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 20.0 years old in 2019 and 11.5 years old in 2020; -42.5%)
  • A dramatic decrease in average distance from the station (representing 26.0 min in 2019 and 20.5 min in 2020; -21.2%)

Akuragawa91,250 JPY/sq.m (-36% compared with the previous year)

The average price of Akuragawa Apartment was 91,250 JPY/sq.m. The market value represents a decrease of 50,417 JPY (-35.6%) 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 28.5 years old (a +7.6% increase compared to the 26.5 years old of last year.). The average size of the real estate was 80.0 sq.m (a +33.3% increase compared to the 60.0 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 2019 and 100.0% of total transactions in 2020)

Causes of price decreases

  • An increase in average distance from the station (representing 9.0 min in 2019 and 10.0 min in 2020; +11.1%)

Hisai242,986 JPY/sq.m (-26% compared with the previous year)

The average price of Hisai Apartment was 242,986 JPY/sq.m. The market value represents a decrease of 84,286 JPY (-25.8%) 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 19.0 years old (a -11.6% decrease compared to the 21.5 years old of last year.). The average size of the real estate was 75.0 sq.m (a +36.4% increase compared to the 55.0 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 21.5 years old in 2019 and 19.0 years old in 2020; -11.6%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2019 and 50.0% 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 100.0% of total transactions in 2019 and 50.0% of total transactions in 2020)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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Corporate Profile

Company Name Utinokati
Utinokati Real estate media providing price quotes and price trends for condominiums, homes, land and rental properties in 250,000 locations nationwide, along more than 20,000 train lines and stations, as well as rent quotes and rent trends.
Totinokati Real estate media providing public land prices, roadside land prices (inheritance tax assessed values), and property tax assessed values for 10,000 areas and station areas nationwide, based on the Ministry of Land, Infrastructure, Transport and Tourism's public notice of land prices.
Location Kudanminami 1-5-6, Chiyoda-ku, Tokyo, Japan
Foundation November, 2014
Mission Our mission is to use past real estate transaction data to visualize real estate pricing across Japan and offer that information to users in a convenient fashion.