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, 2020 to Sep, 2020 was 229,695 JPY/sq.m. The market value represents an increase of 8,311 JPY (+3.8%) compared to 1 year ago and a transition to a some market. 48 properties exchanged hands ( The market value represents a decrease of 61 (-56.0%) 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 -3.1% decrease compared to the 21.7 years old of last year.). The average size of the real estate was 74.3 sq.m (a +0.3% increase compared to the 74.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old, as well as a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

4 stations have experienced increased prices; 8 stations have experienced decreased prices. Market value of most stations decreased. Masuo, Kawagoetomisuhara station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Masuo station, where prices have increased +63.8% compared to last year; a sq.m unit now costs 327,678 JPY/sq.m.

The top 2 stations has seen prices increase +42.9% (+88,502 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -31.8% (-59,503 JPY/sq.m).

Cause of price increases

  • An decrease in transactions involving relatively old buildings under 40 years old (representing 56.7% of total transactions in 2019 and 48.8% of total transactions in 2020)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 3.8% of total transactions in 2019 and 4.7% 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 9.2% of total transactions in 2019 and 6.2% of total transactions in 2020)
  • A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 21.1% of total transactions in 2019 and 20.8% of total transactions in 2020)

Apartment stations market overview

The average price of Masuo Apartment, the highest market value along this railway was 327,678 JPY/sq.m. The market value represents an increase of 127,678 JPY (+63.8%) 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 price of Kinntetsunagashima Apartment, the lowest market value along this railway was 117,647 JPY/sq.m. The market value represents a decrease of 50,774 JPY (-30.1%) 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.).

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)
168,421 JPYsq.m
(19.38904109589041395.0sq.m)
-
Kuwana193,960 JPYsq.m
(26.08287671232876577.1sq.m)
250,144 JPYsq.m
(22.27808219178082273.4sq.m)
288,006 JPYsq.m
(16.671980074719872.5sq.m)
Masuo327,678 JPYsq.m
(10.88630136986301475.0sq.m)
200,000 JPYsq.m
(12.76164383561643865.0sq.m)
245,551 JPYsq.m
(13.34429223744292378.3sq.m)
Iseasahi--66,667 JPYsq.m
(10.00547945205479545.0sq.m)
Kawagoetomisuhara274,126 JPYsq.m
(23.89589041095890660.0sq.m)
224,800 JPYsq.m
(18.13835616438356379.2sq.m)
243,344 JPYsq.m
(22.95547945205479660.0sq.m)
Kinntetsutomida187,500 JPYsq.m
(15.26301369863013880.0sq.m)
200,000 JPYsq.m
(29.01917808219178270.0sq.m)
208,532 JPYsq.m
(20.84840182648401875.0sq.m)
Kasumigaura-113,470 JPYsq.m
(27.68675799086757656.7sq.m)
-
Akuragawa-149,973 JPYsq.m
(26.8525114155251170.0sq.m)
136,048 JPYsq.m
(24.0175342465753471.0sq.m)
Kawaramachi143,334 JPYsq.m
(32.0219178082191872.5sq.m)
145,922 JPYsq.m
(24.76712328767123270.0sq.m)
185,714 JPYsq.m
(16.51506849315068670.0sq.m)
Kinntetsuyokkaichi300,169 JPYsq.m
(18.91534246575342672.3sq.m)
258,338 JPYsq.m
(23.04191780821917571.2sq.m)
254,227 JPYsq.m
(19.4214041095890472.9sq.m)
Shinnshou-142,857 JPYsq.m
(29.7726027397260370.0sq.m)
225,000 JPYsq.m
(20.51780821917808280.0sq.m)
Nagonoura-47,059 JPYsq.m
(27.7698630136986385.0sq.m)
101,333 JPYsq.m
(26.26849315068493275.0sq.m)
Mida---
Isewakamatsu---
Chiyozaki--146,667 JPYsq.m
(27.52328767123287575.0sq.m)
Shiroko147,876 JPYsq.m
(25.95684931506849270.8sq.m)
152,871 JPYsq.m
(20.0831880448318894.3sq.m)
160,428 JPYsq.m
(22.0582191780821972.7sq.m)
Tsuzumigaura---
Isoyama-52,727 JPYsq.m
(31.52328767123287555.0sq.m)
-
Tsu261,458 JPYsq.m
(15.727984344422776.4sq.m)
287,311 JPYsq.m
(15.83326810176125277.1sq.m)
252,166 JPYsq.m
(15.61643835616438472.1sq.m)
Tsushinnmachi135,714 JPYsq.m
(31.27397260273972570.0sq.m)
203,946 JPYsq.m
(23.33894324853229252.9sq.m)
217,716 JPYsq.m
(20.59969558599695575.0sq.m)
Minamigaoka238,393 JPYsq.m
(12.51232876712328875.0sq.m)
300,000 JPYsq.m
(19.76438356164383670.0sq.m)
262,867 JPYsq.m
(14.00958904109589181.4sq.m)
Hisai270,588 JPYsq.m
(14.51506849315068485.0sq.m)
269,805 JPYsq.m
(21.8502283105022856.7sq.m)
185,910 JPYsq.m
(21.26666666666666673.3sq.m)
Momozono---
Isenakagawa-346,667 JPYsq.m
(12.76164383561643875.0sq.m)
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

Masuo327,678 JPY/sq.m (+64% compared with the previous year)

The average price of Masuo Apartment was 327,678 JPY/sq.m. The market value represents an increase of 127,678 JPY (+63.8%) 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 10.9 years old (a -14.7% decrease compared to the 12.8 years old of last year.). The average size of the real estate was 75.0 sq.m (a +15.4% increase compared to the 65.0 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 12.8 years old in 2019 and 10.9 years old in 2020; -14.7%)
  • A dramatic decrease in average distance from the station (representing 15.0 min in 2019 and 5.0 min in 2020; -66.7%)

Kawagoetomisuhara274,126 JPY/sq.m (+22% compared with the previous year)

The average price of Kawagoetomisuhara Apartment was 274,126 JPY/sq.m. The market value represents an increase of 49,326 JPY (+21.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 23.9 years old (a +31.7% increase compared to the 18.1 years old of last year.). The average size of the real estate was 60.0 sq.m (a -24.2% decrease compared to the 79.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 10.2 min in 2019 and 4.0 min in 2020; -60.7%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 16.7% 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 18.1 years old in 2019 and 23.9 years old in 2020; +31.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2019 and 100.0% of total transactions in 2020)

Tsushinnmachi135,714 JPY/sq.m (-33% compared with the previous year)

The average price of Tsushinnmachi Apartment was 135,714 JPY/sq.m. The market value represents a decrease of 68,232 JPY (-33.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 6 (-85.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 31.3 years old (a +34.0% increase compared to the 23.3 years old of last year.). The average size of the real estate was 70.0 sq.m (a +32.4% increase compared to the 52.9 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 23.3 years old in 2019 and 31.3 years old in 2020; +34.0%)
  • A dramatic increase in average distance from the station (representing 5.3 min in 2019 and 10.0 min in 2020; +89.2%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 57.1% of total transactions in 2019 and 100.0% of total transactions in 2020)

Kinntetsunagashima117,647 JPY/sq.m (-30% compared with the previous year)

The average price of Kinntetsunagashima Apartment was 117,647 JPY/sq.m. The market value represents a decrease of 50,774 JPY (-30.1%) 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 11.3 years old (a -41.9% decrease compared to the 19.4 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 19.4 years old in 2019 and 11.3 years old in 2020; -41.9%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.0 min in 2019 and 8.0 min in 2020; +33.3%)

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)