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, 2021 to Sep, 2021 was 231,278 JPY/sq.m. The market value represents a decrease of 26,500 JPY (-10.3%) compared to 1 year ago and a transition to a weak market. 25 properties exchanged hands ( The market value represents an increase of 2 (+8.7%) compared to 1 year ago and a transition to a strong market.).

The average age of the real estate was 21.4 years old (a +8.8% increase compared to the 19.7 years old of last year.). The average size of the real estate was 73.6 sq.m (a +0.5% increase compared to the 73.3 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 recently constructed buildings under 6 years old.

4 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 +30.1% compared to last year; a sq.m unit now costs 306,667 JPY/sq.m.

The top 2 stations has seen prices increase +23.0% (+54,515 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -33.8% (-134,716 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 10.1 min in 2020 and 8.7 min in 2021; -14.3%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 13.0% of total transactions in 2020 and 28.0% of total transactions in 2021)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 4.8% of total transactions in 2020 and 12.5% of total transactions in 2021)

Causes of price decreases

  • An increase in transactions involving relatively old buildings under 40 years old (representing 47.6% of total transactions in 2020 and 54.2% of total transactions in 2021)
  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 17.4% of total transactions in 2020 and 12.0% of total transactions in 2021)

Apartment stations market overview

The average price of Kinntetsutomida Apartment, the highest market value along this railway was 310,294 JPY/sq.m. The market value represents a decrease of 89,706 JPY (-22.4%) 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 Kawagoetomisuhara Apartment, the lowest market value along this railway was 135,385 JPY/sq.m. The market value represents a decrease of 28,251 JPY (-17.3%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands (It was the same as last year.).

Kintetsu Nagoya Line (Stations Apartment market overview)
Kintetsu Nagoya LineThis year(2021)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kinntetsunagashima--157,895 JPYsq.m
(19.51506849315068695.0sq.m)
Kuwana271,357 JPYsq.m
(22.94833659491193678.6sq.m)
237,630 JPYsq.m
(23.23483365949119472.9sq.m)
257,564 JPYsq.m
(22.51780821917808273.1sq.m)
Masuo-213,942 JPYsq.m
(25.5219178082191872.5sq.m)
-
Iseasahi---
Kawagoetomisuhara135,385 JPYsq.m
(0.065.0sq.m)
163,636 JPYsq.m
(25.52328767123287555.0sq.m)
149,334 JPYsq.m
(20.01643835616438272.5sq.m)
Kinntetsutomida310,294 JPYsq.m
(17.51643835616438282.5sq.m)
400,000 JPYsq.m
(6.5095890410958970.0sq.m)
-
Kasumigaura---
Akuragawa-91,250 JPYsq.m
(28.52328767123287580.0sq.m)
141,667 JPYsq.m
(26.5205479452054860.0sq.m)
Kawaramachi---
Kinntetsuyokkaichi217,334 JPYsq.m
(16.51506849315068676.2sq.m)
397,059 JPYsq.m
(17.8502283105022868.3sq.m)
250,217 JPYsq.m
(19.3161643835616473.0sq.m)
Shinnshou---
Nagonoura---
Mida61,538 JPYsq.m
(30.52602739726027565.0sq.m)
--
Isewakamatsu---
Chiyozaki---
Shiroko306,667 JPYsq.m
(4.50684931506849375.0sq.m)
235,714 JPYsq.m
(11.51232876712328877.5sq.m)
204,242 JPYsq.m
(20.01643835616438265.0sq.m)
Tsuzumigaura---
Isoyama--52,727 JPYsq.m
(31.52328767123287555.0sq.m)
Tsu298,214 JPYsq.m
(20.01780821917808275.0sq.m)
278,676 JPYsq.m
(12.01232876712328882.5sq.m)
287,850 JPYsq.m
(14.51232876712328874.0sq.m)
Tsushinnmachi11,334 JPYsq.m
(39.5315068493150740.0sq.m)
-84,881 JPYsq.m
(33.5260273972602740.0sq.m)
Minamigaoka276,471 JPYsq.m
(22.5205479452054885.0sq.m)
238,393 JPYsq.m
(12.51232876712328875.0sq.m)
-
Hisai-242,986 JPYsq.m
(19.01780821917808275.0sq.m)
327,273 JPYsq.m
(21.51780821917808255.0sq.m)
Momozono---
Isenakagawa327,678 JPYsq.m
(11.51232876712328875.0sq.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

Shiroko306,667 JPY/sq.m (+30% compared with the previous year)

The average price of Shiroko Apartment was 306,667 JPY/sq.m. The market value represents an increase of 70,952 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 4.5 years old (a -60.9% decrease compared to the 11.5 years old of last year.). The average size of the real estate was 75.0 sq.m (a -3.2% decrease compared to the 77.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 11.5 years old in 2020 and 4.5 years old in 2021; -60.9%)
  • A dramatic decrease in average distance from the station (representing 20.5 min in 2020 and 14.0 min in 2021; -31.7%)

Minamigaoka276,471 JPY/sq.m (+16% compared with the previous year)

The average price of Minamigaoka Apartment was 276,471 JPY/sq.m. The market value represents an increase of 38,078 JPY (+16.0%) 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 22.5 years old (a +80.0% increase compared to the 12.5 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 4.5 min in 2020 and 3.0 min in 2021; -33.3%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 12.5 years old in 2020 and 22.5 years old in 2021; +80.0%)

Kinntetsuyokkaichi217,334 JPY/sq.m (-45% compared with the previous year)

The average price of Kinntetsuyokkaichi Apartment was 217,334 JPY/sq.m. The market value represents a decrease of 179,725 JPY (-45.3%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 1 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.5 years old (a -7.5% decrease compared to the 17.9 years old of last year.). The average size of the real estate was 76.2 sq.m (a +11.6% increase compared to the 68.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2020 and 25.0% of total transactions in 2021)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.7 min in 2020 and 13.8 min in 2021; +79.3%)
  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 33.3% of total transactions in 2020 and 25.0% of total transactions in 2021)

Kinntetsutomida310,294 JPY/sq.m (-22% compared with the previous year)

The average price of Kinntetsutomida Apartment was 310,294 JPY/sq.m. The market value represents a decrease of 89,706 JPY (-22.4%) 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 17.5 years old (a +169.1% increase compared to the 6.5 years old of last year.). The average size of the real estate was 82.5 sq.m (a +17.9% increase compared to the 70.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 6.5 years old in 2020 and 17.5 years old in 2021; +169.1%)
  • A dramatic increase in average distance from the station (representing 9.0 min in 2020 and 11.5 min in 2021; +27.8%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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