Kintetsu Nagoya Line railway market report
- Type: Apartment
- Line: Kintetsu Nagoya Line
Kinntetsunagashima Isenakagawa [33 stations] - Period: 2021 - 4Q
Oct, 2021 Dec, 2021
Kintetsu Nagoya Line Apartment market overview
The average price of Kintetsu Nagoya Line (Kinntetsunagashima to Isenakagawa) Apartment, in Oct, 2021 to Dec, 2021 was 227,624 JPY/sq.m. The market value represents a decrease of 26,067 JPY (-10.3%) compared to 1 year ago and a transition to a weak market. 21 properties exchanged hands ( The market value represents a decrease of 3 (-12.5%) compared to 1 year ago and a transition to a weak market.).
The average age of the real estate was 24.2 years old (a +31.0% increase compared to the 18.5 years old of last year.). The average size of the real estate was 76.4 sq.m (a -10.3% decrease compared to the 85.2 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.
3 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Tsu 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 +642.7% compared to last year; a sq.m unit now costs 188,692 JPY/sq.m.
The top 1 stations has seen prices increase +642.7% (+163,287 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -46.5% (-101,475 JPY/sq.m).
Cause of price increases
- An increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 12.5% of total transactions in 2020 and 14.3% of total transactions in 2021)
Causes of price decreases
- A dramatic increase in average age of the building (representing 18.5 years old in 2020 and 24.2 years old in 2021; +31.0%)
- A dramatic increase in average distance from the station (representing 9.9 min in 2020 and 12.3 min in 2021; +24.4%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 36.4% of total transactions in 2020 and 55.0% of total transactions in 2021)
Apartment stations market overview
The average price of Tsu Apartment, the highest market value along this railway was 295,238 JPY/sq.m. The market value represents an increase of 57,189 JPY (+24.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).
The average price of Tsushinnmachi Apartment, the lowest market value along this railway was 116,666 JPY/sq.m. The market value represents a decrease of 101,475 JPY (-46.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).
| Kintetsu Nagoya Line | This year(2021) (Avg.Age,Dim.) | 1 year ago (Avg.Age,Dim.) | 2 years ago (Avg.Age,Dim.) |
|---|---|---|---|
| Kinntetsunagashima | - | - | - |
| Kuwana | 270,853 JPYsq.m (17.932420091324284.2sq.m) | 247,253 JPYsq.m (23.16931506849314881.0sq.m) | 282,210 JPYsq.m (18.63938356164383676.2sq.m) |
| Masuo | - | - | 200,000 JPYsq.m (12.76164383561643865.0sq.m) |
| Iseasahi | - | - | - |
| Kawagoetomisuhara | - | 172,528 JPYsq.m (21.43561643835616366.7sq.m) | 242,857 JPYsq.m (11.75890410958904170.0sq.m) |
| Kinntetsutomida | - | 342,857 JPYsq.m (6.75890410958904180.0sq.m) | - |
| Kasumigaura | - | - | 84,000 JPYsq.m (26.7698630136986375.0sq.m) |
| Akuragawa | - | - | 162,452 JPYsq.m (27.1031963470319672.5sq.m) |
| Kawaramachi | - | - | 270,588 JPYsq.m (11.75890410958904185.0sq.m) |
| Kinntetsuyokkaichi | 207,966 JPYsq.m (27.37205479452054777.5sq.m) | 338,340 JPYsq.m (13.42968036529680271.7sq.m) | 284,655 JPYsq.m (23.36821917808219272.0sq.m) |
| Shinnshou | 292,308 JPYsq.m (31.77534246575342565.0sq.m) | - | 142,857 JPYsq.m (29.7726027397260370.0sq.m) |
| Nagonoura | - | - | 47,059 JPYsq.m (27.7698630136986385.0sq.m) |
| Mida | - | - | - |
| Isewakamatsu | - | - | - |
| Chiyozaki | - | - | - |
| Shiroko | 188,692 JPYsq.m (20.0995433789954383.3sq.m) | 25,405 JPYsq.m (0.0370sq.m) | 151,710 JPYsq.m (19.931963470319637117sq.m) |
| Tsuzumigaura | - | - | - |
| Isoyama | - | - | - |
| Tsu | 295,238 JPYsq.m (21.76849315068493280.0sq.m) | 238,049 JPYsq.m (15.0977168949771771.7sq.m) | 133,333 JPYsq.m (28.7726027397260360.0sq.m) |
| Tsushinnmachi | 116,666 JPYsq.m (39.7808219178082240.0sq.m) | 218,142 JPYsq.m (27.10593607305935761.7sq.m) | - |
| Minamigaoka | - | 225,000 JPYsq.m (12.76164383561643880.0sq.m) | 300,000 JPYsq.m (19.76438356164383670.0sq.m) |
| Hisai | 225,000 JPYsq.m (24.7698630136986380.0sq.m) | - | 257,143 JPYsq.m (22.76712328767123235.0sq.m) |
| Momozono | - | - | - |
| Isenakagawa | - | - | 346,667 JPYsq.m (12.76164383561643875.0sq.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
Shiroko 188,692 JPY/sq.m (+643% compared with the previous year)
The average price of Shiroko Apartment was 188,692 JPY/sq.m. The market value represents an increase of 163,287 JPY (+642.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).
The average size of the real estate was 83.3 sq.m (a -77.5% decrease compared to the 370.0 sq.m of last year.).
Tsushinnmachi 116,666 JPY/sq.m (-47% compared with the previous year)
The average price of Tsushinnmachi Apartment was 116,666 JPY/sq.m. The market value represents a decrease of 101,475 JPY (-46.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 39.8 years old (a +46.8% increase compared to the 27.1 years old of last year.). The average size of the real estate was 40.0 sq.m (a -35.1% decrease compared to the 61.7 sq.m of last year.).
Cause of price increases
- A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 66.7% of total transactions in 2020 and 100.0% of total transactions in 2021)
Causes of price decreases
- A dramatic increase in average age of the building (representing 27.1 years old in 2020 and 39.8 years old in 2021; +46.8%)
- A dramatic increase in average distance from the station (representing 3.0 min in 2020 and 4.0 min in 2021; +33.3%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2020 and 100.0% of total transactions in 2021)
Breakdown of each segment
Station: Segment:
