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, 2022 to Mar, 2022 was 322,420 JPY/sq.m. The market value represents an increase of 37,604 JPY (+13.2%) compared to 1 year ago and a transition to a bull market. 11 properties exchanged hands ( The market value represents a decrease of 10 (-47.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 22.0 years old (a +16.1% increase compared to the 19.0 years old of last year.). The average size of the real estate was 72.7 sq.m (a -7.4% decrease compared to the 78.6 sq.m of last year.).

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

0 stations have experienced increased prices; 3 stations have experienced decreased prices. The market value decreased in all stations. Hisai station has seen a price decrease of over 20% compared to last year. The most dramatic price increase was at Kuwana station, where prices have decreased -17.5% compared to last year; a sq.m unit now costs 238,462 JPY/sq.m.

The top 1 stations has seen prices increase -4.1% (-11,189 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -17.5% (-50,511 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 13.3 min in 2021 and 7.3 min in 2022; -45.5%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 4.8% of total transactions in 2021 and 18.2% of total transactions in 2022)

Causes of price decreases

  • An increase in average age of the building (representing 19.0 years old in 2021 and 22.0 years old in 2022; +16.1%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 19.0% of total transactions in 2021 and 9.1% of total transactions in 2022)

Apartment stations market overview

The average price of Kinntetsuyokkaichi Apartment, the highest market value along this railway was 380,465 JPY/sq.m. The market value represents a decrease of 40,812 JPY (-9.7%) compared to 1 year ago and a transition to a bear 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 Kuwana Apartment, the lowest market value along this railway was 238,462 JPY/sq.m. The market value represents a decrease of 50,511 JPY (-17.5%) compared to 1 year ago and a transition to a weak 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 (Stations Apartment market overview)
Kintetsu Nagoya LineThis year(2022)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kinntetsunagashima---
Kuwana238,462 JPYsq.m
(35.5232876712328865.0sq.m)
288,973 JPYsq.m
(19.68127853881278778.3sq.m)
182,751 JPYsq.m
(26.218630136986384.0sq.m)
Masuo-169,231 JPYsq.m
(14.0109589041095965.0sq.m)
-
Iseasahi---
Kawagoetomisuhara---
Kinntetsutomida299,584 JPYsq.m
(18.51232876712328677.5sq.m)
--
Kasumigaura---
Akuragawa-158,333 JPYsq.m
(31.0219178082191860.0sq.m)
-
Kawaramachi--143,334 JPYsq.m
(32.0219178082191872.5sq.m)
Kinntetsuyokkaichi380,465 JPYsq.m
(19.4131506849315175.0sq.m)
421,277 JPYsq.m
(15.5109589041095985.8sq.m)
290,229 JPYsq.m
(19.76438356164383671.2sq.m)
Shinnshou---
Nagonoura-93,333 JPYsq.m
(29.01917808219178275.0sq.m)
-
Mida---
Isewakamatsu---
Chiyozaki---
Shiroko-182,749 JPYsq.m
(17.6785388127853988.3sq.m)
87,326 JPYsq.m
(30.0205479452054868.3sq.m)
Tsuzumigaura---
Isoyama---
Tsu-268,938 JPYsq.m
(19.01369863013698676.0sq.m)
333,333 JPYsq.m
(8.00547945205479560.0sq.m)
Tsushinnmachi306,667 JPYsq.m
(12.00821917808219175.0sq.m)
--
Minamigaoka---
Hisai261,538 JPYsq.m
(25.01643835616438265.0sq.m)
272,727 JPYsq.m
(24.01643835616438255.0sq.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

Hisai261,538 JPY/sq.m (-4% compared with the previous year)

The average price of Hisai Apartment was 261,538 JPY/sq.m. The market value represents a decrease of 11,189 JPY (-4.1%) compared to 1 year ago and a transition to a some market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 25.0 years old (a +4.2% increase compared to the 24.0 years old of last year.). The average size of the real estate was 65.0 sq.m (a +18.2% increase compared to the 55.0 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 2021 and 100.0% of total transactions in 2022)

Causes of price decreases

  • A slight 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 2021 and 100.0% of total transactions in 2022)

Kuwana238,462 JPY/sq.m (-17% compared with the previous year)

The average price of Kuwana Apartment was 238,462 JPY/sq.m. The market value represents a decrease of 50,511 JPY (-17.5%) compared to 1 year ago and a transition to a weak 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 35.5 years old (a +80.5% increase compared to the 19.7 years old of last year.). The average size of the real estate was 65.0 sq.m (a -17.0% decrease compared to the 78.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 15.0 min in 2021 and 10.5 min in 2022; -30.0%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 19.7 years old in 2021 and 35.5 years old in 2022; +80.5%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2021 and 100.0% of total transactions in 2022)

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.