Kintetsu Suzuka Line railway market report

Kintetsu Suzuka Line Apartment market overview

The average price of Kintetsu Suzuka Line (Isewakamatsu to Hiratachou) Apartment, in Jan, 2018 to Mar, 2018 was 170,000 JPY/sq.m. The market value represents a decrease of 14,615 JPY (-7.9%) compared to 1 year ago and a transition to a bear 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 -9.5% decrease compared to the 21.0 years old of last year.). The average size of the real estate was 72.5 sq.m (a +11.5% increase compared to the 65.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving relatively old buildings under 40 years old.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -45.8% (-84,615 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -45.8% (-84,615 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2017 and 50.0% of total transactions in 2018)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.0 min in 2017 and 8.5 min in 2018; +21.4%)

Apartment stations market overview

The average price of Mikkaichi Apartment, the highest market value along this railway was 100,000 JPY/sq.m. The market value represents a decrease of 84,615 JPY (-45.8%) 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 price of Mikkaichi Apartment, the lowest market value along this railway was 100,000 JPY/sq.m. The market value represents a decrease of 84,615 JPY (-45.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

Kintetsu Suzuka Line (Stations Apartment market overview)
Kintetsu Suzuka LineThis year(2018)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Isewakamatsu---
Yanagi---
Suzukashi---
Mikkaichi100,000 JPYsq.m
(27.01917808219178270.0sq.m)
184,615 JPYsq.m
(21.01369863013698665.0sq.m)
-
Hiratachou240,000 JPYsq.m
(11.00821917808219175.0sq.m)
-211,765 JPYsq.m
(8.00547945205479585.0sq.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

Mikkaichi100,000 JPY/sq.m (-46% compared with the previous year)

The average price of Mikkaichi Apartment was 100,000 JPY/sq.m. The market value represents a decrease of 84,615 JPY (-45.8%) 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 27.0 years old (a +28.6% increase compared to the 21.0 years old of last year.). The average size of the real estate was 70.0 sq.m (a +7.7% increase compared to the 65.0 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 2017 and 100.0% of total transactions in 2018)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 21.0 years old in 2017 and 27.0 years old in 2018; +28.6%)

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)