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 Dec, 2018 was 141,191 JPY/sq.m. The market value represents an increase of 15,602 JPY (+12.4%) compared to 1 year ago and a transition to a bull market. 6 properties exchanged hands ( The market value represents an increase of 1 (+20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.3 years old (a -4.7% decrease compared to the 22.3 years old of last year.). The average size of the real estate was 75.0 sq.m (a +2.7% increase compared to the 73.0 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.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Hiratachou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Hiratachou station, where prices have increased +30.4% compared to last year; a sq.m unit now costs 156,430 JPY/sq.m.

The top 1 stations has seen prices increase +30.4% (+36,430 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -25.4% (-33,974 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 29.2 min in 2017 and 8.5 min in 2018; -70.9%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 80.0% of total transactions in 2017 and 50.0% of total transactions in 2018)

Apartment stations market overview

The average price of Hiratachou Apartment, the highest market value along this railway was 156,430 JPY/sq.m. The market value represents an increase of 36,430 JPY (+30.4%) 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 price of Mikkaichi Apartment, the lowest market value along this railway was 100,000 JPY/sq.m. The market value represents a decrease of 33,974 JPY (-25.4%) 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 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---
Suzukashi121,429 JPYsq.m
(28.7726027397260370.0sq.m)
-137,500 JPYsq.m
(0.080.0sq.m)
Mikkaichi100,000 JPYsq.m
(27.01917808219178270.0sq.m)
133,974 JPYsq.m
(21.26575342465753662.5sq.m)
-
Hiratachou156,430 JPYsq.m
(17.951369863013777.5sq.m)
120,000 JPYsq.m
(23.01826484018264680.0sq.m)
170,463 JPYsq.m
(15.01369863013698680.0sq.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

Hiratachou156,430 JPY/sq.m (+30% compared with the previous year)

The average price of Hiratachou Apartment was 156,430 JPY/sq.m. The market value represents an increase of 36,430 JPY (+30.4%) 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 18.0 years old (a -22.0% decrease compared to the 23.0 years old of last year.). The average size of the real estate was 77.5 sq.m (a -3.1% decrease compared to the 80.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 23.0 years old in 2017 and 18.0 years old in 2018; -22.0%)
  • A dramatic decrease in average distance from the station (representing 45.3 min in 2017 and 9.5 min in 2018; -79.0%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2017 and 25.0% of total transactions in 2018)

Mikkaichi100,000 JPY/sq.m (-25% compared with the previous year)

The average price of Mikkaichi Apartment was 100,000 JPY/sq.m. The market value represents a decrease of 33,974 JPY (-25.4%) 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 27.0 years old (a +27.1% increase compared to the 21.3 years old of last year.). The average size of the real estate was 70.0 sq.m (a +12.0% increase compared to the 62.5 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 21.3 years old in 2017 and 27.0 years old in 2018; +27.1%)
  • A dramatic increase in average distance from the station (representing 5.0 min in 2017 and 7.0 min in 2018; +40.0%)

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)