Kintetsu Suzuka Line railway market report

Kintetsu Suzuka Line Apartment market overview

The average price of Kintetsu Suzuka Line (Isewakamatsu to Hiratachou) Apartment, in Apr, 2019 to Dec, 2019 was 130,284 JPY/sq.m. The market value represents a decrease of 10,908 JPY (-7.7%) 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 age of the real estate was 22.6 years old (a +6.4% increase compared to the 21.3 years old of last year.). The average size of the real estate was 76.0 sq.m (a +1.3% increase compared to the 75.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an increase in transactions involving relatively old buildings under 40 years old.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Suzukashi station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Suzukashi station, where prices have increased +18.8% compared to last year; a sq.m unit now costs 144,283 JPY/sq.m.

The top 1 stations has seen prices increase +18.8% (+22,854 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -52.5% (-82,144 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 8.5 min in 2018 and 5.8 min in 2019; -31.8%)

Causes of price decreases

  • An increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2018 and 60.0% of total transactions in 2019)

Apartment stations market overview

The average price of Suzukashi Apartment, the highest market value along this railway was 144,283 JPY/sq.m. The market value represents an increase of 22,854 JPY (+18.8%) compared to 1 year ago and a transition to a bull market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Hiratachou Apartment, the lowest market value along this railway was 74,286 JPY/sq.m. The market value represents a decrease of 82,144 JPY (-52.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

Kintetsu Suzuka Line (Stations Apartment market overview)
Kintetsu Suzuka LineThis year(2019)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Isewakamatsu---
Yanagi---
Suzukashi144,283 JPYsq.m
(21.0794520547945277.5sq.m)
121,429 JPYsq.m
(28.7726027397260370.0sq.m)
-
Mikkaichi-100,000 JPYsq.m
(27.01917808219178270.0sq.m)
133,974 JPYsq.m
(21.26575342465753662.5sq.m)
Hiratachou74,286 JPYsq.m
(28.7726027397260370.0sq.m)
156,430 JPYsq.m
(17.951369863013777.5sq.m)
120,000 JPYsq.m
(23.01826484018264680.0sq.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

Suzukashi144,283 JPY/sq.m (+19% compared with the previous year)

The average price of Suzukashi Apartment was 144,283 JPY/sq.m. The market value represents an increase of 22,854 JPY (+18.8%) compared to 1 year ago and a transition to a bull market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.1 years old (a -26.7% decrease compared to the 28.8 years old of last year.). The average size of the real estate was 77.5 sq.m (a +10.7% increase compared to the 70.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 28.8 years old in 2018 and 21.1 years old in 2019; -26.7%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2018 and 50.0% of total transactions in 2019)

Hiratachou74,286 JPY/sq.m (-53% compared with the previous year)

The average price of Hiratachou Apartment was 74,286 JPY/sq.m. The market value represents a decrease of 82,144 JPY (-52.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 28.8 years old (a +60.3% increase compared to the 18.0 years old of last year.). The average size of the real estate was 70.0 sq.m (a -9.7% decrease compared to the 77.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 9.5 min in 2018 and 5.0 min in 2019; -47.4%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.0 years old in 2018 and 28.8 years old in 2019; +60.3%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2018 and 100.0% of total transactions in 2019)

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)