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, 2020 to Sep, 2020 was 243,277 JPY/sq.m. The market value represents an increase of 112,993 JPY (+86.7%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 13.2 years old (a -41.6% decrease compared to the 22.6 years old of last year.). The average size of the real estate was 85.0 sq.m (a +11.8% increase compared to the 76.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old.

2 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was the same as last year. Suzukashi 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 +221.3% compared to last year; a sq.m unit now costs 238,655 JPY/sq.m.

The top 1 stations has seen prices increase +221.3% (+164,369 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +78.2% (+112,860 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 22.6 years old in 2019 and 13.2 years old in 2020; -41.6%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.8 min in 2019 and 8.2 min in 2020; +42.2%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 40.0% of total transactions in 2019 and 25.0% of total transactions in 2020)

Apartment stations market overview

The average price of Suzukashi Apartment, the highest market value along this railway was 257,143 JPY/sq.m. The market value represents an increase of 112,860 JPY (+78.2%) 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 price of Hiratachou Apartment, the lowest market value along this railway was 238,655 JPY/sq.m. The market value represents an increase of 164,369 JPY (+221.3%) 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.).

Kintetsu Suzuka Line (Stations Apartment market overview)
Kintetsu Suzuka LineThis year(2020)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Isewakamatsu---
Yanagi---
Suzukashi257,143 JPYsq.m
(13.51506849315068470.0sq.m)
144,283 JPYsq.m
(21.0794520547945277.5sq.m)
121,429 JPYsq.m
(28.7726027397260370.0sq.m)
Mikkaichi--100,000 JPYsq.m
(27.01917808219178270.0sq.m)
Hiratachou238,655 JPYsq.m
(13.09497716894977390.0sq.m)
74,286 JPYsq.m
(28.7726027397260370.0sq.m)
156,430 JPYsq.m
(17.951369863013777.5sq.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

Hiratachou238,655 JPY/sq.m (+221% compared with the previous year)

The average price of Hiratachou Apartment was 238,655 JPY/sq.m. The market value represents an increase of 164,369 JPY (+221.3%) 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 age of the real estate was 13.1 years old (a -54.5% decrease compared to the 28.8 years old of last year.). The average size of the real estate was 90.0 sq.m (a +28.6% 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 2019 and 13.1 years old in 2020; -54.5%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.0 min in 2019 and 10.0 min in 2020; +100.0%)

Suzukashi257,143 JPY/sq.m (+78% compared with the previous year)

The average price of Suzukashi Apartment was 257,143 JPY/sq.m. The market value represents an increase of 112,860 JPY (+78.2%) 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 13.5 years old (a -35.9% decrease compared to the 21.1 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 age of the building (representing 21.1 years old in 2019 and 13.5 years old in 2020; -35.9%)
  • A dramatic decrease in average distance from the station (representing 6.0 min in 2019 and 3.0 min in 2020; -50.0%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 25.0% of total transactions in 2019 and 100.0% of total transactions in 2020)

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)