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, 2022 to Mar, 2022 was 67,929 JPY/sq.m. The market value represents a decrease of 68,369 JPY (-50.2%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 35.0 years old (a +18.6% increase compared to the 29.5 years old of last year.). The average size of the real estate was 60.0 sq.m (a -17.2% decrease compared to the 72.5 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; 2 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -35.0% (-53,846 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -56.3% (-66,856 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 18.0 min in 2021 and 8.3 min in 2022; -53.7%)
  • 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

  • An increase in average age of the building (representing 29.5 years old in 2021 and 35.0 years old in 2022; +18.6%)

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 53,846 JPY (-35.0%) 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 Hiratachou Apartment, the lowest market value along this railway was 51,894 JPY/sq.m. The market value represents a decrease of 66,856 JPY (-56.3%) compared to 1 year ago and a transition to a dramatic 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.).

Kintetsu Suzuka Line (Stations Apartment market overview)
Kintetsu Suzuka LineThis year(2022)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Isewakamatsu---
Yanagi---
Suzukashi---
Mikkaichi100,000 JPYsq.m
(31.0219178082191865.0sq.m)
153,846 JPYsq.m
(29.01917808219178265.0sq.m)
-
Hiratachou51,894 JPYsq.m
(37.0246575342465757.5sq.m)
118,750 JPYsq.m
(30.0219178082191880.0sq.m)
231,666 JPYsq.m
(13.0109589041095987.5sq.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

Mikkaichi100,000 JPY/sq.m (-35% compared with the previous year)

The average price of Mikkaichi Apartment was 100,000 JPY/sq.m. The market value represents a decrease of 53,846 JPY (-35.0%) 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 31.0 years old (a +6.9% increase compared to the 29.0 years old of last year.). The average size of the real estate was 65.0 sq.m (a +0.0% decrease 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 2021 and 100.0% of total transactions in 2022)

Hiratachou51,894 JPY/sq.m (-56% compared with the previous year)

The average price of Hiratachou Apartment was 51,894 JPY/sq.m. The market value represents a decrease of 66,856 JPY (-56.3%) compared to 1 year ago and a transition to a dramatic 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 37.0 years old (a +23.3% increase compared to the 30.0 years old of last year.). The average size of the real estate was 57.5 sq.m (a -28.1% decrease compared to the 80.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 28.0 min in 2021 and 8.5 min in 2022; -69.6%)
  • 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 dramatic increase in average age of the building (representing 30.0 years old in 2021 and 37.0 years old in 2022; +23.3%)

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.