Kintetsu Yamada Line railway market report

Kintetsu Yamada Line Apartment market overview

The average price of Kintetsu Yamada Line (Isenakagawa to Ujiyamada) Apartment, in Jan, 2017 to Dec, 2017 was 236,379 JPY/sq.m. The market value represents an increase of 16,233 JPY (+7.4%) compared to 1 year ago and a transition to a strong market. 13 properties exchanged hands ( The market value represents a decrease of 7 (-35.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 13.6 years old (a -6.4% decrease compared to the 14.6 years old of last year.). The average size of the real estate was 80.8 sq.m (a +5.6% increase compared to the 76.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving new buildings under 10 years old.

2 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Iseshi, Ujiyamada station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Ujiyamada station, where prices have increased +70.3% compared to last year; a sq.m unit now costs 333,333 JPY/sq.m.

The top 1 stations has seen prices increase +70.3% (+137,614 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -5.6% (-11,825 JPY/sq.m).

Cause of price increases

  • A slight increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 15.0% of total transactions in 2016 and 15.4% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 15.8% of total transactions in 2016 and 23.1% of total transactions in 2017)

Apartment stations market overview

The average price of Ujiyamada Apartment, the highest market value along this railway was 333,333 JPY/sq.m. The market value represents an increase of 137,614 JPY (+70.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Matsusaka Apartment, the lowest market value along this railway was 197,525 JPY/sq.m. The market value represents a decrease of 11,825 JPY (-5.6%) compared to 1 year ago and a transition to a bear market. 8 properties exchanged hands ( The market value represents a decrease of 5 (-38.5%) compared to 1 year ago and a transition to a dramatic market.).

Kintetsu Yamada Line (Stations Apartment market overview)
Kintetsu Yamada LineThis year(2017)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Isenakagawa287,500 JPYsq.m
(8.50958904109589180.0sq.m)
293,750 JPYsq.m
(8.38356164383561680.0sq.m)
280,000 JPYsq.m
(8.25753424657534375.0sq.m)
Matsugasaki-271,429 JPYsq.m
(6.75890410958904170.0sq.m)
-
Matsusaka197,525 JPYsq.m
(15.63801369863013878.8sq.m)
209,350 JPYsq.m
(16.8417281348788278.1sq.m)
203,785 JPYsq.m
(15.44897260273972670.0sq.m)
Higashimatsusaka---
Iseshi290,632 JPYsq.m
(12.34337899543378883.3sq.m)
235,294 JPYsq.m
(12.00821917808219185.0sq.m)
235,294 JPYsq.m
(11.75890410958904185.0sq.m)
Ujiyamada333,333 JPYsq.m
(6.5095890410958990.0sq.m)
195,719 JPYsq.m
(11.13698630136986366.7sq.m)
40,000 JPYsq.m
(31.01917808219178240.0sq.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

Ujiyamada333,333 JPY/sq.m (+70% compared with the previous year)

The average price of Ujiyamada Apartment was 333,333 JPY/sq.m. The market value represents an increase of 137,614 JPY (+70.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 6.5 years old (a -41.5% decrease compared to the 11.1 years old of last year.). The average size of the real estate was 90.0 sq.m (a +35.0% increase compared to the 66.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 11.1 years old in 2016 and 6.5 years old in 2017; -41.5%)
  • A dramatic decrease in average distance from the station (representing 7.3 min in 2016 and 4.0 min in 2017; -45.5%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 33.3% of total transactions in 2016 and 100.0% of total transactions in 2017)

Matsusaka197,525 JPY/sq.m (-6% compared with the previous year)

The average price of Matsusaka Apartment was 197,525 JPY/sq.m. The market value represents a decrease of 11,825 JPY (-5.6%) compared to 1 year ago and a transition to a bear market. 8 properties exchanged hands ( The market value represents a decrease of 5 (-38.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 15.6 years old (a -7.1% decrease compared to the 16.8 years old of last year.). The average size of the real estate was 78.8 sq.m (a +0.9% increase compared to the 78.1 sq.m of last year.).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 7.7% of total transactions in 2016 and 12.5% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 23.1% of total transactions in 2016 and 37.5% of total transactions in 2017)

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)