Kintetsu Yamada Line railway market report

Kintetsu Yamada Line Apartment market overview

The average price of Kintetsu Yamada Line (Isenakagawa to Ujiyamada) Apartment, in Jul, 2018 to Sep, 2018 was 255,346 JPY/sq.m. The market value represents an increase of 10,234 JPY (+4.2%) compared to 1 year ago and a transition to a some market. 6 properties exchanged hands ( The market value represents an increase of 2 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 14.8 years old (a -1.1% decrease compared to the 15.0 years old of last year.). The average size of the real estate was 75.8 sq.m (a -3.7% decrease compared to the 78.8 sq.m of last year.).

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

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Matsusaka station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Matsusaka station, where prices have increased +30.8% compared to last year; a sq.m unit now costs 235,161 JPY/sq.m.

The top 1 stations has seen prices increase +30.8% (+55,354 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -5.6% (-16,071 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2017 and 16.7% of total transactions in 2018)

Apartment stations market overview

The average price of Isenakagawa Apartment, the highest market value along this railway was 271,429 JPY/sq.m. The market value represents a decrease of 16,071 JPY (-5.6%) compared to 1 year ago and a transition to a bear market. 1 properties exchanged hands (It was the same as last year.).

The average price of Matsusaka Apartment, the lowest market value along this railway was 235,161 JPY/sq.m. The market value represents an increase of 55,354 JPY (+30.8%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

Kintetsu Yamada Line (Stations Apartment market overview)
Kintetsu Yamada LineThis year(2018)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Isenakagawa271,429 JPYsq.m
(14.51232876712328870.0sq.m)
287,500 JPYsq.m
(8.50958904109589180.0sq.m)
-
Matsugasaki---
Matsusaka235,161 JPYsq.m
(15.01369863013698677.5sq.m)
179,808 JPYsq.m
(22.51917808219178272.5sq.m)
204,841 JPYsq.m
(17.5168949771689575.0sq.m)
Higashimatsusaka---
Miyamachi---
Iseshi320,000 JPYsq.m
(14.51232876712328875.0sq.m)
--
Ujiyamada-333,333 JPYsq.m
(6.5095890410958990.0sq.m)
166,912 JPYsq.m
(11.51232876712328862.5sq.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

Matsusaka235,161 JPY/sq.m (+31% compared with the previous year)

The average price of Matsusaka Apartment was 235,161 JPY/sq.m. The market value represents an increase of 55,354 JPY (+30.8%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 15.0 years old (a -33.3% decrease compared to the 22.5 years old of last year.). The average size of the real estate was 77.5 sq.m (a +6.9% increase compared to the 72.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 22.5 years old in 2017 and 15.0 years old in 2018; -33.3%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2017 and 25.0% of total transactions in 2018)

Isenakagawa271,429 JPY/sq.m (-6% compared with the previous year)

The average price of Isenakagawa Apartment was 271,429 JPY/sq.m. The market value represents a decrease of 16,071 JPY (-5.6%) compared to 1 year ago and a transition to a bear market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 14.5 years old (a +70.5% increase compared to the 8.5 years old of last year.). The average size of the real estate was 70.0 sq.m (a -12.5% 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 8.0 min in 2017 and 1.0 min in 2018; -87.5%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 8.5 years old in 2017 and 14.5 years old in 2018; +70.5%)

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.