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, 2019 to Dec, 2019 was 224,963 JPY/sq.m. The market value represents a decrease of 30,175 JPY (-11.8%) compared to 1 year ago and a transition to a weak market. 14 properties exchanged hands ( The market value represents an increase of 5 (+55.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 14.2 years old (a +2.0% increase compared to the 13.9 years old of last year.). The average size of the real estate was 81.8 sq.m (a +6.7% increase compared to the 76.7 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.

1 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Isenakagawa station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Isenakagawa station, where prices have increased +27.7% compared to last year; a sq.m unit now costs 346,667 JPY/sq.m.

The top 1 stations has seen prices increase +27.7% (+75,238 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -24.6% (-78,580 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 22.2% of total transactions in 2018 and 7.1% of total transactions in 2019)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 15.1 min in 2018 and 18.6 min in 2019; +22.9%)

Apartment stations market overview

The average price of Isenakagawa Apartment, the highest market value along this railway was 346,667 JPY/sq.m. The market value represents an increase of 75,238 JPY (+27.7%) 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 Matsusaka Apartment, the lowest market value along this railway was 196,228 JPY/sq.m. The market value represents a decrease of 47,317 JPY (-19.4%) compared to 1 year ago and a transition to a weak market. 9 properties exchanged hands ( The market value represents an increase of 2 (+28.6%) compared to 1 year ago and a transition to a dramatic market.).

Kintetsu Yamada Line (Stations Apartment market overview)
Kintetsu Yamada LineThis year(2019)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Isenakagawa346,667 JPYsq.m
(12.76164383561643875.0sq.m)
271,429 JPYsq.m
(14.51232876712328870.0sq.m)
287,500 JPYsq.m
(8.50958904109589180.0sq.m)
Matsugasaki---
Matsusaka196,228 JPYsq.m
(14.98264840182648483.3sq.m)
243,544 JPYsq.m
(13.6904109589041177.9sq.m)
197,525 JPYsq.m
(15.63801369863013878.8sq.m)
Higashimatsusaka---
Miyamachi---
Iseshi241,420 JPYsq.m
(14.00821917808219180.0sq.m)
320,000 JPYsq.m
(14.51232876712328875.0sq.m)
290,632 JPYsq.m
(12.34337899543378883.3sq.m)
Ujiyamada312,500 JPYsq.m
(8.50958904109589180.0sq.m)
-333,333 JPYsq.m
(6.5095890410958990.0sq.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

Isenakagawa346,667 JPY/sq.m (+28% compared with the previous year)

The average price of Isenakagawa Apartment was 346,667 JPY/sq.m. The market value represents an increase of 75,238 JPY (+27.7%) 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 12.8 years old (a -12.1% decrease compared to the 14.5 years old of last year.). The average size of the real estate was 75.0 sq.m (a +7.1% increase compared to the 70.0 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 14.5 years old in 2018 and 12.8 years old in 2019; -12.1%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 1.0 min in 2018 and 5.0 min in 2019; +400.0%)

Iseshi241,420 JPY/sq.m (-25% compared with the previous year)

The average price of Iseshi Apartment was 241,420 JPY/sq.m. The market value represents a decrease of 78,580 JPY (-24.6%) 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 14.0 years old (a -3.5% decrease compared to the 14.5 years old of last year.). The average size of the real estate was 80.0 sq.m (a +6.7% increase compared to the 75.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.0 min in 2018 and 12.3 min in 2019; +23.3%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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