Kintetsu Yamada Line railway market report
- Type: Apartment
- Line: Kintetsu Yamada Line
Isenakagawa Ujiyamada [14 stations] - Period: 2021 - 3Q
Jul, 2021 Sep, 2021
Kintetsu Yamada Line Apartment market overview
The average price of Kintetsu Yamada Line (Isenakagawa to Ujiyamada) Apartment, in Jul, 2021 to Sep, 2021 was 261,992 JPY/sq.m. The market value represents an increase of 86,608 JPY (+49.4%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 19.3 years old (a -10.2% decrease compared to the 21.5 years old of last year.). The average size of the real estate was 77.0 sq.m (a +10.0% increase compared to the 70.0 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was an decrease in transactions involving relatively new buildings under 20 years old.
2 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Matsusaka, Iseshi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Iseshi station, where prices have increased +94.7% compared to last year; a sq.m unit now costs 389,474 JPY/sq.m.
The top 1 stations has seen prices increase +94.7% (+189,474 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +50.3% (+75,898 JPY/sq.m).
Cause of price increases
- An decrease in average age of the building (representing 21.5 years old in 2020 and 19.3 years old in 2021; -10.2%)
- An decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2020 and 40.0% of total transactions in 2021)
Causes of price decreases
- A dramatic increase in average distance from the station (representing 9.0 min in 2020 and 11.0 min in 2021; +22.2%)
Apartment stations market overview
The average price of Iseshi Apartment, the highest market value along this railway was 389,474 JPY/sq.m. The market value represents an increase of 189,474 JPY (+94.7%) 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 226,667 JPY/sq.m. The market value represents an increase of 75,898 JPY (+50.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).
| Kintetsu Yamada Line | This year(2021) (Avg.Age,Dim.) | 1 year ago (Avg.Age,Dim.) | 2 years ago (Avg.Age,Dim.) |
|---|---|---|---|
| Isenakagawa | 327,678 JPYsq.m (11.51232876712328875.0sq.m) | - | - |
| Matsugasaki | - | - | - |
| Matsusaka | 226,667 JPYsq.m (25.5205479452054875.0sq.m) | 150,769 JPYsq.m (27.52328767123287565.0sq.m) | 204,644 JPYsq.m (12.5109589041095990.0sq.m) |
| Higashimatsusaka | 38,462 JPYsq.m (36.5287671232876765.0sq.m) | - | - |
| Miyamachi | - | - | - |
| Iseshi | 389,474 JPYsq.m (11.51232876712328895.0sq.m) | 200,000 JPYsq.m (15.51506849315068475.0sq.m) | - |
| Ujiyamada | - | - | 312,500 JPYsq.m (8.50958904109589180.0sq.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
Iseshi 389,474 JPY/sq.m (+95% compared with the previous year)
The average price of Iseshi Apartment was 389,474 JPY/sq.m. The market value represents an increase of 189,474 JPY (+94.7%) 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 11.5 years old (a -25.8% decrease compared to the 15.5 years old of last year.). The average size of the real estate was 95.0 sq.m (a +26.7% increase compared to the 75.0 sq.m of last year.).
Cause of price increases
- A dramatic decrease in average age of the building (representing 15.5 years old in 2020 and 11.5 years old in 2021; -25.8%)
Causes of price decreases
- A dramatic increase in average distance from the station (representing 9.0 min in 2020 and 12.0 min in 2021; +33.3%)
Matsusaka 226,667 JPY/sq.m (+50% compared with the previous year)
The average price of Matsusaka Apartment was 226,667 JPY/sq.m. The market value represents an increase of 75,898 JPY (+50.3%) 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 25.5 years old (a -7.3% decrease compared to the 27.5 years old of last year.). The average size of the real estate was 75.0 sq.m (a +15.4% increase 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 2020 and 100.0% of total transactions in 2021)
Causes of price decreases
- A dramatic increase in average distance from the station (representing 9.0 min in 2020 and 25.0 min in 2021; +177.8%)
Breakdown of each segment
Station: Segment:
