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, 2021 to Sep, 2021 was 270,823 JPY/sq.m. The market value represents an increase of 95,439 JPY (+54.4%) 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 17.8 years old (a -17.4% decrease compared to the 21.5 years old of last year.). The average size of the real estate was 77.5 sq.m (a +10.7% increase compared to the 70.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving relatively old buildings under 40 years old.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. 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 +94.7% (+189,474 JPY/sq.m).

Cause of price increases

  • An decrease in average age of the building (representing 21.5 years old in 2020 and 17.8 years old in 2021; -17.4%)
  • An decrease in average distance from the station (representing 9.0 min in 2020 and 7.5 min in 2021; -16.7%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2020 and 25.0% of total transactions in 2021)

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 Iseshi Apartment, the lowest 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.).

Kintetsu Yamada Line (Stations Apartment market overview)
Kintetsu Yamada LineThis year(2021)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Isenakagawa327,678 JPYsq.m
(11.51232876712328875.0sq.m)
--
Matsugasaki---
Matsusaka-150,769 JPYsq.m
(27.52328767123287565.0sq.m)
204,644 JPYsq.m
(12.5109589041095990.0sq.m)
Higashimatsusaka38,462 JPYsq.m
(36.5287671232876765.0sq.m)
--
Miyamachi---
Iseshi389,474 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

Iseshi389,474 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%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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