Kintetsu Yamada Line railway market report

Kintetsu Yamada Line Apartment market overview

The average price of Kintetsu Yamada Line (Isenakagawa to Ujiyamada) Apartment, in Oct, 2021 to Dec, 2021 was 127,135 JPY/sq.m. The market value represents a decrease of 41,615 JPY (-24.7%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 4 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 29.6 years old (a -6.8% decrease compared to the 31.8 years old of last year.). The average size of the real estate was 56.7 sq.m (a -5.6% decrease compared to the 60.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving relatively new buildings under 20 years old.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Iseshi station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Iseshi station, where prices have decreased -16.3% compared to last year; a sq.m unit now costs 271,905 JPY/sq.m.

The top 1 stations has seen prices increase +206.7% (+25,833 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -16.3% (-53,095 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 50.0% of total transactions in 2020 and 16.7% of total transactions in 2021)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.5 min in 2020 and 9.7 min in 2021; +28.9%)
  • A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 50.0% of total transactions in 2020 and 50.0% of total transactions in 2021)

Apartment stations market overview

The average price of Iseshi Apartment, the highest market value along this railway was 271,905 JPY/sq.m. The market value represents a decrease of 53,095 JPY (-16.3%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Ujiyamada Apartment, the lowest market value along this railway was 38,333 JPY/sq.m. The market value represents an increase of 25,833 JPY (+206.7%) 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.).

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.)
Isenakagawa--346,667 JPYsq.m
(12.76164383561643875.0sq.m)
Matsugasaki---
Matsusaka--82,353 JPYsq.m
(11.75890410958904185.0sq.m)
Higashimatsusaka104,000 JPYsq.m
(26.7726027397260375.0sq.m)
--
Miyamachi---
Iseshi271,905 JPYsq.m
(15.26301369863013872.5sq.m)
325,000 JPYsq.m
(19.76712328767123280.0sq.m)
-
Ujiyamada38,333 JPYsq.m
(40.1132420091324240.0sq.m)
12,500 JPYsq.m
(43.7835616438356240.0sq.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

Ujiyamada38,333 JPY/sq.m (+207% compared with the previous year)

The average price of Ujiyamada Apartment was 38,333 JPY/sq.m. The market value represents an increase of 25,833 JPY (+206.7%) 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 40.1 years old (a -8.4% decrease compared to the 43.8 years old of last year.). The average size of the real estate was 40.0 sq.m (a +0.0% decrease compared to the 40.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 100.0% of total transactions in 2020 and 33.3% of total transactions in 2021)

Causes of price decreases

  • A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 100.0% of total transactions in 2020 and 100.0% of total transactions in 2021)

Iseshi271,905 JPY/sq.m (-16% compared with the previous year)

The average price of Iseshi Apartment was 271,905 JPY/sq.m. The market value represents a decrease of 53,095 JPY (-16.3%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 15.3 years old (a -22.8% decrease compared to the 19.8 years old of last year.). The average size of the real estate was 72.5 sq.m (a -9.4% decrease compared to the 80.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 19.8 years old in 2020 and 15.3 years old in 2021; -22.8%)
  • A dramatic decrease in average distance from the station (representing 11.0 min in 2020 and 8.5 min in 2021; -22.7%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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