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, 2021 to Dec, 2021 was 222,161 JPY/sq.m. The market value represents an increase of 45,943 JPY (+26.1%) compared to 1 year ago and a transition to a dramatic market. 21 properties exchanged hands ( The market value represents an increase of 7 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.9 years old (a +7.3% increase compared to the 19.5 years old of last year.). The average size of the real estate was 76.4 sq.m (a +12.6% increase compared to the 67.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

3 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was the same as last year. Matsusaka, Iseshi station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Ujiyamada station, where prices have increased +646.1% compared to last year; a sq.m unit now costs 119,375 JPY/sq.m.

The top 1 stations has seen prices increase +646.1% (+103,375 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +17.5% (+45,882 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.3% of total transactions in 2020 and 33.3% of total transactions in 2021)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.2 min in 2020 and 12.1 min in 2021; +31.8%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 20.0% of total transactions in 2020 and 33.3% of total transactions in 2021)

Apartment stations market overview

The average price of Iseshi Apartment, the highest market value along this railway was 308,382 JPY/sq.m. The market value represents an increase of 45,882 JPY (+17.5%) compared to 1 year ago and a transition to a bull 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 price of Ujiyamada Apartment, the lowest market value along this railway was 119,375 JPY/sq.m. The market value represents an increase of 103,375 JPY (+646.1%) 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(2021)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Isenakagawa327,678 JPYsq.m
(11.51232876712328875.0sq.m)
-346,667 JPYsq.m
(12.76164383561643875.0sq.m)
Matsugasaki---
Matsusaka227,513 JPYsq.m
(19.08649706457925589.3sq.m)
191,004 JPYsq.m
(16.5843444227005971.5sq.m)
196,228 JPYsq.m
(14.98264840182648483.3sq.m)
Higashimatsusaka71,231 JPYsq.m
(31.6506849315068570.0sq.m)
--
Miyamachi255,556 JPYsq.m
(19.01369863013698690.0sq.m)
--
Iseshi308,382 JPYsq.m
(14.0619178082191880.0sq.m)
262,500 JPYsq.m
(17.6410958904109677.5sq.m)
241,420 JPYsq.m
(14.00821917808219180.0sq.m)
Ujiyamada119,375 JPYsq.m
(32.5869863013698650.0sq.m)
16,000 JPYsq.m
(43.7835616438356240.0sq.m)
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

Ujiyamada119,375 JPY/sq.m (+646% compared with the previous year)

The average price of Ujiyamada Apartment was 119,375 JPY/sq.m. The market value represents an increase of 103,375 JPY (+646.1%) 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 32.6 years old (a -25.6% decrease compared to the 43.8 years old of last year.). The average size of the real estate was 50.0 sq.m (a +25.0% increase compared to the 40.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 43.8 years old in 2020 and 32.6 years old in 2021; -25.6%)
  • A dramatic decrease in average distance from the station (representing 5.0 min in 2020 and 3.8 min in 2021; -25.0%)
  • A dramatic increase 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 100.0% of total transactions in 2021)

Iseshi308,382 JPY/sq.m (+17% compared with the previous year)

The average price of Iseshi Apartment was 308,382 JPY/sq.m. The market value represents an increase of 45,882 JPY (+17.5%) compared to 1 year ago and a transition to a bull 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 14.1 years old (a -20.3% decrease compared to the 17.6 years old of last year.). The average size of the real estate was 80.0 sq.m (a +3.2% increase compared to the 77.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 17.6 years old in 2020 and 14.1 years old in 2021; -20.3%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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