Kintetsu Yunoyama Line railway market report

Kintetsu Yunoyama Line Apartment market overview

The average price of Kintetsu Yunoyama Line (Kinntetsuyokkaichi to Isematsumoto) Apartment, in Jan, 2016 to Mar, 2016 was 283,993 JPY/sq.m. The market value represents an increase of 10,057 JPY (+3.7%) compared to 1 year ago and a transition to a some market. 8 properties exchanged hands ( The market value represents an increase of 2 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 15.5 years old (a +10.7% increase compared to the 14.0 years old of last year.). The average size of the real estate was 74.4 sq.m (a -1.9% decrease compared to the 75.8 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; 0 stations have experienced decreased prices. Market value of most stations decreased. Kinntetsuyokkaichi station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Kinntetsuyokkaichi station, where prices have increased +18.1% compared to last year; a sq.m unit now costs 323,409 JPY/sq.m.

The top 1 stations has seen prices increase +18.1% (+49,472 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +18.1% (+49,472 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 10.2 min in 2015 and 7.6 min in 2016; -25.0%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2015 and 25.0% of total transactions in 2016)

Causes of price decreases

  • An increase in average age of the building (representing 14.0 years old in 2015 and 15.5 years old in 2016; +10.7%)

Apartment stations market overview

The average price of Kinntetsuyokkaichi Apartment, the highest market value along this railway was 323,409 JPY/sq.m. The market value represents an increase of 49,472 JPY (+18.1%) compared to 1 year ago and a transition to a bull market. 5 properties exchanged hands ( The market value represents a decrease of 1 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average price of Kinntetsuyokkaichi Apartment, the lowest market value along this railway was 323,409 JPY/sq.m. The market value represents an increase of 49,472 JPY (+18.1%) compared to 1 year ago and a transition to a bull market. 5 properties exchanged hands ( The market value represents a decrease of 1 (-16.7%) compared to 1 year ago and a transition to a weak market.).

Kintetsu Yunoyama Line (Stations Apartment market overview)
Kintetsu Yunoyama LineThis year(2016)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kinntetsuyokkaichi323,409 JPYsq.m
(15.0104109589041172.0sq.m)
273,936 JPYsq.m
(14.0086757990867675.8sq.m)
261,484 JPYsq.m
(12.20821917808219276.0sq.m)
Nakagawara218,301 JPYsq.m
(16.34611872146118578.3sq.m)
-142,857 JPYsq.m
(15.0109589041095970.0sq.m)
Isematsumoto---

*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

Kinntetsuyokkaichi323,409 JPY/sq.m (+18% compared with the previous year)

The average price of Kinntetsuyokkaichi Apartment was 323,409 JPY/sq.m. The market value represents an increase of 49,472 JPY (+18.1%) compared to 1 year ago and a transition to a bull market. 5 properties exchanged hands ( The market value represents a decrease of 1 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 15.0 years old (a +7.2% increase compared to the 14.0 years old of last year.). The average size of the real estate was 72.0 sq.m (a -5.1% decrease compared to the 75.8 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 10.2 min in 2015 and 8.4 min in 2016; -17.4%)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2015 and 40.0% of total transactions in 2016)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (https://utinokati.com/en/) where the data will be posted. (As a general rule, prior consent is not required.) Our data is based on Ministry of Land, Infrastructure, Transport, and Tourism of Japan (actual market sales prices)