Kintetsu Yunoyama Line railway market report

Kintetsu Yunoyama Line Apartment market overview

The average price of Kintetsu Yunoyama Line (Kinntetsuyokkaichi to Isematsumoto) Apartment, in Oct, 2016 to Dec, 2016 was 240,235 JPY/sq.m. The market value represents an increase of 47,823 JPY (+24.9%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents an increase of 1 (+9.1%) compared to 1 year ago and a transition to a strong market.).

The average age of the real estate was 15.7 years old (a -16.4% decrease compared to the 18.8 years old of last year.). The average size of the real estate was 73.8 sq.m (a +2.7% increase compared to the 71.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Kinntetsuyokkaichi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kinntetsuyokkaichi station, where prices have increased +29.9% compared to last year; a sq.m unit now costs 259,459 JPY/sq.m.

The top 1 stations has seen prices increase +29.9% (+59,680 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -15.8% (-18,750 JPY/sq.m).

Cause of price increases

  • An decrease in average age of the building (representing 18.8 years old in 2015 and 15.7 years old in 2016; -16.4%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 36.4% of total transactions in 2015 and 25.0% of total transactions in 2016)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 18.2% of total transactions in 2015 and 8.3% of total transactions in 2016)

Apartment stations market overview

The average price of Kinntetsuyokkaichi Apartment, the highest market value along this railway was 259,459 JPY/sq.m. The market value represents an increase of 59,680 JPY (+29.9%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands (It was the same as last year.).

The average price of Isematsumoto Apartment, the lowest market value along this railway was 100,000 JPY/sq.m. The market value represents a decrease of 18,750 JPY (-15.8%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands (It was the same as last year.).

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.)
Kinntetsuyokkaichi259,459 JPYsq.m
(14.46356164383561672.0sq.m)
199,778 JPYsq.m
(18.16383561643835571.0sq.m)
455,336 JPYsq.m
(6.75616438356164485.0sq.m)
Nakagawara188,235 JPYsq.m
(17.76712328767123285.0sq.m)
--
Isematsumoto100,000 JPYsq.m
(25.7726027397260380.0sq.m)
118,750 JPYsq.m
(24.7698630136986380.0sq.m)
118,750 JPYsq.m
(23.7698630136986380.0sq.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

Kinntetsuyokkaichi259,459 JPY/sq.m (+30% compared with the previous year)

The average price of Kinntetsuyokkaichi Apartment was 259,459 JPY/sq.m. The market value represents an increase of 59,680 JPY (+29.9%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 14.5 years old (a -20.4% decrease compared to the 18.2 years old of last year.). The average size of the real estate was 72.0 sq.m (a +1.4% increase compared to the 71.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 18.2 years old in 2015 and 14.5 years old in 2016; -20.4%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 30.0% of total transactions in 2015 and 20.0% of total transactions in 2016)

Isematsumoto100,000 JPY/sq.m (-16% compared with the previous year)

The average price of Isematsumoto Apartment was 100,000 JPY/sq.m. The market value represents a decrease of 18,750 JPY (-15.8%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 25.8 years old (a +4.0% increase compared to the 24.8 years old of last year.). The average size of the real estate was 80.0 sq.m (a +0.0% decrease compared to the 80.0 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 2015 and 100.0% 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)