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, 2017 to Dec, 2017 was 293,260 JPY/sq.m. The market value represents an increase of 53,025 JPY (+22.1%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 3 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.2 years old (a +3.4% increase compared to the 15.7 years old of last year.). The average size of the real estate was 71.7 sq.m (a -2.8% decrease compared to the 73.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase 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. 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 +13.0% compared to last year; a sq.m unit now costs 293,260 JPY/sq.m.

The top 1 stations has seen prices increase +13.0% (+33,802 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +13.0% (+33,802 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 8.3% of total transactions in 2016 and 11.1% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2016 and 44.4% of total transactions in 2017)

Apartment stations market overview

The average price of Kinntetsuyokkaichi Apartment, the highest market value along this railway was 293,260 JPY/sq.m. The market value represents an increase of 33,802 JPY (+13.0%) compared to 1 year ago and a transition to a bull market. 9 properties exchanged hands ( The market value represents a decrease of 1 (-10.0%) 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 293,260 JPY/sq.m. The market value represents an increase of 33,802 JPY (+13.0%) compared to 1 year ago and a transition to a bull market. 9 properties exchanged hands ( The market value represents a decrease of 1 (-10.0%) compared to 1 year ago and a transition to a weak market.).

Kintetsu Yunoyama Line (Stations Apartment market overview)
Kintetsu Yunoyama LineThis year(2017)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kinntetsuyokkaichi293,260 JPYsq.m
(16.20882800608828271.7sq.m)
259,459 JPYsq.m
(14.46356164383561672.0sq.m)
199,778 JPYsq.m
(18.16383561643835571.0sq.m)
Nakagawara-188,235 JPYsq.m
(17.76712328767123285.0sq.m)
-
Isematsumoto-100,000 JPYsq.m
(25.7726027397260380.0sq.m)
118,750 JPYsq.m
(24.7698630136986380.0sq.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

Kinntetsuyokkaichi293,260 JPY/sq.m (+13% compared with the previous year)

The average price of Kinntetsuyokkaichi Apartment was 293,260 JPY/sq.m. The market value represents an increase of 33,802 JPY (+13.0%) compared to 1 year ago and a transition to a bull market. 9 properties exchanged hands ( The market value represents a decrease of 1 (-10.0%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 16.2 years old (a +12.1% increase compared to the 14.5 years old of last year.). The average size of the real estate was 71.7 sq.m (a -0.5% decrease compared to the 72.0 sq.m of last year.).

Cause of price increases

  • An increase in transactions involving nearly new buildings under 3 years old (representing 10.0% of total transactions in 2016 and 11.1% of total transactions in 2017)

Causes of price decreases

  • An increase in average age of the building (representing 14.5 years old in 2016 and 16.2 years old in 2017; +12.1%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 20.0% of total transactions in 2016 and 44.4% of total transactions in 2017)

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)