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, 2017 to Dec, 2017 was 255,330 JPY/sq.m. The market value represents an increase of 25,843 JPY (+11.3%) compared to 1 year ago and a transition to a bull market. 30 properties exchanged hands ( The market value represents an increase of 3 (+11.1%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 18.9 years old (a +3.9% increase compared to the 18.2 years old of last year.). The average size of the real estate was 70.5 sq.m (a -2.6% decrease compared to the 72.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m, as well as a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

2 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was toward increased prices. Isematsumoto station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Isematsumoto station, where prices have increased +100.0% compared to last year; a sq.m unit now costs 200,000 JPY/sq.m.

The top 1 stations has seen prices increase +100.0% (+100,000 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -61.2% (-140,730 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 3.7% of total transactions in 2016 and 6.7% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 34.6% of total transactions in 2016 and 43.3% of total transactions in 2017)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 3.8% of total transactions in 2016 and 6.7% of total transactions in 2017)

Apartment stations market overview

The average price of Kinntetsuyokkaichi Apartment, the highest market value along this railway was 263,238 JPY/sq.m. The market value represents an increase of 27,698 JPY (+11.8%) compared to 1 year ago and a transition to a bull market. 28 properties exchanged hands ( The market value represents an increase of 7 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Nakagawara Apartment, the lowest market value along this railway was 89,231 JPY/sq.m. The market value represents a decrease of 140,730 JPY (-61.2%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) compared to 1 year ago and a transition to a dramatic 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.)
Kinntetsuyokkaichi263,238 JPYsq.m
(18.28268101761252570.9sq.m)
235,540 JPYsq.m
(18.51575342465753670.5sq.m)
234,486 JPYsq.m
(16.31361804995970772.0sq.m)
Nakagawara89,231 JPYsq.m
(28.2712328767123365.0sq.m)
229,961 JPYsq.m
(15.21315068493150879.0sq.m)
223,897 JPYsq.m
(11.82260273972602883.8sq.m)
Isematsumoto200,000 JPYsq.m
(26.01917808219178265.0sq.m)
100,000 JPYsq.m
(25.7726027397260380.0sq.m)
120,916 JPYsq.m
(24.58287671232876575.0sq.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

Isematsumoto200,000 JPY/sq.m (+100% compared with the previous year)

The average price of Isematsumoto Apartment was 200,000 JPY/sq.m. The market value represents an increase of 100,000 JPY (+100.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 26.0 years old (a +1.0% increase compared to the 25.8 years old of last year.). The average size of the real estate was 65.0 sq.m (a -18.8% decrease compared to the 80.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 6.0 min in 2016 and 5.0 min in 2017; -16.7%)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2016 and 100.0% of total transactions in 2017)

Nakagawara89,231 JPY/sq.m (-61% compared with the previous year)

The average price of Nakagawara Apartment was 89,231 JPY/sq.m. The market value represents a decrease of 140,730 JPY (-61.2%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 28.3 years old (a +85.8% increase compared to the 15.2 years old of last year.). The average size of the real estate was 65.0 sq.m (a -17.7% decrease compared to the 79.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 5.4 min in 2016 and 1.0 min in 2017; -81.5%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 15.2 years old in 2016 and 28.3 years old in 2017; +85.8%)

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)