Kintetsu Yunoyama Line railway market report

Kintetsu Yunoyama Line Apartment market overview

The average price of Kintetsu Yunoyama Line (Kinntetsuyokkaichi to Isematsumoto) Apartment, in Apr, 2018 to Jun, 2018 was 175,622 JPY/sq.m. The market value represents an increase of 12,660 JPY (+7.8%) compared to 1 year ago and a transition to a strong 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 23.5 years old (a -11.2% decrease compared to the 26.4 years old of last year.). The average size of the real estate was 67.0 sq.m (a +4.4% increase compared to the 64.2 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.

2 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was toward increased prices. Nakagawara station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nakagawara station, where prices have increased +68.1% compared to last year; a sq.m unit now costs 150,000 JPY/sq.m.

The top 1 stations has seen prices increase +68.1% (+60,769 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +2.4% (+4,319 JPY/sq.m).

Cause of price increases

  • An decrease in average age of the building (representing 26.4 years old in 2017 and 23.5 years old in 2018; -11.2%)
  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2017 and 60.0% of total transactions in 2018)

Causes of price decreases

  • An increase in average distance from the station (representing 8.8 min in 2017 and 10.6 min in 2018; +20.0%)

Apartment stations market overview

The average price of Kinntetsuyokkaichi Apartment, the highest market value along this railway was 182,028 JPY/sq.m. The market value represents an increase of 4,319 JPY (+2.4%) compared to 1 year ago and a transition to a slight market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) 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 150,000 JPY/sq.m. The market value represents an increase of 60,769 JPY (+68.1%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

Kintetsu Yunoyama Line (Stations Apartment market overview)
Kintetsu Yunoyama LineThis year(2018)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kinntetsuyokkaichi182,028 JPYsq.m
(24.51849315068493268.8sq.m)
177,709 JPYsq.m
(26.06958904109588864.0sq.m)
-
Nakagawara150,000 JPYsq.m
(19.26575342465753660.0sq.m)
89,231 JPYsq.m
(28.2712328767123365.0sq.m)
306,667 JPYsq.m
(9.2602739726027475.0sq.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

Nakagawara150,000 JPY/sq.m (+68% compared with the previous year)

The average price of Nakagawara Apartment was 150,000 JPY/sq.m. The market value represents an increase of 60,769 JPY (+68.1%) 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 19.3 years old (a -31.9% decrease compared to the 28.3 years old of last year.). The average size of the real estate was 60.0 sq.m (a -7.7% decrease compared to the 65.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 28.3 years old in 2017 and 19.3 years old in 2018; -31.9%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 1.0 min in 2017 and 5.0 min in 2018; +400.0%)

Kinntetsuyokkaichi182,028 JPY/sq.m (+2% compared with the previous year)

The average price of Kinntetsuyokkaichi Apartment was 182,028 JPY/sq.m. The market value represents an increase of 4,319 JPY (+2.4%) compared to 1 year ago and a transition to a slight market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 24.5 years old (a -5.9% decrease compared to the 26.1 years old of last year.). The average size of the real estate was 68.8 sq.m (a +7.4% increase compared to the 64.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 10.4 min in 2017 and 12.0 min in 2018; +15.4%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 60.0% of total transactions in 2017 and 75.0% of total transactions in 2018)

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)