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, 2019 to Dec, 2019 was 268,462 JPY/sq.m. The market value represents an increase of 23,386 JPY (+9.5%) compared to 1 year ago and a transition to a strong market. 6 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 24.1 years old (a +20.9% increase compared to the 19.9 years old of last year.). The average size of the real estate was 73.3 sq.m (a -3.3% decrease compared to the 75.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an decrease in transactions involving size for a general family households less than 100 sq.m.

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 10% compared to last year. The most dramatic price increase was at Kinntetsuyokkaichi station, where prices have increased +10.5% compared to last year; a sq.m unit now costs 284,655 JPY/sq.m.

The top 1 stations has seen prices increase +10.5% (+27,040 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -14.8% (-32,500 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 10.8 min in 2018 and 6.8 min in 2019; -36.9%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2018 and 33.3% of total transactions in 2019)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 19.9 years old in 2018 and 24.1 years old in 2019; +20.9%)

Apartment stations market overview

The average price of Kinntetsuyokkaichi Apartment, the highest market value along this railway was 284,655 JPY/sq.m. The market value represents an increase of 27,040 JPY (+10.5%) compared to 1 year ago and a transition to a bull market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) 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 187,500 JPY/sq.m. The market value represents a decrease of 32,500 JPY (-14.8%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

Kintetsu Yunoyama Line (Stations Apartment market overview)
Kintetsu Yunoyama LineThis year(2019)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kinntetsuyokkaichi284,655 JPYsq.m
(23.36821917808219272.0sq.m)
257,616 JPYsq.m
(19.01575342465753676.2sq.m)
293,260 JPYsq.m
(16.20882800608828271.7sq.m)
Nakagawara187,500 JPYsq.m
(27.7698630136986380.0sq.m)
220,000 JPYsq.m
(21.76712328767123275.0sq.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

Kinntetsuyokkaichi284,655 JPY/sq.m (+10% compared with the previous year)

The average price of Kinntetsuyokkaichi Apartment was 284,655 JPY/sq.m. The market value represents an increase of 27,040 JPY (+10.5%) compared to 1 year ago and a transition to a bull market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 23.4 years old (a +22.9% increase compared to the 19.0 years old of last year.). The average size of the real estate was 72.0 sq.m (a -5.6% decrease compared to the 76.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.8 min in 2018 and 6.6 min in 2019; -48.2%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2018 and 20.0% of total transactions in 2019)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 19.0 years old in 2018 and 23.4 years old in 2019; +22.9%)

Nakagawara187,500 JPY/sq.m (-15% compared with the previous year)

The average price of Nakagawara Apartment was 187,500 JPY/sq.m. The market value represents a decrease of 32,500 JPY (-14.8%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 27.8 years old (a +27.6% increase compared to the 21.8 years old of last year.). The average size of the real estate was 80.0 sq.m (a +6.7% increase compared to the 75.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 21.8 years old in 2018 and 27.8 years old in 2019; +27.6%)
  • An increase in average distance from the station (representing 7.0 min in 2018 and 8.0 min in 2019; +14.3%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2018 and 100.0% of total transactions in 2019)

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)