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, 2020 to Mar, 2020 was 265,014 JPY/sq.m. The market value represents an increase of 78,688 JPY (+42.2%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 1 (+20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.2 years old (a -29.0% decrease compared to the 28.4 years old of last year.). The average size of the real estate was 75.8 sq.m (a +18.5% increase compared to the 64.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 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 20% compared to last year. The most dramatic price increase was at Kinntetsuyokkaichi station, where prices have increased +55.8% compared to last year; a sq.m unit now costs 290,229 JPY/sq.m.

The top 1 stations has seen prices increase +55.8% (+103,903 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +55.8% (+103,903 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 28.4 years old in 2019 and 20.2 years old in 2020; -29.0%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 80.0% of total transactions in 2019 and 33.3% of total transactions in 2020)

Causes of price decreases

  • An increase in average distance from the station (representing 7.2 min in 2019 and 8.2 min in 2020; +13.4%)
  • An decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 20.0% of total transactions in 2019 and 16.7% of total transactions in 2020)

Apartment stations market overview

The average price of Kinntetsuyokkaichi Apartment, the highest market value along this railway was 290,229 JPY/sq.m. The market value represents an increase of 103,903 JPY (+55.8%) compared to 1 year ago and a transition to a dramatic 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 Kinntetsuyokkaichi Apartment, the lowest market value along this railway was 290,229 JPY/sq.m. The market value represents an increase of 103,903 JPY (+55.8%) compared to 1 year ago and a transition to a dramatic 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.).

Kintetsu Yunoyama Line (Stations Apartment market overview)
Kintetsu Yunoyama LineThis year(2020)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kinntetsuyokkaichi290,229 JPYsq.m
(19.76438356164383671.2sq.m)
186,326 JPYsq.m
(28.41808219178082264.0sq.m)
303,301 JPYsq.m
(16.2109589041095975.0sq.m)
Nakagawara266,667 JPYsq.m
(13.0109589041095990.0sq.m)
--
Isematsumoto162,500 JPYsq.m
(29.0219178082191880.0sq.m)
-127,143 JPYsq.m
(27.01917808219178270.0sq.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

Kinntetsuyokkaichi290,229 JPY/sq.m (+56% compared with the previous year)

The average price of Kinntetsuyokkaichi Apartment was 290,229 JPY/sq.m. The market value represents an increase of 103,903 JPY (+55.8%) compared to 1 year ago and a transition to a dramatic 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 19.8 years old (a -30.5% decrease compared to the 28.4 years old of last year.). The average size of the real estate was 71.2 sq.m (a +11.3% increase compared to the 64.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 28.4 years old in 2019 and 19.8 years old in 2020; -30.5%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 80.0% of total transactions in 2019 and 25.0% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.2 min in 2019 and 9.2 min in 2020; +28.5%)

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)