Kintetsu Yunoyama Line railway market report

Kintetsu Yunoyama Line Apartment market overview

The average price of Kintetsu Yunoyama Line (Kinntetsuyokkaichi to Isematsumoto) Apartment, in Jul, 2020 to Sep, 2020 was 403,922 JPY/sq.m. The market value represents an increase of 175,169 JPY (+76.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 11.5 years old (a -45.7% decrease compared to the 21.2 years old of last year.). The average size of the real estate was 72.5 sq.m (a +0.0% decrease compared to the 72.5 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 +61.4% compared to last year; a sq.m unit now costs 403,922 JPY/sq.m.

The top 1 stations has seen prices increase +61.4% (+153,704 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +61.4% (+153,704 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 21.2 years old in 2019 and 11.5 years old in 2020; -45.7%)
  • A dramatic decrease in average distance from the station (representing 8.0 min in 2019 and 5.0 min in 2020; -37.5%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 16.7% of total transactions in 2019 and 50.0% of total transactions in 2020)

Apartment stations market overview

The average price of Kinntetsuyokkaichi Apartment, the highest market value along this railway was 403,922 JPY/sq.m. The market value represents an increase of 153,704 JPY (+61.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) 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 403,922 JPY/sq.m. The market value represents an increase of 153,704 JPY (+61.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) 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.)
Kinntetsuyokkaichi403,922 JPYsq.m
(11.51232876712328872.5sq.m)
250,217 JPYsq.m
(19.3161643835616473.0sq.m)
261,694 JPYsq.m
(18.5168949771689571.2sq.m)
Nakagawara-121,429 JPYsq.m
(30.52328767123287570.0sq.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

Kinntetsuyokkaichi403,922 JPY/sq.m (+61% compared with the previous year)

The average price of Kinntetsuyokkaichi Apartment was 403,922 JPY/sq.m. The market value represents an increase of 153,704 JPY (+61.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 11.5 years old (a -40.4% decrease compared to the 19.3 years old of last year.). The average size of the real estate was 72.5 sq.m (a -0.7% decrease compared to the 73.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 19.3 years old in 2019 and 11.5 years old in 2020; -40.4%)
  • A dramatic decrease in average distance from the station (representing 9.0 min in 2019 and 5.0 min in 2020; -44.4%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 20.0% of total transactions in 2019 and 50.0% of total transactions in 2020)

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)