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 397,059 JPY/sq.m. The market value represents an increase of 168,306 JPY (+73.6%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 3 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.9 years old (a -15.7% decrease compared to the 21.2 years old of last year.). The average size of the real estate was 68.3 sq.m (a -5.7% 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 +58.7% compared to last year; a sq.m unit now costs 397,059 JPY/sq.m.

The top 1 stations has seen prices increase +58.7% (+146,841 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +58.7% (+146,841 JPY/sq.m).

Cause of price increases

  • An decrease in average age of the building (representing 21.2 years old in 2019 and 17.9 years old in 2020; -15.7%)
  • 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 33.3% of total transactions in 2020)

Apartment stations market overview

The average price of Kinntetsuyokkaichi Apartment, the highest market value along this railway was 397,059 JPY/sq.m. The market value represents an increase of 146,841 JPY (+58.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) 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 397,059 JPY/sq.m. The market value represents an increase of 146,841 JPY (+58.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) 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.)
Kinntetsuyokkaichi397,059 JPYsq.m
(17.8502283105022868.3sq.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

Kinntetsuyokkaichi397,059 JPY/sq.m (+59% compared with the previous year)

The average price of Kinntetsuyokkaichi Apartment was 397,059 JPY/sq.m. The market value represents an increase of 146,841 JPY (+58.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.9 years old (a -7.6% decrease compared to the 19.3 years old of last year.). The average size of the real estate was 68.3 sq.m (a -6.4% decrease compared to the 73.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 9.0 min in 2019 and 7.7 min in 2020; -14.8%)
  • 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 33.3% of total transactions in 2020)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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Corporate Profile

Company Name Utinokati
Utinokati Real estate media providing price quotes and price trends for condominiums, homes, land and rental properties in 250,000 locations nationwide, along more than 20,000 train lines and stations, as well as rent quotes and rent trends.
Totinokati Real estate media providing public land prices, roadside land prices (inheritance tax assessed values), and property tax assessed values for 10,000 areas and station areas nationwide, based on the Ministry of Land, Infrastructure, Transport and Tourism's public notice of land prices.
Location Kudanminami 1-5-6, Chiyoda-ku, Tokyo, Japan
Foundation November, 2014
Mission Our mission is to use past real estate transaction data to visualize real estate pricing across Japan and offer that information to users in a convenient fashion.