Kintetsu Yunoyama Line railway market report
- Type: Apartment
- Line: Kintetsu Yunoyama Line
Kinntetsuyokkaichi Isematsumoto [10 stations] - Period: 2020 - 4Q
Oct, 2020 Dec, 2020
Kintetsu Yunoyama Line Apartment market overview
The average price of Kintetsu Yunoyama Line (Kinntetsuyokkaichi to Isematsumoto) Apartment, in Oct, 2020 to Dec, 2020 was 338,340 JPY/sq.m. The market value represents an increase of 69,878 JPY (+26.0%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands (It was the same as last year.).
The average age of the real estate was 13.4 years old (a -44.3% decrease compared to the 24.1 years old of last year.). The average size of the real estate was 71.7 sq.m (a -2.3% decrease compared to the 73.3 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.
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 10% compared to last year. The most dramatic price increase was at Kinntetsuyokkaichi station, where prices have increased +18.9% compared to last year; a sq.m unit now costs 338,340 JPY/sq.m.
The top 1 stations has seen prices increase +18.9% (+53,685 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +18.9% (+53,685 JPY/sq.m).
Cause of price increases
- A dramatic decrease in average age of the building (representing 24.1 years old in 2019 and 13.4 years old in 2020; -44.3%)
- A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2019 and 16.7% of total transactions in 2020)
Causes of price decreases
- A dramatic increase in average distance from the station (representing 6.8 min in 2019 and 10.0 min in 2020; +46.3%)
- A slight decrease in transactions involving recently constructed buildings under 6 years old (representing 16.7% 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 338,340 JPY/sq.m. The market value represents an increase of 53,685 JPY (+18.9%) compared to 1 year ago and a transition to a bull 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 price of Kinntetsuyokkaichi Apartment, the lowest market value along this railway was 338,340 JPY/sq.m. The market value represents an increase of 53,685 JPY (+18.9%) compared to 1 year ago and a transition to a bull 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.).
| Kintetsu Yunoyama Line | This year(2020) (Avg.Age,Dim.) | 1 year ago (Avg.Age,Dim.) | 2 years ago (Avg.Age,Dim.) |
|---|---|---|---|
| Kinntetsuyokkaichi | 338,340 JPYsq.m (13.42968036529680271.7sq.m) | 284,655 JPYsq.m (23.36821917808219272.0sq.m) | 257,616 JPYsq.m (19.01575342465753676.2sq.m) |
| Nakagawara | - | 187,500 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
Kinntetsuyokkaichi 338,340 JPY/sq.m (+19% compared with the previous year)
The average price of Kinntetsuyokkaichi Apartment was 338,340 JPY/sq.m. The market value represents an increase of 53,685 JPY (+18.9%) compared to 1 year ago and a transition to a bull 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 13.4 years old (a -42.5% decrease compared to the 23.4 years old of last year.). The average size of the real estate was 71.7 sq.m (a -0.5% decrease compared to the 72.0 sq.m of last year.).
Cause of price increases
- A dramatic decrease in average age of the building (representing 23.4 years old in 2019 and 13.4 years old in 2020; -42.5%)
- An decrease in transactions involving relatively old buildings under 40 years old (representing 20.0% of total transactions in 2019 and 16.7% of total transactions in 2020)
Causes of price decreases
- A dramatic increase in average distance from the station (representing 6.6 min in 2019 and 10.0 min in 2020; +51.5%)
- An decrease in transactions involving recently constructed buildings under 6 years old (representing 20.0% of total transactions in 2019 and 16.7% of total transactions in 2020)
Breakdown of each segment
Station: Segment:
