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 Sep, 2020 was 287,002 JPY/sq.m. The market value represents an increase of 37,697 JPY (+15.1%) compared to 1 year ago and a transition to a bull market. 13 properties exchanged hands ( The market value represents a decrease of 10 (-43.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.3 years old (a -18.4% decrease compared to the 23.6 years old of last year.). The average size of the real estate was 74.2 sq.m (a +3.8% increase compared to the 71.5 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.

2 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was toward increased prices. Nakagawara station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nakagawara station, where prices have increased +72.6% compared to last year; a sq.m unit now costs 266,667 JPY/sq.m.

The top 1 stations has seen prices increase +72.6% (+112,202 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +16.2% (+41,831 JPY/sq.m).

Cause of price increases

  • An decrease in average age of the building (representing 23.6 years old in 2019 and 19.3 years old in 2020; -18.4%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2019 and 33.3% of total transactions in 2020)

Causes of price decreases

  • An decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 17.4% of total transactions in 2019 and 15.4% of total transactions in 2020)

Apartment stations market overview

The average price of Kinntetsuyokkaichi Apartment, the highest market value along this railway was 300,169 JPY/sq.m. The market value represents an increase of 41,831 JPY (+16.2%) compared to 1 year ago and a transition to a bull market. 11 properties exchanged hands ( The market value represents a decrease of 10 (-47.6%) 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 266,667 JPY/sq.m. The market value represents an increase of 112,202 JPY (+72.6%) compared to 1 year ago and a transition to a dramatic 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(2020)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kinntetsuyokkaichi300,169 JPYsq.m
(18.91534246575342672.3sq.m)
258,338 JPYsq.m
(23.04191780821917571.2sq.m)
254,227 JPYsq.m
(19.4214041095890472.9sq.m)
Nakagawara266,667 JPYsq.m
(13.0109589041095990.0sq.m)
154,464 JPYsq.m
(29.14657534246575275.0sq.m)
196,667 JPYsq.m
(20.93333333333333470.0sq.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

Nakagawara266,667 JPY/sq.m (+73% compared with the previous year)

The average price of Nakagawara Apartment was 266,667 JPY/sq.m. The market value represents an increase of 112,202 JPY (+72.6%) compared to 1 year ago and a transition to a dramatic 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 13.0 years old (a -55.4% decrease compared to the 29.1 years old of last year.). The average size of the real estate was 90.0 sq.m (a +20.0% increase compared to the 75.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 29.1 years old in 2019 and 13.0 years old in 2020; -55.4%)
  • A dramatic decrease in average distance from the station (representing 5.5 min in 2019 and 4.0 min in 2020; -27.3%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 50.0% of total transactions in 2019 and 100.0% of total transactions in 2020)

Kinntetsuyokkaichi300,169 JPY/sq.m (+16% compared with the previous year)

The average price of Kinntetsuyokkaichi Apartment was 300,169 JPY/sq.m. The market value represents an increase of 41,831 JPY (+16.2%) compared to 1 year ago and a transition to a bull market. 11 properties exchanged hands ( The market value represents a decrease of 10 (-47.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 18.9 years old (a -17.9% decrease compared to the 23.0 years old of last year.). The average size of the real estate was 72.3 sq.m (a +1.5% increase compared to the 71.2 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 23.0 years old in 2019 and 18.9 years old in 2020; -17.9%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 45.0% of total transactions in 2019 and 30.0% of total transactions in 2020)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.3% of total transactions in 2019 and 9.1% 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)