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, 2021 to Mar, 2021 was 382,047 JPY/sq.m. The market value represents an increase of 117,033 JPY (+44.2%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 1 (+16.7%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 17.9 years old (a -11.5% decrease compared to the 20.2 years old of last year.). The average size of the real estate was 84.3 sq.m (a +11.1% increase compared to the 75.8 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; 1 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 +45.2% compared to last year; a sq.m unit now costs 421,277 JPY/sq.m.

The top 1 stations has seen prices increase +45.2% (+131,048 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -45.0% (-120,000 JPY/sq.m).

Cause of price increases

  • An decrease in average age of the building (representing 20.2 years old in 2020 and 17.9 years old in 2021; -11.5%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 16.7% of total transactions in 2020 and 28.6% of total transactions in 2021)

Causes of price decreases

  • An increase in average distance from the station (representing 8.2 min in 2020 and 9.1 min in 2021; +12.0%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2020 and 42.9% of total transactions in 2021)

Apartment stations market overview

The average price of Kinntetsuyokkaichi Apartment, the highest market value along this railway was 421,277 JPY/sq.m. The market value represents an increase of 131,048 JPY (+45.2%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 2 (+50.0%) 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 146,667 JPY/sq.m. The market value represents a decrease of 120,000 JPY (-45.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

Kintetsu Yunoyama Line (Stations Apartment market overview)
Kintetsu Yunoyama LineThis year(2021)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kinntetsuyokkaichi421,277 JPYsq.m
(15.5109589041095985.8sq.m)
290,229 JPYsq.m
(19.76438356164383671.2sq.m)
186,326 JPYsq.m
(28.41808219178082264.0sq.m)
Nakagawara146,667 JPYsq.m
(32.0219178082191875.0sq.m)
266,667 JPYsq.m
(13.0109589041095990.0sq.m)
-
Isematsumoto-162,500 JPYsq.m
(29.0219178082191880.0sq.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

Kinntetsuyokkaichi421,277 JPY/sq.m (+45% compared with the previous year)

The average price of Kinntetsuyokkaichi Apartment was 421,277 JPY/sq.m. The market value represents an increase of 131,048 JPY (+45.2%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 2 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 15.5 years old (a -21.5% decrease compared to the 19.8 years old of last year.). The average size of the real estate was 85.8 sq.m (a +20.5% increase compared to the 71.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 19.8 years old in 2020 and 15.5 years old in 2021; -21.5%)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2020 and 33.3% of total transactions in 2021)

Nakagawara146,667 JPY/sq.m (-45% compared with the previous year)

The average price of Nakagawara Apartment was 146,667 JPY/sq.m. The market value represents a decrease of 120,000 JPY (-45.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 32.0 years old (a +146.1% increase compared to the 13.0 years old of last year.). The average size of the real estate was 75.0 sq.m (a -16.7% decrease compared to the 90.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 13.0 years old in 2020 and 32.0 years old in 2021; +146.1%)
  • A dramatic increase in average distance from the station (representing 4.0 min in 2020 and 5.0 min in 2021; +25.0%)
  • A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 100.0% of total transactions in 2020 and 100.0% of total transactions in 2021)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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