Kintetsu Yunoyama Line railway market report

Kintetsu Yunoyama Line Apartment market overview

The average price of Kintetsu Yunoyama Line (Kinntetsuyokkaichi to Isematsumoto) Apartment, in Apr, 2021 to Jun, 2021 was 307,420 JPY/sq.m. The market value represents an increase of 40,799 JPY (+15.3%) compared to 1 year ago and a transition to a bull market. 8 properties exchanged hands ( The market value represents an increase of 3 (+60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.9 years old (a -4.0% decrease compared to the 21.8 years old of last year.). The average size of the real estate was 70.6 sq.m (a -3.3% decrease compared to the 73.0 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 10% compared to last year. The most dramatic price increase was at Kinntetsuyokkaichi station, where prices have increased +16.5% compared to last year; a sq.m unit now costs 310,521 JPY/sq.m.

The top 1 stations has seen prices increase +16.5% (+43,900 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +16.5% (+43,900 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 20.0% of total transactions in 2020 and 25.0% of total transactions in 2021)

Causes of price decreases

  • An increase in average distance from the station (representing 8.6 min in 2020 and 9.6 min in 2021; +11.9%)

Apartment stations market overview

The average price of Kinntetsuyokkaichi Apartment, the highest market value along this railway was 310,521 JPY/sq.m. The market value represents an increase of 43,900 JPY (+16.5%) compared to 1 year ago and a transition to a bull market. 7 properties exchanged hands ( The market value represents an increase 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 310,521 JPY/sq.m. The market value represents an increase of 43,900 JPY (+16.5%) compared to 1 year ago and a transition to a bull market. 7 properties exchanged hands ( The market value represents an increase 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(2021)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kinntetsuyokkaichi310,521 JPYsq.m
(19.26575342465753670.7sq.m)
266,621 JPYsq.m
(21.76780821917808273.0sq.m)
303,185 JPYsq.m
(21.06520547945205475.0sq.m)
Nakagawara285,714 JPYsq.m
(32.27397260273972570.0sq.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

Kinntetsuyokkaichi310,521 JPY/sq.m (+16% compared with the previous year)

The average price of Kinntetsuyokkaichi Apartment was 310,521 JPY/sq.m. The market value represents an increase of 43,900 JPY (+16.5%) compared to 1 year ago and a transition to a bull market. 7 properties exchanged hands ( The market value represents an increase of 2 (+40.0%) 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 -11.5% decrease compared to the 21.8 years old of last year.). The average size of the real estate was 70.7 sq.m (a -3.1% decrease compared to the 73.0 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 21.8 years old in 2020 and 19.3 years old in 2021; -11.5%)
  • An decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2020 and 42.9% of total transactions in 2021)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.6 min in 2020 and 10.6 min in 2021; +22.9%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 20.0% of total transactions in 2020 and 14.3% of total transactions in 2021)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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