Kintetsu Yunoyama Line railway market report
- Type: Apartment
- Line: Kintetsu Yunoyama Line
Kinntetsuyokkaichi Isematsumoto [10 stations] - Period: 2021 - 4Q
Oct, 2021 Dec, 2021
Kintetsu Yunoyama Line Apartment market overview
The average price of Kintetsu Yunoyama Line (Kinntetsuyokkaichi to Isematsumoto) Apartment, in Oct, 2021 to Dec, 2021 was 195,238 JPY/sq.m. The market value represents a decrease of 143,102 JPY (-42.3%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 2 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 27.4 years old (a +104.3% increase compared to the 13.4 years old of last year.). The average size of the real estate was 80.0 sq.m (a +11.6% increase compared to the 71.7 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station.
0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations.
The top 1 stations has seen prices increase -42.3% (-143,102 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -42.3% (-143,102 JPY/sq.m).
Causes of price decreases
- A dramatic increase in average age of the building (representing 13.4 years old in 2020 and 27.4 years old in 2021; +104.3%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 16.7% of total transactions in 2020 and 66.7% of total transactions in 2021)
Apartment stations market overview
The average price of Kinntetsuyokkaichi Apartment, the highest market value along this railway was 195,238 JPY/sq.m. The market value represents a decrease of 143,102 JPY (-42.3%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 2 (-33.3%) 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 195,238 JPY/sq.m. The market value represents a decrease of 143,102 JPY (-42.3%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 2 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).
| Kintetsu Yunoyama Line | This year(2021) (Avg.Age,Dim.) | 1 year ago (Avg.Age,Dim.) | 2 years ago (Avg.Age,Dim.) |
|---|---|---|---|
| Kinntetsuyokkaichi | 195,238 JPYsq.m (27.43926940639269780.0sq.m) | 338,340 JPYsq.m (13.42968036529680271.7sq.m) | 284,655 JPYsq.m (23.36821917808219272.0sq.m) |
| Nakagawara | - | - | 187,500 JPYsq.m (27.7698630136986380.0sq.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 195,238 JPY/sq.m (-42% compared with the previous year)
The average price of Kinntetsuyokkaichi Apartment was 195,238 JPY/sq.m. The market value represents a decrease of 143,102 JPY (-42.3%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 2 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 27.4 years old (a +104.3% increase compared to the 13.4 years old of last year.). The average size of the real estate was 80.0 sq.m (a +11.6% increase compared to the 71.7 sq.m of last year.).
Causes of price decreases
- A dramatic increase in average age of the building (representing 13.4 years old in 2020 and 27.4 years old in 2021; +104.3%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 16.7% of total transactions in 2020 and 66.7% of total transactions in 2021)
Breakdown of each segment
Station: Segment:
