Kintetsu Yunoyama Line railway market report
- Type: Apartment
- Line: Kintetsu Yunoyama Line
Kinntetsuyokkaichi Isematsumoto [10 stations] - Period: 2021 - FY
Jan, 2021 Dec, 2021
Kintetsu Yunoyama Line Apartment market overview
The average price of Kintetsu Yunoyama Line (Kinntetsuyokkaichi to Isematsumoto) Apartment, in Jan, 2021 to Dec, 2021 was 283,840 JPY/sq.m. The market value represents a decrease of 23,380 JPY (-7.6%) compared to 1 year ago and a transition to a bear market. 27 properties exchanged hands ( The market value represents an increase of 7 (+35.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 20.8 years old (a +15.5% increase compared to the 18.0 years old of last year.). The average size of the real estate was 77.4 sq.m (a +6.4% increase compared to the 72.8 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old.
0 stations have experienced increased prices; 3 stations have experienced decreased prices. The market value decreased in all stations. Kinntetsuyokkaichi, Nakagawara station has seen a price decrease of over 10% compared to last year. The most dramatic price increase was at Isematsumoto station, where prices have decreased -26.9% compared to last year; a sq.m unit now costs 118,750 JPY/sq.m.
The top 1 stations has seen prices increase -6.6% (-21,059 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -26.9% (-43,750 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 15.0% of total transactions in 2020 and 18.5% of total transactions in 2021)
Causes of price decreases
- An increase in average age of the building (representing 18.0 years old in 2020 and 20.8 years old in 2021; +15.5%)
- An increase in average distance from the station (representing 8.8 min in 2020 and 9.7 min in 2021; +10.5%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 31.6% of total transactions in 2020 and 50.0% of total transactions in 2021)
Apartment stations market overview
The average price of Kinntetsuyokkaichi Apartment, the highest market value along this railway was 296,454 JPY/sq.m. The market value represents a decrease of 21,059 JPY (-6.6%) compared to 1 year ago and a transition to a bear market. 23 properties exchanged hands ( The market value represents an increase of 5 (+27.8%) compared to 1 year ago and a transition to a dramatic market.).
The average price of Isematsumoto Apartment, the lowest market value along this railway was 118,750 JPY/sq.m. The market value represents a decrease of 43,750 JPY (-26.9%) 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 | This year(2021) (Avg.Age,Dim.) | 1 year ago (Avg.Age,Dim.) | 2 years ago (Avg.Age,Dim.) |
|---|---|---|---|
| Kinntetsuyokkaichi | 296,454 JPYsq.m (19.629389788293977.4sq.m) | 317,513 JPYsq.m (17.66220789685737571.4sq.m) | 258,338 JPYsq.m (23.04191780821917571.2sq.m) |
| Nakagawara | 242,166 JPYsq.m (26.27031963470319676.7sq.m) | 266,667 JPYsq.m (13.0109589041095990.0sq.m) | 154,464 JPYsq.m (29.14657534246575275.0sq.m) |
| Isematsumoto | 118,750 JPYsq.m (30.52602739726027580.0sq.m) | 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
Kinntetsuyokkaichi 296,454 JPY/sq.m (-7% compared with the previous year)
The average price of Kinntetsuyokkaichi Apartment was 296,454 JPY/sq.m. The market value represents a decrease of 21,059 JPY (-6.6%) compared to 1 year ago and a transition to a bear market. 23 properties exchanged hands ( The market value represents an increase of 5 (+27.8%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 19.6 years old (a +11.1% increase compared to the 17.7 years old of last year.). The average size of the real estate was 77.4 sq.m (a +8.4% increase compared to the 71.4 sq.m of last year.).
Causes of price decreases
- An increase in average age of the building (representing 17.7 years old in 2020 and 19.6 years old in 2021; +11.1%)
- An increase in average distance from the station (representing 9.1 min in 2020 and 10.6 min in 2021; +16.7%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 29.4% of total transactions in 2020 and 45.5% of total transactions in 2021)
Isematsumoto 118,750 JPY/sq.m (-27% compared with the previous year)
The average price of Isematsumoto Apartment was 118,750 JPY/sq.m. The market value represents a decrease of 43,750 JPY (-26.9%) 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 30.5 years old (a +5.2% increase compared to the 29.0 years old of last year.). The average size of the real estate was 80.0 sq.m (a +0.0% decrease compared to the 80.0 sq.m of last year.).
Cause of price increases
- A dramatic decrease in average distance from the station (representing 8.0 min in 2020 and 6.0 min in 2021; -25.0%)
- A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2020 and 100.0% of total transactions in 2021)
Breakdown of each segment
Station: Segment:
