Kintetsu Gose Line Home market overview

The average price of a sq.m Home of Kintetsu Gose Line (Shakudo to Kinntetsugose), in Oct, 2013 to Dec, 2013 was 157,195 JPY/sq.m. The market value represents a decrease of 11,567 JPY (-6.9%) compared to 1 year ago and a transition to a bear market. 6 properties exchanged hands ( The market value represents a decrease of 1 (-14.3%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 16.6 years old (a -14.8% decrease compared to the 19.5 years old of last year.). The average size of the real estate was 235.0 sq.m (a +99.4% increase compared to the 117.9 sq.m of last year.). The average total floor space of the real estate was 117.5 sq.m (a +27.5% increase compared to the 92.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving relatively large size more than 100 sq.m.

2 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was the same as last year. Shakudo station has seen a price decrease of over 10% compared to last year. The most dramatic price increase was at Shakudo station, where prices have decreased -7.9% compared to last year; a sq.m unit now costs 190,706 JPY/sq.m.

The top 1 stations has seen prices increase +343.6% (+76,349 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -7.9% (-16,354 JPY/sq.m).


Cause of price increases

  • An decrease in average age of the building (representing 19.5 years old in 2012 and 16.6 years old in 2013; -14.8%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 28.6% of total transactions in 2012 and 20.0% of total transactions in 2013)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 14.3% of total transactions in 2012 and 20.0% of total transactions in 2013)

Breakdown of each segment

The table below shows Home dealt in Kintetsu Gose Line, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

Top

Home stations market overview

The average price of a sq.m Home of Kinntetsushinnjou, the highest market value along this railway was 280,000 JPY/sq.m. The market value represents an increase of 156,191 JPY (+126.2%) 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 price of a sq.m Home of Kinntetsugose, the lowest market value along this railway was 98,571 JPY/sq.m. The market value represents an increase of 76,349 JPY (+343.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

Kintetsu Gose Line (Stations Home market overview)
Kintetsu Gose LineThis year(2013)1 year ago2 years ago
Shakudo190,706 JPY (12.3Y/167.5sq.m)207,060 JPY (13.2Y/124.0sq.m)154,500 JPY (20.3Y/95.0sq.m)
Kinntetsushinnjou280,000 JPY (0.8Y/200.0sq.m)123,809 JPY (30.8Y/150.0sq.m)225,654 JPY (5.4Y/118.8sq.m)
Oshimi84,615 JPY (42.8Y/340.0sq.m)--
Kinntetsugose98,571 JPY (14.8Y/267.5sq.m)22,222 JPY (39.8Y/55.0sq.m)-
*Average unit prices per sq.m of Home 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.
Top

Noteworthy stations

Kinntetsugose98,571 JPY/sq.m (+344% compared with the previous year)

The average price of a sq.m Home of Kinntetsugose was 98,571 JPY/sq.m. The market value represents an increase of 76,349 JPY (+343.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 14.8 years old (a -62.9% decrease compared to the 39.8 years old of last year.). The average size of the real estate was 267.5 sq.m (a +386.4% increase compared to the 55.0 sq.m of last year.). The average total floor space of the real estate was 132.5 sq.m (a +194.4% increase compared to the 45.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 39.8 years old in 2012 and 14.8 years old in 2013; -62.9%)
  • A dramatic decrease in average distance from the station (representing 15.0 min in 2012 and 11.0 min in 2013; -26.7%)

Shakudo190,706 JPY/sq.m (-8% compared with the previous year)

The average price of a sq.m Home of Shakudo was 190,706 JPY/sq.m. The market value represents a decrease of 16,354 JPY (-7.9%) compared to 1 year ago and a transition to a bear market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 12.3 years old (a -6.2% decrease compared to the 13.2 years old of last year.). The average size of the real estate was 167.5 sq.m (a +35.1% increase compared to the 124.0 sq.m of last year.). The average total floor space of the real estate was 105.0 sq.m (a +6.1% increase compared to the 99.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.8 min in 2012 and 13.0 min in 2013; +20.4%)

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)