Kintetsu Ikoma Line Home market overview

The average price of a sq.m Home of Kintetsu Ikoma Line (Ouji to Ikoma), in Jul, 2015 to Sep, 2015 was 169,838 JPY/sq.m. The market value represents an increase of 6,315 JPY (+3.9%) compared to 1 year ago and a transition to a some market. 29 properties exchanged hands ( The market value represents a decrease of 7 (-19.4%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 23.4 years old (a +27.6% increase compared to the 18.4 years old of last year.). The average size of the real estate was 249.3 sq.m (a -6.2% decrease compared to the 265.7 sq.m of last year.). The average total floor space of the real estate was 197.1 sq.m (a +4.9% increase compared to the 187.9 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, as well as a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

3 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Seyakitaguchi, Nabata station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nabata station, where prices have increased +74.8% compared to last year; a sq.m unit now costs 162,162 JPY/sq.m.

The top 2 stations has seen prices increase +49.1% (+46,596 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -36.3% (-67,361 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 18.3 min in 2014 and 15.2 min in 2015; -17.1%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 5.6% of total transactions in 2014 and 13.8% of total transactions in 2015)
  • An decrease in transactions involving older buildings over 40 years old (representing 16.7% of total transactions in 2014 and 14.3% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.4 years old in 2014 and 23.4 years old in 2015; +27.6%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2014 and 50.0% of total transactions in 2015)
  • An decrease in transactions involving nearly new buildings under 3 years old (representing 33.3% of total transactions in 2014 and 28.6% of total transactions in 2015)

Breakdown of each segment

The table below shows Home dealt in Kintetsu Ikoma 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 Higashiyama, the highest market value along this railway was 300,000 JPY/sq.m. The market value represents an increase of 13,636 JPY (+4.8%) compared to 1 year ago and a transition to a some market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Shigisannshita, the lowest market value along this railway was 55,767 JPY/sq.m. The market value represents a decrease of 37,414 JPY (-40.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

Kintetsu Ikoma Line (Stations Home market overview)
Kintetsu Ikoma LineThis year(2015)1 year ago2 years ago
Ouji158,472 JPY (20.0Y/150.0sq.m)175,050 JPY (12.2Y/165.4sq.m)145,623 JPY (18.1Y/151.2sq.m)
Shigisannshita55,767 JPY (30.1Y/1087.5sq.m)93,182 JPY (19.5Y/170.0sq.m)151,371 JPY (20.3Y/237.0sq.m)
Seyakitaguchi125,142 JPY (23.0Y/295.0sq.m)101,320 JPY (36.0Y/228.8sq.m)145,948 JPY (21.7Y/203.3sq.m)
Tatsutagawa-36,632 JPY (25.0Y/235.0sq.m)142,857 JPY (17.5Y/220.0sq.m)
Heguri--88,839 JPY (30.5Y/220.0sq.m)
Motosannjouguchi300,000 JPY (0.0Y/260.0sq.m)-67,617 JPY (39.2Y/208.3sq.m)
Higashiyama300,000 JPY (0.5Y/165.0sq.m)286,364 JPY (2.0Y/205.0sq.m)-
Haginodai---
Minamiikoma202,692 JPY (20.5Y/187.5sq.m)300,000 JPY (0.5Y/200.0sq.m)158,558 JPY (21.7Y/375.0sq.m)
Ichibu-209,090 JPY (5.5Y/145.0sq.m)236,987 JPY (11.1Y/162.0sq.m)
Nabata162,162 JPY (38.5Y/580.0sq.m)92,793 JPY (30.0Y/230.0sq.m)75,000 JPY (37.5Y/85.0sq.m)
Ikoma179,986 JPY (25.8Y/151.5sq.m)185,395 JPY (21.1Y/464.0sq.m)213,198 JPY (19.1Y/173.5sq.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

Nabata162,162 JPY/sq.m (+75% compared with the previous year)

The average price of a sq.m Home of Nabata was 162,162 JPY/sq.m. The market value represents an increase of 69,369 JPY (+74.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 38.5 years old (a +28.3% increase compared to the 30.0 years old of last year.). The average size of the real estate was 580.0 sq.m (a +152.2% increase compared to the 230.0 sq.m of last year.). The average total floor space of the real estate was 185.0 sq.m (a +64.4% increase compared to the 112.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 8.5 min in 2014 and 2.0 min in 2015; -76.5%)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2014 and 100.0% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 30.0 years old in 2014 and 38.5 years old in 2015; +28.3%)

Seyakitaguchi125,142 JPY/sq.m (+24% compared with the previous year)

The average price of a sq.m Home of Seyakitaguchi was 125,142 JPY/sq.m. The market value represents an increase of 23,822 JPY (+23.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 23.0 years old (a -36.1% decrease compared to the 36.0 years old of last year.). The average size of the real estate was 295.0 sq.m (a +29.0% increase compared to the 228.8 sq.m of last year.). The average total floor space of the real estate was 140.0 sq.m (a +17.9% increase compared to the 118.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 36.0 years old in 2014 and 23.0 years old in 2015; -36.1%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 25.0% of total transactions in 2014 and 50.0% of total transactions in 2015)

Shigisannshita55,767 JPY/sq.m (-40% compared with the previous year)

The average price of a sq.m Home of Shigisannshita was 55,767 JPY/sq.m. The market value represents a decrease of 37,414 JPY (-40.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 30.1 years old (a +54.3% increase compared to the 19.5 years old of last year.). The average size of the real estate was 1087.5 sq.m (a +539.7% increase compared to the 170.0 sq.m of last year.). The average total floor space of the real estate was 855.0 sq.m (a +612.5% increase compared to the 120.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 19.5 years old in 2014 and 30.1 years old in 2015; +54.3%)
  • A dramatic increase in average distance from the station (representing 10.5 min in 2014 and 21.0 min in 2015; +100.0%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2014 and 100.0% of total transactions in 2015)

Minamiikoma202,692 JPY/sq.m (-32% compared with the previous year)

The average price of a sq.m Home of Minamiikoma was 202,692 JPY/sq.m. The market value represents a decrease of 97,308 JPY (-32.4%) 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 20.5 years old (a +3970.1% increase compared to the 0.5 years old of last year.). The average size of the real estate was 187.5 sq.m (a -6.2% decrease compared to the 200.0 sq.m of last year.). The average total floor space of the real estate was 115.0 sq.m (a +4.5% increase compared to the 110.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 0.5 years old in 2014 and 20.5 years old in 2015; +3970.1%)
  • A dramatic increase in average distance from the station (representing 7.0 min in 2014 and 14.5 min in 2015; +107.1%)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 100.0% of total transactions in 2014 and 50.0% of total transactions in 2015)

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)