Kintetsu Ikoma Line Home market overview

The average price of a sq.m Home of Kintetsu Ikoma Line (Ouji to Ikoma), in Oct, 2015 to Dec, 2015 was 172,305 JPY/sq.m. The market value represents an increase of 43,751 JPY (+34.0%) compared to 1 year ago and a transition to a dramatic market. 31 properties exchanged hands ( The market value represents a decrease of 3 (-8.8%) compared to 1 year ago and a transition to a bear market.).

The average age of the real estate was 23.8 years old (a +8.7% increase compared to the 21.9 years old of last year.). The average size of the real estate was 208.7 sq.m (a +17.1% increase compared to the 178.2 sq.m of last year.). The average total floor space of the real estate was 113.4 sq.m (a -10.8% decrease compared to the 127.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving older buildings over 40 years old, as well as a dramatic increase in transactions involving very large size more than 200 sq.m.

6 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was the same as last year. Shigisannshita, Motosannjouguchi, Ichibu, Ikoma station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Ikoma station, where prices have increased +73.5% compared to last year; a sq.m unit now costs 237,449 JPY/sq.m.

The top 2 stations has seen prices increase +69.2% (+65,050 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -2.5% (-10,615 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 60.6% of total transactions in 2014 and 46.4% of total transactions in 2015)

Causes of price decreases

  • An increase in average distance from the station (representing 14.4 min in 2014 and 16.7 min in 2015; +15.9%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 3.0% of total transactions in 2014 and 14.3% of total transactions in 2015)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 24.2% of total transactions in 2014 and 17.9% 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 Ikoma, the highest market value along this railway was 237,449 JPY/sq.m. The market value represents an increase of 100,555 JPY (+73.5%) compared to 1 year ago and a transition to a dramatic 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 price of a sq.m Home of Motosannjouguchi, the lowest market value along this railway was 75,000 JPY/sq.m. The market value represents an increase of 29,546 JPY (+65.0%) compared to 1 year ago and a transition to a dramatic market. 1 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
Ouji190,643 JPY (19.1Y/172.0sq.m)170,510 JPY (11.9Y/187.5sq.m)181,117 JPY (13.7Y/185.2sq.m)
Shigisannshita86,956 JPY (31.8Y/210.0sq.m)55,330 JPY (32.8Y/205.0sq.m)130,026 JPY (17.6Y/183.0sq.m)
Seyakitaguchi-105,094 JPY (33.8Y/286.7sq.m)55,403 JPY (42.3Y/197.5sq.m)
Tatsutagawa68,452 JPY (40.3Y/250.0sq.m)-127,948 JPY (17.0Y/215.0sq.m)
Heguri-60,758 JPY (34.1Y/220.0sq.m)108,612 JPY (27.3Y/215.0sq.m)
Motosannjouguchi75,000 JPY (37.8Y/210.0sq.m)45,454 JPY (35.8Y/220.0sq.m)-
Higashiyama216,110 JPY (10.3Y/192.5sq.m)249,762 JPY (4.3Y/180.0sq.m)291,304 JPY (1.3Y/205.0sq.m)
Haginodai149,350 JPY (32.3Y/325.0sq.m)--
Minamiikoma159,774 JPY (22.1Y/200.0sq.m)147,352 JPY (18.3Y/117.5sq.m)230,842 JPY (7.4Y/185.0sq.m)
Ichibu76,250 JPY (38.3Y/225.0sq.m)50,666 JPY (36.3Y/62.5sq.m)360,952 JPY (0.8Y/170.0sq.m)
Nabata-71,666 JPY (37.8Y/65.0sq.m)-
Ikoma237,449 JPY (23.0Y/226.7sq.m)136,894 JPY (20.5Y/166.4sq.m)156,202 JPY (31.7Y/249.7sq.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

Ikoma237,449 JPY/sq.m (+73% compared with the previous year)

The average price of a sq.m Home of Ikoma was 237,449 JPY/sq.m. The market value represents an increase of 100,555 JPY (+73.5%) compared to 1 year ago and a transition to a dramatic 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 23.0 years old (a +12.1% increase compared to the 20.5 years old of last year.). The average size of the real estate was 226.7 sq.m (a +36.2% increase compared to the 166.4 sq.m of last year.). The average total floor space of the real estate was 143.0 sq.m (a +11.2% increase compared to the 128.6 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 19.6 min in 2014 and 12.5 min in 2015; -36.1%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 14.3% of total transactions in 2014 and 40.0% of total transactions in 2015)

Causes of price decreases

  • An increase in average age of the building (representing 20.5 years old in 2014 and 23.0 years old in 2015; +12.1%)

Motosannjouguchi75,000 JPY/sq.m (+65% compared with the previous year)

The average price of a sq.m Home of Motosannjouguchi was 75,000 JPY/sq.m. The market value represents an increase of 29,546 JPY (+65.0%) 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 37.8 years old (a +5.6% increase compared to the 35.8 years old of last year.). The average size of the real estate was 210.0 sq.m (a -4.5% decrease compared to the 220.0 sq.m of last year.). The average total floor space of the real estate was 100.0 sq.m (a -9.1% decrease compared to the 110.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 19.0 min in 2014 and 15.0 min in 2015; -21.1%)
  • 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)

Higashiyama216,110 JPY/sq.m (-13% compared with the previous year)

The average price of a sq.m Home of Higashiyama was 216,110 JPY/sq.m. The market value represents a decrease of 33,651 JPY (-13.5%) compared to 1 year ago and a transition to a weak market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 10.3 years old (a +141.0% increase compared to the 4.3 years old of last year.). The average size of the real estate was 192.5 sq.m (a +6.9% increase compared to the 180.0 sq.m of last year.). The average total floor space of the real estate was 106.2 sq.m (a +3.7% increase compared to the 102.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 4.3 years old in 2014 and 10.3 years old in 2015; +141.0%)
  • A dramatic increase in average distance from the station (representing 6.5 min in 2014 and 9.5 min in 2015; +46.2%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 50.0% of total transactions in 2014 and 25.0% of total transactions in 2015)

Minamiikoma159,774 JPY/sq.m (+8% compared with the previous year)

The average price of a sq.m Home of Minamiikoma was 159,774 JPY/sq.m. The market value represents an increase of 12,422 JPY (+8.4%) compared to 1 year ago and a transition to a strong market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 22.1 years old (a +21.0% increase compared to the 18.3 years old of last year.). The average size of the real estate was 200.0 sq.m (a +70.2% increase compared to the 117.5 sq.m of last year.). The average total floor space of the real estate was 110.0 sq.m (a +18.9% increase compared to the 92.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2014 and 33.3% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.3 years old in 2014 and 22.1 years old in 2015; +21.0%)
  • A dramatic increase in average distance from the station (representing 9.0 min in 2014 and 12.7 min in 2015; +40.7%)

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)