Kintetsu Ikoma Line Home market overview

The average price of a sq.m Home of Kintetsu Ikoma Line (Ouji to Ikoma), in Apr, 2016 to Jun, 2016 was 162,106 JPY/sq.m. The market value represents an increase of 30,226 JPY (+22.9%) compared to 1 year ago and a transition to a dramatic market. 49 properties exchanged hands ( The market value represents an increase of 30 (+157.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 22.4 years old (a -5.9% decrease compared to the 23.9 years old of last year.). The average size of the real estate was 194.7 sq.m (a +1.8% increase compared to the 191.3 sq.m of last year.). The average total floor space of the real estate was 113.5 sq.m (a -2.5% decrease compared to the 116.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance, as well as a dramatic increase in transactions involving relatively large size more than 100 sq.m.

4 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Higashiyama station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Seyakitaguchi station, where prices have increased +230.1% compared to last year; a sq.m unit now costs 166,926 JPY/sq.m.

The top 2 stations has seen prices increase +169.1% (+106,992 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -87.3% (-135,006 JPY/sq.m).


Cause of price increases

  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 29.4% of total transactions in 2015 and 37.0% of total transactions in 2016)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 29.4% of total transactions in 2015 and 17.4% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 12.9 min in 2015 and 16.9 min in 2016; +31.2%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 29.4% of total transactions in 2015 and 41.3% of total transactions in 2016)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 26.3% of total transactions in 2015 and 2.0% of total transactions in 2016)

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 272,281 JPY/sq.m. The market value represents an increase of 62,281 JPY (+29.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Tatsutagawa, the lowest market value along this railway was 10,526 JPY/sq.m. The market value represents a decrease of 112,550 JPY (-91.4%) 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(2016)1 year ago2 years ago
Ouji168,519 JPY (18.9Y/171.2sq.m)164,176 JPY (21.4Y/183.6sq.m)226,762 JPY (27.8Y/120.0sq.m)
Shigisannshita54,394 JPY (33.4Y/220.0sq.m)-67,023 JPY (32.5Y/236.7sq.m)
Seyakitaguchi166,926 JPY (20.3Y/215.0sq.m)50,574 JPY (42.8Y/231.7sq.m)97,743 JPY (28.0Y/191.2sq.m)
Tatsutagawa10,526 JPY (51.3Y/520.0sq.m)123,076 JPY (14.3Y/330.0sq.m)-
Heguri-82,407 JPY (16.8Y/260.0sq.m)72,727 JPY (31.3Y/190.0sq.m)
Motosannjouguchi32,012 JPY (40.9Y/213.3sq.m)189,473 JPY (1.3Y/135.0sq.m)4,000 JPY (0.0Y/120.0sq.m)
Higashiyama272,281 JPY (0.9Y/178.3sq.m)210,000 JPY (1.3Y/180.0sq.m)-
Haginodai-165,217 JPY (26.4Y/200.0sq.m)145,454 JPY (33.3Y/185.0sq.m)
Minamiikoma91,000 JPY (36.3Y/135.0sq.m)--
Ichibu189,522 JPY (14.5Y/155.0sq.m)-34,666 JPY (33.3Y/65.0sq.m)
Nabata127,372 JPY (40.8Y/135.0sq.m)-37,800 JPY (26.6Y/102.5sq.m)
Ikoma187,923 JPY (21.8Y/203.8sq.m)90,292 JPY (38.3Y/96.7sq.m)155,923 JPY (32.6Y/310.8sq.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

Seyakitaguchi166,926 JPY/sq.m (+230% compared with the previous year)

The average price of a sq.m Home of Seyakitaguchi was 166,926 JPY/sq.m. The market value represents an increase of 116,352 JPY (+230.1%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 1 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.3 years old (a -52.6% decrease compared to the 42.8 years old of last year.). The average size of the real estate was 215.0 sq.m (a -7.2% decrease compared to the 231.7 sq.m of last year.). The average total floor space of the real estate was 98.8 sq.m (a -25.5% decrease compared to the 132.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 42.8 years old in 2015 and 20.3 years old in 2016; -52.6%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 100.0% of total transactions in 2015 and 25.0% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.3 min in 2015 and 9.2 min in 2016; +46.1%)

Ikoma187,923 JPY/sq.m (+108% compared with the previous year)

The average price of a sq.m Home of Ikoma was 187,923 JPY/sq.m. The market value represents an increase of 97,631 JPY (+108.1%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents an increase of 14 (+466.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.8 years old (a -43.1% decrease compared to the 38.3 years old of last year.). The average size of the real estate was 203.8 sq.m (a +110.9% increase compared to the 96.7 sq.m of last year.). The average total floor space of the real estate was 119.6 sq.m (a +66.9% increase compared to the 71.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 38.3 years old in 2015 and 21.8 years old in 2016; -43.1%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2015 and 35.7% of total transactions in 2016)

Causes of price decreases

  • An increase in average distance from the station (representing 14.3 min in 2015 and 16.7 min in 2016; +16.6%)

Tatsutagawa10,526 JPY/sq.m (-91% compared with the previous year)

The average price of a sq.m Home of Tatsutagawa was 10,526 JPY/sq.m. The market value represents a decrease of 112,550 JPY (-91.4%) 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 51.3 years old (a +259.7% increase compared to the 14.3 years old of last year.). The average size of the real estate was 520.0 sq.m (a +57.6% increase compared to the 330.0 sq.m of last year.). The average total floor space of the real estate was 190.0 sq.m (a -2.6% decrease compared to the 195.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 14.3 years old in 2015 and 51.3 years old in 2016; +259.7%)
  • A dramatic increase in average distance from the station (representing 4.0 min in 2015 and 18.0 min in 2016; +350.0%)

Motosannjouguchi32,012 JPY/sq.m (-83% compared with the previous year)

The average price of a sq.m Home of Motosannjouguchi was 32,012 JPY/sq.m. The market value represents a decrease of 157,461 JPY (-83.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 40.9 years old (a +3170.5% increase compared to the 1.3 years old of last year.). The average size of the real estate was 213.3 sq.m (a +58.0% increase compared to the 135.0 sq.m of last year.). The average total floor space of the real estate was 133.3 sq.m (a +40.4% increase compared to the 95.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 1.3 years old in 2015 and 40.9 years old in 2016; +3170.5%)
  • A dramatic increase in average distance from the station (representing 8.0 min in 2015 and 11.3 min in 2016; +41.7%)

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)