Kintetsu Nara Line Home market overview

The average price of a sq.m Home of Kintetsu Nara Line (Ikoma to Kinntetsunara), in Oct, 2013 to Dec, 2013 was 218,759 JPY/sq.m. The market value represents a decrease of 15,320 JPY (-6.5%) compared to 1 year ago and a transition to a bear market. 89 properties exchanged hands ( The market value represents an increase of 10 (+12.7%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 22.5 years old (a +28.7% increase compared to the 17.5 years old of last year.). The average size of the real estate was 265.8 sq.m (a -5.9% decrease compared to the 282.7 sq.m of last year.). The average total floor space of the real estate was 197.8 sq.m (a +13.6% increase compared to the 174.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving new buildings under 10 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; 5 stations have experienced decreased prices. Market value of most stations decreased. Gakuennmae, Shinnoomiya, Kinntetsunara station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Shinnoomiya station, where prices have increased +44.8% compared to last year; a sq.m unit now costs 261,086 JPY/sq.m.

The top 2 stations has seen prices increase +43.3% (+67,841 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -39.1% (-96,379 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 22.6 min in 2012 and 20.3 min in 2013; -10.3%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.8% of total transactions in 2012 and 10.1% of total transactions in 2013)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 17.5 years old in 2012 and 22.5 years old in 2013; +28.7%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 8.3% of total transactions in 2012 and 15.7% of total transactions in 2013)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 34.7% of total transactions in 2012 and 18.1% of total transactions in 2013)

Breakdown of each segment

The table below shows Home dealt in Kintetsu Nara 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 Gakuennmae, the highest market value along this railway was 277,304 JPY/sq.m. The market value represents an increase of 54,143 JPY (+24.3%) compared to 1 year ago and a transition to a dramatic market. 16 properties exchanged hands ( The market value represents an increase of 1 (+6.7%) compared to 1 year ago and a transition to a strong market.).

The average price of a sq.m Home of Yamatosaidaiji, the lowest market value along this railway was 127,867 JPY/sq.m. The market value represents a decrease of 135,413 JPY (-51.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

Kintetsu Nara Line (Stations Home market overview)
Kintetsu Nara LineThis year(2013)1 year ago2 years ago
Ikoma156,202 JPY (31.7Y/249.7sq.m)213,548 JPY (16.8Y/257.7sq.m)195,987 JPY (19.9Y/203.6sq.m)
Higashiikoma259,599 JPY (8.0Y/272.1sq.m)298,659 JPY (8.6Y/206.8sq.m)290,370 JPY (6.1Y/560.0sq.m)
Tomio217,506 JPY (17.5Y/251.2sq.m)282,224 JPY (16.2Y/433.1sq.m)178,277 JPY (26.9Y/258.5sq.m)
Gakuennmae277,304 JPY (23.4Y/284.1sq.m)223,160 JPY (26.4Y/323.7sq.m)235,828 JPY (21.7Y/260.8sq.m)
Ayameike259,470 JPY (19.5Y/202.2sq.m)279,324 JPY (13.6Y/250.0sq.m)278,408 JPY (17.3Y/273.8sq.m)
Yamatosaidaiji127,867 JPY (33.4Y/135.0sq.m)263,280 JPY (8.2Y/168.0sq.m)194,849 JPY (18.6Y/142.5sq.m)
Shinnoomiya261,086 JPY (27.6Y/481.2sq.m)180,350 JPY (18.3Y/107.5sq.m)170,305 JPY (23.9Y/162.5sq.m)
Kinntetsunara186,223 JPY (19.1Y/227.9sq.m)131,277 JPY (32.0Y/352.9sq.m)179,017 JPY (15.4Y/179.3sq.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

Shinnoomiya261,086 JPY/sq.m (+45% compared with the previous year)

The average price of a sq.m Home of Shinnoomiya was 261,086 JPY/sq.m. The market value represents an increase of 80,736 JPY (+44.8%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 6 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 27.6 years old (a +51.4% increase compared to the 18.3 years old of last year.). The average size of the real estate was 481.2 sq.m (a +347.7% increase compared to the 107.5 sq.m of last year.). The average total floor space of the real estate was 565.0 sq.m (a +564.7% increase compared to the 85.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 21.5 min in 2012 and 16.0 min in 2013; -25.6%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2012 and 37.5% of total transactions in 2013)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.3 years old in 2012 and 27.6 years old in 2013; +51.4%)

Kinntetsunara186,223 JPY/sq.m (+42% compared with the previous year)

The average price of a sq.m Home of Kinntetsunara was 186,223 JPY/sq.m. The market value represents an increase of 54,946 JPY (+41.9%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents an increase of 3 (+21.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.1 years old (a -40.4% decrease compared to the 32.0 years old of last year.). The average size of the real estate was 227.9 sq.m (a -35.4% decrease compared to the 352.9 sq.m of last year.). The average total floor space of the real estate was 220.0 sq.m (a +29.7% increase compared to the 169.6 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 32.0 years old in 2012 and 19.1 years old in 2013; -40.4%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 75.0% of total transactions in 2012 and 53.8% of total transactions in 2013)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 12.5% of total transactions in 2012 and 7.7% of total transactions in 2013)

Yamatosaidaiji127,867 JPY/sq.m (-51% compared with the previous year)

The average price of a sq.m Home of Yamatosaidaiji was 127,867 JPY/sq.m. The market value represents a decrease of 135,413 JPY (-51.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 33.4 years old (a +309.9% increase compared to the 8.2 years old of last year.). The average size of the real estate was 135.0 sq.m (a -19.6% decrease compared to the 168.0 sq.m of last year.). The average total floor space of the real estate was 101.7 sq.m (a +2.7% increase compared to the 99.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 8.2 years old in 2012 and 33.4 years old in 2013; +309.9%)
  • A dramatic increase in average distance from the station (representing 16.8 min in 2012 and 20.7 min in 2013; +23.0%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 20.0% of total transactions in 2012 and 33.3% of total transactions in 2013)

Ikoma156,202 JPY/sq.m (-27% compared with the previous year)

The average price of a sq.m Home of Ikoma was 156,202 JPY/sq.m. The market value represents a decrease of 57,346 JPY (-26.9%) compared to 1 year ago and a transition to a dramatic market. 16 properties exchanged hands ( The market value represents an increase of 5 (+45.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 31.7 years old (a +88.7% increase compared to the 16.8 years old of last year.). The average size of the real estate was 249.7 sq.m (a -3.1% decrease compared to the 257.7 sq.m of last year.). The average total floor space of the real estate was 153.8 sq.m (a +15.8% increase compared to the 132.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.8 years old in 2012 and 31.7 years old in 2013; +88.7%)
  • A dramatic increase in average distance from the station (representing 14.2 min in 2012 and 17.8 min in 2013; +25.6%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 9.1% of total transactions in 2012 and 25.0% of total transactions in 2013)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 36.4% of total transactions in 2012 and 56.2% of total transactions in 2013)

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)