Kintetsu Nara Line Home market overview

The average price of a sq.m Home of Kintetsu Nara Line (Ikoma to Kinntetsunara), in Jan, 2014 to Mar, 2014 was 215,628 JPY/sq.m. The market value represents a decrease of 7,227 JPY (-3.2%) compared to 1 year ago and a transition to a some market. 36 properties exchanged hands ( The market value represents a decrease of 38 (-51.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 23.2 years old (a +11.0% increase compared to the 20.9 years old of last year.). The average size of the real estate was 257.8 sq.m (a -5.8% decrease compared to the 273.7 sq.m of last year.). The average total floor space of the real estate was 179.6 sq.m (a +5.3% increase compared to the 170.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old, as well as a dramatic increase in transactions involving very large size more than 200 sq.m.

3 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Gakuennmae station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Yamatosaidaiji station, where prices have increased +128.6% compared to last year; a sq.m unit now costs 286,956 JPY/sq.m.

The top 2 stations has seen prices increase +98.3% (+160,964 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -41.7% (-115,306 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 19.3 min in 2013 and 17.1 min in 2014; -11.3%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.4% of total transactions in 2013 and 2.8% of total transactions in 2014)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 37.1% of total transactions in 2013 and 36.4% of total transactions in 2014)

Causes of price decreases

  • An increase in average age of the building (representing 20.9 years old in 2013 and 23.2 years old in 2014; +11.0%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 17.1% of total transactions in 2013 and 24.2% of total transactions in 2014)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 32.9% of total transactions in 2013 and 18.2% of total transactions in 2014)

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 396,812 JPY/sq.m. The market value represents an increase of 160,500 JPY (+67.9%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 6 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Ayameike, the lowest market value along this railway was 156,807 JPY/sq.m. The market value represents a decrease of 116,167 JPY (-42.6%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 2 (-28.6%) compared to 1 year ago and a transition to a dramatic market.).

Kintetsu Nara Line (Stations Home market overview)
Kintetsu Nara LineThis year(2014)1 year ago2 years ago
Ikoma170,373 JPY (19.6Y/169.2sq.m)265,034 JPY (9.0Y/155.0sq.m)187,875 JPY (22.4Y/239.4sq.m)
Higashiikoma175,185 JPY (22.6Y/325.0sq.m)283,659 JPY (12.2Y/191.0sq.m)227,166 JPY (18.5Y/176.2sq.m)
Tomio168,553 JPY (28.0Y/209.2sq.m)202,676 JPY (23.4Y/395.5sq.m)257,564 JPY (10.8Y/225.9sq.m)
Gakuennmae396,812 JPY (26.0Y/348.3sq.m)236,312 JPY (26.4Y/310.0sq.m)328,583 JPY (31.5Y/282.8sq.m)
Ayameike156,807 JPY (23.0Y/252.0sq.m)272,974 JPY (18.6Y/312.1sq.m)334,339 JPY (10.0Y/240.6sq.m)
Yamatosaidaiji286,956 JPY (1.0Y/200.0sq.m)125,528 JPY (25.9Y/358.3sq.m)224,729 JPY (24.0Y/221.7sq.m)
Shinnoomiya165,556 JPY (20.7Y/340.0sq.m)280,000 JPY (0.0Y/110.0sq.m)243,036 JPY (19.3Y/214.6sq.m)
Kinntetsunara197,152 JPY (24.0Y/255.7sq.m)194,200 JPY (26.9Y/218.5sq.m)169,015 JPY (23.9Y/231.1sq.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

Yamatosaidaiji286,956 JPY/sq.m (+129% compared with the previous year)

The average price of a sq.m Home of Yamatosaidaiji was 286,956 JPY/sq.m. The market value represents an increase of 161,428 JPY (+128.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 8 (-88.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 1.0 years old (a -96.1% decrease compared to the 25.9 years old of last year.). The average size of the real estate was 200.0 sq.m (a -44.2% decrease compared to the 358.3 sq.m of last year.). The average total floor space of the real estate was 115.0 sq.m (a -63.7% decrease compared to the 317.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 25.9 years old in 2013 and 1.0 years old in 2014; -96.1%)
  • A dramatic decrease in average distance from the station (representing 18.3 min in 2013 and 11.0 min in 2014; -40.0%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 11.1% of total transactions in 2013 and 100.0% of total transactions in 2014)

Gakuennmae396,812 JPY/sq.m (+68% compared with the previous year)

The average price of a sq.m Home of Gakuennmae was 396,812 JPY/sq.m. The market value represents an increase of 160,500 JPY (+67.9%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 6 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 26.0 years old (a -1.3% decrease compared to the 26.4 years old of last year.). The average size of the real estate was 348.3 sq.m (a +12.4% increase compared to the 310.0 sq.m of last year.). The average total floor space of the real estate was 161.7 sq.m (a +26.8% increase compared to the 127.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 22.3 min in 2013 and 15.0 min in 2014; -32.8%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 33.3% of total transactions in 2013 and 16.7% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 16.7% of total transactions in 2013 and 50.0% of total transactions in 2014)

Ayameike156,807 JPY/sq.m (-43% compared with the previous year)

The average price of a sq.m Home of Ayameike was 156,807 JPY/sq.m. The market value represents a decrease of 116,167 JPY (-42.6%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 2 (-28.6%) 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 +23.8% increase compared to the 18.6 years old of last year.). The average size of the real estate was 252.0 sq.m (a -19.3% decrease compared to the 312.1 sq.m of last year.). The average total floor space of the real estate was 141.0 sq.m (a +9.7% increase compared to the 128.6 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 28.6% of total transactions in 2013 and 20.0% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.6 years old in 2013 and 23.0 years old in 2014; +23.8%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 14.3% of total transactions in 2013 and 40.0% of total transactions in 2014)

Shinnoomiya165,556 JPY/sq.m (-41% compared with the previous year)

The average price of a sq.m Home of Shinnoomiya was 165,556 JPY/sq.m. The market value represents a decrease of 114,444 JPY (-40.9%) compared to 1 year ago and a transition to a dramatic 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 size of the real estate was 340.0 sq.m (a +209.1% increase compared to the 110.0 sq.m of last year.). The average total floor space of the real estate was 730.0 sq.m (a +630.0% increase compared to the 100.0 sq.m of last year.).

Causes of price decreases

  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 100.0% of total transactions in 2013 and 33.3% of total transactions in 2014)

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)