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 Dec, 2014 was 192,944 JPY/sq.m. The market value represents a decrease of 23,676 JPY (-10.9%) compared to 1 year ago and a transition to a weak market. 169 properties exchanged hands ( The market value represents a decrease of 159 (-48.5%) 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 +12.6% increase compared to the 19.9 years old of last year.). The average size of the real estate was 257.2 sq.m (a +6.0% increase compared to the 242.7 sq.m of last year.). The average total floor space of the real estate was 192.7 sq.m (a +20.3% increase compared to the 160.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving recently constructed buildings under 6 years old, as well as an decrease in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

2 stations have experienced increased prices; 6 stations have experienced decreased prices. Market value of most stations decreased. Yamatosaidaiji 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 +23.4% compared to last year; a sq.m unit now costs 217,498 JPY/sq.m.

The top 2 stations has seen prices increase +17.8% (+32,261 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -31.8% (-76,766 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 20.3 min in 2013 and 18.3 min in 2014; -10.0%)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 0.3% of total transactions in 2013 and 1.9% of total transactions in 2014)

Causes of price decreases

  • An increase in average age of the building (representing 19.9 years old in 2013 and 22.4 years old in 2014; +12.6%)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 30.2% of total transactions in 2013 and 20.5% of total transactions in 2014)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 36.7% of total transactions in 2013 and 42.3% 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 221,091 JPY/sq.m. The market value represents a decrease of 23,463 JPY (-9.6%) compared to 1 year ago and a transition to a bear market. 30 properties exchanged hands ( The market value represents a decrease of 29 (-49.2%) 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 152,595 JPY/sq.m. The market value represents a decrease of 86,271 JPY (-36.1%) compared to 1 year ago and a transition to a dramatic market. 15 properties exchanged hands ( The market value represents a decrease of 16 (-51.6%) 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
Ikoma164,482 JPY (23.2Y/299.5sq.m)207,119 JPY (22.7Y/219.1sq.m)200,776 JPY (20.5Y/264.5sq.m)
Higashiikoma176,758 JPY (26.3Y/216.1sq.m)244,019 JPY (14.8Y/214.7sq.m)281,574 JPY (10.7Y/208.2sq.m)
Tomio193,766 JPY (21.0Y/193.2sq.m)213,694 JPY (19.2Y/276.3sq.m)235,032 JPY (14.2Y/253.2sq.m)
Gakuennmae221,091 JPY (26.5Y/288.0sq.m)244,554 JPY (21.9Y/249.5sq.m)254,176 JPY (28.4Y/285.1sq.m)
Ayameike152,595 JPY (27.7Y/236.3sq.m)238,866 JPY (18.7Y/251.1sq.m)300,700 JPY (13.1Y/238.2sq.m)
Yamatosaidaiji217,498 JPY (19.3Y/196.5sq.m)176,206 JPY (22.1Y/259.8sq.m)249,894 JPY (16.4Y/277.8sq.m)
Shinnoomiya173,229 JPY (18.9Y/360.0sq.m)230,670 JPY (18.8Y/299.8sq.m)264,329 JPY (15.3Y/252.2sq.m)
Kinntetsunara213,132 JPY (17.0Y/253.5sq.m)189,901 JPY (18.9Y/212.7sq.m)154,934 JPY (23.2Y/322.7sq.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

Yamatosaidaiji217,498 JPY/sq.m (+23% compared with the previous year)

The average price of a sq.m Home of Yamatosaidaiji was 217,498 JPY/sq.m. The market value represents an increase of 41,291 JPY (+23.4%) compared to 1 year ago and a transition to a dramatic market. 13 properties exchanged hands ( The market value represents a decrease of 18 (-58.1%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.3 years old (a -12.6% decrease compared to the 22.1 years old of last year.). The average size of the real estate was 196.5 sq.m (a -24.4% decrease compared to the 259.8 sq.m of last year.). The average total floor space of the real estate was 134.5 sq.m (a -30.2% decrease compared to the 192.7 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 22.1 years old in 2013 and 19.3 years old in 2014; -12.6%)
  • An decrease in average distance from the station (representing 16.7 min in 2013 and 14.6 min in 2014; -12.4%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 6.5% of total transactions in 2013 and 15.4% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 35.5% of total transactions in 2013 and 66.7% of total transactions in 2014)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 29.0% of total transactions in 2013 and 22.2% of total transactions in 2014)

Kinntetsunara213,132 JPY/sq.m (+12% compared with the previous year)

The average price of a sq.m Home of Kinntetsunara was 213,132 JPY/sq.m. The market value represents an increase of 23,231 JPY (+12.2%) compared to 1 year ago and a transition to a bull market. 33 properties exchanged hands ( The market value represents a decrease of 30 (-47.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.0 years old (a -10.0% decrease compared to the 18.9 years old of last year.). The average size of the real estate was 253.5 sq.m (a +19.2% increase compared to the 212.7 sq.m of last year.). The average total floor space of the real estate was 170.0 sq.m (a +11.1% increase compared to the 153.0 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 18.9 years old in 2013 and 17.0 years old in 2014; -10.0%)
  • An decrease in average distance from the station (representing 26.7 min in 2013 and 22.1 min in 2014; -17.4%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2013 and 25.0% of total transactions in 2014)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 34.6% of total transactions in 2013 and 42.9% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 5.8% of total transactions in 2013 and 14.3% of total transactions in 2014)

Ayameike152,595 JPY/sq.m (-36% compared with the previous year)

The average price of a sq.m Home of Ayameike was 152,595 JPY/sq.m. The market value represents a decrease of 86,271 JPY (-36.1%) compared to 1 year ago and a transition to a dramatic market. 15 properties exchanged hands ( The market value represents a decrease of 16 (-51.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 27.7 years old (a +47.7% increase compared to the 18.7 years old of last year.). The average size of the real estate was 236.3 sq.m (a -5.9% decrease compared to the 251.1 sq.m of last year.). The average total floor space of the real estate was 130.7 sq.m (a +7.9% increase compared to the 121.1 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 14.9 min in 2013 and 12.2 min in 2014; -18.3%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.7 years old in 2013 and 27.7 years old in 2014; +47.7%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 16.1% of total transactions in 2013 and 26.7% of total transactions in 2014)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 29.0% of total transactions in 2013 and 40.0% of total transactions in 2014)

Higashiikoma176,758 JPY/sq.m (-28% compared with the previous year)

The average price of a sq.m Home of Higashiikoma was 176,758 JPY/sq.m. The market value represents a decrease of 67,261 JPY (-27.6%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 23 (-71.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 26.3 years old (a +77.3% increase compared to the 14.8 years old of last year.). The average size of the real estate was 216.1 sq.m (a +0.7% increase compared to the 214.7 sq.m of last year.). The average total floor space of the real estate was 137.8 sq.m (a +9.4% increase compared to the 125.9 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 14.8 years old in 2013 and 26.3 years old in 2014; +77.3%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 28.1% of total transactions in 2013 and 66.7% of total transactions in 2014)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 6.2% of total transactions in 2013 and 11.1% 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)