Kintetsu Nara Line Home market overview

The average price of a sq.m Home of Kintetsu Nara Line (Ikoma to Kinntetsunara), in Jul, 2016 to Sep, 2016 was 174,705 JPY/sq.m. The market value represents a decrease of 41,120 JPY (-19.1%) compared to 1 year ago and a transition to a weak market. 32 properties exchanged hands ( The market value represents a decrease of 28 (-46.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 30.2 years old (a +32.7% increase compared to the 22.8 years old of last year.). The average size of the real estate was 301.7 sq.m (a +33.1% increase compared to the 226.8 sq.m of last year.). The average total floor space of the real estate was 193.9 sq.m (a +17.2% increase compared to the 165.5 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 locations more than twenty minutes by foot from the station, outside of walking distance.

1 stations have experienced increased prices; 6 stations have experienced decreased prices. Market value of most stations decreased. Kinntetsunara station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kinntetsunara station, where prices have increased +79.2% compared to last year; a sq.m unit now costs 230,522 JPY/sq.m.

The top 2 stations has seen prices increase +37.3% (+46,596 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -54.3% (-151,753 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 43.6% of total transactions in 2015 and 26.7% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 22.8 years old in 2015 and 30.2 years old in 2016; +32.7%)
  • A dramatic increase in average distance from the station (representing 16.6 min in 2015 and 22.7 min in 2016; +36.4%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 16.4% of total transactions in 2015 and 46.7% of total transactions in 2016)
  • An decrease in transactions involving nearly new buildings under 3 years old (representing 23.6% of total transactions in 2015 and 20.0% of total transactions in 2016)

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 Kinntetsunara, the highest market value along this railway was 230,522 JPY/sq.m. The market value represents an increase of 101,887 JPY (+79.2%) 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 price of a sq.m Home of Tomio, the lowest market value along this railway was 95,336 JPY/sq.m. The market value represents a decrease of 90,339 JPY (-48.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

Kintetsu Nara Line (Stations Home market overview)
Kintetsu Nara LineThis year(2016)1 year ago2 years ago
Ikoma137,843 JPY (28.0Y/189.4sq.m)179,986 JPY (25.8Y/151.5sq.m)185,395 JPY (21.1Y/464.0sq.m)
Higashiikoma209,210 JPY (26.0Y/197.5sq.m)305,000 JPY (11.7Y/387.5sq.m)126,374 JPY (27.9Y/173.3sq.m)
Tomio95,336 JPY (42.0Y/140.0sq.m)185,674 JPY (25.5Y/205.0sq.m)196,983 JPY (18.3Y/182.8sq.m)
Gakuennmae186,321 JPY (31.8Y/236.5sq.m)232,190 JPY (21.6Y/240.3sq.m)141,017 JPY (31.2Y/430.6sq.m)
Ayameike181,781 JPY (13.2Y/276.7sq.m)190,476 JPY (27.9Y/298.3sq.m)185,918 JPY (29.9Y/314.0sq.m)
Yamatosaidaiji142,857 JPY (37.0Y/1175.0sq.m)356,025 JPY (18.9Y/183.0sq.m)181,008 JPY (23.2Y/212.9sq.m)
Shinnoomiya-211,369 JPY (15.0Y/138.8sq.m)70,568 JPY (30.2Y/125.0sq.m)
Kinntetsunara230,522 JPY (38.2Y/384.0sq.m)128,635 JPY (30.7Y/204.3sq.m)229,104 JPY (14.3Y/242.0sq.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

Kinntetsunara230,522 JPY/sq.m (+79% compared with the previous year)

The average price of a sq.m Home of Kinntetsunara was 230,522 JPY/sq.m. The market value represents an increase of 101,887 JPY (+79.2%) 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 38.2 years old (a +24.5% increase compared to the 30.7 years old of last year.). The average size of the real estate was 384.0 sq.m (a +88.0% increase compared to the 204.3 sq.m of last year.). The average total floor space of the real estate was 112.0 sq.m (a -38.0% decrease compared to the 180.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2015 and 33.3% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 30.7 years old in 2015 and 38.2 years old in 2016; +24.5%)
  • A dramatic increase in average distance from the station (representing 18.1 min in 2015 and 28.0 min in 2016; +54.3%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 16.7% of total transactions in 2015 and 66.7% of total transactions in 2016)

Ayameike181,781 JPY/sq.m (-5% compared with the previous year)

The average price of a sq.m Home of Ayameike was 181,781 JPY/sq.m. The market value represents a decrease of 8,694 JPY (-4.6%) compared to 1 year ago and a transition to a some market. 3 properties exchanged hands ( The market value represents a decrease of 3 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 13.2 years old (a -52.7% decrease compared to the 27.9 years old of last year.). The average size of the real estate was 276.7 sq.m (a -7.3% decrease compared to the 298.3 sq.m of last year.). The average total floor space of the real estate was 158.3 sq.m (a +8.0% increase compared to the 146.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 27.9 years old in 2015 and 13.2 years old in 2016; -52.7%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 16.7% of total transactions in 2015 and 66.7% of total transactions in 2016)

Causes of price decreases

  • An increase in average distance from the station (representing 16.8 min in 2015 and 19.0 min in 2016; +12.9%)

Yamatosaidaiji142,857 JPY/sq.m (-60% compared with the previous year)

The average price of a sq.m Home of Yamatosaidaiji was 142,857 JPY/sq.m. The market value represents a decrease of 213,168 JPY (-59.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 37.0 years old (a +95.8% increase compared to the 18.9 years old of last year.). The average size of the real estate was 1175.0 sq.m (a +542.1% increase compared to the 183.0 sq.m of last year.). The average total floor space of the real estate was 1052.5 sq.m (a +1019.7% increase compared to the 94.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.9 years old in 2015 and 37.0 years old in 2016; +95.8%)
  • A dramatic increase in average distance from the station (representing 13.0 min in 2015 and 26.5 min in 2016; +103.8%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 20.0% of total transactions in 2015 and 50.0% of total transactions in 2016)

Tomio95,336 JPY/sq.m (-49% compared with the previous year)

The average price of a sq.m Home of Tomio was 95,336 JPY/sq.m. The market value represents a decrease of 90,339 JPY (-48.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 42.0 years old (a +64.7% increase compared to the 25.5 years old of last year.). The average size of the real estate was 140.0 sq.m (a -31.7% decrease compared to the 205.0 sq.m of last year.). The average total floor space of the real estate was 85.0 sq.m (a -55.8% decrease compared to the 192.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 25.5 years old in 2015 and 42.0 years old in 2016; +64.7%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 40.0% of total transactions in 2015 and 100.0% of total transactions in 2016)

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)