Kintetsu Tenri Line Home market overview

The average price of a sq.m Home of Kintetsu Tenri Line (Hirahata to Tennri), in Jan, 2013 to Mar, 2013 was 158,068 JPY/sq.m. The market value represents a decrease of 69,733 JPY (-30.6%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents an increase of 7 (+175.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 14.8 years old (a +295.1% increase compared to the 3.8 years old of last year.). The average size of the real estate was 201.4 sq.m (a +40.1% increase compared to the 143.8 sq.m of last year.). The average total floor space of the real estate was 133.2 sq.m (a +21.1% increase compared to the 110.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving relatively large size more than 100 sq.m.

0 stations have experienced increased prices; 2 stations have experienced decreased prices. The market value decreased in all stations. Hirahata station has seen a price decrease of over 10% compared to last year. The most dramatic price increase was at Tennri station, where prices have decreased -34.8% compared to last year; a sq.m unit now costs 157,016 JPY/sq.m.

The top 1 stations has seen prices increase -6.9% (-14,814 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -34.8% (-83,774 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average age of the building (representing 3.8 years old in 2012 and 14.8 years old in 2013; +295.1%)
  • A dramatic increase in average distance from the station (representing 14.2 min in 2012 and 19.9 min in 2013; +39.7%)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 75.0% of total transactions in 2012 and 36.4% of total transactions in 2013)

Breakdown of each segment

The table below shows Home dealt in Kintetsu Tenri 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 Hirahata, the highest market value along this railway was 200,000 JPY/sq.m. The market value represents a decrease of 14,814 JPY (-6.9%) compared to 1 year ago and a transition to a bear market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Tennri, the lowest market value along this railway was 157,016 JPY/sq.m. The market value represents a decrease of 83,774 JPY (-34.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

Kintetsu Tenri Line (Stations Home market overview)
Kintetsu Tenri LineThis year(2013)1 year ago2 years ago
Hirahata200,000 JPY (0.0Y/200.0sq.m)214,814 JPY (6.5Y/157.5sq.m)180,952 JPY (0.0Y/120.0sq.m)
Nikaidou149,090 JPY (20.5Y/137.5sq.m)-146,666 JPY (15.5Y/130.0sq.m)
Sennzai157,090 JPY (18.0Y/128.8sq.m)-180,000 JPY (6.0Y/140.0sq.m)
Tennri157,016 JPY (4.5Y/475.0sq.m)240,789 JPY (1.0Y/130.0sq.m)114,285 JPY (10.0Y/220.0sq.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

Hirahata200,000 JPY/sq.m (-7% compared with the previous year)

The average price of a sq.m Home of Hirahata was 200,000 JPY/sq.m. The market value represents a decrease of 14,814 JPY (-6.9%) compared to 1 year ago and a transition to a bear market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 0.0 years old (a -100.0% decrease compared to the 6.5 years old of last year.). The average size of the real estate was 200.0 sq.m (a +27.0% increase compared to the 157.5 sq.m of last year.). The average total floor space of the real estate was 100.0 sq.m (a -11.1% decrease compared to the 112.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 6.5 years old in 2012 and 0.0 years old in 2013; -100.0%)
  • A dramatic decrease in average distance from the station (representing 14.5 min in 2012 and 4.0 min in 2013; -72.4%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 50.0% of total transactions in 2012 and 100.0% of total transactions in 2013)

Tennri157,016 JPY/sq.m (-35% compared with the previous year)

The average price of a sq.m Home of Tennri was 157,016 JPY/sq.m. The market value represents a decrease of 83,774 JPY (-34.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 4.5 years old (a +349.7% increase compared to the 1.0 years old of last year.). The average size of the real estate was 475.0 sq.m (a +265.4% increase compared to the 130.0 sq.m of last year.). The average total floor space of the real estate was 285.0 sq.m (a +165.1% increase compared to the 107.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 1.0 years old in 2012 and 4.5 years old in 2013; +349.7%)
  • A dramatic increase in average distance from the station (representing 14.0 min in 2012 and 69.5 min in 2013; +396.4%)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 100.0% of total transactions in 2012 and 50.0% 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)