Kintetsu Tenri Line Home market overview

The average price of a sq.m Home of Kintetsu Tenri Line (Hirahata to Tennri), in Jul, 2015 to Sep, 2015 was 169,719 JPY/sq.m. The market value represents a decrease of 55,029 JPY (-24.5%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 2 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 8.8 years old (a +103.7% increase compared to the 4.3 years old of last year.). The average size of the real estate was 608.8 sq.m (a +368.3% increase compared to the 130.0 sq.m of last year.). The average total floor space of the real estate was 583.8 sq.m (a +498.7% increase compared to the 97.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -22.6% (-55,488 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -22.6% (-55,488 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average age of the building (representing 4.3 years old in 2014 and 8.8 years old in 2015; +103.7%)
  • A dramatic increase in average distance from the station (representing 11.5 min in 2014 and 20.0 min in 2015; +73.9%)
  • A slight decrease in transactions involving nearly new buildings under 3 years old (representing 66.7% of total transactions in 2014 and 66.7% of total transactions in 2015)

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 Sennzai, the highest market value along this railway was 190,000 JPY/sq.m. The market value represents a decrease of 55,488 JPY (-22.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Sennzai, the lowest market value along this railway was 190,000 JPY/sq.m. The market value represents a decrease of 55,488 JPY (-22.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

Kintetsu Tenri Line (Stations Home market overview)
Kintetsu Tenri LineThis year(2015)1 year ago2 years ago
Hirahata-183,268 JPY (8.0Y/105.0sq.m)112,046 JPY (22.6Y/135.0sq.m)
Nikaidou71,538 JPY (25.5Y/150.0sq.m)-152,380 JPY (30.5Y/185.0sq.m)
Sennzai190,000 JPY (0.5Y/135.0sq.m)245,488 JPY (2.5Y/142.5sq.m)184,000 JPY (8.9Y/222.0sq.m)
Tennri247,619 JPY (0.5Y/150.0sq.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

Sennzai190,000 JPY/sq.m (-23% compared with the previous year)

The average price of a sq.m Home of Sennzai was 190,000 JPY/sq.m. The market value represents a decrease of 55,488 JPY (-22.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 0.5 years old (a -79.9% decrease compared to the 2.5 years old of last year.). The average size of the real estate was 135.0 sq.m (a -5.3% decrease compared to the 142.5 sq.m of last year.). The average total floor space of the real estate was 100.0 sq.m (a -2.4% decrease compared to the 102.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 2.5 years old in 2014 and 0.5 years old in 2015; -79.9%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 75.0% of total transactions in 2014 and 100.0% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 12.8 min in 2014 and 18.0 min in 2015; +41.2%)

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)