Kintetsu Tenri Line Home market overview

The average price of a sq.m Home of Kintetsu Tenri Line (Hirahata to Tennri), in Jul, 2016 to Sep, 2016 was 300,350 JPY/sq.m. The market value represents an increase of 130,631 JPY (+77.0%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 3 (+75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.8 years old (a +134.9% increase compared to the 8.8 years old of last year.). The average size of the real estate was 304.3 sq.m (a -50.0% decrease compared to the 608.8 sq.m of last year.). The average total floor space of the real estate was 125.0 sq.m (a -78.6% decrease compared to the 583.8 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.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased.

The top 1 stations has seen prices increase +533.6% (+381,744 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -48.1% (-119,048 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 20.0 min in 2015 and 11.7 min in 2016; -41.4%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2015 and 25.0% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 8.8 years old in 2015 and 20.8 years old in 2016; +134.9%)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 66.7% of total transactions in 2015 and 50.0% of total transactions in 2016)

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 Nikaidou, the highest market value along this railway was 453,282 JPY/sq.m. The market value represents an increase of 381,744 JPY (+533.6%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) 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 128,571 JPY/sq.m. The market value represents a decrease of 119,048 JPY (-48.1%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

Kintetsu Tenri Line (Stations Home market overview)
Kintetsu Tenri LineThis year(2016)1 year ago2 years ago
Hirahata13,333 JPY (39.5Y/100.0sq.m)-183,268 JPY (8.0Y/105.0sq.m)
Nikaidou453,282 JPY (14.5Y/350.0sq.m)71,538 JPY (25.5Y/150.0sq.m)-
Sennzai-190,000 JPY (0.5Y/135.0sq.m)245,488 JPY (2.5Y/142.5sq.m)
Tennri128,571 JPY (0.0Y/280.0sq.m)247,619 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

Nikaidou453,282 JPY/sq.m (+534% compared with the previous year)

The average price of a sq.m Home of Nikaidou was 453,282 JPY/sq.m. The market value represents an increase of 381,744 JPY (+533.6%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 14.5 years old (a -43.1% decrease compared to the 25.5 years old of last year.). The average size of the real estate was 350.0 sq.m (a +133.3% increase compared to the 150.0 sq.m of last year.). The average total floor space of the real estate was 113.3 sq.m (a -12.8% decrease compared to the 130.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 25.5 years old in 2015 and 14.5 years old in 2016; -43.1%)
  • A dramatic decrease in average distance from the station (representing 15.0 min in 2015 and 12.0 min in 2016; -20.0%)

Tennri128,571 JPY/sq.m (-48% compared with the previous year)

The average price of a sq.m Home of Tennri was 128,571 JPY/sq.m. The market value represents a decrease of 119,048 JPY (-48.1%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 280.0 sq.m (a +86.7% increase compared to the 150.0 sq.m of last year.). The average total floor space of the real estate was 210.0 sq.m (a +100.0% increase compared to the 105.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 21.0 min in 2015 and 14.0 min in 2016; -33.3%)

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)