Kintetsu Tenri Line Home market overview

The average price of a sq.m Home of Kintetsu Tenri Line (Hirahata to Tennri), in Oct, 2016 to Dec, 2016 was 287,889 JPY/sq.m. The market value represents an increase of 101,710 JPY (+54.6%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 1 (-14.3%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 28.1 years old (a +149.6% increase compared to the 11.3 years old of last year.). The average size of the real estate was 462.5 sq.m (a +48.5% increase compared to the 311.4 sq.m of last year.). The average total floor space of the real estate was 70.0 sq.m (a -65.4% decrease compared to the 202.1 sq.m of last year.).

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

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 +301.4% (+600,703 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -63.0% (-96,652 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 15.7 min in 2015 and 12.3 min in 2016; -21.5%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 11.3 years old in 2015 and 28.1 years old in 2016; +149.6%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 16.7% of total transactions in 2015 and 33.3% 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 Tennri, the highest market value along this railway was 800,000 JPY/sq.m. The market value represents an increase of 600,703 JPY (+301.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Nikaidou, the lowest market value along this railway was 56,730 JPY/sq.m. The market value represents a decrease of 96,652 JPY (-63.0%) 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(2016)1 year ago2 years ago
Hirahata---
Nikaidou56,730 JPY (41.8Y/85.0sq.m)153,383 JPY (21.8Y/625.0sq.m)-
Sennzai238,095 JPY (0.8Y/175.0sq.m)-240,909 JPY (7.3Y/1020.0sq.m)
Tennri800,000 JPY (0.0Y/810.0sq.m)199,297 JPY (6.0Y/186.0sq.m)229,123 JPY (19.3Y/201.0sq.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

Tennri800,000 JPY/sq.m (+301% compared with the previous year)

The average price of a sq.m Home of Tennri was 800,000 JPY/sq.m. The market value represents an increase of 600,703 JPY (+301.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 810.0 sq.m (a +335.5% increase compared to the 186.0 sq.m of last year.). The average total floor space of the real estate was 70.0 sq.m (a -43.5% decrease compared to the 124.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 16.6 min in 2015 and 18.3 min in 2016; +10.4%)

Nikaidou56,730 JPY/sq.m (-63% compared with the previous year)

The average price of a sq.m Home of Nikaidou was 56,730 JPY/sq.m. The market value represents a decrease of 96,652 JPY (-63.0%) 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 41.8 years old (a +92.0% increase compared to the 21.8 years old of last year.). The average size of the real estate was 85.0 sq.m (a -86.4% decrease compared to the 625.0 sq.m of last year.). The average total floor space of the real estate was 52.5 sq.m (a -86.8% decrease compared to the 397.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 13.5 min in 2015 and 6.0 min in 2016; -55.6%)
  • A slight decrease in transactions involving older buildings over 40 years old (representing 50.0% of total transactions in 2015 and 50.0% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 21.8 years old in 2015 and 41.8 years old in 2016; +92.0%)

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)