JR Kisei Main Line Apartment market overview

The average price of a sq.m Apartment of JR Kisei Main Line (Tsu to Tokuwa), in Jul, 2013 to Sep, 2013 was 264,213 JPY/sq.m. The market value represents an increase of 48,976 JPY (+22.8%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 11.7 years old (a -2.5% decrease compared to the 12.0 years old of last year.). The average size of the real estate was 81.0 sq.m (a +11.7% increase compared to the 72.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased.

The top 1 stations has seen prices increase +4.5% (+11,608 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +4.5% (+11,608 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.0 min in 2012 and 15.8 min in 2013; +21.5%)

Breakdown of each segment

The table below shows Apartment dealt in JR Kisei Main 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

Apartment stations market overview

The average price of a sq.m Apartment of Tsu, the highest market value along this railway was 268,750 JPY/sq.m. The market value represents an increase of 11,608 JPY (+4.5%) compared to 1 year ago and a transition to a some market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Apartment of Tsu, the lowest market value along this railway was 268,750 JPY/sq.m. The market value represents an increase of 11,608 JPY (+4.5%) compared to 1 year ago and a transition to a some market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Kisei Main Line (Stations Apartment market overview)
JR Kisei Main LineThis year(2013)1 year ago2 years ago
Tsu268,750 JPY (16.0Y/80.0sq.m)257,142 JPY (14.5Y/70.0sq.m)329,411 JPY (6.5Y/85.0sq.m)
Akogi-173,333 JPY (9.5Y/75.0sq.m)-
Matsusaka261,188 JPY (8.8Y/81.7sq.m)-228,654 JPY (3.5Y/93.3sq.m)
Tokuwa---
*Average unit prices per sq.m of Apartment 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

Tsu268,750 JPY/sq.m (+5% compared with the previous year)

The average price of a sq.m Apartment of Tsu was 268,750 JPY/sq.m. The market value represents an increase of 11,608 JPY (+4.5%) compared to 1 year ago and a transition to a some market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.0 years old (a +10.3% increase compared to the 14.5 years old of last year.). The average size of the real estate was 80.0 sq.m (a +14.3% increase compared to the 70.0 sq.m of last year.).

Causes of price decreases

  • An increase in average age of the building (representing 14.5 years old in 2012 and 16.0 years old in 2013; +10.3%)

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)