JR Kisei Main Line Apartment market overview

The average price of a sq.m Apartment of JR Kisei Main Line (Tsu to Tokuwa), in Oct, 2013 to Dec, 2013 was 257,526 JPY/sq.m. The market value represents an increase of 57,071 JPY (+28.5%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 3 (-37.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 12.5 years old (a +6.4% increase compared to the 11.8 years old of last year.). The average size of the real estate was 88.0 sq.m (a +19.3% increase compared to the 73.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

2 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was the same as last year. Tsu station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Tsu station, where prices have increased +25.6% compared to last year; a sq.m unit now costs 330,650 JPY/sq.m.

The top 1 stations has seen prices increase +25.6% (+67,447 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +11.7% (+21,935 JPY/sq.m).



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 330,650 JPY/sq.m. The market value represents an increase of 67,447 JPY (+25.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Apartment of Matsusaka, the lowest market value along this railway was 208,777 JPY/sq.m. The market value represents an increase of 21,935 JPY (+11.7%) compared to 1 year ago and a transition to a bull market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) 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
Tsu330,650 JPY (13.8Y/90.0sq.m)263,203 JPY (11.1Y/65.0sq.m)227,778 JPY (11.3Y/80.0sq.m)
Akogi---
Matsusaka208,777 JPY (12.1Y/86.7sq.m)186,842 JPY (11.0Y/80.0sq.m)235,263 JPY (7.8Y/85.0sq.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

Tsu330,650 JPY/sq.m (+26% compared with the previous year)

The average price of a sq.m Apartment of Tsu was 330,650 JPY/sq.m. The market value represents an increase of 67,447 JPY (+25.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 13.8 years old (a +24.0% increase compared to the 11.1 years old of last year.). The average size of the real estate was 90.0 sq.m (a +38.5% increase compared to the 65.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 11.1 years old in 2012 and 13.8 years old in 2013; +24.0%)

Matsusaka208,777 JPY/sq.m (+12% compared with the previous year)

The average price of a sq.m Apartment of Matsusaka was 208,777 JPY/sq.m. The market value represents an increase of 21,935 JPY (+11.7%) compared to 1 year ago and a transition to a bull market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 12.1 years old (a +9.8% increase compared to the 11.0 years old of last year.). The average size of the real estate was 86.7 sq.m (a +8.3% increase compared to the 80.0 sq.m of last year.).


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)