JR Kisei Main Line Apartment market overview

The average price of a sq.m Apartment of JR Kisei Main Line (Tsu to Tokuwa), in Jan, 2014 to Mar, 2014 was 222,215 JPY/sq.m. The market value represents a decrease of 25,780 JPY (-10.4%) compared to 1 year ago and a transition to a weak market. 4 properties exchanged hands ( The market value represents a decrease of 3 (-42.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 7.5 years old (a -23.9% decrease compared to the 9.9 years old of last year.). The average size of the real estate was 90.0 sq.m (a -0.8% decrease compared to the 90.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six 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. Matsusaka station has seen a price decrease of over 20% compared to last year. The most dramatic price increase was at Matsusaka station, where prices have decreased -1.2% compared to last year; a sq.m unit now costs 222,215 JPY/sq.m.

The top 1 stations has seen prices increase -1.2% (-2,736 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -1.2% (-2,736 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average age of the building (representing 9.9 years old in 2013 and 7.5 years old in 2014; -23.9%)
  • A dramatic decrease in average distance from the station (representing 16.7 min in 2013 and 11.8 min in 2014; -29.7%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.3% of total transactions in 2013 and 25.0% of total transactions in 2014)

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 Matsusaka, the highest market value along this railway was 222,215 JPY/sq.m. The market value represents a decrease of 2,736 JPY (-1.2%) compared to 1 year ago and a transition to a slight market. 4 properties exchanged hands ( The market value represents an increase 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 222,215 JPY/sq.m. The market value represents a decrease of 2,736 JPY (-1.2%) compared to 1 year ago and a transition to a slight market. 4 properties exchanged hands ( The market value represents an increase of 1 (+33.3%) 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(2014)1 year ago2 years ago
Tsu-315,926 JPY (9.3Y/93.3sq.m)283,926 JPY (10.0Y/78.3sq.m)
Akogi--194,804 JPY (20.0Y/62.5sq.m)
Matsusaka222,215 JPY (7.5Y/90.0sq.m)224,951 JPY (8.0Y/93.3sq.m)252,520 JPY (9.0Y/77.5sq.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

Matsusaka222,215 JPY/sq.m (-1% compared with the previous year)

The average price of a sq.m Apartment of Matsusaka was 222,215 JPY/sq.m. The market value represents a decrease of 2,736 JPY (-1.2%) compared to 1 year ago and a transition to a slight market. 4 properties exchanged hands ( The market value represents an increase of 1 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 7.5 years old (a -6.3% decrease compared to the 8.0 years old of last year.). The average size of the real estate was 90.0 sq.m (a -3.6% decrease compared to the 93.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 23.0 min in 2013 and 11.8 min in 2014; -48.9%)

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)