JR Kisei Main Line Apartment market overview

The average price of a sq.m Apartment of JR Kisei Main Line (Tsu to Tokuwa), in Apr, 2014 to Jun, 2014 was 247,698 JPY/sq.m. The market value represents a decrease of 69,420 JPY (-21.9%) compared to 1 year ago and a transition to a dramatic 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 14.5 years old (a +120.2% increase compared to the 6.6 years old of last year.). The average size of the real estate was 65.0 sq.m (a -7.1% decrease compared to the 70.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving size for a general family households less 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 +1.7% (+6,190 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -59.9% (-173,138 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 11.7 min in 2013 and 9.0 min in 2014; -22.9%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 6.6 years old in 2013 and 14.5 years old in 2014; +120.2%)
  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 33.3% 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 Tsu, the highest market value along this railway was 379,524 JPY/sq.m. The market value represents an increase of 6,190 JPY (+1.7%) compared to 1 year ago and a transition to a slight 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 Matsusaka, the lowest market value along this railway was 115,872 JPY/sq.m. The market value represents a decrease of 173,138 JPY (-59.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

JR Kisei Main Line (Stations Apartment market overview)
JR Kisei Main LineThis year(2014)1 year ago2 years ago
Tsu379,524 JPY (6.3Y/72.5sq.m)373,333 JPY (7.3Y/75.0sq.m)-
Akogi---
Matsusaka115,872 JPY (22.8Y/57.5sq.m)289,010 JPY (6.3Y/67.5sq.m)158,571 JPY (16.3Y/72.5sq.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

Tsu379,524 JPY/sq.m (+2% compared with the previous year)

The average price of a sq.m Apartment of Tsu was 379,524 JPY/sq.m. The market value represents an increase of 6,190 JPY (+1.7%) compared to 1 year ago and a transition to a slight 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 6.3 years old (a -13.8% decrease compared to the 7.3 years old of last year.). The average size of the real estate was 72.5 sq.m (a -3.3% decrease compared to the 75.0 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 7.3 years old in 2013 and 6.3 years old in 2014; -13.8%)
  • A dramatic decrease in average distance from the station (representing 23.0 min in 2013 and 12.0 min in 2014; -47.8%)

Matsusaka115,872 JPY/sq.m (-60% compared with the previous year)

The average price of a sq.m Apartment of Matsusaka was 115,872 JPY/sq.m. The market value represents a decrease of 173,138 JPY (-59.9%) 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 22.8 years old (a +263.9% increase compared to the 6.3 years old of last year.). The average size of the real estate was 57.5 sq.m (a -14.8% decrease compared to the 67.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 6.3 years old in 2013 and 22.8 years old in 2014; +263.9%)

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)