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, 2014 to Sep, 2014 was 243,809 JPY/sq.m. The market value represents a decrease of 20,404 JPY (-7.7%) compared to 1 year ago and a transition to a bear 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 age of the real estate was 12.8 years old (a +9.7% increase compared to the 11.7 years old of last year.). The average size of the real estate was 63.3 sq.m (a -21.8% decrease compared to the 81.0 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.

0 stations have experienced increased prices; 2 stations have experienced decreased prices. The market value decreased in all stations. Tsu 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 -9.8% compared to last year; a sq.m unit now costs 235,714 JPY/sq.m.

The top 1 stations has seen prices increase -3.3% (-8,750 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -9.8% (-25,474 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 15.8 min in 2013 and 19.3 min in 2014; +22.4%)

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 260,000 JPY/sq.m. The market value represents a decrease of 8,750 JPY (-3.3%) compared to 1 year ago and a transition to a some market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) 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 235,714 JPY/sq.m. The market value represents a decrease of 25,474 JPY (-9.8%) compared to 1 year ago and a transition to a bear 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.).

JR Kisei Main Line (Stations Apartment market overview)
JR Kisei Main LineThis year(2014)1 year ago2 years ago
Tsu260,000 JPY (14.5Y/50.0sq.m)268,750 JPY (16.0Y/80.0sq.m)257,142 JPY (14.5Y/70.0sq.m)
Akogi--173,333 JPY (9.5Y/75.0sq.m)
Matsusaka235,714 JPY (12.0Y/70.0sq.m)261,188 JPY (8.8Y/81.7sq.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

Tsu260,000 JPY/sq.m (-3% compared with the previous year)

The average price of a sq.m Apartment of Tsu was 260,000 JPY/sq.m. The market value represents a decrease of 8,750 JPY (-3.3%) compared to 1 year ago and a transition to a some market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) 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 -9.4% decrease compared to the 16.0 years old of last year.). The average size of the real estate was 50.0 sq.m (a -37.5% decrease compared to the 80.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 18.5 min in 2013 and 21.0 min in 2014; +13.5%)

Matsusaka235,714 JPY/sq.m (-10% compared with the previous year)

The average price of a sq.m Apartment of Matsusaka was 235,714 JPY/sq.m. The market value represents a decrease of 25,474 JPY (-9.8%) compared to 1 year ago and a transition to a bear 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 12.0 years old (a +35.8% increase compared to the 8.8 years old of last year.). The average size of the real estate was 70.0 sq.m (a -14.3% decrease compared to the 81.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 8.8 years old in 2013 and 12.0 years old in 2014; +35.8%)
  • A dramatic increase in average distance from the station (representing 14.0 min in 2013 and 18.5 min in 2014; +32.1%)

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)