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, 2014 to Dec, 2014 was 224,269 JPY/sq.m. The market value represents a decrease of 33,257 JPY (-12.9%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 9.1 years old (a -27.3% decrease compared to the 12.5 years old of last year.). The average size of the real estate was 77.0 sq.m (a -12.5% decrease compared to the 88.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

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 10% compared to last year. The most dramatic price increase was at Matsusaka station, where prices have decreased -20.4% compared to last year; a sq.m unit now costs 166,218 JPY/sq.m.

The top 1 stations has seen prices increase -5.8% (-19,306 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -20.4% (-42,558 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average age of the building (representing 12.5 years old in 2013 and 9.1 years old in 2014; -27.3%)
  • A dramatic decrease in average distance from the station (representing 19.4 min in 2013 and 10.8 min in 2014; -44.3%)

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 311,344 JPY/sq.m. The market value represents a decrease of 19,306 JPY (-5.8%) compared to 1 year ago and a transition to a bear market. 2 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Apartment of Matsusaka, the lowest market value along this railway was 166,218 JPY/sq.m. The market value represents a decrease of 42,558 JPY (-20.4%) compared to 1 year ago and a transition to a dramatic market. 3 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
Tsu311,344 JPY (6.8Y/77.5sq.m)330,650 JPY (13.8Y/90.0sq.m)263,203 JPY (11.1Y/65.0sq.m)
Akogi---
Matsusaka166,218 JPY (13.8Y/76.7sq.m)208,777 JPY (12.1Y/86.7sq.m)186,842 JPY (11.0Y/80.0sq.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

Tsu311,344 JPY/sq.m (-6% compared with the previous year)

The average price of a sq.m Apartment of Tsu was 311,344 JPY/sq.m. The market value represents a decrease of 19,306 JPY (-5.8%) compared to 1 year ago and a transition to a bear market. 2 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 6.8 years old (a -50.9% decrease compared to the 13.8 years old of last year.). The average size of the real estate was 77.5 sq.m (a -13.9% decrease compared to the 90.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 13.8 years old in 2013 and 6.8 years old in 2014; -50.9%)
  • A dramatic decrease in average distance from the station (representing 18.0 min in 2013 and 9.0 min in 2014; -50.0%)

Matsusaka166,218 JPY/sq.m (-20% compared with the previous year)

The average price of a sq.m Apartment of Matsusaka was 166,218 JPY/sq.m. The market value represents a decrease of 42,558 JPY (-20.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 13.8 years old (a +13.8% increase compared to the 12.1 years old of last year.). The average size of the real estate was 76.7 sq.m (a -11.5% decrease compared to the 86.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 20.3 min in 2013 and 12.0 min in 2014; -41.0%)

Causes of price decreases

  • An increase in average age of the building (representing 12.1 years old in 2013 and 13.8 years old in 2014; +13.8%)

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)