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 Dec, 2014 was 233,276 JPY/sq.m. The market value represents a decrease of 31,524 JPY (-11.9%) compared to 1 year ago and a transition to a weak market. 16 properties exchanged hands ( The market value represents a decrease of 4 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 11.0 years old (a +5.8% increase compared to the 10.4 years old of last year.). The average size of the real estate was 74.7 sq.m (a -11.6% decrease compared to the 84.5 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.

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 +4.2% (+13,358 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -21.5% (-52,007 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 16.4 min in 2013 and 12.2 min in 2014; -25.7%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 5.0% 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 328,347 JPY/sq.m. The market value represents an increase of 13,358 JPY (+4.2%) compared to 1 year ago and a transition to a some 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 price of a sq.m Apartment of Matsusaka, the lowest market value along this railway was 190,063 JPY/sq.m. The market value represents a decrease of 52,007 JPY (-21.5%) compared to 1 year ago and a transition to a dramatic market. 11 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
Tsu328,347 JPY (8.1Y/70.0sq.m)314,989 JPY (11.6Y/86.9sq.m)275,030 JPY (10.8Y/73.5sq.m)
Akogi--187,647 JPY (14.8Y/66.7sq.m)
Matsusaka190,063 JPY (12.6Y/76.8sq.m)242,070 JPY (9.0Y/83.6sq.m)196,194 JPY (12.2Y/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

Tsu328,347 JPY/sq.m (+4% compared with the previous year)

The average price of a sq.m Apartment of Tsu was 328,347 JPY/sq.m. The market value represents an increase of 13,358 JPY (+4.2%) compared to 1 year ago and a transition to a some 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 8.1 years old (a -30.0% decrease compared to the 11.6 years old of last year.). The average size of the real estate was 70.0 sq.m (a -19.4% decrease compared to the 86.9 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 11.6 years old in 2013 and 8.1 years old in 2014; -30.0%)
  • A dramatic decrease in average distance from the station (representing 17.4 min in 2013 and 12.6 min in 2014; -27.5%)

Matsusaka190,063 JPY/sq.m (-21% compared with the previous year)

The average price of a sq.m Apartment of Matsusaka was 190,063 JPY/sq.m. The market value represents a decrease of 52,007 JPY (-21.5%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 12.6 years old (a +39.4% increase compared to the 9.0 years old of last year.). The average size of the real estate was 76.8 sq.m (a -8.2% decrease compared to the 83.6 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 16.7 min in 2013 and 12.0 min in 2014; -28.3%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 9.0 years old in 2013 and 12.6 years old in 2014; +39.4%)
  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 18.2% of total transactions in 2013 and 11.1% of total transactions in 2014)

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)