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, 2015 to Jun, 2015 was 153,174 JPY/sq.m. The market value represents a decrease of 94,524 JPY (-38.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 15.8 years old (a +8.6% increase compared to the 14.5 years old of last year.). The average size of the real estate was 80.0 sq.m (a +23.1% increase compared to the 65.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Matsusaka station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Matsusaka station, where prices have increased +11.0% compared to last year; a sq.m unit now costs 128,571 JPY/sq.m.

The top 1 stations has seen prices increase +11.0% (+12,698 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -53.2% (-201,746 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 9.0 min in 2014 and 7.0 min in 2015; -22.2%)

Causes of price decreases

  • A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 50.0% of total transactions in 2014 and 50.0% of total transactions in 2015)

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 177,777 JPY/sq.m. The market value represents a decrease of 201,746 JPY (-53.2%) compared to 1 year ago and a transition to a dramatic 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 128,571 JPY/sq.m. The market value represents an increase of 12,698 JPY (+11.0%) compared to 1 year ago and a transition to a bull 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.).

JR Kisei Main Line (Stations Apartment market overview)
JR Kisei Main LineThis year(2015)1 year ago2 years ago
Tsu177,777 JPY (12.3Y/90.0sq.m)379,524 JPY (6.3Y/72.5sq.m)373,333 JPY (7.3Y/75.0sq.m)
Akogi---
Matsusaka128,571 JPY (19.3Y/70.0sq.m)115,872 JPY (22.8Y/57.5sq.m)289,010 JPY (6.3Y/67.5sq.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

Matsusaka128,571 JPY/sq.m (+11% compared with the previous year)

The average price of a sq.m Apartment of Matsusaka was 128,571 JPY/sq.m. The market value represents an increase of 12,698 JPY (+11.0%) compared to 1 year ago and a transition to a bull 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 19.3 years old (a -15.4% decrease compared to the 22.8 years old of last year.). The average size of the real estate was 70.0 sq.m (a +21.7% increase compared to the 57.5 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 22.8 years old in 2014 and 19.3 years old in 2015; -15.4%)
  • A dramatic decrease in average distance from the station (representing 6.0 min in 2014 and 4.0 min in 2015; -33.3%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 50.0% of total transactions in 2014 and 100.0% of total transactions in 2015)

Tsu177,777 JPY/sq.m (-53% compared with the previous year)

The average price of a sq.m Apartment of Tsu was 177,777 JPY/sq.m. The market value represents a decrease of 201,746 JPY (-53.2%) compared to 1 year ago and a transition to a dramatic 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 12.3 years old (a +96.0% increase compared to the 6.3 years old of last year.). The average size of the real estate was 90.0 sq.m (a +24.1% increase compared to the 72.5 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 12.0 min in 2014 and 10.0 min in 2015; -16.7%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 6.3 years old in 2014 and 12.3 years old in 2015; +96.0%)

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)