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, 2015 to Sep, 2015 was 227,411 JPY/sq.m. The market value represents a decrease of 16,399 JPY (-6.7%) compared to 1 year ago and a transition to a bear market. 7 properties exchanged hands ( The market value represents an increase of 4 (+133.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 13.2 years old (a +3.0% increase compared to the 12.8 years old of last year.). The average size of the real estate was 75.0 sq.m (a +18.4% increase compared to the 63.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase 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. Tsu station has seen a price increase of over 5% compared to last year. The most dramatic price increase was at Tsu station, where prices have increased +8.8% compared to last year; a sq.m unit now costs 282,889 JPY/sq.m.

The top 1 stations has seen prices increase +8.8% (+22,889 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -27.0% (-63,736 JPY/sq.m).



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 282,889 JPY/sq.m. The market value represents an increase of 22,889 JPY (+8.8%) compared to 1 year ago and a transition to a strong market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) 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 171,978 JPY/sq.m. The market value represents a decrease of 63,736 JPY (-27.0%) 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(2015)1 year ago2 years ago
Tsu282,889 JPY (10.5Y/83.8sq.m)260,000 JPY (14.5Y/50.0sq.m)268,750 JPY (16.0Y/80.0sq.m)
Akogi116,363 JPY (23.5Y/55.0sq.m)--
Matsusaka171,978 JPY (13.5Y/67.5sq.m)235,714 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

Tsu282,889 JPY/sq.m (+9% compared with the previous year)

The average price of a sq.m Apartment of Tsu was 282,889 JPY/sq.m. The market value represents an increase of 22,889 JPY (+8.8%) compared to 1 year ago and a transition to a strong market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 10.5 years old (a -27.6% decrease compared to the 14.5 years old of last year.). The average size of the real estate was 83.8 sq.m (a +67.5% increase compared to the 50.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 14.5 years old in 2014 and 10.5 years old in 2015; -27.6%)
  • A dramatic decrease in average distance from the station (representing 21.0 min in 2014 and 16.5 min in 2015; -21.4%)

Matsusaka171,978 JPY/sq.m (-27% compared with the previous year)

The average price of a sq.m Apartment of Matsusaka was 171,978 JPY/sq.m. The market value represents a decrease of 63,736 JPY (-27.0%) 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 13.5 years old (a +12.5% increase compared to the 12.0 years old of last year.). The average size of the real estate was 67.5 sq.m (a -3.6% decrease compared to the 70.0 sq.m of last year.).

Causes of price decreases

  • An increase in average age of the building (representing 12.0 years old in 2014 and 13.5 years old in 2015; +12.5%)

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)