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, 2015 to Dec, 2015 was 237,780 JPY/sq.m. The market value represents an increase of 13,511 JPY (+6.0%) compared to 1 year ago and a transition to a strong market. 5 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 14.8 years old (a +62.4% increase compared to the 9.1 years old of last year.). The average size of the real estate was 64.0 sq.m (a -16.9% decrease compared to the 77.0 sq.m of last year.).

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

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 20% compared to last year. The most dramatic price increase was at Matsusaka station, where prices have increased +20.1% compared to last year; a sq.m unit now costs 199,633 JPY/sq.m.

The top 1 stations has seen prices increase +20.1% (+33,415 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -5.2% (-16,344 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average age of the building (representing 9.1 years old in 2014 and 14.8 years old in 2015; +62.4%)
  • A dramatic increase in average distance from the station (representing 10.8 min in 2014 and 18.0 min in 2015; +66.7%)

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 295,000 JPY/sq.m. The market value represents a decrease of 16,344 JPY (-5.2%) 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 199,633 JPY/sq.m. The market value represents an increase of 33,415 JPY (+20.1%) 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(2015)1 year ago2 years ago
Tsu295,000 JPY (11.3Y/55.0sq.m)311,344 JPY (6.8Y/77.5sq.m)330,650 JPY (13.8Y/90.0sq.m)
Akogi---
Matsusaka199,633 JPY (17.1Y/70.0sq.m)166,218 JPY (13.8Y/76.7sq.m)208,777 JPY (12.1Y/86.7sq.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

Matsusaka199,633 JPY/sq.m (+20% compared with the previous year)

The average price of a sq.m Apartment of Matsusaka was 199,633 JPY/sq.m. The market value represents an increase of 33,415 JPY (+20.1%) 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 17.1 years old (a +24.2% increase compared to the 13.8 years old of last year.). The average size of the real estate was 70.0 sq.m (a -8.7% decrease compared to the 76.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 13.8 years old in 2014 and 17.1 years old in 2015; +24.2%)
  • A dramatic increase in average distance from the station (representing 12.0 min in 2014 and 19.7 min in 2015; +63.9%)

Tsu295,000 JPY/sq.m (-5% compared with the previous year)

The average price of a sq.m Apartment of Tsu was 295,000 JPY/sq.m. The market value represents a decrease of 16,344 JPY (-5.2%) 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 11.3 years old (a +66.6% increase compared to the 6.8 years old of last year.). The average size of the real estate was 55.0 sq.m (a -29.0% decrease compared to the 77.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 6.8 years old in 2014 and 11.3 years old in 2015; +66.6%)
  • A dramatic increase in average distance from the station (representing 9.0 min in 2014 and 15.5 min in 2015; +72.2%)

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)