JR Kisei Main Line railway market report

JR Kisei Main Line Apartment market overview

The average price of JR Kisei Main Line (Ishinndenn to Tokuwa) Apartment, in Jan, 2016 to Mar, 2016 was 247,841 JPY/sq.m. The market value represents a decrease of 59,541 JPY (-19.4%) compared to 1 year ago and a transition to a weak market. 11 properties exchanged hands ( The market value represents an increase of 3 (+37.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 14.5 years old (a +30.2% increase compared to the 11.1 years old of last year.). The average size of the real estate was 71.8 sq.m (a -1.8% decrease compared to the 73.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

0 stations have experienced increased prices; 2 stations have experienced decreased prices. The market value decreased in all stations. Tsu, Matsusaka 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 -8.0% compared to last year; a sq.m unit now costs 233,929 JPY/sq.m.

The top 1 stations has seen prices increase -7.0% (-23,583 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -8.0% (-20,284 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 11.1 years old in 2015 and 14.5 years old in 2016; +30.2%)
  • A dramatic increase in average distance from the station (representing 10.2 min in 2015 and 17.7 min in 2016; +72.9%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 37.5% of total transactions in 2015 and 18.2% of total transactions in 2016)

Apartment stations market overview

The average price of Tsu Apartment, the highest market value along this railway was 315,700 JPY/sq.m. The market value represents a decrease of 23,583 JPY (-7.0%) compared to 1 year ago and a transition to a bear market. 6 properties exchanged hands ( The market value represents an increase of 1 (+20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Matsusaka Apartment, the lowest market value along this railway was 233,929 JPY/sq.m. The market value represents a decrease of 20,284 JPY (-8.0%) compared to 1 year ago and a transition to a bear 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(2016)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Ishinndenn54,545 JPYsq.m
(21.01643835616438255.0sq.m)
--
Tsu315,700 JPYsq.m
(11.8093150684931572.5sq.m)
339,283 JPYsq.m
(10.40602739726027374.0sq.m)
-
Akogi75,714 JPYsq.m
(12.00821917808219170.0sq.m)
--
Takachaya---
Matsusaka233,929 JPYsq.m
(17.6794520547945276.7sq.m)
254,212 JPYsq.m
(13.00684931506849371.7sq.m)
222,215 JPYsq.m
(7.50547945205479590.0sq.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.

Noteworthy stations

Tsu315,700 JPY/sq.m (-7% compared with the previous year)

The average price of Tsu Apartment was 315,700 JPY/sq.m. The market value represents a decrease of 23,583 JPY (-7.0%) compared to 1 year ago and a transition to a bear market. 6 properties exchanged hands ( The market value represents an increase of 1 (+20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 11.8 years old (a +13.5% increase compared to the 10.4 years old of last year.). The average size of the real estate was 72.5 sq.m (a -2.0% decrease compared to the 74.0 sq.m of last year.).

Causes of price decreases

  • An increase in average age of the building (representing 10.4 years old in 2015 and 11.8 years old in 2016; +13.5%)
  • An increase in average distance from the station (representing 12.4 min in 2015 and 14.7 min in 2016; +18.3%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 40.0% of total transactions in 2015 and 16.7% of total transactions in 2016)

Matsusaka233,929 JPY/sq.m (-8% compared with the previous year)

The average price of Matsusaka Apartment was 233,929 JPY/sq.m. The market value represents a decrease of 20,284 JPY (-8.0%) compared to 1 year ago and a transition to a bear market. 3 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 17.7 years old (a +35.9% increase compared to the 13.0 years old of last year.). The average size of the real estate was 76.7 sq.m (a +7.0% increase compared to the 71.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 13.0 years old in 2015 and 17.7 years old in 2016; +35.9%)
  • A dramatic increase in average distance from the station (representing 6.7 min in 2015 and 18.0 min in 2016; +170.0%)
  • A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 33.3% of total transactions in 2015 and 33.3% of total transactions in 2016)

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)