JR Kisei Main Line railway market report
- Type: Apartment
- Line: JR Kisei Main Line
Ishinndenn Tokuwa [40 stations] - Period: 2016 - 3Q
Jul, 2016 Sep, 2016
JR Kisei Main Line Apartment market overview
The average price of JR Kisei Main Line (Ishinndenn to Tokuwa) Apartment, in Jul, 2016 to Sep, 2016 was 205,493 JPY/sq.m. The market value represents a decrease of 35,158 JPY (-14.6%) compared to 1 year ago and a transition to a weak market. 7 properties exchanged hands ( The market value represents a decrease of 1 (-12.5%) compared to 1 year ago and a transition to a weak market.).
The average age of the real estate was 18.2 years old (a +47.2% increase compared to the 12.4 years old of last year.). The average size of the real estate was 72.9 sq.m (a -2.9% decrease compared to the 75.0 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 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 +19.1% compared to last year; a sq.m unit now costs 204,841 JPY/sq.m.
The top 1 stations has seen prices increase +19.1% (+32,863 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -2.4% (-6,888 JPY/sq.m).
Cause of price increases
- An decrease in average distance from the station (representing 17.6 min in 2015 and 15.7 min in 2016; -10.8%)
- A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 12.5% of total transactions in 2015 and 28.6% of total transactions in 2016)
Causes of price decreases
- A dramatic increase in average age of the building (representing 12.4 years old in 2015 and 18.2 years old in 2016; +47.2%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 12.5% of total transactions in 2015 and 57.1% of total transactions in 2016)
Apartment stations market overview
The average price of Tsu Apartment, the highest market value along this railway was 286,090 JPY/sq.m. The market value represents a decrease of 6,888 JPY (-2.4%) compared to 1 year ago and a transition to a slight market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) 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 204,841 JPY/sq.m. The market value represents an increase of 32,863 JPY (+19.1%) compared to 1 year ago and a transition to a bull market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).
| JR Kisei Main Line | This year(2016) (Avg.Age,Dim.) | 1 year ago (Avg.Age,Dim.) | 2 years ago (Avg.Age,Dim.) |
|---|---|---|---|
| Ishinndenn | 136,364 JPYsq.m (21.5205479452054855.0sq.m) | - | - |
| Tsu | 286,090 JPYsq.m (14.51506849315068482.5sq.m) | 292,979 JPYsq.m (9.7095890410958982.0sq.m) | 344,286 JPYsq.m (11.5109589041095960.0sq.m) |
| Akogi | - | 116,364 JPYsq.m (23.51780821917808255.0sq.m) | - |
| Takachaya | - | - | - |
| Matsusaka | 204,841 JPYsq.m (17.5168949771689575.0sq.m) | 171,978 JPYsq.m (13.5109589041095967.5sq.m) | 185,397 JPYsq.m (15.71397260273972774.2sq.m) |
| Tokuwa | 115,385 JPYsq.m (24.5205479452054865.0sq.m) | - | - |
*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
Matsusaka 204,841 JPY/sq.m (+19% compared with the previous year)
The average price of Matsusaka Apartment was 204,841 JPY/sq.m. The market value represents an increase of 32,863 JPY (+19.1%) compared to 1 year ago and a transition to a bull market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 17.5 years old (a +29.6% increase compared to the 13.5 years old of last year.). The average size of the real estate was 75.0 sq.m (a +11.1% increase compared to the 67.5 sq.m of last year.).
Cause of price increases
- A dramatic decrease in average distance from the station (representing 17.5 min in 2015 and 13.3 min in 2016; -23.8%)
Causes of price decreases
- A dramatic increase in average age of the building (representing 13.5 years old in 2015 and 17.5 years old in 2016; +29.6%)
Tsu 286,090 JPY/sq.m (-2% compared with the previous year)
The average price of Tsu Apartment was 286,090 JPY/sq.m. The market value represents a decrease of 6,888 JPY (-2.4%) compared to 1 year ago and a transition to a slight market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) 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 +49.5% increase compared to the 9.7 years old of last year.). The average size of the real estate was 82.5 sq.m (a +0.6% increase compared to the 82.0 sq.m of last year.).
Cause of price increases
- A dramatic decrease in average distance from the station (representing 15.6 min in 2015 and 5.0 min in 2016; -67.9%)
Causes of price decreases
- A dramatic increase in average age of the building (representing 9.7 years old in 2015 and 14.5 years old in 2016; +49.5%)
Breakdown of each segment
Station: Segment: