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 Oct, 2016 to Dec, 2016 was 251,892 JPY/sq.m. The market value represents an increase of 9,985 JPY (+4.1%) compared to 1 year ago and a transition to a some market. 9 properties exchanged hands ( The market value represents an increase of 2 (+28.6%) 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 +1.5% increase compared to the 14.3 years old of last year.). The average size of the real estate was 73.9 sq.m (a +6.6% increase compared to the 69.3 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.

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 10% compared to last year. The most dramatic price increase was at Tsu station, where prices have increased +16.3% compared to last year; a sq.m unit now costs 318,319 JPY/sq.m.

The top 1 stations has seen prices increase +16.3% (+44,708 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -6.3% (-12,491 JPY/sq.m).

Causes of price decreases

  • An increase in average distance from the station (representing 15.4 min in 2015 and 17.4 min in 2016; +13.1%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 14.3% of total transactions in 2015 and 22.2% of total transactions in 2016)

Apartment stations market overview

The average price of Tsu Apartment, the highest market value along this railway was 318,319 JPY/sq.m. The market value represents an increase of 44,708 JPY (+16.3%) compared to 1 year ago and a transition to a bull market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) 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 187,143 JPY/sq.m. The market value represents a decrease of 12,491 JPY (-6.3%) 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.)
Ishinndenn---
Tsu318,319 JPYsq.m
(10.9610958904109675.0sq.m)
273,611 JPYsq.m
(12.2602739726027468.8sq.m)
298,039 JPYsq.m
(10.42557077625570975.0sq.m)
Akogi114,000 JPYsq.m
(24.7698630136986350.0sq.m)
--
Takachaya---
Matsusaka187,143 JPYsq.m
(17.0995433789954380.0sq.m)
199,634 JPYsq.m
(17.09771689497716870.0sq.m)
167,997 JPYsq.m
(12.76164383561643876.2sq.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

Tsu318,319 JPY/sq.m (+16% compared with the previous year)

The average price of Tsu Apartment was 318,319 JPY/sq.m. The market value represents an increase of 44,708 JPY (+16.3%) compared to 1 year ago and a transition to a bull market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 11.0 years old (a -10.6% decrease compared to the 12.3 years old of last year.). The average size of the real estate was 75.0 sq.m (a +9.1% increase compared to the 68.8 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 12.3 years old in 2015 and 11.0 years old in 2016; -10.6%)

Matsusaka187,143 JPY/sq.m (-6% compared with the previous year)

The average price of Matsusaka Apartment was 187,143 JPY/sq.m. The market value represents a decrease of 12,491 JPY (-6.3%) 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 17.1 years old (a +0.0% increase compared to the 17.1 years old of last year.). The average size of the real estate was 80.0 sq.m (a +14.3% increase compared to the 70.0 sq.m of last year.).

Cause of price increases

  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2015 and 33.3% of total transactions in 2016)

Causes of price decreases

  • An increase in average distance from the station (representing 19.7 min in 2015 and 22.0 min in 2016; +11.9%)

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)