JR Kisei Main Line Apartment market overview

The average price of a sq.m Apartment of JR Kisei Main Line (Tsu to Tokuwa), in Jan, 2016 to Sep, 2016 was 194,994 JPY/sq.m. The market value represents a decrease of 54,823 JPY (-21.9%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents a decrease of 4 (-19.0%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 16.8 years old (a +30.8% increase compared to the 12.8 years old of last year.). The average size of the real estate was 73.8 sq.m (a +2.0% increase compared to the 72.4 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; 3 stations have experienced decreased prices. The market value decreased in all stations. Matsusaka station has seen a price decrease of over 20% compared to last year. The most dramatic price increase was at Akogi station, where prices have decreased -34.9% compared to last year; a sq.m unit now costs 75,714 JPY/sq.m.

The top 1 stations has seen prices increase -3.6% (-7,431 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -34.9% (-40,649 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average age of the building (representing 12.8 years old in 2015 and 16.8 years old in 2016; +30.8%)
  • A dramatic increase in average distance from the station (representing 14.0 min in 2015 and 19.5 min in 2016; +39.5%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 10.0% of total transactions in 2015 and 29.4% of total transactions in 2016)

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 272,414 JPY/sq.m. The market value represents a decrease of 27,199 JPY (-9.1%) compared to 1 year ago and a transition to a bear market. 5 properties exchanged hands ( The market value represents a decrease of 6 (-54.5%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Apartment of Akogi, the lowest market value along this railway was 75,714 JPY/sq.m. The market value represents a decrease of 40,649 JPY (-34.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

JR Kisei Main Line (Stations Apartment market overview)
JR Kisei Main LineThis year(2016)1 year ago2 years ago
Tsu272,414 JPY (12.7Y/77.0sq.m)299,613 JPY (10.0Y/75.9sq.m)328,347 JPY (8.1Y/70.0sq.m)
Akogi75,714 JPY (12.0Y/70.0sq.m)116,363 JPY (23.5Y/55.0sq.m)-
Matsusaka196,354 JPY (17.9Y/78.1sq.m)203,785 JPY (15.4Y/70.0sq.m)190,063 JPY (12.6Y/76.8sq.m)
Tokuwa115,384 JPY (24.5Y/65.0sq.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.
Top

Noteworthy stations

Matsusaka196,354 JPY/sq.m (-4% compared with the previous year)

The average price of a sq.m Apartment of Matsusaka was 196,354 JPY/sq.m. The market value represents a decrease of 7,431 JPY (-3.6%) compared to 1 year ago and a transition to a some market. 8 properties exchanged hands ( The market value represents a decrease of 1 (-11.1%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 17.9 years old (a +15.8% increase compared to the 15.4 years old of last year.). The average size of the real estate was 78.1 sq.m (a +11.6% increase compared to the 70.0 sq.m of last year.).

Causes of price decreases

  • An increase in average age of the building (representing 15.4 years old in 2015 and 17.9 years old in 2016; +15.8%)
  • A dramatic increase in average distance from the station (representing 13.1 min in 2015 and 18.9 min in 2016; +44.0%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 12.5% of total transactions in 2015 and 25.0% of total transactions in 2016)

Akogi75,714 JPY/sq.m (-35% compared with the previous year)

The average price of a sq.m Apartment of Akogi was 75,714 JPY/sq.m. The market value represents a decrease of 40,649 JPY (-34.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 12.0 years old (a -48.9% decrease compared to the 23.5 years old of last year.). The average size of the real estate was 70.0 sq.m (a +27.3% increase compared to the 55.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 23.5 years old in 2015 and 12.0 years old in 2016; -48.9%)
  • An decrease in average distance from the station (representing 28.0 min in 2015 and 23.0 min in 2016; -17.9%)

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)