JR Kisei Main Line Mie 2016-FY
Apartment market report

JR Kisei Main Line railway market report

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 Dec, 2016 was 214,690 JPY/sq.m. The market value represents a decrease of 35,128 JPY (-14.1%) compared to 1 year ago and a transition to a weak market. 26 properties exchanged hands ( The market value represents an increase of 5 (+23.8%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.0 years old (a +24.7% 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 relatively old buildings under 40 years old.

0 stations have experienced increased prices; 3 stations have experienced decreased prices. The market value decreased in all stations. Tsu, 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 -18.5% compared to last year; a sq.m unit now costs 94,857 JPY/sq.m.

The top 1 stations has seen prices increase -1.4% (-4,247 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -18.5% (-21,506 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 12.8 years old in 2015 and 16.0 years old in 2016; +24.7%)
  • A dramatic increase in average distance from the station (representing 14.0 min in 2015 and 18.8 min in 2016; +34.3%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 10.0% of total transactions in 2015 and 26.9% 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:

※各年ごとの取引件数の割合が高いセグメントほど赤く表示

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Apartment stations market overview

The average price of a sq.m Apartment of Tsu, the highest market value along this railway was 295,366 JPY/sq.m. The market value represents a decrease of 4,247 JPY (-1.4%) compared to 1 year ago and a transition to a slight market. 10 properties exchanged hands ( The market value represents a decrease of 1 (-9.1%) compared to 1 year ago and a transition to a bear market.).

The average price of a sq.m Apartment of Akogi, the lowest market value along this railway was 94,857 JPY/sq.m. The market value represents a decrease of 21,506 JPY (-18.5%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Kisei Main Line (Stations Apartment market overview)
JR Kisei Main LineThis year(2016)1 year ago2 years ago
Tsu295,366 JPY (11.8Y/76.0sq.m)299,613 JPY (10.0Y/75.9sq.m)328,347 JPY (8.1Y/70.0sq.m)
Akogi94,857 JPY (18.4Y/60.0sq.m)116,363 JPY (23.5Y/55.0sq.m)-
Matsusaka193,842 JPY (17.7Y/78.6sq.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.

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Noteworthy stations

Tsu295,366 JPY/sq.m (-1% compared with the previous year)

The average price of a sq.m Apartment of Tsu was 295,366 JPY/sq.m. The market value represents a decrease of 4,247 JPY (-1.4%) compared to 1 year ago and a transition to a slight market. 10 properties exchanged hands ( The market value represents a decrease of 1 (-9.1%) compared to 1 year ago and a transition to a bear market.).

The average age of the real estate was 11.8 years old (a +18.5% increase compared to the 10.0 years old of last year.). The average size of the real estate was 76.0 sq.m (a +0.1% increase compared to the 75.9 sq.m of last year.).

Causes of price decreases

  • An increase in average age of the building (representing 10.0 years old in 2015 and 11.8 years old in 2016; +18.5%)
  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 27.3% of total transactions in 2015 and 10.0% of total transactions in 2016)

Akogi94,857 JPY/sq.m (-18% compared with the previous year)

The average price of a sq.m Apartment of Akogi was 94,857 JPY/sq.m. The market value represents a decrease of 21,506 JPY (-18.5%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 18.4 years old (a -21.8% decrease compared to the 23.5 years old of last year.). The average size of the real estate was 60.0 sq.m (a +9.1% 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 18.4 years old in 2016; -21.8%)
  • An decrease in average distance from the station (representing 28.0 min in 2015 and 24.5 min in 2016; -12.5%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2015 and 50.0% of total transactions in 2016)

Breakdown of each segment

Station:   Segment:

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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)