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 Dec, 2016 was 236,784 JPY/sq.m. The market value represents a decrease of 18,574 JPY (-7.3%) compared to 1 year ago and a transition to a bear market. 33 properties exchanged hands ( The market value represents an increase of 8 (+32.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 15.3 years old (a +19.0% increase compared to the 12.9 years old of last year.). The average size of the real estate was 74.2 sq.m (a +1.4% increase compared to the 73.2 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.

2 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Akogi station has seen a price decrease of over 5% 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 +3.7% (+10,853 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -18.5% (-21,507 JPY/sq.m).

Causes of price decreases

  • An increase in average age of the building (representing 12.9 years old in 2015 and 15.3 years old in 2016; +19.0%)
  • A dramatic increase in average distance from the station (representing 13.8 min in 2015 and 17.5 min in 2016; +26.9%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 8.3% of total transactions in 2015 and 21.9% of total transactions in 2016)

Apartment stations market overview

The average price of Tsu Apartment, the highest market value along this railway was 306,422 JPY/sq.m. The market value represents an increase of 10,853 JPY (+3.7%) compared to 1 year ago and a transition to a some market. 15 properties exchanged hands (It was the same as last year.).

The average price of Akogi Apartment, the lowest market value along this railway was 94,857 JPY/sq.m. The market value represents a decrease of 21,507 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)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Ishinndenn95,454 JPYsq.m
(21.26849315068493255.0sq.m)
--
Tsu306,422 JPYsq.m
(11.95753424657534276.0sq.m)
295,569 JPYsq.m
(10.79196347031963576.3sq.m)
318,269 JPYsq.m
(10.7591780821917870.5sq.m)
Akogi94,857 JPYsq.m
(18.38904109589041360.0sq.m)
116,364 JPYsq.m
(23.51780821917808255.0sq.m)
-
Takachaya---
Matsusaka209,350 JPYsq.m
(16.8417281348788278.1sq.m)
203,785 JPYsq.m
(15.44897260273972670.0sq.m)
181,561 JPYsq.m
(13.81917808219178176.6sq.m)
Tokuwa115,385 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

Tsu306,422 JPY/sq.m (+4% compared with the previous year)

The average price of Tsu Apartment was 306,422 JPY/sq.m. The market value represents an increase of 10,853 JPY (+3.7%) compared to 1 year ago and a transition to a some market. 15 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 12.0 years old (a +10.8% increase compared to the 10.8 years old of last year.). The average size of the real estate was 76.0 sq.m (a -0.4% decrease compared to the 76.3 sq.m of last year.).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 13.3% of total transactions in 2015 and 26.7% of total transactions in 2016)

Causes of price decreases

  • An increase in average age of the building (representing 10.8 years old in 2015 and 12.0 years old in 2016; +10.8%)
  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 20.0% of total transactions in 2015 and 7.1% of total transactions in 2016)

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

The average price of Akogi Apartment was 94,857 JPY/sq.m. The market value represents a decrease of 21,507 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:

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)