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, 2017 to Mar, 2017 was 284,494 JPY/sq.m. The market value represents an increase of 36,653 JPY (+14.8%) compared to 1 year ago and a transition to a bull market. 7 properties exchanged hands ( The market value represents a decrease of 4 (-36.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 9.4 years old (a -35.0% decrease compared to the 14.5 years old of last year.). The average size of the real estate was 79.3 sq.m (a +10.4% increase compared to the 71.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving new buildings under 10 years old.

0 stations have experienced increased prices; 2 stations have experienced decreased prices. The market value decreased in all stations. Tsu station has seen a price decrease of over 20% compared to last year. The most dramatic price increase was at Matsusaka station, where prices have decreased -7.0% compared to last year; a sq.m unit now costs 217,647 JPY/sq.m.

The top 1 stations has seen prices increase -1.4% (-4,468 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -7.0% (-16,282 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 14.5 years old in 2016 and 9.4 years old in 2017; -35.0%)
  • A dramatic decrease in average distance from the station (representing 17.7 min in 2016 and 13.3 min in 2017; -25.1%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 18.2% of total transactions in 2016 and 42.9% of total transactions in 2017)

Apartment stations market overview

The average price of Tsu Apartment, the highest market value along this railway was 311,233 JPY/sq.m. The market value represents a decrease of 4,468 JPY (-1.4%) compared to 1 year ago and a transition to a slight market. 5 properties exchanged hands ( The market value represents a decrease of 1 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average price of Matsusaka Apartment, the lowest market value along this railway was 217,647 JPY/sq.m. The market value represents a decrease of 16,282 JPY (-7.0%) compared to 1 year ago and a transition to a bear market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) 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(2017)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Ishinndenn-54,545 JPYsq.m
(21.01643835616438255.0sq.m)
-
Tsu311,233 JPYsq.m
(9.60712328767123277.0sq.m)
315,700 JPYsq.m
(11.8093150684931572.5sq.m)
339,283 JPYsq.m
(10.40602739726027374.0sq.m)
Akogi-75,714 JPYsq.m
(12.00821917808219170.0sq.m)
-
Takachaya---
Matsusaka217,647 JPYsq.m
(9.00547945205479585.0sq.m)
233,929 JPYsq.m
(17.6794520547945276.7sq.m)
254,212 JPYsq.m
(13.00684931506849371.7sq.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

Tsu311,233 JPY/sq.m (-1% compared with the previous year)

The average price of Tsu Apartment was 311,233 JPY/sq.m. The market value represents a decrease of 4,468 JPY (-1.4%) compared to 1 year ago and a transition to a slight market. 5 properties exchanged hands ( The market value represents a decrease of 1 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 9.6 years old (a -18.6% decrease compared to the 11.8 years old of last year.). The average size of the real estate was 77.0 sq.m (a +6.2% increase compared to the 72.5 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 11.8 years old in 2016 and 9.6 years old in 2017; -18.6%)
  • A dramatic decrease in average distance from the station (representing 14.7 min in 2016 and 6.6 min in 2017; -55.0%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 16.7% of total transactions in 2016 and 60.0% of total transactions in 2017)

Matsusaka217,647 JPY/sq.m (-7% compared with the previous year)

The average price of Matsusaka Apartment was 217,647 JPY/sq.m. The market value represents a decrease of 16,282 JPY (-7.0%) compared to 1 year ago and a transition to a bear market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 9.0 years old (a -49.1% decrease compared to the 17.7 years old of last year.). The average size of the real estate was 85.0 sq.m (a +10.9% increase compared to the 76.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 17.7 years old in 2016 and 9.0 years old in 2017; -49.1%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 18.0 min in 2016 and 30.0 min in 2017; +66.7%)

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)