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 Apr, 2017 to Jun, 2017 was 258,509 JPY/sq.m. The market value represents an increase of 28,149 JPY (+12.2%) compared to 1 year ago and a transition to a bull market. 3 properties exchanged hands ( The market value represents a decrease of 3 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 10.3 years old (a -28.9% decrease compared to the 14.4 years old of last year.). The average size of the real estate was 83.3 sq.m (a +3.1% increase compared to the 80.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

2 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Tsu station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Tsu station, where prices have increased +20.7% compared to last year; a sq.m unit now costs 325,000 JPY/sq.m.

The top 1 stations has seen prices increase +20.7% (+55,827 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +6.8% (+14,310 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 14.4 years old in 2016 and 10.3 years old in 2017; -28.9%)
  • An decrease in average distance from the station (representing 19.3 min in 2016 and 16.3 min in 2017; -15.5%)

Apartment stations market overview

The average price of Tsu Apartment, the highest market value along this railway was 325,000 JPY/sq.m. The market value represents an increase of 55,827 JPY (+20.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) 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 225,263 JPY/sq.m. The market value represents an increase of 14,310 JPY (+6.8%) compared to 1 year ago and a transition to a strong market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) 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(2017)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Ishinndenn---
Tsu325,000 JPYsq.m
(5.25479452054794680.0sq.m)
269,173 JPYsq.m
(12.26164383561643882.5sq.m)
177,778 JPYsq.m
(12.2602739726027490.0sq.m)
Akogi---
Takachaya---
Matsusaka225,263 JPYsq.m
(12.76164383561643885.0sq.m)
210,952 JPYsq.m
(15.51369863013698680.0sq.m)
128,571 JPYsq.m
(19.26301369863013670.0sq.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

Tsu325,000 JPY/sq.m (+21% compared with the previous year)

The average price of Tsu Apartment was 325,000 JPY/sq.m. The market value represents an increase of 55,827 JPY (+20.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 5.3 years old (a -57.1% decrease compared to the 12.3 years old of last year.). The average size of the real estate was 80.0 sq.m (a -3.0% decrease compared to the 82.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 12.3 years old in 2016 and 5.3 years old in 2017; -57.1%)

Matsusaka225,263 JPY/sq.m (+7% compared with the previous year)

The average price of Matsusaka Apartment was 225,263 JPY/sq.m. The market value represents an increase of 14,310 JPY (+6.8%) compared to 1 year ago and a transition to a strong market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 12.8 years old (a -17.7% decrease compared to the 15.5 years old of last year.). The average size of the real estate was 85.0 sq.m (a +6.2% increase compared to the 80.0 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 15.5 years old in 2016 and 12.8 years old in 2017; -17.7%)
  • An decrease in average distance from the station (representing 22.0 min in 2016 and 18.0 min in 2017; -18.2%)

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)