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 Jul, 2017 to Sep, 2017 was 237,714 JPY/sq.m. The market value represents an increase of 32,220 JPY (+15.7%) compared to 1 year ago and a transition to a bull market. 6 properties exchanged hands ( The market value represents a decrease of 1 (-14.3%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 17.3 years old (a -4.8% decrease compared to the 18.2 years old of last year.). The average size of the real estate was 74.2 sq.m (a +1.8% increase compared to the 72.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an increase in transactions involving size for a general family households less than 100 sq.m.

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 10% compared to last year. The most dramatic price increase was at Matsusaka station, where prices have decreased -12.2% compared to last year; a sq.m unit now costs 179,808 JPY/sq.m.

The top 1 stations has seen prices increase -6.8% (-19,424 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -12.2% (-25,034 JPY/sq.m).

Cause of price increases

  • An decrease in transactions involving relatively old buildings under 40 years old (representing 57.1% of total transactions in 2016 and 50.0% of total transactions in 2017)

Causes of price decreases

  • An increase in average distance from the station (representing 15.7 min in 2016 and 18.5 min in 2017; +17.7%)

Apartment stations market overview

The average price of Tsu Apartment, the highest market value along this railway was 266,667 JPY/sq.m. The market value represents a decrease of 19,424 JPY (-6.8%) compared to 1 year ago and a transition to a bear market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) 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 179,808 JPY/sq.m. The market value represents a decrease of 25,034 JPY (-12.2%) compared to 1 year ago and a transition to a weak 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-136,364 JPYsq.m
(21.5205479452054855.0sq.m)
-
Tsu266,667 JPYsq.m
(14.76369863013698675.0sq.m)
286,090 JPYsq.m
(14.51506849315068482.5sq.m)
292,979 JPYsq.m
(9.7095890410958982.0sq.m)
Akogi--116,364 JPYsq.m
(23.51780821917808255.0sq.m)
Takachaya---
Matsusaka179,808 JPYsq.m
(22.51917808219178272.5sq.m)
204,841 JPYsq.m
(17.5168949771689575.0sq.m)
171,978 JPYsq.m
(13.5109589041095967.5sq.m)
Tokuwa-115,385 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

Tsu266,667 JPY/sq.m (-7% compared with the previous year)

The average price of Tsu Apartment was 266,667 JPY/sq.m. The market value represents a decrease of 19,424 JPY (-6.8%) compared to 1 year ago and a transition to a bear market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 14.8 years old (a +1.7% increase compared to the 14.5 years old of last year.). The average size of the real estate was 75.0 sq.m (a -9.1% decrease compared to the 82.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.0 min in 2016 and 18.0 min in 2017; +260.0%)

Matsusaka179,808 JPY/sq.m (-12% compared with the previous year)

The average price of Matsusaka Apartment was 179,808 JPY/sq.m. The market value represents a decrease of 25,034 JPY (-12.2%) compared to 1 year ago and a transition to a weak 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 22.5 years old (a +28.6% increase compared to the 17.5 years old of last year.). The average size of the real estate was 72.5 sq.m (a -3.3% decrease compared to the 75.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 17.5 years old in 2016 and 22.5 years old in 2017; +28.6%)
  • A dramatic increase in average distance from the station (representing 13.3 min in 2016 and 19.5 min in 2017; +46.2%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2016 and 100.0% of total transactions in 2017)

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)