JR Kisei Main Line Mie 2017-3Q
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 Jul, 2017 to Sep, 2017 was 184,615 JPY/sq.m. The market value represents an increase of 61,798 JPY (+50.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 24.5 years old (a +5.4% increase compared to the 23.3 years old of last year.). The average size of the real estate was 65.0 sq.m (a -1.9% decrease compared to the 66.2 sq.m of last year.).

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

1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Matsusaka station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Matsusaka station, where prices have increased +54.2% compared to last year; a sq.m unit now costs 184,615 JPY/sq.m.

The top 1 stations has seen prices increase +54.2% (+64,854 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +54.2% (+64,854 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 23.5 min in 2016 and 10.0 min in 2017; -57.4%)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2016 and 100.0% of total transactions in 2017)

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 Matsusaka, the highest market value along this railway was 184,615 JPY/sq.m. The market value represents an increase of 64,854 JPY (+54.2%) 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 a sq.m Apartment of Matsusaka, the lowest market value along this railway was 184,615 JPY/sq.m. The market value represents an increase of 64,854 JPY (+54.2%) 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.).

JR Kisei Main Line (Stations Apartment market overview)
JR Kisei Main LineThis year(2017)1 year ago2 years ago
Tsu--282,889 JPY (10.5Y/83.8sq.m)
Akogi--116,363 JPY (23.5Y/55.0sq.m)
Matsusaka184,615 JPY (24.5Y/65.0sq.m)119,762 JPY (23.5Y/72.5sq.m)171,978 JPY (13.5Y/67.5sq.m)
Tokuwa-115,384 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

Matsusaka184,615 JPY/sq.m (+54% compared with the previous year)

The average price of a sq.m Apartment of Matsusaka was 184,615 JPY/sq.m. The market value represents an increase of 64,854 JPY (+54.2%) 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 24.5 years old (a +4.3% increase compared to the 23.5 years old of last year.). The average size of the real estate was 65.0 sq.m (a -10.3% decrease compared to the 72.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 17.0 min in 2016 and 10.0 min in 2017; -41.2%)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2016 and 100.0% of total transactions in 2017)

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)