JR Kisei Main Line Apartment market overview

The average price of a sq.m Apartment of JR Kisei Main Line (Tsu to Tokuwa), in Jan, 2017 to Mar, 2017 was 266,666 JPY/sq.m. The market value represents an increase of 71,672 JPY (+36.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 14 (-82.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 10.7 years old (a -36.5% decrease compared to the 16.8 years old of last year.). The average size of the real estate was 85.0 sq.m (a +15.1% increase compared to the 73.8 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.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Tsu station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Tsu station, where prices have increased +12.3% compared to last year; a sq.m unit now costs 305,882 JPY/sq.m.

The top 1 stations has seen prices increase +12.3% (+33,468 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -4.1% (-8,119 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average age of the building (representing 16.8 years old in 2016 and 10.7 years old in 2017; -36.5%)
  • A dramatic decrease in average distance from the station (representing 19.5 min in 2016 and 13.7 min in 2017; -30.0%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 11.8% of total transactions in 2016 and 33.3% 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:

Top

Apartment stations market overview

The average price of a sq.m Apartment of Tsu, the highest market value along this railway was 305,882 JPY/sq.m. The market value represents an increase of 33,468 JPY (+12.3%) compared to 1 year ago and a transition to a bull market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) 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 188,235 JPY/sq.m. The market value represents a decrease of 8,119 JPY (-4.1%) compared to 1 year ago and a transition to a some market. 1 properties exchanged hands ( The market value represents a decrease of 7 (-87.5%) 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
Tsu305,882 JPY (11.5Y/85.0sq.m)272,414 JPY (12.7Y/77.0sq.m)299,613 JPY (10.0Y/75.9sq.m)
Akogi-75,714 JPY (12.0Y/70.0sq.m)116,363 JPY (23.5Y/55.0sq.m)
Matsusaka188,235 JPY (9.0Y/85.0sq.m)196,354 JPY (17.9Y/78.1sq.m)203,785 JPY (15.4Y/70.0sq.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.
Top

Noteworthy stations

Tsu305,882 JPY/sq.m (+12% compared with the previous year)

The average price of a sq.m Apartment of Tsu was 305,882 JPY/sq.m. The market value represents an increase of 33,468 JPY (+12.3%) compared to 1 year ago and a transition to a bull market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 11.5 years old (a -9.5% decrease compared to the 12.7 years old of last year.). The average size of the real estate was 85.0 sq.m (a +10.4% increase compared to the 77.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 13.6 min in 2016 and 5.5 min in 2017; -59.6%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 20.0% of total transactions in 2016 and 50.0% of total transactions in 2017)

Matsusaka188,235 JPY/sq.m (-4% compared with the previous year)

The average price of a sq.m Apartment of Matsusaka was 188,235 JPY/sq.m. The market value represents a decrease of 8,119 JPY (-4.1%) compared to 1 year ago and a transition to a some market. 1 properties exchanged hands ( The market value represents a decrease of 7 (-87.5%) 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 -49.7% decrease compared to the 17.9 years old of last year.). The average size of the real estate was 85.0 sq.m (a +8.8% increase compared to the 78.1 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 17.9 years old in 2016 and 9.0 years old in 2017; -49.7%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 18.9 min in 2016 and 30.0 min in 2017; +58.9%)

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)