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 Dec, 2017 was 259,973 JPY/sq.m. The market value represents an increase of 23,189 JPY (+9.8%) compared to 1 year ago and a transition to a strong market. 20 properties exchanged hands ( The market value represents a decrease of 13 (-39.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 13.5 years old (a -11.9% decrease compared to the 15.3 years old of last year.). The average size of the real estate was 76.8 sq.m (a +3.4% increase compared to the 74.2 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 -5.6% compared to last year; a sq.m unit now costs 197,525 JPY/sq.m.

The top 1 stations has seen prices increase -1.6% (-4,817 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -5.6% (-11,825 JPY/sq.m).

Cause of price increases

  • An decrease in average age of the building (representing 15.3 years old in 2016 and 13.5 years old in 2017; -11.9%)
  • An decrease in average distance from the station (representing 17.5 min in 2016 and 15.2 min in 2017; -13.2%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 15.2% of total transactions in 2016 and 20.0% of total transactions in 2017)

Causes of price decreases

  • An increase in transactions involving relatively old buildings under 40 years old (representing 21.9% of total transactions in 2016 and 25.0% of total transactions in 2017)

Apartment stations market overview

The average price of Tsu Apartment, the highest market value along this railway was 301,605 JPY/sq.m. The market value represents a decrease of 4,817 JPY (-1.6%) compared to 1 year ago and a transition to a slight market. 12 properties exchanged hands ( The market value represents a decrease of 3 (-20.0%) 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 197,525 JPY/sq.m. The market value represents a decrease of 11,825 JPY (-5.6%) compared to 1 year ago and a transition to a bear market. 8 properties exchanged hands ( The market value represents a decrease of 5 (-38.5%) 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)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Ishinndenn-95,454 JPYsq.m
(21.26849315068493255.0sq.m)
-
Tsu301,605 JPYsq.m
(12.0728310502283175.4sq.m)
306,422 JPYsq.m
(11.95753424657534276.0sq.m)
295,569 JPYsq.m
(10.79196347031963576.3sq.m)
Akogi-94,857 JPYsq.m
(18.38904109589041360.0sq.m)
116,364 JPYsq.m
(23.51780821917808255.0sq.m)
Takachaya---
Matsusaka197,525 JPYsq.m
(15.63801369863013878.8sq.m)
209,350 JPYsq.m
(16.8417281348788278.1sq.m)
203,785 JPYsq.m
(15.44897260273972670.0sq.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

Tsu301,605 JPY/sq.m (-2% compared with the previous year)

The average price of Tsu Apartment was 301,605 JPY/sq.m. The market value represents a decrease of 4,817 JPY (-1.6%) compared to 1 year ago and a transition to a slight market. 12 properties exchanged hands ( The market value represents a decrease of 3 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 12.1 years old (a +1.0% increase compared to the 12.0 years old of last year.). The average size of the real estate was 75.4 sq.m (a -0.8% decrease compared to the 76.0 sq.m of last year.).

Cause of price increases

  • An increase in transactions involving recently constructed buildings under 6 years old (representing 7.1% of total transactions in 2016 and 8.3% of total transactions in 2017)

Causes of price decreases

  • A some decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 26.7% of total transactions in 2016 and 25.0% of total transactions in 2017)

Matsusaka197,525 JPY/sq.m (-6% compared with the previous year)

The average price of Matsusaka Apartment was 197,525 JPY/sq.m. The market value represents a decrease of 11,825 JPY (-5.6%) compared to 1 year ago and a transition to a bear market. 8 properties exchanged hands ( The market value represents a decrease of 5 (-38.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 15.6 years old (a -7.1% decrease compared to the 16.8 years old of last year.). The average size of the real estate was 78.8 sq.m (a +0.9% increase compared to the 78.1 sq.m of last year.).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 7.7% of total transactions in 2016 and 12.5% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 23.1% of total transactions in 2016 and 37.5% 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)