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, 2018 to Jun, 2018 was 321,428 JPY/sq.m. The market value represents an increase of 62,920 JPY (+24.3%) compared to 1 year ago and a transition to a dramatic 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 16.3 years old (a +58.5% increase compared to the 10.3 years old of last year.). The average size of the real estate was 72.5 sq.m (a -13.0% decrease compared to the 83.3 sq.m of last year.).

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

0 stations have experienced increased prices; 1 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 Tsu station, where prices have decreased -1.1% compared to last year; a sq.m unit now costs 321,428 JPY/sq.m.

The top 1 stations has seen prices increase -1.1% (-3,572 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -1.1% (-3,572 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 10.3 years old in 2017 and 16.3 years old in 2018; +58.5%)
  • A dramatic increase in average distance from the station (representing 16.3 min in 2017 and 20.0 min in 2018; +22.4%)

Apartment stations market overview

The average price of Tsu Apartment, the highest market value along this railway was 321,428 JPY/sq.m. The market value represents a decrease of 3,572 JPY (-1.1%) compared to 1 year ago and a transition to a slight market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Tsu Apartment, the lowest market value along this railway was 321,428 JPY/sq.m. The market value represents a decrease of 3,572 JPY (-1.1%) compared to 1 year ago and a transition to a slight market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) 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(2018)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Ishinndenn---
Tsu321,428 JPYsq.m
(16.26301369863013672.5sq.m)
325,000 JPYsq.m
(5.25479452054794680.0sq.m)
269,173 JPYsq.m
(12.26164383561643882.5sq.m)
Akogi---
Takachaya---
Matsusaka-225,263 JPYsq.m
(12.76164383561643885.0sq.m)
210,952 JPYsq.m
(15.51369863013698680.0sq.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

Tsu321,428 JPY/sq.m (-1% compared with the previous year)

The average price of Tsu Apartment was 321,428 JPY/sq.m. The market value represents a decrease of 3,572 JPY (-1.1%) compared to 1 year ago and a transition to a slight market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.3 years old (a +209.5% increase compared to the 5.3 years old of last year.). The average size of the real estate was 72.5 sq.m (a -9.4% decrease compared to the 80.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 5.3 years old in 2017 and 16.3 years old in 2018; +209.5%)
  • A dramatic increase in average distance from the station (representing 13.0 min in 2017 and 20.0 min in 2018; +53.8%)

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)