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, 2018 to Sep, 2018 was 252,551 JPY/sq.m. The market value represents an increase of 14,837 JPY (+6.2%) compared to 1 year ago and a transition to a strong market. 8 properties exchanged hands ( The market value represents an increase of 2 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 14.6 years old (a -15.6% decrease compared to the 17.3 years old of last year.). The average size of the real estate was 73.8 sq.m (a -0.6% decrease 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.

2 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 +30.8% compared to last year; a sq.m unit now costs 235,161 JPY/sq.m.

The top 1 stations has seen prices increase +30.8% (+55,354 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +1.2% (+3,274 JPY/sq.m).

Cause of price increases

  • An decrease in average age of the building (representing 17.3 years old in 2017 and 14.6 years old in 2018; -15.6%)
  • A dramatic decrease in average distance from the station (representing 18.5 min in 2017 and 14.2 min in 2018; -23.0%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2017 and 37.5% of total transactions in 2018)

Apartment stations market overview

The average price of Tsu Apartment, the highest market value along this railway was 269,940 JPY/sq.m. The market value represents an increase of 3,274 JPY (+1.2%) compared to 1 year ago and a transition to a slight market. 4 properties exchanged hands (It was the same as last year.).

The average price of Matsusaka Apartment, the lowest market value along this railway was 235,161 JPY/sq.m. The market value represents an increase of 55,354 JPY (+30.8%) compared to 1 year ago and a transition to a dramatic 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.).

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--136,364 JPYsq.m
(21.5205479452054855.0sq.m)
Tsu269,940 JPYsq.m
(14.26301369863013870.0sq.m)
266,667 JPYsq.m
(14.76369863013698675.0sq.m)
286,090 JPYsq.m
(14.51506849315068482.5sq.m)
Akogi---
Takachaya---
Matsusaka235,161 JPYsq.m
(15.01369863013698677.5sq.m)
179,808 JPYsq.m
(22.51917808219178272.5sq.m)
204,841 JPYsq.m
(17.5168949771689575.0sq.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

Matsusaka235,161 JPY/sq.m (+31% compared with the previous year)

The average price of Matsusaka Apartment was 235,161 JPY/sq.m. The market value represents an increase of 55,354 JPY (+30.8%) compared to 1 year ago and a transition to a dramatic 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 15.0 years old (a -33.3% decrease compared to the 22.5 years old of last year.). The average size of the real estate was 77.5 sq.m (a +6.9% increase compared to the 72.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 22.5 years old in 2017 and 15.0 years old in 2018; -33.3%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2017 and 25.0% of total transactions in 2018)

Tsu269,940 JPY/sq.m (+1% compared with the previous year)

The average price of Tsu Apartment was 269,940 JPY/sq.m. The market value represents an increase of 3,274 JPY (+1.2%) compared to 1 year ago and a transition to a slight market. 4 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 14.3 years old (a -3.4% decrease compared to the 14.8 years old of last year.). The average size of the real estate was 70.0 sq.m (a -6.7% decrease compared to the 75.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 18.0 min in 2017 and 10.8 min in 2018; -40.3%)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2017 and 50.0% of total transactions in 2018)

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)