JR Kisei Main Line railway market report
- Type: Apartment
- Line: JR Kisei Main Line
Ishinndenn Tokuwa [40 stations] - Period: 2018 - 4Q
Oct, 2018 Dec, 2018
JR Kisei Main Line Apartment market overview
The average price of JR Kisei Main Line (Ishinndenn to Tokuwa) Apartment, in Oct, 2018 to Dec, 2018 was 200,202 JPY/sq.m. The market value represents a decrease of 51,345 JPY (-20.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 19.4 years old (a +12.6% increase compared to the 17.3 years old of last year.). The average size of the real estate was 68.3 sq.m (a -4.1% decrease compared to the 71.2 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.
1 stations have experienced increased prices; 1 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 +35.4% compared to last year; a sq.m unit now costs 226,667 JPY/sq.m.
The top 1 stations has seen prices increase +35.4% (+59,286 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -8.7% (-29,047 JPY/sq.m).
Causes of price decreases
- An increase in average age of the building (representing 17.3 years old in 2017 and 19.4 years old in 2018; +12.6%)
- A dramatic increase in average distance from the station (representing 12.8 min in 2017 and 20.3 min in 2018; +59.5%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2017 and 66.7% of total transactions in 2018)
Apartment stations market overview
The average price of Tsu Apartment, the highest market value along this railway was 306,667 JPY/sq.m. The market value represents a decrease of 29,047 JPY (-8.7%) compared to 1 year ago and a transition to a bear 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 Matsusaka Apartment, the lowest market value along this railway was 226,667 JPY/sq.m. The market value represents an increase of 59,286 JPY (+35.4%) 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 | This year(2018) (Avg.Age,Dim.) | 1 year ago (Avg.Age,Dim.) | 2 years ago (Avg.Age,Dim.) |
|---|---|---|---|
| Ishinndenn | 67,273 JPYsq.m (23.7698630136986355.0sq.m) | - | - |
| Tsu | 306,667 JPYsq.m (12.76164383561643875.0sq.m) | 335,714 JPYsq.m (16.26438356164383670.0sq.m) | 318,319 JPYsq.m (10.9610958904109675.0sq.m) |
| Akogi | - | - | 114,000 JPYsq.m (24.7698630136986350.0sq.m) |
| Takachaya | - | - | - |
| Matsusaka | 226,667 JPYsq.m (21.76712328767123275.0sq.m) | 167,381 JPYsq.m (18.26575342465753672.5sq.m) | 187,143 JPYsq.m (17.0995433789954380.0sq.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
Matsusaka 226,667 JPY/sq.m (+35% compared with the previous year)
The average price of Matsusaka Apartment was 226,667 JPY/sq.m. The market value represents an increase of 59,286 JPY (+35.4%) 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 21.8 years old (a +19.2% increase compared to the 18.3 years old of last year.). The average size of the real estate was 75.0 sq.m (a +3.4% increase compared to the 72.5 sq.m of last year.).
Causes of price decreases
- An increase in average age of the building (representing 18.3 years old in 2017 and 21.8 years old in 2018; +19.2%)
- A dramatic increase in average distance from the station (representing 5.5 min in 2017 and 24.0 min in 2018; +336.4%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2017 and 100.0% of total transactions in 2018)
Tsu 306,667 JPY/sq.m (-9% compared with the previous year)
The average price of Tsu Apartment was 306,667 JPY/sq.m. The market value represents a decrease of 29,047 JPY (-8.7%) compared to 1 year ago and a transition to a bear 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 12.8 years old (a -21.5% decrease compared to the 16.3 years old of last year.). The average size of the real estate was 75.0 sq.m (a +7.1% increase compared to the 70.0 sq.m of last year.).
Cause of price increases
- A dramatic decrease in average age of the building (representing 16.3 years old in 2017 and 12.8 years old in 2018; -21.5%)
- A dramatic decrease in average distance from the station (representing 20.0 min in 2017 and 7.0 min in 2018; -65.0%)
Breakdown of each segment
Station: Segment: