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, 2018 to Dec, 2018 was 239,904 JPY/sq.m. The market value represents a decrease of 20,069 JPY (-7.7%) compared to 1 year ago and a transition to a bear market. 20 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 15.3 years old (a +13.7% increase compared to the 13.5 years old of last year.). The average size of the real estate was 73.2 sq.m (a -4.6% decrease compared to the 76.8 sq.m of last year.).

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

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 +23.3% compared to last year; a sq.m unit now costs 243,544 JPY/sq.m.

The top 1 stations has seen prices increase +23.3% (+46,020 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -16.4% (-49,439 JPY/sq.m).

Causes of price decreases

  • An increase in average age of the building (representing 13.5 years old in 2017 and 15.3 years old in 2018; +13.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2017 and 40.0% of total transactions in 2018)

Apartment stations market overview

The average price of Tsu Apartment, the highest market value along this railway was 252,166 JPY/sq.m. The market value represents a decrease of 49,439 JPY (-16.4%) compared to 1 year ago and a transition to a weak market. 12 properties exchanged hands (It was the same as last year.).

The average price of Matsusaka Apartment, the lowest market value along this railway was 243,544 JPY/sq.m. The market value represents an increase of 46,020 JPY (+23.3%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 1 (-12.5%) compared to 1 year ago and a transition to a weak 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.)
Ishinndenn67,273 JPYsq.m
(23.7698630136986355.0sq.m)
-95,454 JPYsq.m
(21.26849315068493255.0sq.m)
Tsu252,166 JPYsq.m
(15.61643835616438472.1sq.m)
301,605 JPYsq.m
(12.0728310502283175.4sq.m)
306,422 JPYsq.m
(11.95753424657534276.0sq.m)
Akogi--94,857 JPYsq.m
(18.38904109589041360.0sq.m)
Takachaya---
Matsusaka243,544 JPYsq.m
(13.6904109589041177.9sq.m)
197,525 JPYsq.m
(15.63801369863013878.8sq.m)
209,350 JPYsq.m
(16.8417281348788278.1sq.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

Matsusaka243,544 JPY/sq.m (+23% compared with the previous year)

The average price of Matsusaka Apartment was 243,544 JPY/sq.m. The market value represents an increase of 46,020 JPY (+23.3%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 1 (-12.5%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 13.7 years old (a -12.5% decrease compared to the 15.6 years old of last year.). The average size of the real estate was 77.9 sq.m (a -1.1% decrease compared to the 78.8 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 15.6 years old in 2017 and 13.7 years old in 2018; -12.5%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 37.5% of total transactions in 2017 and 28.6% of total transactions in 2018)

Tsu252,166 JPY/sq.m (-16% compared with the previous year)

The average price of Tsu Apartment was 252,166 JPY/sq.m. The market value represents a decrease of 49,439 JPY (-16.4%) compared to 1 year ago and a transition to a weak market. 12 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 15.6 years old (a +29.4% increase compared to the 12.1 years old of last year.). The average size of the real estate was 72.1 sq.m (a -4.4% decrease compared to the 75.4 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 12.1 years old in 2017 and 15.6 years old in 2018; +29.4%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 16.7% of total transactions in 2017 and 41.7% of total transactions in 2018)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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