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, 2019 to Mar, 2019 was 242,240 JPY/sq.m. The market value represents an increase of 23,067 JPY (+10.5%) compared to 1 year ago and a transition to a bull market. 9 properties exchanged hands ( The market value represents an increase of 2 (+28.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 14.8 years old (a +4.5% increase compared to the 14.2 years old of last year.). The average size of the real estate was 80.6 sq.m (a +7.4% increase compared to the 75.0 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. Tsu station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Tsu station, where prices have increased +51.5% compared to last year; a sq.m unit now costs 301,918 JPY/sq.m.

The top 1 stations has seen prices increase +51.5% (+102,576 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -21.0% (-56,349 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 28.6% of total transactions in 2018 and 22.2% of total transactions in 2019)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 11.9 min in 2018 and 20.1 min in 2019; +69.6%)

Apartment stations market overview

The average price of Tsu Apartment, the highest market value along this railway was 301,918 JPY/sq.m. The market value represents an increase of 102,576 JPY (+51.5%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) 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 212,401 JPY/sq.m. The market value represents a decrease of 56,349 JPY (-21.0%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 4 (+200.0%) 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(2019)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Ishinndenn---
Tsu301,918 JPYsq.m
(11.67305936073059480.0sq.m)
199,342 JPYsq.m
(17.0115068493150773.0sq.m)
311,233 JPYsq.m
(9.60712328767123277.0sq.m)
Akogi---
Takachaya---
Matsusaka212,401 JPYsq.m
(16.34383561643835580.8sq.m)
268,750 JPYsq.m
(7.00547945205479580.0sq.m)
217,647 JPYsq.m
(9.00547945205479585.0sq.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

Tsu301,918 JPY/sq.m (+51% compared with the previous year)

The average price of Tsu Apartment was 301,918 JPY/sq.m. The market value represents an increase of 102,576 JPY (+51.5%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 11.7 years old (a -31.4% decrease compared to the 17.0 years old of last year.). The average size of the real estate was 80.0 sq.m (a +9.6% increase compared to the 73.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 17.0 years old in 2018 and 11.7 years old in 2019; -31.4%)
  • An decrease in transactions involving relatively old buildings under 40 years old (representing 40.0% of total transactions in 2018 and 33.3% of total transactions in 2019)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.6 min in 2018 and 14.3 min in 2019; +35.2%)

Matsusaka212,401 JPY/sq.m (-21% compared with the previous year)

The average price of Matsusaka Apartment was 212,401 JPY/sq.m. The market value represents a decrease of 56,349 JPY (-21.0%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 4 (+200.0%) 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 +133.3% increase compared to the 7.0 years old of last year.). The average size of the real estate was 80.8 sq.m (a +1.0% increase compared to the 80.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 7.0 years old in 2018 and 16.3 years old in 2019; +133.3%)
  • A dramatic increase in average distance from the station (representing 15.0 min in 2018 and 23.0 min in 2019; +53.3%)

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)