JR Kisei Main Line railway market report
- Type: Apartment
- Line: JR Kisei Main Line
Ishinndenn Tokuwa [40 stations] - Period: 2019 - 2Q
Apr, 2019 Jun, 2019
JR Kisei Main Line Apartment market overview
The average price of JR Kisei Main Line (Ishinndenn to Tokuwa) Apartment, in Apr, 2019 to Jun, 2019 was 290,670 JPY/sq.m. The market value represents a decrease of 30,758 JPY (-9.6%) compared to 1 year ago and a transition to a bear 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 16.8 years old (a +3.1% increase compared to the 16.3 years old of last year.). The average size of the real estate was 79.2 sq.m (a +9.2% increase compared to the 72.5 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old.
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 -3.9% compared to last year; a sq.m unit now costs 308,804 JPY/sq.m.
The top 1 stations has seen prices increase -3.9% (-12,624 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -3.9% (-12,624 JPY/sq.m).
Cause of price increases
- A dramatic decrease in average distance from the station (representing 20.0 min in 2018 and 13.8 min in 2019; -30.8%)
- A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2018 and 16.7% of total transactions in 2019)
Apartment stations market overview
The average price of Tsu Apartment, the highest market value along this railway was 308,804 JPY/sq.m. The market value represents a decrease of 12,624 JPY (-3.9%) compared to 1 year ago and a transition to a some market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) 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 308,804 JPY/sq.m. The market value represents a decrease of 12,624 JPY (-3.9%) compared to 1 year ago and a transition to a some market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) compared to 1 year ago and a transition to a dramatic market.).
| JR Kisei Main Line | This year(2019) (Avg.Age,Dim.) | 1 year ago (Avg.Age,Dim.) | 2 years ago (Avg.Age,Dim.) |
|---|---|---|---|
| Ishinndenn | - | - | - |
| Tsu | 308,804 JPYsq.m (17.06246575342465782.0sq.m) | 321,428 JPYsq.m (16.26301369863013672.5sq.m) | 325,000 JPYsq.m (5.25479452054794680.0sq.m) |
| Akogi | 200,000 JPYsq.m (15.2602739726027465.0sq.m) | - | - |
| Takachaya | - | - | - |
| Matsusaka | - | - | 225,263 JPYsq.m (12.76164383561643885.0sq.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
Tsu 308,804 JPY/sq.m (-4% compared with the previous year)
The average price of Tsu Apartment was 308,804 JPY/sq.m. The market value represents a decrease of 12,624 JPY (-3.9%) compared to 1 year ago and a transition to a some market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 17.1 years old (a +4.9% increase compared to the 16.3 years old of last year.). The average size of the real estate was 82.0 sq.m (a +13.1% increase compared to the 72.5 sq.m of last year.).
Cause of price increases
- A dramatic decrease in average distance from the station (representing 20.0 min in 2018 and 12.6 min in 2019; -37.0%)
- A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2018 and 20.0% of total transactions in 2019)
Breakdown of each segment
Station: Segment: