JR Kisei Main Line railway market report
- Type: Apartment
- Line: JR Kisei Main Line
Ishinndenn Tokuwa [40 stations] - Period: 2019 - 3Q
Jul, 2019 Sep, 2019
JR Kisei Main Line Apartment market overview
The average price of JR Kisei Main Line (Ishinndenn to Tokuwa) Apartment, in Jul, 2019 to Sep, 2019 was 264,077 JPY/sq.m. The market value represents an increase of 11,526 JPY (+4.6%) compared to 1 year ago and a transition to a some 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 13.9 years old (a -4.8% decrease compared to the 14.6 years old of last year.). The average size of the real estate was 78.6 sq.m (a +6.5% increase compared to the 73.8 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.
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 5% compared to last year. The most dramatic price increase was at Tsu station, where prices have increased +6.6% compared to last year; a sq.m unit now costs 287,850 JPY/sq.m.
The top 1 stations has seen prices increase +6.6% (+17,910 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -13.0% (-30,517 JPY/sq.m).
Cause of price increases
- A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 37.5% of total transactions in 2018 and 14.3% of total transactions in 2019)
Causes of price decreases
- An increase in average distance from the station (representing 14.2 min in 2018 and 15.7 min in 2019; +10.3%)
Apartment stations market overview
The average price of Tsu Apartment, the highest market value along this railway was 287,850 JPY/sq.m. The market value represents an increase of 17,910 JPY (+6.6%) compared to 1 year ago and a transition to a strong market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) 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 204,644 JPY/sq.m. The market value represents a decrease of 30,517 JPY (-13.0%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) 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 | 287,850 JPYsq.m (14.51232876712328874.0sq.m) | 269,940 JPYsq.m (14.26301369863013870.0sq.m) | 266,667 JPYsq.m (14.76369863013698675.0sq.m) |
| Akogi | - | - | - |
| Takachaya | - | - | - |
| Matsusaka | 204,644 JPYsq.m (12.5109589041095990.0sq.m) | 235,161 JPYsq.m (15.01369863013698677.5sq.m) | 179,808 JPYsq.m (22.51917808219178272.5sq.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 287,850 JPY/sq.m (+7% compared with the previous year)
The average price of Tsu Apartment was 287,850 JPY/sq.m. The market value represents an increase of 17,910 JPY (+6.6%) compared to 1 year ago and a transition to a strong market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 14.5 years old (a +1.7% increase compared to the 14.3 years old of last year.). The average size of the real estate was 74.0 sq.m (a +5.7% increase compared to the 70.0 sq.m of last year.).
Cause of price increases
- 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)
Causes of price decreases
- An increase in average distance from the station (representing 10.8 min in 2018 and 12.8 min in 2019; +19.1%)
Matsusaka 204,644 JPY/sq.m (-13% compared with the previous year)
The average price of Matsusaka Apartment was 204,644 JPY/sq.m. The market value represents a decrease of 30,517 JPY (-13.0%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 12.5 years old (a -16.7% decrease compared to the 15.0 years old of last year.). The average size of the real estate was 90.0 sq.m (a +16.1% increase compared to the 77.5 sq.m of last year.).
Cause of price increases
- An decrease in average age of the building (representing 15.0 years old in 2018 and 12.5 years old in 2019; -16.7%)
Causes of price decreases
- A dramatic increase in average distance from the station (representing 17.8 min in 2018 and 23.0 min in 2019; +29.6%)
Breakdown of each segment
Station: Segment:
