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 Oct, 2019 to Dec, 2019 was 148,086 JPY/sq.m. The market value represents a decrease of 52,117 JPY (-26.0%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 18.8 years old (a -3.4% decrease compared to the 19.4 years old of last year.). The average size of the real estate was 71.7 sq.m (a +4.9% increase compared to the 68.3 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; 2 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -56.5% (-173,334 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -63.7% (-144,314 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2018 and 33.3% of total transactions in 2019)

Apartment stations market overview

The average price of Tsu Apartment, the highest market value along this railway was 133,333 JPY/sq.m. The market value represents a decrease of 173,334 JPY (-56.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average price of Matsusaka Apartment, the lowest market value along this railway was 82,353 JPY/sq.m. The market value represents a decrease of 144,314 JPY (-63.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

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-67,273 JPYsq.m
(23.7698630136986355.0sq.m)
-
Tsu133,333 JPYsq.m
(28.7726027397260360.0sq.m)
306,667 JPYsq.m
(12.76164383561643875.0sq.m)
335,714 JPYsq.m
(16.26438356164383670.0sq.m)
Akogi228,571 JPYsq.m
(15.76164383561643870.0sq.m)
--
Takachaya---
Matsusaka82,353 JPYsq.m
(11.75890410958904185.0sq.m)
226,667 JPYsq.m
(21.76712328767123275.0sq.m)
167,381 JPYsq.m
(18.26575342465753672.5sq.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

Tsu133,333 JPY/sq.m (-57% compared with the previous year)

The average price of Tsu Apartment was 133,333 JPY/sq.m. The market value represents a decrease of 173,334 JPY (-56.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 28.8 years old (a +125.5% increase compared to the 12.8 years old of last year.). The average size of the real estate was 60.0 sq.m (a -20.0% decrease compared to the 75.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 12.8 years old in 2018 and 28.8 years old in 2019; +125.5%)
  • A dramatic increase in average distance from the station (representing 7.0 min in 2018 and 10.0 min in 2019; +42.9%)

Matsusaka82,353 JPY/sq.m (-64% compared with the previous year)

The average price of Matsusaka Apartment was 82,353 JPY/sq.m. The market value represents a decrease of 144,314 JPY (-63.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 11.8 years old (a -46.0% decrease compared to the 21.8 years old of last year.). The average size of the real estate was 85.0 sq.m (a +13.3% increase compared to the 75.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 21.8 years old in 2018 and 11.8 years old in 2019; -46.0%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 24.0 min in 2018 and 30.0 min in 2019; +25.0%)

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)