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 Dec, 2019 was 248,679 JPY/sq.m. The market value represents an increase of 8,775 JPY (+3.7%) compared to 1 year ago and a transition to a some market. 25 properties exchanged hands ( The market value represents an increase of 5 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 15.5 years old (a +1.0% increase compared to the 15.3 years old of last year.). The average size of the real estate was 78.6 sq.m (a +7.3% increase compared to the 73.2 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.

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 10% compared to last year. The most dramatic price increase was at Tsu station, where prices have increased +13.9% compared to last year; a sq.m unit now costs 287,311 JPY/sq.m.

The top 1 stations has seen prices increase +13.9% (+35,145 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -19.4% (-47,317 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 40.0% 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 14.9 min in 2018 and 17.4 min in 2019; +16.5%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 10.0% of total transactions in 2018 and 8.0% of total transactions in 2019)

Apartment stations market overview

The average price of Tsu Apartment, the highest market value along this railway was 287,311 JPY/sq.m. The market value represents an increase of 35,145 JPY (+13.9%) compared to 1 year ago and a transition to a bull market. 14 properties exchanged hands ( The market value represents an increase of 2 (+16.7%) compared to 1 year ago and a transition to a bull market.).

The average price of Matsusaka Apartment, the lowest market value along this railway was 196,228 JPY/sq.m. The market value represents a decrease of 47,317 JPY (-19.4%) compared to 1 year ago and a transition to a weak 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.).

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)
-
Tsu287,311 JPYsq.m
(15.83326810176125277.1sq.m)
252,166 JPYsq.m
(15.61643835616438472.1sq.m)
301,605 JPYsq.m
(12.0728310502283175.4sq.m)
Akogi214,286 JPYsq.m
(15.5109589041095967.5sq.m)
--
Takachaya---
Matsusaka196,228 JPYsq.m
(14.98264840182648483.3sq.m)
243,544 JPYsq.m
(13.6904109589041177.9sq.m)
197,525 JPYsq.m
(15.63801369863013878.8sq.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

Tsu287,311 JPY/sq.m (+14% compared with the previous year)

The average price of Tsu Apartment was 287,311 JPY/sq.m. The market value represents an increase of 35,145 JPY (+13.9%) compared to 1 year ago and a transition to a bull market. 14 properties exchanged hands ( The market value represents an increase of 2 (+16.7%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 15.8 years old (a +1.4% increase compared to the 15.6 years old of last year.). The average size of the real estate was 77.1 sq.m (a +7.0% increase compared to the 72.1 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 41.7% of total transactions in 2018 and 28.6% of total transactions in 2019)

Causes of price decreases

  • An decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 16.7% of total transactions in 2018 and 14.3% of total transactions in 2019)

Matsusaka196,228 JPY/sq.m (-19% compared with the previous year)

The average price of Matsusaka Apartment was 196,228 JPY/sq.m. The market value represents a decrease of 47,317 JPY (-19.4%) compared to 1 year ago and a transition to a weak 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 15.0 years old (a +9.4% increase compared to the 13.7 years old of last year.). The average size of the real estate was 83.3 sq.m (a +7.0% increase compared to the 77.9 sq.m of last year.).

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 11.1% of total transactions in 2019)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 17.9 min in 2018 and 23.8 min in 2019; +33.2%)

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)