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, 2020 to Mar, 2020 was 222,037 JPY/sq.m. The market value represents a decrease of 20,203 JPY (-8.3%) compared to 1 year ago and a transition to a bear market. 7 properties exchanged hands ( The market value represents a decrease of 2 (-22.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 14.4 years old (a -2.5% decrease compared to the 14.8 years old of last year.). The average size of the real estate was 66.4 sq.m (a -17.5% decrease compared to the 80.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten 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 10% compared to last year. The most dramatic price increase was at Tsu station, where prices have increased +10.4% compared to last year; a sq.m unit now costs 333,333 JPY/sq.m.

The top 1 stations has seen prices increase +10.4% (+31,415 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -4.2% (-8,914 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 20.1 min in 2019 and 7.6 min in 2020; -62.4%)
  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 22.2% of total transactions in 2019 and 20.0% of total transactions in 2020)

Apartment stations market overview

The average price of Tsu Apartment, the highest market value along this railway was 333,333 JPY/sq.m. The market value represents an increase of 31,415 JPY (+10.4%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) 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 203,488 JPY/sq.m. The market value represents a decrease of 8,914 JPY (-4.2%) compared to 1 year ago and a transition to a some market. 6 properties exchanged hands (It was the same as last year.).

JR Kisei Main Line (Stations Apartment market overview)
JR Kisei Main LineThis year(2020)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Ishinndenn---
Tsu333,333 JPYsq.m
(8.00547945205479560.0sq.m)
301,918 JPYsq.m
(11.67305936073059480.0sq.m)
199,342 JPYsq.m
(17.0115068493150773.0sq.m)
Akogi---
Takachaya---
Matsusaka203,488 JPYsq.m
(16.0116438356164467.5sq.m)
212,401 JPYsq.m
(16.34383561643835580.8sq.m)
268,750 JPYsq.m
(7.00547945205479580.0sq.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

Tsu333,333 JPY/sq.m (+10% compared with the previous year)

The average price of Tsu Apartment was 333,333 JPY/sq.m. The market value represents an increase of 31,415 JPY (+10.4%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 8.0 years old (a -31.4% decrease compared to the 11.7 years old of last year.). The average size of the real estate was 60.0 sq.m (a -25.0% decrease compared to the 80.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 11.7 years old in 2019 and 8.0 years old in 2020; -31.4%)
  • A dramatic decrease in average distance from the station (representing 14.3 min in 2019 and 11.0 min in 2020; -23.3%)

Matsusaka203,488 JPY/sq.m (-4% compared with the previous year)

The average price of Matsusaka Apartment was 203,488 JPY/sq.m. The market value represents a decrease of 8,914 JPY (-4.2%) compared to 1 year ago and a transition to a some market. 6 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 16.0 years old (a -2.0% decrease compared to the 16.3 years old of last year.). The average size of the real estate was 67.5 sq.m (a -16.5% decrease compared to the 80.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 23.0 min in 2019 and 7.0 min in 2020; -69.6%)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 16.7% of total transactions in 2019 and 25.0% of total transactions in 2020)

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)