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 Apr, 2020 to Jun, 2020 was 205,887 JPY/sq.m. The market value represents a decrease of 84,783 JPY (-29.2%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 2 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.0 years old (a +1.3% increase compared to the 16.8 years old of last year.). The average size of the real estate was 77.5 sq.m (a -2.1% decrease compared to the 79.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old.

0 stations have experienced increased prices; 2 stations have experienced decreased prices. The market value decreased in all stations. Akogi station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Tsu station, where prices have decreased -23.9% compared to last year; a sq.m unit now costs 234,879 JPY/sq.m.

The top 1 stations has seen prices increase -15.4% (-30,769 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -23.9% (-73,925 JPY/sq.m).

Causes of price decreases

  • An increase in average distance from the station (representing 13.8 min in 2019 and 15.2 min in 2020; +10.2%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 16.7% of total transactions in 2019 and 28.6% of total transactions in 2020)

Apartment stations market overview

The average price of Tsu Apartment, the highest market value along this railway was 234,879 JPY/sq.m. The market value represents a decrease of 73,925 JPY (-23.9%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Akogi Apartment, the lowest market value along this railway was 169,231 JPY/sq.m. The market value represents a decrease of 30,769 JPY (-15.4%) compared to 1 year ago and a transition to a weak 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(2020)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Ishinndenn---
Tsu234,879 JPYsq.m
(19.51643835616438277.5sq.m)
308,804 JPYsq.m
(17.06246575342465782.0sq.m)
321,428 JPYsq.m
(16.26301369863013672.5sq.m)
Akogi169,231 JPYsq.m
(16.26301369863013665.0sq.m)
200,000 JPYsq.m
(15.2602739726027465.0sq.m)
-
Takachaya---
Matsusaka179,449 JPYsq.m
(12.2602739726027481.7sq.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

Akogi169,231 JPY/sq.m (-15% compared with the previous year)

The average price of Akogi Apartment was 169,231 JPY/sq.m. The market value represents a decrease of 30,769 JPY (-15.4%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 16.3 years old (a +6.6% increase compared to the 15.3 years old of last year.). The average size of the real estate was 65.0 sq.m (a +0.0% decrease compared to the 65.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 20.0 min in 2019 and 26.0 min in 2020; +30.0%)

Tsu234,879 JPY/sq.m (-24% compared with the previous year)

The average price of Tsu Apartment was 234,879 JPY/sq.m. The market value represents a decrease of 73,925 JPY (-23.9%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.5 years old (a +14.4% increase compared to the 17.1 years old of last year.). The average size of the real estate was 77.5 sq.m (a -5.5% decrease compared to the 82.0 sq.m of last year.).

Causes of price decreases

  • An increase in average age of the building (representing 17.1 years old in 2019 and 19.5 years old in 2020; +14.4%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 20.0% of total transactions in 2019 and 50.0% 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)