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 Jul, 2020 to Sep, 2020 was 236,041 JPY/sq.m. The market value represents a decrease of 28,036 JPY (-10.6%) compared to 1 year ago and a transition to a weak market. 3 properties exchanged hands ( The market value represents a decrease of 4 (-57.1%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.2 years old (a +23.3% increase compared to the 13.9 years old of last year.). The average size of the real estate was 76.7 sq.m (a -2.4% decrease compared to the 78.6 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. Tsu station has seen a price decrease of over 20% compared to last year. The most dramatic price increase was at Matsusaka station, where prices have decreased -26.3% compared to last year; a sq.m unit now costs 150,769 JPY/sq.m.

The top 1 stations has seen prices increase -3.2% (-9,174 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -26.3% (-53,875 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 15.7 min in 2019 and 10.3 min in 2020; -34.2%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 13.9 years old in 2019 and 17.2 years old in 2020; +23.3%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 14.3% of total transactions in 2019 and 33.3% of total transactions in 2020)

Apartment stations market overview

The average price of Tsu Apartment, the highest market value along this railway was 278,676 JPY/sq.m. The market value represents a decrease of 9,174 JPY (-3.2%) compared to 1 year ago and a transition to a some market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) 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 150,769 JPY/sq.m. The market value represents a decrease of 53,875 JPY (-26.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) 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(2020)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Ishinndenn---
Tsu278,676 JPYsq.m
(12.01232876712328882.5sq.m)
287,850 JPYsq.m
(14.51232876712328874.0sq.m)
269,940 JPYsq.m
(14.26301369863013870.0sq.m)
Akogi---
Takachaya---
Matsusaka150,769 JPYsq.m
(27.52328767123287565.0sq.m)
204,644 JPYsq.m
(12.5109589041095990.0sq.m)
235,161 JPYsq.m
(15.01369863013698677.5sq.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

Tsu278,676 JPY/sq.m (-3% compared with the previous year)

The average price of Tsu Apartment was 278,676 JPY/sq.m. The market value represents a decrease of 9,174 JPY (-3.2%) compared to 1 year ago and a transition to a some market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 12.0 years old (a -17.2% decrease compared to the 14.5 years old of last year.). The average size of the real estate was 82.5 sq.m (a +11.5% increase compared to the 74.0 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 14.5 years old in 2019 and 12.0 years old in 2020; -17.2%)
  • An decrease in average distance from the station (representing 12.8 min in 2019 and 11.0 min in 2020; -14.1%)

Matsusaka150,769 JPY/sq.m (-26% compared with the previous year)

The average price of Matsusaka Apartment was 150,769 JPY/sq.m. The market value represents a decrease of 53,875 JPY (-26.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 27.5 years old (a +120.0% increase compared to the 12.5 years old of last year.). The average size of the real estate was 65.0 sq.m (a -27.8% decrease compared to the 90.0 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 9.0 min in 2020; -60.9%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 12.5 years old in 2019 and 27.5 years old in 2020; +120.0%)

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)