JR Kisei Main Line railway market report
- Type: Apartment
- Line: JR Kisei Main Line
Ishinndenn Tokuwa [40 stations] - Period: 2020 - 4Q
Oct, 2020 Dec, 2020
JR Kisei Main Line Apartment market overview
The average price of JR Kisei Main Line (Ishinndenn to Tokuwa) Apartment, in Oct, 2020 to Dec, 2020 was 238,049 JPY/sq.m. The market value represents an increase of 89,963 JPY (+60.8%) 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 15.1 years old (a -19.5% decrease compared to the 18.8 years old of last year.). The average size of the real estate was 71.7 sq.m (a +0.0% decrease compared to the 71.7 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving relatively new buildings under 20 years old.
1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Tsu station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Tsu station, where prices have increased +78.5% compared to last year; a sq.m unit now costs 238,049 JPY/sq.m.
The top 1 stations has seen prices increase +78.5% (+104,716 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +78.5% (+104,716 JPY/sq.m).
Cause of price increases
- An decrease in average age of the building (representing 18.8 years old in 2019 and 15.1 years old in 2020; -19.5%)
- A dramatic decrease in average distance from the station (representing 20.0 min in 2019 and 15.0 min in 2020; -25.0%)
- A slight decrease in transactions involving relatively old buildings under 40 years old (representing 33.3% 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 238,049 JPY/sq.m. The market value represents an increase of 104,716 JPY (+78.5%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).
The average price of Tsu Apartment, the lowest market value along this railway was 238,049 JPY/sq.m. The market value represents an increase of 104,716 JPY (+78.5%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).
| JR Kisei Main Line | This year(2020) (Avg.Age,Dim.) | 1 year ago (Avg.Age,Dim.) | 2 years ago (Avg.Age,Dim.) |
|---|---|---|---|
| Ishinndenn | - | - | 67,273 JPYsq.m (23.7698630136986355.0sq.m) |
| Tsu | 238,049 JPYsq.m (15.0977168949771771.7sq.m) | 133,333 JPYsq.m (28.7726027397260360.0sq.m) | 306,667 JPYsq.m (12.76164383561643875.0sq.m) |
| Akogi | - | 228,571 JPYsq.m (15.76164383561643870.0sq.m) | - |
| Takachaya | - | - | - |
| Matsusaka | - | 82,353 JPYsq.m (11.75890410958904185.0sq.m) | 226,667 JPYsq.m (21.76712328767123275.0sq.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
Tsu 238,049 JPY/sq.m (+79% compared with the previous year)
The average price of Tsu Apartment was 238,049 JPY/sq.m. The market value represents an increase of 104,716 JPY (+78.5%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 15.1 years old (a -47.5% decrease compared to the 28.8 years old of last year.). The average size of the real estate was 71.7 sq.m (a +19.4% increase compared to the 60.0 sq.m of last year.).
Cause of price increases
- A dramatic decrease in average age of the building (representing 28.8 years old in 2019 and 15.1 years old in 2020; -47.5%)
- A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2019 and 33.3% of total transactions in 2020)
Causes of price decreases
- A dramatic increase in average distance from the station (representing 10.0 min in 2019 and 15.0 min in 2020; +50.0%)
Breakdown of each segment
Station: Segment:
