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 Sep, 2020 was 217,193 JPY/sq.m. The market value represents a decrease of 31,486 JPY (-12.7%) compared to 1 year ago and a transition to a weak market. 18 properties exchanged hands ( The market value represents a decrease of 7 (-28.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.2 years old (a +4.3% increase compared to the 15.5 years old of last year.). The average size of the real estate was 73.1 sq.m (a -7.1% 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 locations less than ten minutes by foot from the station.

0 stations have experienced increased prices; 3 stations have experienced decreased prices. The market value decreased in all stations. Matsusaka station has seen a price decrease of over 20% compared to last year. The most dramatic price increase was at Akogi station, where prices have decreased -21.0% compared to last year; a sq.m unit now costs 169,231 JPY/sq.m.

The top 1 stations has seen prices increase -2.7% (-5,223 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -21.0% (-45,054 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 17.4 min in 2019 and 11.4 min in 2020; -34.1%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 8.0% of total transactions in 2019 and 11.1% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 20.0% of total transactions in 2019 and 26.7% of total transactions in 2020)

Apartment stations market overview

The average price of Tsu Apartment, the highest market value along this railway was 261,458 JPY/sq.m. The market value represents a decrease of 25,854 JPY (-9.0%) compared to 1 year ago and a transition to a bear market. 7 properties exchanged hands ( The market value represents a decrease of 7 (-50.0%) 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 45,054 JPY (-21.0%) 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--67,273 JPYsq.m
(23.7698630136986355.0sq.m)
Tsu261,458 JPYsq.m
(15.727984344422776.4sq.m)
287,311 JPYsq.m
(15.83326810176125277.1sq.m)
252,166 JPYsq.m
(15.61643835616438472.1sq.m)
Akogi169,231 JPYsq.m
(16.26301369863013665.0sq.m)
214,286 JPYsq.m
(15.5109589041095967.5sq.m)
-
Takachaya---
Matsusaka191,004 JPYsq.m
(16.5843444227005971.5sq.m)
196,228 JPYsq.m
(14.98264840182648483.3sq.m)
243,544 JPYsq.m
(13.6904109589041177.9sq.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

Matsusaka191,004 JPY/sq.m (-3% compared with the previous year)

The average price of Matsusaka Apartment was 191,004 JPY/sq.m. The market value represents a decrease of 5,223 JPY (-2.7%) compared to 1 year ago and a transition to a slight market. 10 properties exchanged hands ( The market value represents an increase of 1 (+11.1%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 16.6 years old (a +10.7% increase compared to the 15.0 years old of last year.). The average size of the real estate was 71.5 sq.m (a -14.2% decrease compared to the 83.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 23.8 min in 2019 and 9.9 min in 2020; -58.4%)

Causes of price decreases

  • An increase in average age of the building (representing 15.0 years old in 2019 and 16.6 years old in 2020; +10.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 11.1% of total transactions in 2019 and 28.6% of total transactions in 2020)

Akogi169,231 JPY/sq.m (-21% compared with the previous year)

The average price of Akogi Apartment was 169,231 JPY/sq.m. The market value represents a decrease of 45,054 JPY (-21.0%) 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 16.3 years old (a +4.8% increase compared to the 15.5 years old of last year.). The average size of the real estate was 65.0 sq.m (a -3.7% decrease compared to the 67.5 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%)

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)