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, 2021 to Mar, 2021 was 275,967 JPY/sq.m. The market value represents an increase of 53,930 JPY (+24.3%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 1 (-14.3%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 18.3 years old (a +27.3% increase compared to the 14.4 years old of last year.). The average size of the real estate was 78.3 sq.m (a +17.9% increase compared to the 66.4 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.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Matsusaka station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Matsusaka station, where prices have increased +52.9% compared to last year; a sq.m unit now costs 311,111 JPY/sq.m.

The top 1 stations has seen prices increase +52.9% (+107,624 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -19.3% (-64,395 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.3% of total transactions in 2020 and 33.3% of total transactions in 2021)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 14.4 years old in 2020 and 18.3 years old in 2021; +27.3%)
  • A dramatic increase in average distance from the station (representing 7.6 min in 2020 and 14.2 min in 2021; +87.1%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 20.0% of total transactions in 2020 and 50.0% of total transactions in 2021)

Apartment stations market overview

The average price of Matsusaka Apartment, the highest market value along this railway was 311,111 JPY/sq.m. The market value represents an increase of 107,624 JPY (+52.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 5 (-83.3%) 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 268,938 JPY/sq.m. The market value represents a decrease of 64,395 JPY (-19.3%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) 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(2021)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Ishinndenn---
Tsu268,938 JPYsq.m
(19.01369863013698676.0sq.m)
333,333 JPYsq.m
(8.00547945205479560.0sq.m)
301,918 JPYsq.m
(11.67305936073059480.0sq.m)
Akogi---
Takachaya---
Matsusaka311,111 JPYsq.m
(15.0109589041095990.0sq.m)
203,488 JPYsq.m
(16.0116438356164467.5sq.m)
212,401 JPYsq.m
(16.34383561643835580.8sq.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

Matsusaka311,111 JPY/sq.m (+53% compared with the previous year)

The average price of Matsusaka Apartment was 311,111 JPY/sq.m. The market value represents an increase of 107,624 JPY (+52.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 5 (-83.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 15.0 years old (a -6.2% decrease compared to the 16.0 years old of last year.). The average size of the real estate was 90.0 sq.m (a +33.3% increase compared to the 67.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 7.0 min in 2020 and 3.0 min in 2021; -57.1%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 16.7% of total transactions in 2020 and 100.0% of total transactions in 2021)

Tsu268,938 JPY/sq.m (-19% compared with the previous year)

The average price of Tsu Apartment was 268,938 JPY/sq.m. The market value represents a decrease of 64,395 JPY (-19.3%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.0 years old (a +137.5% increase compared to the 8.0 years old of last year.). The average size of the real estate was 76.0 sq.m (a +26.7% increase compared to the 60.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 8.0 years old in 2020 and 19.0 years old in 2021; +137.5%)
  • A dramatic increase in average distance from the station (representing 11.0 min in 2020 and 16.4 min in 2021; +49.1%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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