JR Kisei Main Line railway market report
- Type: Apartment
- Line: JR Kisei Main Line
Ishinndenn Tokuwa [40 stations] - Period: 2021 - 2Q
Apr, 2021 Jun, 2021
JR Kisei Main Line Apartment market overview
The average price of JR Kisei Main Line (Ishinndenn to Tokuwa) Apartment, in Apr, 2021 to Jun, 2021 was 213,110 JPY/sq.m. The market value represents an increase of 7,223 JPY (+3.5%) compared to 1 year ago and a transition to a some market. 9 properties exchanged hands ( The market value represents an increase of 1 (+12.5%) compared to 1 year ago and a transition to a bull market.).
The average age of the real estate was 20.0 years old (a +18.1% increase compared to the 17.0 years old of last year.). The average size of the real estate was 86.7 sq.m (a +11.8% increase compared to the 77.5 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.
2 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Akogi, Matsusaka station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Matsusaka station, where prices have increased +19.0% compared to last year; a sq.m unit now costs 213,580 JPY/sq.m.
The top 1 stations has seen prices increase +19.0% (+34,130 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -7.1% (-16,625 JPY/sq.m).
Causes of price decreases
- An increase in average age of the building (representing 17.0 years old in 2020 and 20.0 years old in 2021; +18.1%)
- A dramatic increase in average distance from the station (representing 15.2 min in 2020 and 19.0 min in 2021; +24.6%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 28.6% of total transactions in 2020 and 44.4% of total transactions in 2021)
Apartment stations market overview
The average price of Tsu Apartment, the highest market value along this railway was 218,254 JPY/sq.m. The market value represents a decrease of 16,625 JPY (-7.1%) compared to 1 year ago and a transition to a bear market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-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 200,000 JPY/sq.m. The market value represents an increase of 30,769 JPY (+18.2%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands (It was the same as last year.).
| JR Kisei Main Line | This year(2021) (Avg.Age,Dim.) | 1 year ago (Avg.Age,Dim.) | 2 years ago (Avg.Age,Dim.) |
|---|---|---|---|
| Ishinndenn | - | - | - |
| Tsu | 218,254 JPYsq.m (21.76712328767123280.0sq.m) | 234,879 JPYsq.m (19.51643835616438277.5sq.m) | 308,804 JPYsq.m (17.06246575342465782.0sq.m) |
| Akogi | 200,000 JPYsq.m (18.26575342465753685.0sq.m) | 169,231 JPYsq.m (16.26301369863013665.0sq.m) | 200,000 JPYsq.m (15.2602739726027465.0sq.m) |
| Takachaya | - | - | - |
| Matsusaka | 213,580 JPYsq.m (19.76575342465753689.2sq.m) | 179,449 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
Matsusaka 213,580 JPY/sq.m (+19% compared with the previous year)
The average price of Matsusaka Apartment was 213,580 JPY/sq.m. The market value represents an increase of 34,130 JPY (+19.0%) compared to 1 year ago and a transition to a bull market. 6 properties exchanged hands ( The market value represents an increase of 3 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 19.8 years old (a +61.2% increase compared to the 12.3 years old of last year.). The average size of the real estate was 89.2 sq.m (a +9.2% increase compared to the 81.7 sq.m of last year.).
Causes of price decreases
- A dramatic increase in average age of the building (representing 12.3 years old in 2020 and 19.8 years old in 2021; +61.2%)
- A dramatic increase in average distance from the station (representing 16.0 min in 2020 and 21.7 min in 2021; +35.4%)
Tsu 218,254 JPY/sq.m (-7% compared with the previous year)
The average price of Tsu Apartment was 218,254 JPY/sq.m. The market value represents a decrease of 16,625 JPY (-7.1%) compared to 1 year ago and a transition to a bear market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 21.8 years old (a +11.5% increase compared to the 19.5 years old of last year.). The average size of the real estate was 80.0 sq.m (a +3.2% increase compared to the 77.5 sq.m of last year.).
Cause of price increases
- A slight decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2020 and 50.0% of total transactions in 2021)
Causes of price decreases
- An increase in average age of the building (representing 19.5 years old in 2020 and 21.8 years old in 2021; +11.5%)
- A dramatic increase in average distance from the station (representing 12.0 min in 2020 and 16.0 min in 2021; +33.3%)
Breakdown of each segment
Station: Segment:
