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, 2021 to Sep, 2021 was 232,143 JPY/sq.m. The market value represents a decrease of 3,898 JPY (-1.7%) compared to 1 year ago and a transition to a slight market. 3 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 22.2 years old (a +29.1% increase compared to the 17.2 years old of last year.). The average size of the real estate was 68.3 sq.m (a -10.9% decrease compared to the 76.7 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; 0 stations have experienced decreased prices. Market value of most stations decreased. Tsu station has seen a price increase of over 5% compared to last year. The most dramatic price increase was at Tsu station, where prices have increased +7.0% compared to last year; a sq.m unit now costs 298,214 JPY/sq.m.

The top 1 stations has seen prices increase +7.0% (+19,538 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +7.0% (+19,538 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 17.2 years old in 2020 and 22.2 years old in 2021; +29.1%)
  • A dramatic increase in average distance from the station (representing 10.3 min in 2020 and 19.0 min in 2021; +83.9%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2020 and 66.7% of total transactions in 2021)

Apartment stations market overview

The average price of Tsu Apartment, the highest market value along this railway was 298,214 JPY/sq.m. The market value represents an increase of 19,538 JPY (+7.0%) compared to 1 year ago and a transition to a strong market. 2 properties exchanged hands (It was the same as last year.).

The average price of Tsu Apartment, the lowest market value along this railway was 298,214 JPY/sq.m. The market value represents an increase of 19,538 JPY (+7.0%) compared to 1 year ago and a transition to a strong market. 2 properties exchanged hands (It was the same as last year.).

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.)
Ishinndenn100,000 JPYsq.m
(26.52328767123287555.0sq.m)
--
Tsu298,214 JPYsq.m
(20.01780821917808275.0sq.m)
278,676 JPYsq.m
(12.01232876712328882.5sq.m)
287,850 JPYsq.m
(14.51232876712328874.0sq.m)
Akogi---
Takachaya---
Matsusaka-150,769 JPYsq.m
(27.52328767123287565.0sq.m)
204,644 JPYsq.m
(12.5109589041095990.0sq.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

Tsu298,214 JPY/sq.m (+7% compared with the previous year)

The average price of Tsu Apartment was 298,214 JPY/sq.m. The market value represents an increase of 19,538 JPY (+7.0%) compared to 1 year ago and a transition to a strong market. 2 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 20.0 years old (a +66.6% increase compared to the 12.0 years old of last year.). The average size of the real estate was 75.0 sq.m (a -9.1% decrease compared to the 82.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 12.0 years old in 2020 and 20.0 years old in 2021; +66.6%)
  • A dramatic increase in average distance from the station (representing 11.0 min in 2020 and 13.5 min in 2021; +22.7%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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