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 Oct, 2021 to Dec, 2021 was 357,143 JPY/sq.m. The market value represents an increase of 119,094 JPY (+50.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 24.8 years old (a +64.1% increase compared to the 15.1 years old of last year.). The average size of the real estate was 70.0 sq.m (a -2.3% decrease compared to the 71.7 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 20% compared to last year. The most dramatic price increase was at Tsu station, where prices have increased +50.0% compared to last year; a sq.m unit now costs 357,143 JPY/sq.m.

The top 1 stations has seen prices increase +50.0% (+119,094 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +50.0% (+119,094 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 15.1 years old in 2020 and 24.8 years old in 2021; +64.1%)
  • A dramatic increase in average distance from the station (representing 15.0 min in 2020 and 21.0 min in 2021; +40.0%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2020 and 100.0% of total transactions in 2021)

Apartment stations market overview

The average price of Tsu Apartment, the highest market value along this railway was 357,143 JPY/sq.m. The market value represents an increase of 119,094 JPY (+50.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) 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 357,143 JPY/sq.m. The market value represents an increase of 119,094 JPY (+50.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) 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---
Tsu357,143 JPYsq.m
(24.7698630136986370.0sq.m)
238,049 JPYsq.m
(15.0977168949771771.7sq.m)
133,333 JPYsq.m
(28.7726027397260360.0sq.m)
Akogi--228,571 JPYsq.m
(15.76164383561643870.0sq.m)
Takachaya---
Matsusaka--82,353 JPYsq.m
(11.75890410958904185.0sq.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

Tsu357,143 JPY/sq.m (+50% compared with the previous year)

The average price of Tsu Apartment was 357,143 JPY/sq.m. The market value represents an increase of 119,094 JPY (+50.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 24.8 years old (a +64.1% increase compared to the 15.1 years old of last year.). The average size of the real estate was 70.0 sq.m (a -2.3% decrease compared to the 71.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 15.1 years old in 2020 and 24.8 years old in 2021; +64.1%)
  • A dramatic increase in average distance from the station (representing 15.0 min in 2020 and 21.0 min in 2021; +40.0%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2020 and 100.0% of total transactions in 2021)

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)

Safety and Security of Utinokati

Ministry of Land, Infrastructure, Transport and Tourism. Utinokati provides market information based on the latest real estate transaction data collected by the transaction information provision system of the Land Appraisal Committee of the MLIT, Japan.
Utinokati strives to provide high-quality real estate price information while paying attention to the protection of personal information so that everyone can trade real estate with peace of mind.
Utinokati is making various efforts to improve the reliability of information and to allow users to check the land market with peace of mind.