JR Kisei Main Line railway market report
- Type: Apartment
- Line: JR Kisei Main Line
Ishinndenn Tokuwa [40 stations] - Period: 2021 - 4Q
Oct, 2021 Dec, 2021
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 295,238 JPY/sq.m. The market value represents an increase of 57,189 JPY (+24.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) 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 +44.2% increase compared to the 15.1 years old of last year.). The average size of the real estate was 80.0 sq.m (a +11.6% increase 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 new buildings under 20 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 +24.0% compared to last year; a sq.m unit now costs 295,238 JPY/sq.m.
The top 1 stations has seen prices increase +24.0% (+57,189 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +24.0% (+57,189 JPY/sq.m).
Causes of price decreases
- A dramatic increase in average age of the building (representing 15.1 years old in 2020 and 21.8 years old in 2021; +44.2%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2020 and 50.0% of total transactions in 2021)
Apartment stations market overview
The average price of Tsu Apartment, the highest market value along this railway was 295,238 JPY/sq.m. The market value represents an increase of 57,189 JPY (+24.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) 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 295,238 JPY/sq.m. The market value represents an increase of 57,189 JPY (+24.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).
| JR Kisei Main Line | This year(2021) (Avg.Age,Dim.) | 1 year ago (Avg.Age,Dim.) | 2 years ago (Avg.Age,Dim.) |
|---|---|---|---|
| Ishinndenn | - | - | - |
| Tsu | 295,238 JPYsq.m (21.76849315068493280.0sq.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
Tsu 295,238 JPY/sq.m (+24% compared with the previous year)
The average price of Tsu Apartment was 295,238 JPY/sq.m. The market value represents an increase of 57,189 JPY (+24.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) 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 +44.2% increase compared to the 15.1 years old of last year.). The average size of the real estate was 80.0 sq.m (a +11.6% increase 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 21.8 years old in 2021; +44.2%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2020 and 50.0% of total transactions in 2021)
Breakdown of each segment
Station: Segment:
