JR Kisei Main Line railway market report
- Type: Apartment
- Line: JR Kisei Main Line
Ishinndenn Tokuwa [40 stations] - Period: 2021 - FY
Jan, 2021 Dec, 2021
JR Kisei Main Line Apartment market overview
The average price of JR Kisei Main Line (Ishinndenn to Tokuwa) Apartment, in Jan, 2021 to Dec, 2021 was 242,255 JPY/sq.m. The market value represents an increase of 22,083 JPY (+10.0%) compared to 1 year ago and a transition to a bull market. 21 properties exchanged hands (It was the same as last year.).
The average age of the real estate was 20.3 years old (a +26.9% increase compared to the 16.0 years old of last year.). The average size of the real estate was 80.5 sq.m (a +10.5% increase compared to the 72.9 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.
3 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was the same as last year. 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 +19.1% compared to last year; a sq.m unit now costs 227,407 JPY/sq.m.
The top 1 stations has seen prices increase +19.1% (+36,403 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +6.0% (+15,393 JPY/sq.m).
Causes of price decreases
- A dramatic increase in average age of the building (representing 16.0 years old in 2020 and 20.3 years old in 2021; +26.9%)
- A dramatic increase in average distance from the station (representing 12.0 min in 2020 and 17.6 min in 2021; +47.4%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 27.8% of total transactions in 2020 and 52.4% of total transactions in 2021)
Apartment stations market overview
The average price of Tsu Apartment, the highest market value along this railway was 269,828 JPY/sq.m. The market value represents an increase of 15,393 JPY (+6.0%) compared to 1 year ago and a transition to a strong market. 11 properties exchanged hands ( The market value represents an increase of 1 (+10.0%) compared to 1 year ago and a transition to a bull 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 | 100,000 JPYsq.m (26.52328767123287555.0sq.m) | - | - |
| Tsu | 269,828 JPYsq.m (20.19775840597758477.3sq.m) | 254,435 JPYsq.m (15.5389041095890475.0sq.m) | 287,311 JPYsq.m (15.83326810176125277.1sq.m) |
| Akogi | 200,000 JPYsq.m (18.26575342465753685.0sq.m) | 169,231 JPYsq.m (16.26301369863013665.0sq.m) | 214,286 JPYsq.m (15.5109589041095967.5sq.m) |
| Takachaya | - | - | - |
| Matsusaka | 227,407 JPYsq.m (19.89075342465753687.5sq.m) | 191,004 JPYsq.m (16.5843444227005971.5sq.m) | 196,228 JPYsq.m (14.98264840182648483.3sq.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 227,407 JPY/sq.m (+19% compared with the previous year)
The average price of Matsusaka Apartment was 227,407 JPY/sq.m. The market value represents an increase of 36,403 JPY (+19.1%) compared to 1 year ago and a transition to a bull market. 8 properties exchanged hands ( The market value represents a decrease of 2 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 19.9 years old (a +19.9% increase compared to the 16.6 years old of last year.). The average size of the real estate was 87.5 sq.m (a +22.4% increase compared to the 71.5 sq.m of last year.).
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 10.0% of total transactions in 2020 and 12.5% of total transactions in 2021)
Causes of price decreases
- An increase in average age of the building (representing 16.6 years old in 2020 and 19.9 years old in 2021; +19.9%)
- A dramatic increase in average distance from the station (representing 9.9 min in 2020 and 19.8 min in 2021; +99.5%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 28.6% of total transactions in 2020 and 50.0% of total transactions in 2021)
Tsu 269,828 JPY/sq.m (+6% compared with the previous year)
The average price of Tsu Apartment was 269,828 JPY/sq.m. The market value represents an increase of 15,393 JPY (+6.0%) compared to 1 year ago and a transition to a strong market. 11 properties exchanged hands ( The market value represents an increase of 1 (+10.0%) compared to 1 year ago and a transition to a bull market.).
The average age of the real estate was 20.2 years old (a +30.0% increase compared to the 15.5 years old of last year.). The average size of the real estate was 77.3 sq.m (a +3.0% increase compared to the 75.0 sq.m of last year.).
Causes of price decreases
- A dramatic increase in average age of the building (representing 15.5 years old in 2020 and 20.2 years old in 2021; +30.0%)
- A dramatic increase in average distance from the station (representing 12.6 min in 2020 and 15.7 min in 2021; +24.8%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 30.0% of total transactions in 2020 and 54.5% of total transactions in 2021)
Breakdown of each segment
Station: Segment:
