JR Sangū Line railway market report
- Type: Apartment
- Line: JR Sangū Line
Iseshi Iseshi [10 stations] - Period: 2020 - FY
Jul, 2020 Dec, 2020
JR Sangū Line Apartment market overview
The average price of JR Sangū Line (Iseshi to Iseshi) Apartment, in Jul, 2020 to Dec, 2020 was 262,500 JPY/sq.m. The market value represents an increase of 21,080 JPY (+8.7%) compared to 1 year ago and a transition to a strong 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 17.6 years old (a +25.9% increase compared to the 14.0 years old of last year.). The average size of the real estate was 77.5 sq.m (a -3.1% decrease compared to the 80.0 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. The market value increased in all stations. Iseshi station has seen a price increase of over 5% compared to last year. The most dramatic price increase was at Iseshi station, where prices have increased +8.7% compared to last year; a sq.m unit now costs 262,500 JPY/sq.m.
The top 1 stations has seen prices increase +8.7% (+21,080 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +8.7% (+21,080 JPY/sq.m).
Cause of price increases
- An decrease in average distance from the station (representing 12.3 min in 2019 and 10.0 min in 2020; -18.9%)
Causes of price decreases
- A dramatic increase in average age of the building (representing 14.0 years old in 2019 and 17.6 years old in 2020; +25.9%)
Apartment stations market overview
The average price of Iseshi Apartment, the highest market value along this railway was 262,500 JPY/sq.m. The market value represents an increase of 21,080 JPY (+8.7%) compared to 1 year ago and a transition to a strong 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 Iseshi Apartment, the lowest market value along this railway was 262,500 JPY/sq.m. The market value represents an increase of 21,080 JPY (+8.7%) compared to 1 year ago and a transition to a strong 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 Sangū Line | This year(2020) (Avg.Age,Dim.) | 1 year ago (Avg.Age,Dim.) | 2 years ago (Avg.Age,Dim.) |
|---|---|---|---|
| Iseshi | 262,500 JPYsq.m (17.6410958904109677.5sq.m) | 241,420 JPYsq.m (14.00821917808219180.0sq.m) | 320,000 JPYsq.m (14.51232876712328875.0sq.m) |
*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
Iseshi 262,500 JPY/sq.m (+9% compared with the previous year)
The average price of Iseshi Apartment was 262,500 JPY/sq.m. The market value represents an increase of 21,080 JPY (+8.7%) compared to 1 year ago and a transition to a strong 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 17.6 years old (a +25.9% increase compared to the 14.0 years old of last year.). The average size of the real estate was 77.5 sq.m (a -3.1% decrease compared to the 80.0 sq.m of last year.).
Cause of price increases
- An decrease in average distance from the station (representing 12.3 min in 2019 and 10.0 min in 2020; -18.9%)
Causes of price decreases
- A dramatic increase in average age of the building (representing 14.0 years old in 2019 and 17.6 years old in 2020; +25.9%)
Breakdown of each segment
Station: Segment:
