JR Sangū Line railway market report
- Type: Apartment
- Line: JR Sangū Line
Iseshi Iseshi [10 stations] - Period: 2021 - FY
Jan, 2021 Dec, 2021
JR Sangū Line Apartment market overview
The average price of JR Sangū Line (Iseshi to Iseshi) Apartment, in Jan, 2021 to Dec, 2021 was 308,382 JPY/sq.m. The market value represents an increase of 45,882 JPY (+17.5%) compared to 1 year ago and a transition to a bull market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 14.1 years old (a -20.3% decrease compared to the 17.6 years old of last year.). The average size of the real estate was 80.0 sq.m (a +3.2% increase compared to the 77.5 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.
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 10% compared to last year. The most dramatic price increase was at Iseshi station, where prices have increased +17.5% compared to last year; a sq.m unit now costs 308,382 JPY/sq.m.
The top 1 stations has seen prices increase +17.5% (+45,882 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +17.5% (+45,882 JPY/sq.m).
Cause of price increases
- A dramatic decrease in average age of the building (representing 17.6 years old in 2020 and 14.1 years old in 2021; -20.3%)
Apartment stations market overview
The average price of Iseshi Apartment, the highest market value along this railway was 308,382 JPY/sq.m. The market value represents an increase of 45,882 JPY (+17.5%) compared to 1 year ago and a transition to a bull market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) 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 308,382 JPY/sq.m. The market value represents an increase of 45,882 JPY (+17.5%) compared to 1 year ago and a transition to a bull market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) compared to 1 year ago and a transition to a dramatic market.).
| JR Sangū Line | This year(2021) (Avg.Age,Dim.) | 1 year ago (Avg.Age,Dim.) | 2 years ago (Avg.Age,Dim.) |
|---|---|---|---|
| Iseshi | 308,382 JPYsq.m (14.0619178082191880.0sq.m) | 262,500 JPYsq.m (17.6410958904109677.5sq.m) | 241,420 JPYsq.m (14.00821917808219180.0sq.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 308,382 JPY/sq.m (+17% compared with the previous year)
The average price of Iseshi Apartment was 308,382 JPY/sq.m. The market value represents an increase of 45,882 JPY (+17.5%) compared to 1 year ago and a transition to a bull market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 14.1 years old (a -20.3% decrease compared to the 17.6 years old of last year.). The average size of the real estate was 80.0 sq.m (a +3.2% increase compared to the 77.5 sq.m of last year.).
Cause of price increases
- A dramatic decrease in average age of the building (representing 17.6 years old in 2020 and 14.1 years old in 2021; -20.3%)
Breakdown of each segment
Station: Segment:
