Ise iron Isesen railway market report

Ise iron Isesen Apartment market overview

The average price of Ise iron Isesen (Yokkaichi to Tsu) Apartment, in Jul, 2018 to Sep, 2018 was 269,940 JPY/sq.m. The market value represents a decrease of 5,893 JPY (-2.1%) compared to 1 year ago and a transition to a slight market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 14.3 years old (a +12.2% increase compared to the 12.7 years old of last year.). The average size of the real estate was 70.0 sq.m (a -7.9% decrease compared to the 76.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving new buildings under 10 years old.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased.

The top 1 stations has seen prices increase +1.2% (+3,274 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +1.2% (+3,274 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 15.2 min in 2017 and 10.8 min in 2018; -29.3%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 20.0% of total transactions in 2017 and 25.0% of total transactions in 2018)

Causes of price decreases

  • An increase in average age of the building (representing 12.7 years old in 2017 and 14.3 years old in 2018; +12.2%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 20.0% of total transactions in 2017 and 50.0% of total transactions in 2018)

Apartment stations market overview

The average price of Tsu Apartment, the highest market value along this railway was 269,940 JPY/sq.m. The market value represents an increase of 3,274 JPY (+1.2%) compared to 1 year ago and a transition to a slight market. 4 properties exchanged hands (It was the same as last year.).

The average price of Tsu Apartment, the lowest market value along this railway was 269,940 JPY/sq.m. The market value represents an increase of 3,274 JPY (+1.2%) compared to 1 year ago and a transition to a slight market. 4 properties exchanged hands (It was the same as last year.).

Ise iron Isesen (Stations Apartment market overview)
Ise iron IsesenThis year(2018)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Yokkaichi-312,500 JPYsq.m
(4.50684931506849380.0sq.m)
-
Minamiyokkaichi---
Tamagaki---
Tsu269,940 JPYsq.m
(14.26301369863013870.0sq.m)
266,667 JPYsq.m
(14.76369863013698675.0sq.m)
286,090 JPYsq.m
(14.51506849315068482.5sq.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

Tsu269,940 JPY/sq.m (+1% compared with the previous year)

The average price of Tsu Apartment was 269,940 JPY/sq.m. The market value represents an increase of 3,274 JPY (+1.2%) compared to 1 year ago and a transition to a slight market. 4 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 14.3 years old (a -3.4% decrease compared to the 14.8 years old of last year.). The average size of the real estate was 70.0 sq.m (a -6.7% decrease compared to the 75.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 18.0 min in 2017 and 10.8 min in 2018; -40.3%)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2017 and 50.0% of total transactions in 2018)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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Corporate Profile

Company Name Utinokati
Utinokati Real estate media providing price quotes and price trends for condominiums, homes, land and rental properties in 250,000 locations nationwide, along more than 20,000 train lines and stations, as well as rent quotes and rent trends.
Totinokati Real estate media providing public land prices, roadside land prices (inheritance tax assessed values), and property tax assessed values for 10,000 areas and station areas nationwide, based on the Ministry of Land, Infrastructure, Transport and Tourism's public notice of land prices.
Location Kudanminami 1-5-6, Chiyoda-ku, Tokyo, Japan
Foundation November, 2014
Mission Our mission is to use past real estate transaction data to visualize real estate pricing across Japan and offer that information to users in a convenient fashion.