Ise iron Isesen railway market report

Ise iron Isesen Apartment market overview

The average price of Ise iron Isesen (Yokkaichi to Tsu) Apartment, in Oct, 2019 to Dec, 2019 was 226,666 JPY/sq.m. The market value represents an increase of 46,904 JPY (+26.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 20.3 years old (a +8.0% increase compared to the 18.8 years old of last year.). The average size of the real estate was 55.0 sq.m (a -24.1% decrease compared to the 72.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving size for a general family households less than 100 sq.m.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -56.5% (-173,334 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -56.5% (-173,334 JPY/sq.m).

Cause of price increases

  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2018 and 50.0% of total transactions in 2019)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.5 min in 2018 and 9.5 min in 2019; +72.7%)

Apartment stations market overview

The average price of Tsu Apartment, the highest market value along this railway was 133,333 JPY/sq.m. The market value represents a decrease of 173,334 JPY (-56.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average price of Tsu Apartment, the lowest market value along this railway was 133,333 JPY/sq.m. The market value represents a decrease of 173,334 JPY (-56.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

Ise iron Isesen (Stations Apartment market overview)
Ise iron IsesenThis year(2019)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Yokkaichi320,000 JPYsq.m
(11.75890410958904150.0sq.m)
--
Minamiyokkaichi---
Tamagaki-52,857 JPYsq.m
(24.7698630136986370.0sq.m)
-
Tsu133,333 JPYsq.m
(28.7726027397260360.0sq.m)
306,667 JPYsq.m
(12.76164383561643875.0sq.m)
335,714 JPYsq.m
(16.26438356164383670.0sq.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

Tsu133,333 JPY/sq.m (-57% compared with the previous year)

The average price of Tsu Apartment was 133,333 JPY/sq.m. The market value represents a decrease of 173,334 JPY (-56.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 28.8 years old (a +125.5% increase compared to the 12.8 years old of last year.). The average size of the real estate was 60.0 sq.m (a -20.0% decrease compared to the 75.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 12.8 years old in 2018 and 28.8 years old in 2019; +125.5%)
  • A dramatic increase in average distance from the station (representing 7.0 min in 2018 and 10.0 min in 2019; +42.9%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (https://utinokati.com/en/) where the data will be posted. (As a general rule, prior consent is not required.) Our data is based on Ministry of Land, Infrastructure, Transport, and Tourism of Japan (actual market sales prices)

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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.