Ise iron Isesen railway market report

Ise iron Isesen Apartment market overview

The average price of Ise iron Isesen (Yokkaichi to Tsu) Apartment, in Apr, 2020 to Jun, 2020 was 202,774 JPY/sq.m. The market value represents a decrease of 87,896 JPY (-30.2%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 23.9 years old (a +26.4% increase compared to the 18.9 years old of last year.). The average size of the real estate was 73.3 sq.m (a -6.4% decrease compared to the 78.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old.

0 stations have experienced increased prices; 2 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -23.9% (-73,925 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -55.6% (-111,111 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 12.5 min in 2019 and 10.5 min in 2020; -16.0%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.9 years old in 2019 and 23.9 years old in 2020; +26.4%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2019 and 66.7% of total transactions in 2020)

Apartment stations market overview

The average price of Tsu Apartment, the highest market value along this railway was 234,879 JPY/sq.m. The market value represents a decrease of 73,925 JPY (-23.9%) compared to 1 year ago and a transition to a dramatic 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 price of Yokkaichi Apartment, the lowest market value along this railway was 88,889 JPY/sq.m. The market value represents a decrease of 111,111 JPY (-55.6%) 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(2020)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Yokkaichi88,889 JPYsq.m
(34.27671232876712545.0sq.m)
200,000 JPYsq.m
(28.2712328767123360.0sq.m)
-
Minamiyokkaichi188,235 JPYsq.m
(31.27397260273972585.0sq.m)
--
Tamagaki---
Tsu234,879 JPYsq.m
(19.51643835616438277.5sq.m)
308,804 JPYsq.m
(17.06246575342465782.0sq.m)
321,428 JPYsq.m
(16.26301369863013672.5sq.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

Tsu234,879 JPY/sq.m (-24% compared with the previous year)

The average price of Tsu Apartment was 234,879 JPY/sq.m. The market value represents a decrease of 73,925 JPY (-23.9%) compared to 1 year ago and a transition to a dramatic 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 19.5 years old (a +14.4% increase compared to the 17.1 years old of last year.). The average size of the real estate was 77.5 sq.m (a -5.5% decrease compared to the 82.0 sq.m of last year.).

Causes of price decreases

  • An increase in average age of the building (representing 17.1 years old in 2019 and 19.5 years old in 2020; +14.4%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 20.0% of total transactions in 2019 and 50.0% of total transactions in 2020)

Yokkaichi88,889 JPY/sq.m (-56% compared with the previous year)

The average price of Yokkaichi Apartment was 88,889 JPY/sq.m. The market value represents a decrease of 111,111 JPY (-55.6%) 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 34.3 years old (a +21.2% increase compared to the 28.3 years old of last year.). The average size of the real estate was 45.0 sq.m (a -25.0% decrease compared to the 60.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.0 min in 2019 and 6.0 min in 2020; -50.0%)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2019 and 100.0% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 28.3 years old in 2019 and 34.3 years old in 2020; +21.2%)

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.