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, 2020 to Dec, 2020 was 199,696 JPY/sq.m. The market value represents a decrease of 26,971 JPY (-11.9%) compared to 1 year ago and a transition to a weak 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 21.2 years old (a +4.5% increase compared to the 20.3 years old of last year.). The average size of the real estate was 62.0 sq.m (a +12.7% increase compared to the 55.0 sq.m of last year.).

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

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Tsu station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Tsu station, where prices have increased +78.5% compared to last year; a sq.m unit now costs 238,049 JPY/sq.m.

The top 1 stations has seen prices increase +78.5% (+104,716 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -55.6% (-177,834 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.5 min in 2019 and 13.4 min in 2020; +41.1%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2019 and 60.0% of total transactions in 2020)

Apartment stations market overview

The average price of Tsu Apartment, the highest market value along this railway was 238,049 JPY/sq.m. The market value represents an increase of 104,716 JPY (+78.5%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) 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 142,166 JPY/sq.m. The market value represents a decrease of 177,834 JPY (-55.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

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.)
Yokkaichi142,166 JPYsq.m
(30.27534246575342547.5sq.m)
320,000 JPYsq.m
(11.75890410958904150.0sq.m)
-
Minamiyokkaichi---
Tamagaki--52,857 JPYsq.m
(24.7698630136986370.0sq.m)
Tsu238,049 JPYsq.m
(15.0977168949771771.7sq.m)
133,333 JPYsq.m
(28.7726027397260360.0sq.m)
306,667 JPYsq.m
(12.76164383561643875.0sq.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

Tsu238,049 JPY/sq.m (+79% compared with the previous year)

The average price of Tsu Apartment was 238,049 JPY/sq.m. The market value represents an increase of 104,716 JPY (+78.5%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 15.1 years old (a -47.5% decrease compared to the 28.8 years old of last year.). The average size of the real estate was 71.7 sq.m (a +19.4% increase compared to the 60.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 28.8 years old in 2019 and 15.1 years old in 2020; -47.5%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2019 and 33.3% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.0 min in 2019 and 15.0 min in 2020; +50.0%)

Yokkaichi142,166 JPY/sq.m (-56% compared with the previous year)

The average price of Yokkaichi Apartment was 142,166 JPY/sq.m. The market value represents a decrease of 177,834 JPY (-55.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 30.3 years old (a +157.5% increase compared to the 11.8 years old of last year.). The average size of the real estate was 47.5 sq.m (a -5.0% decrease compared to the 50.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 11.8 years old in 2019 and 30.3 years old in 2020; +157.5%)
  • A dramatic increase in average distance from the station (representing 9.0 min in 2019 and 11.0 min in 2020; +22.2%)

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.