Ise iron Isesen railway market report

Ise iron Isesen Apartment market overview

The average price of Ise iron Isesen (Yokkaichi to Tsu) Apartment, in Jan, 2021 to Mar, 2021 was 268,938 JPY/sq.m. The market value represents an increase of 2,748 JPY (+1.0%) compared to 1 year ago and a transition to a slight market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.0 years old (a -17.4% decrease compared to the 23.0 years old of last year.). The average size of the real estate was 76.0 sq.m (a +14.7% increase compared to the 66.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving locations less than ten minutes by foot from the station.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations. Tsu station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Tsu station, where prices have decreased -19.3% compared to last year; a sq.m unit now costs 268,938 JPY/sq.m.

The top 1 stations has seen prices increase -19.3% (-64,395 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -19.3% (-64,395 JPY/sq.m).

Cause of price increases

  • An decrease in average age of the building (representing 23.0 years old in 2020 and 19.0 years old in 2021; -17.4%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 75.0% of total transactions in 2020 and 60.0% of total transactions in 2021)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.0 min in 2020 and 16.4 min in 2021; +105.0%)

Apartment stations market overview

The average price of Tsu Apartment, the highest market value along this railway was 268,938 JPY/sq.m. The market value represents a decrease of 64,395 JPY (-19.3%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Tsu Apartment, the lowest market value along this railway was 268,938 JPY/sq.m. The market value represents a decrease of 64,395 JPY (-19.3%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).

Ise iron Isesen (Stations Apartment market overview)
Ise iron IsesenThis year(2021)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Yokkaichi-280,000 JPYsq.m
(26.51917808219178267.5sq.m)
275,000 JPYsq.m
(31.01917808219178280.0sq.m)
Minamiyokkaichi-171,429 JPYsq.m
(31.0219178082191870.0sq.m)
-
Tamagaki---
Tsu268,938 JPYsq.m
(19.01369863013698676.0sq.m)
333,333 JPYsq.m
(8.00547945205479560.0sq.m)
301,918 JPYsq.m
(11.67305936073059480.0sq.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

Tsu268,938 JPY/sq.m (-19% compared with the previous year)

The average price of Tsu Apartment was 268,938 JPY/sq.m. The market value represents a decrease of 64,395 JPY (-19.3%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.0 years old (a +137.5% increase compared to the 8.0 years old of last year.). The average size of the real estate was 76.0 sq.m (a +26.7% increase compared to the 60.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 8.0 years old in 2020 and 19.0 years old in 2021; +137.5%)
  • A dramatic increase in average distance from the station (representing 11.0 min in 2020 and 16.4 min in 2021; +49.1%)

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.