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, 2022 to Mar, 2022 was 200,000 JPY/sq.m. The market value represents a decrease of 68,938 JPY (-25.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 32.0 years old (a +68.4% increase compared to the 19.0 years old of last year.). The average size of the real estate was 65.0 sq.m (a -14.5% 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 locations relatively far from the station less than twenty minutes by foot from the station.
0 stations have experienced increased prices; 0 stations have experienced decreased prices. The market value decreased in all stations.
The top 0 stations has seen prices increase +0.0% (+0 JPY/sq.m). On the other hand, The bottom 0 stations has seen prices decrease +0.0% (+0 JPY/sq.m).
Cause of price increases
- A dramatic decrease in average distance from the station (representing 16.4 min in 2021 and 11.0 min in 2022; -32.9%)
Causes of price decreases
- A dramatic increase in average age of the building (representing 19.0 years old in 2021 and 32.0 years old in 2022; +68.4%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 60.0% of total transactions in 2021 and 100.0% of total transactions in 2022)
Apartment stations market overview
|Ise iron Isesen||This year(2022)|
|1 year ago|
|2 years ago|
*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.
Breakdown of each segment