JR Kisei Main Line Mie 2013-3Q
Home market report

JR Kisei Main Line railway market report

JR Kisei Main Line Home market overview

The average price of a sq.m Home of JR Kisei Main Line (Kameyama to Udono), in Jul, 2013 to Sep, 2013 was 110,530 JPY/sq.m. The market value represents a decrease of 18,330 JPY (-14.2%) compared to 1 year ago and a transition to a weak market. 67 properties exchanged hands ( The market value represents an increase of 15 (+28.8%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 24.6 years old (a +14.8% increase compared to the 21.4 years old of last year.). The average size of the real estate was 405.7 sq.m (a +81.7% increase compared to the 223.3 sq.m of last year.). The average total floor space of the real estate was 180.8 sq.m (a +57.4% increase compared to the 114.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large total floor space more than 200 sq.m, as well as a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

2 stations have experienced increased prices; 8 stations have experienced decreased prices. Market value of most stations decreased. Ishinndenn station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Takachaya station, where prices have increased +209.2% compared to last year; a sq.m unit now costs 168,478 JPY/sq.m.

The top 2 stations has seen prices increase +149.2% (+104,980 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -76.3% (-117,420 JPY/sq.m).

Cause of price increases

  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 43.5% of total transactions in 2012 and 41.0% of total transactions in 2013)

Causes of price decreases

  • An increase in average age of the building (representing 21.4 years old in 2012 and 24.6 years old in 2013; +14.8%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 10.9% of total transactions in 2012 and 16.4% of total transactions in 2013)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 19.6% of total transactions in 2012 and 14.8% of total transactions in 2013)

Breakdown of each segment

The table below shows Home dealt in JR Kisei Main Line, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

※各年ごとの取引件数の割合が高いセグメントほど赤く表示

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Home stations market overview

The average price of a sq.m Home of Ishinndenn, the highest market value along this railway was 203,593 JPY/sq.m. The market value represents an increase of 95,976 JPY (+89.2%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Home of Kiinagashima, the lowest market value along this railway was 8,533 JPY/sq.m. The market value represents a decrease of 3,231 JPY (-27.5%) 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.).

JR Kisei Main Line (Stations Home market overview)
JR Kisei Main LineThis year(2013)1 year ago2 years ago
Kameyama34,757 JPY (31.0Y/763.3sq.m)189,932 JPY (21.2Y/225.0sq.m)243,407 JPY (20.2Y/573.3sq.m)
Shimonoshou36,000 JPY (33.5Y/2000.0sq.m)--
Ishinndenn203,593 JPY (19.1Y/593.0sq.m)107,617 JPY (22.8Y/228.0sq.m)148,727 JPY (25.6Y/245.0sq.m)
Tsu138,324 JPY (25.8Y/510.0sq.m)175,027 JPY (20.5Y/197.0sq.m)153,446 JPY (18.8Y/278.3sq.m)
Akogi77,387 JPY (29.8Y/222.5sq.m)87,863 JPY (33.2Y/188.3sq.m)-
Takachaya168,478 JPY (11.8Y/483.0sq.m)54,495 JPY (27.6Y/288.3sq.m)58,972 JPY (22.1Y/367.0sq.m)
Rokkenn-81,498 JPY (13.0Y/417.5sq.m)204,327 JPY (2.9Y/219.0sq.m)
Matsusaka115,174 JPY (25.4Y/210.0sq.m)166,499 JPY (11.9Y/212.2sq.m)223,658 JPY (0.8Y/406.2sq.m)
Tokuwa--192,142 JPY (10.3Y/742.5sq.m)
Taki---
Ouka38,750 JPY (49.5Y/280.0sq.m)-233,333 JPY (0.0Y/197.5sq.m)
Sana---
Tochihara3,750 JPY (38.5Y/310.0sq.m)--
Misedani-86,315 JPY (10.5Y/320.0sq.m)13,114 JPY (42.5Y/1300.0sq.m)
Aso---
Isekashiwazaki---
Umegadani---
Kiinagashima8,533 JPY (33.5Y/455.0sq.m)11,764 JPY (47.5Y/65.0sq.m)-
Minose---
Funatsu---
Aiga58,184 JPY (17.8Y/183.8sq.m)--
Owase95,277 JPY (25.0Y/463.8sq.m)128,339 JPY (25.0Y/161.4sq.m)57,428 JPY (30.5Y/135.0sq.m)
Oosoneura---
Kuki---
Mikisato18,181 JPY (40.5Y/175.0sq.m)--
Kata---
Atashika18,400 JPY (53.5Y/250.0sq.m)-52,631 JPY (31.5Y/120.0sq.m)
Oodomari-18,000 JPY (0.0Y/420.0sq.m)11,428 JPY (0.0Y/130.0sq.m)
Kumanoshi32,558 JPY (0.0Y/520.0sq.m)112,222 JPY (0.0Y/410.0sq.m)-
Arii-178,571 JPY (4.5Y/200.0sq.m)250,000 JPY (0.5Y/210.0sq.m)
Koushiyama-105,714 JPY (0.0Y/260.0sq.m)-
Kiiichigi---
Atawa54,000 JPY (37.5Y/290.0sq.m)97,758 JPY (24.0Y/152.5sq.m)-
Kiiida---
Udono-35,294 JPY (38.5Y/130.0sq.m)148,148 JPY (17.5Y/220.0sq.m)

*Average unit prices per sq.m of Home 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.

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Noteworthy stations

Takachaya168,478 JPY/sq.m (+209% compared with the previous year)

The average price of a sq.m Home of Takachaya was 168,478 JPY/sq.m. The market value represents an increase of 113,983 JPY (+209.2%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents an increase of 7 (+233.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 11.8 years old (a -57.2% decrease compared to the 27.6 years old of last year.). The average size of the real estate was 483.0 sq.m (a +67.5% increase compared to the 288.3 sq.m of last year.). The average total floor space of the real estate was 232.5 sq.m (a +56.7% increase compared to the 148.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 27.6 years old in 2012 and 11.8 years old in 2013; -57.2%)
  • A dramatic decrease in average distance from the station (representing 25.3 min in 2012 and 18.2 min in 2013; -28.2%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2012 and 10.0% of total transactions in 2013)

Ishinndenn203,593 JPY/sq.m (+89% compared with the previous year)

The average price of a sq.m Home of Ishinndenn was 203,593 JPY/sq.m. The market value represents an increase of 95,976 JPY (+89.2%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 19.1 years old (a -16.0% decrease compared to the 22.8 years old of last year.). The average size of the real estate was 593.0 sq.m (a +160.1% increase compared to the 228.0 sq.m of last year.). The average total floor space of the real estate was 136.0 sq.m (a +30.8% increase compared to the 104.0 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 22.8 years old in 2012 and 19.1 years old in 2013; -16.0%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 60.0% of total transactions in 2012 and 20.0% of total transactions in 2013)

Causes of price decreases

  • A slight decrease in transactions involving nearly new buildings under 3 years old (representing 20.0% of total transactions in 2012 and 20.0% of total transactions in 2013)

Kameyama34,757 JPY/sq.m (-82% compared with the previous year)

The average price of a sq.m Home of Kameyama was 34,757 JPY/sq.m. The market value represents a decrease of 155,175 JPY (-81.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 31.0 years old (a +46.5% increase compared to the 21.2 years old of last year.). The average size of the real estate was 763.3 sq.m (a +239.3% increase compared to the 225.0 sq.m of last year.). The average total floor space of the real estate was 333.3 sq.m (a +365.1% increase compared to the 71.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 21.2 years old in 2012 and 31.0 years old in 2013; +46.5%)
  • A dramatic increase in average distance from the station (representing 18.0 min in 2012 and 40.0 min in 2013; +122.2%)

Kumanoshi32,558 JPY/sq.m (-71% compared with the previous year)

The average price of a sq.m Home of Kumanoshi was 32,558 JPY/sq.m. The market value represents a decrease of 79,664 JPY (-71.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 520.0 sq.m (a +26.8% increase compared to the 410.0 sq.m of last year.). The average total floor space of the real estate was 430.0 sq.m (a +760.0% increase compared to the 50.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 63.5 min in 2012 and 9.0 min in 2013; -85.8%)

Breakdown of each segment

Station:   Segment:

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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)