Matsue-Shi Apartment average value

Price 230,760 JPY/sq.m
- Age 17.9 years old
- Dist. from Sta. 21.1 min walk
- Property area 73.2 sq.m

The average price of Shimane Matsue-Shi Apartment, in 2020 was 238,151 JPY/sq.m. The market value represents an increase of 22,047 JPY (+10.2%) compared to 1 year ago and a transition to a bull market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.3 min in 2019 and 23.3 min in 2020; +20.5%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 42.9% of total transactions in 2019 and 50.0% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Matsue-Shi were calculated using data on the sales of 287 properties provided by the MLIT Japan.

Matsue-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
千鳥町14,000,000 JPY215,385 JPY/sq.m1 件
上乃木21,500,000 JPY265,611 JPY/sq.m4 件
内中原町19,666,667 JPY212,448 JPY/sq.m3 件
北田町16,863,636 JPY230,505 JPY/sq.m11 件
古志原14,500,000 JPY223,077 JPY/sq.m2 件
外中原町15,000,000 JPY221,978 JPY/sq.m2 件
大正町24,666,667 JPY282,011 JPY/sq.m3 件
大輪町16,988,235 JPY229,354 JPY/sq.m17 件
奥谷町10,766,667 JPY184,141 JPY/sq.m3 件
学園15,646,000 JPY218,377 JPY/sq.m50 件
学園南18,775,000 JPY244,207 JPY/sq.m12 件
寺町16,000,000 JPY211,538 JPY/sq.m4 件
春日町20,233,333 JPY254,698 JPY/sq.m30 件
東朝日町18,533,333 JPY254,738 JPY/sq.m15 件
東津田町16,333,333 JPY230,049 JPY/sq.m6 件
東茶町15,857,143 JPY229,134 JPY/sq.m7 件
浜乃木16,159,091 JPY223,763 JPY/sq.m22 件
砂子町20,333,333 JPY268,908 JPY/sq.m3 件
袖師町15,166,667 JPY218,535 JPY/sq.m12 件
西川津町11,039,394 JPY162,414 JPY/sq.m33 件
西津田11,881,429 JPY169,013 JPY/sq.m35 件
黒田町19,142,857 JPY250,861 JPY/sq.m21 件

Matsue-Shi Apartment value Age transition

Market values (unit price: sq.m, ㎡) in terms of Age, is as follow.

The orange line means market values (unit price: sq.m) for Apartment in terms of Age. The orange line changes on the basis of distance from the train station and area of the property (* For example , if the distance from the station is far, the lower the unit price.).

The dots means trading data. When you mouseover or touch the dot, details of the trading data is displayed. You can color (classify) the dots on the basis of the property area, distance from the stations, or the property price, etc.

(* You can scroll and zoom with pinch in the mobile environment.)
(* When you double-click, the value of Age is updated.)
AgeTrading PriceProportion
Price at New259,949 JPY/sq.m100 %
Residual Value (10 Years)266,522 JPY/sq.m103 %
Residual Value (20 Years)226,634 JPY/sq.m87 %
Residual Value (20 Years)140,284 JPY/sq.m54 %
Color:
Unit:   Touch:
Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
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When you change the slider, the unit price will change.
Age of a building Property area Total floor area Distance from the station




Calculate Matsue-Shi Apartment market value

We can calculate market values for Apartment based on their age, area, and distance from a train station.

Age
years old
Area
sq.m
Total floor space
sq.m
Distance from the station
min walk

Market values for Matsue-Shi Apartment that meet the above conditions were calculated in the following manner.

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({{unit_price|number:0}} JPY/sq.m)

The assumed transaction price, not including agency commissions, taxes, etc.

Trading Data

Past Apartment sales data, with similarly entered ages, area, and distances from station are as follows.

1. Shimane Matsue-Shi 学園 (Matsue-Shi Matsue 23.0 min walk)
18.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-12-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   215,385 JPY/sq.m

2. Shimane Matsue-Shi 北田町 (Matsue-Shi Matsue 23.0 min walk)
17.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-06-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   200,000 JPY/sq.m

3. Shimane Matsue-Shi 学園 (Matsue-Shi Matsue 24.0 min walk)
17.5 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2019-09-01 00:00:00

Trading price:   17,000,000 JPY,    Unit price:   226,667 JPY/sq.m

4. Shimane Matsue-Shi 東津田町 (Matsue-Shi Matsue 25.0 min walk)
18.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 2LDK+S , Structure: SRC
- Trading date: 2018-09-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   230,769 JPY/sq.m

5. Shimane Matsue-Shi 袖師町 (Matsue-Shi Matsue 21.0 min walk)
17.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2017-12-01 00:00:00

Trading price:   19,000,000 JPY,    Unit price:   292,308 JPY/sq.m

6. Shimane Matsue-Shi 袖師町 (Matsue-Shi Matsue 21.0 min walk)
20.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: SRC
- Trading date: 2020-03-01 00:00:00

Trading price:   17,000,000 JPY,    Unit price:   242,857 JPY/sq.m

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- Trading date: {{item.trade_date|date:'MMMM, yyyy'}}

Trading price:   {{item.price|number:0}} JPY,    Unit price:   {{item.unit_price|number:0}} JPY/sq.m

Apartment market value trends

Market value trends for Apartment are as follows.

Data:
Unit:   Touch:
Apartment market value trends Market value trends for Apartment.

Apartment market value trends


Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.3 min in 2019 and 23.3 min in 2020; +20.5%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 42.9% of total transactions in 2019 and 50.0% of total transactions in 2020)
The table below shows Apartment dealt in Shimane Matsue-Shi, 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:

Area close to the price in Matsue-Shi

The closest areas in terms of Apartment price ranges to this area are ones like the following that are along a railway line and have a station.

Area / Station Median
Price
JPY
Unit price
JPY/sq.m
Age
Years old
Distance
min walk
Area
Matsue-Shi 東茶町 (7) [Area]16,000,000237,500 JPY/sq.m16.0 yrs20 min70 sq.m
Shimane (317) [Area]17,000,000240,000 JPY/sq.m17.8 yrs21 min70 sq.m
Matsue-Shi 袖師町 (12) [Area]14,500,000215,476 JPY/sq.m16.4 yrs21 min70 sq.m
Matsue-Shi 北田町 (11) [Area]14,000,000200,000 JPY/sq.m20.5 yrs21 min70 sq.m
JR San-in Main Line Matsue (232) [Stations]17,000,000228,571 JPY/sq.m20.3 yrs26 min70 sq.m
JR (285) [Stations]17,000,000235,294 JPY/sq.m18.1 yrs23 min70 sq.m
JR JR San-in Main Line (285) [Stations]17,000,000235,294 JPY/sq.m18.1 yrs23 min70 sq.m
JR San-in Main Line Tamatsukurionnsenn (2) [Stations]8,900,000152,616 JPY/sq.m18.1 yrs13 min57 sq.m