Matsusaka Apartment average value

Price 14,096,774 JPY
  (189,541 JPY/sq.m)
- Age 16.8 years old
- Dist. from Sta. 15.2 min walk
- Property area 73.4 sq.m

The average price of a sq.m Apartment of Mie JR Kisei Main Line Matsusaka, in 2017 was 176,903 JPY/sq.m. The market value represents a decrease of 16,939 JPY (-8.7%) compared to 1 year ago and a transition to a bear market. 4 properties exchanged hands ( The market value represents a decrease of 7 (-63.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.5 years old (a -0.9% decrease compared to the 17.7 years old of last year.). The average size of the real estate was 73.8 sq.m (a -6.2% decrease compared to the 78.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 19.7 min in 2016 and 12.8 min in 2017; -35.4%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 9.1% of total transactions in 2016 and 25.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 27.3% of total transactions in 2016 and 50.0% of total transactions in 2017)
Data regarding the market value and its changes of Apartment in Matsusaka were calculated using data on the sales of 84 properties provided by the MLIT Japan.

Matsusaka Apartment transaction price list

areaTrading PriceUnit PriceStationDistance from the station
新座町12,000,000 JPY610,298 JPY/sq.mMatsusaka8 min
中町2,500,000 JPY183,653 JPY/sq.mMatsusaka10 min
中町2,700,000 JPY198,347 JPY/sq.mMatsusaka9 min

JR Kisei Main Line Railway market report

2017. Jan - Dec
 8 tradings
2016. Jan - Dec
 26 tradings
2015. Jan - Dec
 21 tradings
2014. Jan - Dec
 16 tradings
4Q
4
3Q
1
-1Q
3
4Q
9
3Q
4
2Q
6
1Q
7
4Q
5
3Q
7
2Q
2
1Q
7
4Q
5
3Q
3
2Q
4
1Q
4

Apartment value Age transition

Market values (unit price: sq.m, m2) 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 New290,898 JPY/sq.m100 %
Residual Value (10 Years)223,577 JPY/sq.m77 %
Residual Value (20 Years)171,569 JPY/sq.m59 %
Residual Value (20 Years)134,872 JPY/sq.m46 %
Color:
Unit:   Touch:
Property Details:
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- Trading date: {{infoObj.trade_date|date:'MMMM, yyyy'}}

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




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Calculate Matsusaka 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 Mie JR Kisei Main Line Matsusaka 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.

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Trading Data

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

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1. Mie Matsusaka-Shi 新座町Matsusaka-Shi Matsusaka 8.0 min walk)
18.3 years old , Area: 65 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2011-06-01T00:00:00Z
Trading price:   12,000,000 JPY,    Unit price:   184,615 JPY/sq.m
2. Mie Matsusaka-Shi 中町Matsusaka-Shi Matsusaka 10.0 min walk)
20.5 years old , Area: 45 sq.m , Layout: 2DK , Structure: RC
- Trading date: 2007-09-01T00:00:00Z
Trading price:   2,500,000 JPY,    Unit price:   55,555 JPY/sq.m
3. Mie Matsusaka-Shi 中町Matsusaka-Shi Matsusaka 9.0 min walk)
21.0 years old , Area: 45 sq.m , Layout: 2DK , Structure: RC
- Trading date: 2008-03-01T00:00:00Z
Trading price:   2,700,000 JPY,    Unit price:   60,000 JPY/sq.m
4. Mie Matsusaka-Shi 湊町Matsusaka-Shi Matsusaka 6.0 min walk)
14.8 years old , Area: 75 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2017-12-01T00:00:00Z
Trading price:   16,000,000 JPY,    Unit price:   213,333 JPY/sq.m
5. Mie Matsusaka-Shi 湊町Matsusaka-Shi Matsusaka 7.0 min walk)
13.3 years old , Area: 75 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2016-06-01T00:00:00Z
Trading price:   14,000,000 JPY,    Unit price:   186,666 JPY/sq.m
6. Mie Matsusaka-Shi 新座町Matsusaka-Shi Matsusaka 10.0 min walk)
24.5 years old , Area: 65 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-09-01T00:00:00Z
Trading price:   12,000,000 JPY,    Unit price:   184,615 JPY/sq.m
7. Mie Matsusaka-Shi 湊町Matsusaka-Shi Matsusaka 8.0 min walk)
11.0 years old , Area: 80 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2014-03-01T00:00:00Z
Trading price:   22,000,000 JPY,    Unit price:   275,000 JPY/sq.m
8. Mie Matsusaka-Shi 湊町Matsusaka-Shi Matsusaka 8.0 min walk)
10.8 years old , Area: 85 sq.m , Layout: 4LDK , Structure: SRC
- Trading date: 2013-12-01T00:00:00Z
Trading price:   16,000,000 JPY,    Unit price:   188,235 JPY/sq.m
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Apartment market value trends

Market value trends for Apartment are as follows.

Data:
Unit:   Touch:

Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 19.7 min in 2016 and 12.8 min in 2017; -35.4%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 9.1% of total transactions in 2016 and 25.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 27.3% of total transactions in 2016 and 50.0% of total transactions in 2017)
The table below shows Apartment dealt in Mie JR Kisei Main Line Matsusaka, 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:

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    Area close to the price in Matsusaka

    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
    JR JR Kisei Main Line (190) [Stations]17,000,000228,57113.8 yrs12 min70 sq.m
    JR Kisei Main Line Akogi (12) [Stations]6,650,000120,90817.5 yrs25 min55 sq.m
    JR Kisei Main Line Tsu (85) [Stations]23,500,000293,72510.8 yrs12 min75 sq.m
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