JR Meishō Line Apartment market overview

The average price of a sq.m Apartment of JR Meishō Line (Matsusaka to Matsusaka), in Apr, 2013 to Jun, 2013 was 289,010 JPY/sq.m. The market value represents an increase of 130,440 JPY (+82.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 6.3 years old (a -61.5% decrease compared to the 16.3 years old of last year.). The average size of the real estate was 67.5 sq.m (a -6.9% decrease compared to the 72.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a slight decrease in transactions involving size for a general family households less than 100 sq.m.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. The market value increased in all stations. Matsusaka station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Matsusaka station, where prices have increased +82.3% compared to last year; a sq.m unit now costs 289,010 JPY/sq.m.

The top 1 stations has seen prices increase +82.3% (+130,440 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +82.3% (+130,440 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average age of the building (representing 16.3 years old in 2012 and 6.3 years old in 2013; -61.5%)
  • A dramatic decrease in average distance from the station (representing 23.5 min in 2012 and 6.0 min in 2013; -74.5%)

Breakdown of each segment

The table below shows Apartment dealt in JR Meishō 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:

Top

Apartment stations market overview

The average price of a sq.m Apartment of Matsusaka, the highest market value along this railway was 289,010 JPY/sq.m. The market value represents an increase of 130,440 JPY (+82.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Apartment of Matsusaka, the lowest market value along this railway was 289,010 JPY/sq.m. The market value represents an increase of 130,440 JPY (+82.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

JR Meishō Line (Stations Apartment market overview)
JR Meishō LineThis year(2013)1 year ago2 years ago
Matsusaka289,010 JPY (6.3Y/67.5sq.m)158,571 JPY (16.3Y/72.5sq.m)183,760 JPY (9.9Y/76.7sq.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.
Top

Noteworthy stations

Matsusaka289,010 JPY/sq.m (+82% compared with the previous year)

The average price of a sq.m Apartment of Matsusaka was 289,010 JPY/sq.m. The market value represents an increase of 130,440 JPY (+82.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 6.3 years old (a -61.5% decrease compared to the 16.3 years old of last year.). The average size of the real estate was 67.5 sq.m (a -6.9% decrease compared to the 72.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 16.3 years old in 2012 and 6.3 years old in 2013; -61.5%)
  • A dramatic decrease in average distance from the station (representing 23.5 min in 2012 and 6.0 min in 2013; -74.5%)

Breakdown of each segment

Station:   Segment:

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)