JR Meishō Line Apartment market overview

The average price of a sq.m Apartment of JR Meishō Line (Matsusaka to Matsusaka), in Jan, 2013 to Dec, 2013 was 242,070 JPY/sq.m. The market value represents an increase of 45,876 JPY (+23.4%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents an increase of 3 (+37.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 9.0 years old (a -26.1% decrease compared to the 12.2 years old of last year.). The average size of the real estate was 83.6 sq.m (a +7.9% increase compared to the 77.5 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.

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 +23.4% compared to last year; a sq.m unit now costs 242,070 JPY/sq.m.

The top 1 stations has seen prices increase +23.4% (+45,876 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +23.4% (+45,876 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average age of the building (representing 12.2 years old in 2012 and 9.0 years old in 2013; -26.1%)
  • A dramatic decrease in average distance from the station (representing 33.6 min in 2012 and 16.7 min in 2013; -50.3%)

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 242,070 JPY/sq.m. The market value represents an increase of 45,876 JPY (+23.4%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents an increase of 3 (+37.5%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Apartment of Matsusaka, the lowest market value along this railway was 242,070 JPY/sq.m. The market value represents an increase of 45,876 JPY (+23.4%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents an increase of 3 (+37.5%) compared to 1 year ago and a transition to a dramatic market.).

JR Meishō Line (Stations Apartment market overview)
JR Meishō LineThis year(2013)1 year ago2 years ago
Matsusaka242,070 JPY (9.0Y/83.6sq.m)196,194 JPY (12.2Y/77.5sq.m)216,209 JPY (7.2Y/85.9sq.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

Matsusaka242,070 JPY/sq.m (+23% compared with the previous year)

The average price of a sq.m Apartment of Matsusaka was 242,070 JPY/sq.m. The market value represents an increase of 45,876 JPY (+23.4%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents an increase of 3 (+37.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 9.0 years old (a -26.1% decrease compared to the 12.2 years old of last year.). The average size of the real estate was 83.6 sq.m (a +7.9% increase compared to the 77.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 12.2 years old in 2012 and 9.0 years old in 2013; -26.1%)
  • A dramatic decrease in average distance from the station (representing 33.6 min in 2012 and 16.7 min in 2013; -50.3%)

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)