JR Meishō Line Apartment market overview

The average price of a sq.m Apartment of JR Meishō Line (Matsusaka to Matsusaka), in Jul, 2014 to Sep, 2014 was 235,714 JPY/sq.m. The market value represents a decrease of 25,474 JPY (-9.8%) compared to 1 year ago and a transition to a bear market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 12.0 years old (a +35.8% increase compared to the 8.8 years old of last year.). The average size of the real estate was 70.0 sq.m (a -14.3% decrease compared to the 81.7 sq.m of last year.).

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

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations. Matsusaka station has seen a price decrease of over 10% compared to last year. The most dramatic price increase was at Matsusaka station, where prices have decreased -9.8% compared to last year; a sq.m unit now costs 235,714 JPY/sq.m.

The top 1 stations has seen prices increase -9.8% (-25,474 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -9.8% (-25,474 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average age of the building (representing 8.8 years old in 2013 and 12.0 years old in 2014; +35.8%)
  • A dramatic increase in average distance from the station (representing 14.0 min in 2013 and 18.5 min in 2014; +32.1%)

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 235,714 JPY/sq.m. The market value represents a decrease of 25,474 JPY (-9.8%) compared to 1 year ago and a transition to a bear market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) 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 235,714 JPY/sq.m. The market value represents a decrease of 25,474 JPY (-9.8%) compared to 1 year ago and a transition to a bear market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

JR Meishō Line (Stations Apartment market overview)
JR Meishō LineThis year(2014)1 year ago2 years ago
Matsusaka235,714 JPY (12.0Y/70.0sq.m)261,188 JPY (8.8Y/81.7sq.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

Matsusaka235,714 JPY/sq.m (-10% compared with the previous year)

The average price of a sq.m Apartment of Matsusaka was 235,714 JPY/sq.m. The market value represents a decrease of 25,474 JPY (-9.8%) compared to 1 year ago and a transition to a bear market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 12.0 years old (a +35.8% increase compared to the 8.8 years old of last year.). The average size of the real estate was 70.0 sq.m (a -14.3% decrease compared to the 81.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 8.8 years old in 2013 and 12.0 years old in 2014; +35.8%)
  • A dramatic increase in average distance from the station (representing 14.0 min in 2013 and 18.5 min in 2014; +32.1%)

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)