JR Meishō Line Apartment market overview

The average price of a sq.m Apartment of JR Meishō Line (Matsusaka to Matsusaka), in Jan, 2015 to Dec, 2015 was 203,785 JPY/sq.m. The market value represents an increase of 13,722 JPY (+7.2%) compared to 1 year ago and a transition to a strong market. 9 properties exchanged hands ( The market value represents a decrease of 2 (-18.2%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 15.4 years old (a +22.7% increase compared to the 12.6 years old of last year.). The average size of the real estate was 70.0 sq.m (a -8.9% decrease compared to the 76.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old.

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 5% compared to last year. The most dramatic price increase was at Matsusaka station, where prices have increased +7.2% compared to last year; a sq.m unit now costs 203,785 JPY/sq.m.

The top 1 stations has seen prices increase +7.2% (+13,722 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +7.2% (+13,722 JPY/sq.m).


Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 27.3% of total transactions in 2014 and 33.3% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 12.6 years old in 2014 and 15.4 years old in 2015; +22.7%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 11.1% of total transactions in 2014 and 12.5% of total transactions in 2015)

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 203,785 JPY/sq.m. The market value represents an increase of 13,722 JPY (+7.2%) compared to 1 year ago and a transition to a strong market. 9 properties exchanged hands ( The market value represents a decrease of 2 (-18.2%) compared to 1 year ago and a transition to a weak market.).

The average price of a sq.m Apartment of Matsusaka, the lowest market value along this railway was 203,785 JPY/sq.m. The market value represents an increase of 13,722 JPY (+7.2%) compared to 1 year ago and a transition to a strong market. 9 properties exchanged hands ( The market value represents a decrease of 2 (-18.2%) compared to 1 year ago and a transition to a weak market.).

JR Meishō Line (Stations Apartment market overview)
JR Meishō LineThis year(2015)1 year ago2 years ago
Matsusaka203,785 JPY (15.4Y/70.0sq.m)190,063 JPY (12.6Y/76.8sq.m)242,070 JPY (9.0Y/83.6sq.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

Matsusaka203,785 JPY/sq.m (+7% compared with the previous year)

The average price of a sq.m Apartment of Matsusaka was 203,785 JPY/sq.m. The market value represents an increase of 13,722 JPY (+7.2%) compared to 1 year ago and a transition to a strong market. 9 properties exchanged hands ( The market value represents a decrease of 2 (-18.2%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 15.4 years old (a +22.7% increase compared to the 12.6 years old of last year.). The average size of the real estate was 70.0 sq.m (a -8.9% decrease compared to the 76.8 sq.m of last year.).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 27.3% of total transactions in 2014 and 33.3% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 12.6 years old in 2014 and 15.4 years old in 2015; +22.7%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 11.1% of total transactions in 2014 and 12.5% of total transactions in 2015)

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)