JR Meishō Line railway market report
- Type: Apartment
- Line: JR Meishō Line
Matsusaka Matsusaka [15 stations] - Period: 2016 - 1Q
Jan, 2016 Mar, 2016
JR Meishō Line Apartment market overview
The average price of JR Meishō Line (Matsusaka to Matsusaka) Apartment, in Jan, 2016 to Mar, 2016 was 233,929 JPY/sq.m. The market value represents a decrease of 20,284 JPY (-8.0%) compared to 1 year ago and a transition to a bear market. 3 properties exchanged hands (It was the same as last year.).
The average age of the real estate was 17.7 years old (a +35.9% increase compared to the 13.0 years old of last year.). The average size of the real estate was 76.7 sq.m (a +7.0% increase compared to the 71.7 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.
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 -8.0% compared to last year; a sq.m unit now costs 233,929 JPY/sq.m.
The top 1 stations has seen prices increase -8.0% (-20,284 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -8.0% (-20,284 JPY/sq.m).
Causes of price decreases
- A dramatic increase in average age of the building (representing 13.0 years old in 2015 and 17.7 years old in 2016; +35.9%)
- A dramatic increase in average distance from the station (representing 6.7 min in 2015 and 18.0 min in 2016; +170.0%)
- A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 33.3% of total transactions in 2015 and 33.3% of total transactions in 2016)
Apartment stations market overview
The average price of Matsusaka Apartment, the highest market value along this railway was 233,929 JPY/sq.m. The market value represents a decrease of 20,284 JPY (-8.0%) compared to 1 year ago and a transition to a bear market. 3 properties exchanged hands (It was the same as last year.).
The average price of Matsusaka Apartment, the lowest market value along this railway was 233,929 JPY/sq.m. The market value represents a decrease of 20,284 JPY (-8.0%) compared to 1 year ago and a transition to a bear market. 3 properties exchanged hands (It was the same as last year.).
| JR Meishō Line | This year(2016) (Avg.Age,Dim.) | 1 year ago (Avg.Age,Dim.) | 2 years ago (Avg.Age,Dim.) |
|---|---|---|---|
| Matsusaka | 233,929 JPYsq.m (17.6794520547945276.7sq.m) | 254,212 JPYsq.m (13.00684931506849371.7sq.m) | 222,215 JPYsq.m (7.50547945205479590.0sq.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.
Noteworthy stations
Matsusaka 233,929 JPY/sq.m (-8% compared with the previous year)
The average price of Matsusaka Apartment was 233,929 JPY/sq.m. The market value represents a decrease of 20,284 JPY (-8.0%) compared to 1 year ago and a transition to a bear market. 3 properties exchanged hands (It was the same as last year.).
The average age of the real estate was 17.7 years old (a +35.9% increase compared to the 13.0 years old of last year.). The average size of the real estate was 76.7 sq.m (a +7.0% increase compared to the 71.7 sq.m of last year.).
Causes of price decreases
- A dramatic increase in average age of the building (representing 13.0 years old in 2015 and 17.7 years old in 2016; +35.9%)
- A dramatic increase in average distance from the station (representing 6.7 min in 2015 and 18.0 min in 2016; +170.0%)
- A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 33.3% of total transactions in 2015 and 33.3% of total transactions in 2016)
Breakdown of each segment
Station: Segment: