JR Meishō Line Apartment market overview

The average price of a sq.m Apartment of JR Meishō Line (Matsusaka to Matsusaka), in Jul, 2016 to Sep, 2016 was 119,762 JPY/sq.m. The market value represents a decrease of 52,216 JPY (-30.4%) 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 23.5 years old (a +74.1% increase compared to the 13.5 years old of last year.). The average size of the real estate was 72.5 sq.m (a +7.4% increase compared to the 67.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a slight decrease in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -30.4% (-52,216 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -30.4% (-52,216 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average age of the building (representing 13.5 years old in 2015 and 23.5 years old in 2016; +74.1%)

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 119,762 JPY/sq.m. The market value represents a decrease of 52,216 JPY (-30.4%) 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 119,762 JPY/sq.m. The market value represents a decrease of 52,216 JPY (-30.4%) 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(2016)1 year ago2 years ago
Matsusaka119,762 JPY (23.5Y/72.5sq.m)171,978 JPY (13.5Y/67.5sq.m)235,714 JPY (12.0Y/70.0sq.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.
Top

Noteworthy stations

Matsusaka119,762 JPY/sq.m (-30% compared with the previous year)

The average price of a sq.m Apartment of Matsusaka was 119,762 JPY/sq.m. The market value represents a decrease of 52,216 JPY (-30.4%) 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 23.5 years old (a +74.1% increase compared to the 13.5 years old of last year.). The average size of the real estate was 72.5 sq.m (a +7.4% increase compared to the 67.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 13.5 years old in 2015 and 23.5 years old in 2016; +74.1%)

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)