JR Meishō Line Mie 2016-4Q
Apartment market report

JR Meishō Line railway market report

JR Meishō Line Apartment market overview

The average price of a sq.m Apartment of JR Meishō Line (Matsusaka to Matsusaka), in Oct, 2016 to Dec, 2016 was 187,143 JPY/sq.m. The market value represents a decrease of 12,491 JPY (-6.3%) 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 17.1 years old (a +0.0% increase compared to the 17.1 years old of last year.). The average size of the real estate was 80.0 sq.m (a +14.3% increase compared to the 70.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving size for a general family households less than 100 sq.m.

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 -6.3% compared to last year; a sq.m unit now costs 187,143 JPY/sq.m.

The top 1 stations has seen prices increase -6.3% (-12,491 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -6.3% (-12,491 JPY/sq.m).

Cause of price increases

  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2015 and 33.3% of total transactions in 2016)

Causes of price decreases

  • An increase in average distance from the station (representing 19.7 min in 2015 and 22.0 min in 2016; +11.9%)

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:

※各年ごとの取引件数の割合が高いセグメントほど赤く表示

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Apartment stations market overview

The average price of a sq.m Apartment of Matsusaka, the highest market value along this railway was 187,143 JPY/sq.m. The market value represents a decrease of 12,491 JPY (-6.3%) 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 a sq.m Apartment of Matsusaka, the lowest market value along this railway was 187,143 JPY/sq.m. The market value represents a decrease of 12,491 JPY (-6.3%) 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 (Stations Apartment market overview)
JR Meishō LineThis year(2016)1 year ago2 years ago
Matsusaka187,143 JPY (17.1Y/80.0sq.m)199,633 JPY (17.1Y/70.0sq.m)166,218 JPY (13.8Y/76.7sq.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.

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Noteworthy stations

Matsusaka187,143 JPY/sq.m (-6% compared with the previous year)

The average price of a sq.m Apartment of Matsusaka was 187,143 JPY/sq.m. The market value represents a decrease of 12,491 JPY (-6.3%) 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 17.1 years old (a +0.0% increase compared to the 17.1 years old of last year.). The average size of the real estate was 80.0 sq.m (a +14.3% increase compared to the 70.0 sq.m of last year.).

Cause of price increases

  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2015 and 33.3% of total transactions in 2016)

Causes of price decreases

  • An increase in average distance from the station (representing 19.7 min in 2015 and 22.0 min in 2016; +11.9%)

Breakdown of each segment

Station:   Segment:

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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)