JR Meishō Line railway market report

JR Meishō Line Apartment market overview

The average price of JR Meishō Line (Matsusaka to Matsusaka) Apartment, in Jan, 2016 to Dec, 2016 was 209,350 JPY/sq.m. The market value represents an increase of 5,565 JPY (+2.7%) compared to 1 year ago and a transition to a slight market. 13 properties exchanged hands ( The market value represents an increase of 4 (+44.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.8 years old (a +9.0% increase compared to the 15.4 years old of last year.). The average size of the real estate was 78.1 sq.m (a +11.5% increase compared to the 70.0 sq.m of last year.).

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

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

The top 1 stations has seen prices increase +2.7% (+5,565 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +2.7% (+5,565 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.1 min in 2015 and 19.1 min in 2016; +45.5%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 12.5% of total transactions in 2015 and 23.1% of total transactions in 2016)

Apartment stations market overview

The average price of Matsusaka Apartment, the highest market value along this railway was 209,350 JPY/sq.m. The market value represents an increase of 5,565 JPY (+2.7%) compared to 1 year ago and a transition to a slight market. 13 properties exchanged hands ( The market value represents an increase of 4 (+44.4%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Matsusaka Apartment, the lowest market value along this railway was 209,350 JPY/sq.m. The market value represents an increase of 5,565 JPY (+2.7%) compared to 1 year ago and a transition to a slight market. 13 properties exchanged hands ( The market value represents an increase of 4 (+44.4%) compared to 1 year ago and a transition to a dramatic market.).

JR Meishō Line (Stations Apartment market overview)
JR Meishō LineThis year(2016)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Matsusaka209,350 JPYsq.m
(16.8417281348788278.1sq.m)
203,785 JPYsq.m
(15.44897260273972670.0sq.m)
181,561 JPYsq.m
(13.81917808219178176.6sq.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.

Noteworthy stations

Matsusaka209,350 JPY/sq.m (+3% compared with the previous year)

The average price of Matsusaka Apartment was 209,350 JPY/sq.m. The market value represents an increase of 5,565 JPY (+2.7%) compared to 1 year ago and a transition to a slight market. 13 properties exchanged hands ( The market value represents an increase of 4 (+44.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.8 years old (a +9.0% increase compared to the 15.4 years old of last year.). The average size of the real estate was 78.1 sq.m (a +11.5% increase compared to the 70.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.1 min in 2015 and 19.1 min in 2016; +45.5%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 12.5% of total transactions in 2015 and 23.1% of total transactions in 2016)

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)