JR Meishō Line railway market report

JR Meishō Line Apartment market overview

The average price of JR Meishō Line (Matsusaka to Matsusaka) Apartment, in Oct, 2017 to Dec, 2017 was 167,381 JPY/sq.m. The market value represents a decrease of 19,762 JPY (-10.6%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 18.3 years old (a +6.8% increase compared to the 17.1 years old of last year.). The average size of the real estate was 72.5 sq.m (a -9.4% decrease compared to the 80.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase 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 5% compared to last year. The most dramatic price increase was at Matsusaka station, where prices have decreased -10.6% compared to last year; a sq.m unit now costs 167,381 JPY/sq.m.

The top 1 stations has seen prices increase -10.6% (-19,762 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -10.6% (-19,762 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 22.0 min in 2016 and 5.5 min in 2017; -75.0%)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2016 and 50.0% of total transactions in 2017)

Apartment stations market overview

The average price of Matsusaka Apartment, the highest market value along this railway was 167,381 JPY/sq.m. The market value represents a decrease of 19,762 JPY (-10.6%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) 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 167,381 JPY/sq.m. The market value represents a decrease of 19,762 JPY (-10.6%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

JR Meishō Line (Stations Apartment market overview)
JR Meishō LineThis year(2017)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Matsusaka167,381 JPYsq.m
(18.26575342465753672.5sq.m)
187,143 JPYsq.m
(17.0995433789954380.0sq.m)
199,634 JPYsq.m
(17.09771689497716870.0sq.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

Matsusaka167,381 JPY/sq.m (-11% compared with the previous year)

The average price of Matsusaka Apartment was 167,381 JPY/sq.m. The market value represents a decrease of 19,762 JPY (-10.6%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 18.3 years old (a +6.8% increase compared to the 17.1 years old of last year.). The average size of the real estate was 72.5 sq.m (a -9.4% decrease compared to the 80.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 22.0 min in 2016 and 5.5 min in 2017; -75.0%)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2016 and 50.0% of total transactions in 2017)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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