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 Jan, 2017 to Dec, 2017 was 176,903 JPY/sq.m. The market value represents a decrease of 16,939 JPY (-8.7%) compared to 1 year ago and a transition to a bear market. 4 properties exchanged hands ( The market value represents a decrease of 7 (-63.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.5 years old (a -0.9% decrease compared to the 17.7 years old of last year.). The average size of the real estate was 73.8 sq.m (a -6.2% decrease compared to the 78.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

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 -8.7% compared to last year; a sq.m unit now costs 176,903 JPY/sq.m.

The top 1 stations has seen prices increase -8.7% (-16,939 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -8.7% (-16,939 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 19.7 min in 2016 and 12.8 min in 2017; -35.4%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 9.1% of total transactions in 2016 and 25.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 27.3% of total transactions in 2016 and 50.0% of total transactions in 2017)

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 176,903 JPY/sq.m. The market value represents a decrease of 16,939 JPY (-8.7%) compared to 1 year ago and a transition to a bear market. 4 properties exchanged hands ( The market value represents a decrease of 7 (-63.6%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Apartment of Matsusaka, the lowest market value along this railway was 176,903 JPY/sq.m. The market value represents a decrease of 16,939 JPY (-8.7%) compared to 1 year ago and a transition to a bear market. 4 properties exchanged hands ( The market value represents a decrease of 7 (-63.6%) compared to 1 year ago and a transition to a dramatic market.).

JR Meishō Line (Stations Apartment market overview)
JR Meishō LineThis year(2017)1 year ago2 years ago
Matsusaka176,903 JPY (17.5Y/73.8sq.m)193,842 JPY (17.7Y/78.6sq.m)203,785 JPY (15.4Y/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.

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Noteworthy stations

Matsusaka176,903 JPY/sq.m (-9% compared with the previous year)

The average price of a sq.m Apartment of Matsusaka was 176,903 JPY/sq.m. The market value represents a decrease of 16,939 JPY (-8.7%) compared to 1 year ago and a transition to a bear market. 4 properties exchanged hands ( The market value represents a decrease of 7 (-63.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.5 years old (a -0.9% decrease compared to the 17.7 years old of last year.). The average size of the real estate was 73.8 sq.m (a -6.2% decrease compared to the 78.6 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 19.7 min in 2016 and 12.8 min in 2017; -35.4%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 9.1% of total transactions in 2016 and 25.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 27.3% of total transactions in 2016 and 50.0% of total transactions in 2017)

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)