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 Mar, 2017 was 188,235 JPY/sq.m. The market value represents a decrease of 8,119 JPY (-4.1%) compared to 1 year ago and a transition to a some market. 1 properties exchanged hands ( The market value represents a decrease of 7 (-87.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 9.0 years old (a -49.7% decrease compared to the 17.9 years old of last year.). The average size of the real estate was 85.0 sq.m (a +8.8% increase compared to the 78.1 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.

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 20% compared to last year. The most dramatic price increase was at Matsusaka station, where prices have decreased -4.1% compared to last year; a sq.m unit now costs 188,235 JPY/sq.m.

The top 1 stations has seen prices increase -4.1% (-8,119 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -4.1% (-8,119 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average age of the building (representing 17.9 years old in 2016 and 9.0 years old in 2017; -49.7%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 18.9 min in 2016 and 30.0 min in 2017; +58.9%)

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:

Top

Apartment stations market overview

The average price of a sq.m Apartment of Matsusaka, the highest market value along this railway was 188,235 JPY/sq.m. The market value represents a decrease of 8,119 JPY (-4.1%) compared to 1 year ago and a transition to a some market. 1 properties exchanged hands ( The market value represents a decrease of 7 (-87.5%) 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 188,235 JPY/sq.m. The market value represents a decrease of 8,119 JPY (-4.1%) compared to 1 year ago and a transition to a some market. 1 properties exchanged hands ( The market value represents a decrease of 7 (-87.5%) 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
Matsusaka188,235 JPY (9.0Y/85.0sq.m)196,354 JPY (17.9Y/78.1sq.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.
Top

Noteworthy stations

Matsusaka188,235 JPY/sq.m (-4% compared with the previous year)

The average price of a sq.m Apartment of Matsusaka was 188,235 JPY/sq.m. The market value represents a decrease of 8,119 JPY (-4.1%) compared to 1 year ago and a transition to a some market. 1 properties exchanged hands ( The market value represents a decrease of 7 (-87.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 9.0 years old (a -49.7% decrease compared to the 17.9 years old of last year.). The average size of the real estate was 85.0 sq.m (a +8.8% increase compared to the 78.1 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 17.9 years old in 2016 and 9.0 years old in 2017; -49.7%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 18.9 min in 2016 and 30.0 min in 2017; +58.9%)

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)