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, 2018 to Mar, 2018 was 268,750 JPY/sq.m. The market value represents an increase of 51,103 JPY (+23.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 7.0 years old (a -22.2% decrease compared to the 9.0 years old of last year.). The average size of the real estate was 80.0 sq.m (a -5.9% decrease compared to the 85.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease 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. Matsusaka station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Matsusaka station, where prices have increased +23.5% compared to last year; a sq.m unit now costs 268,750 JPY/sq.m.

The top 1 stations has seen prices increase +23.5% (+51,103 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +23.5% (+51,103 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 9.0 years old in 2017 and 7.0 years old in 2018; -22.2%)
  • A dramatic decrease in average distance from the station (representing 30.0 min in 2017 and 15.0 min in 2018; -50.0%)

Apartment stations market overview

The average price of Matsusaka Apartment, the highest market value along this railway was 268,750 JPY/sq.m. The market value represents an increase of 51,103 JPY (+23.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average price of Matsusaka Apartment, the lowest market value along this railway was 268,750 JPY/sq.m. The market value represents an increase of 51,103 JPY (+23.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

JR Meishō Line (Stations Apartment market overview)
JR Meishō LineThis year(2018)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Matsusaka268,750 JPYsq.m
(7.00547945205479580.0sq.m)
217,647 JPYsq.m
(9.00547945205479585.0sq.m)
233,929 JPYsq.m
(17.6794520547945276.7sq.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.

Noteworthy stations

Matsusaka268,750 JPY/sq.m (+23% compared with the previous year)

The average price of Matsusaka Apartment was 268,750 JPY/sq.m. The market value represents an increase of 51,103 JPY (+23.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 7.0 years old (a -22.2% decrease compared to the 9.0 years old of last year.). The average size of the real estate was 80.0 sq.m (a -5.9% decrease compared to the 85.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 9.0 years old in 2017 and 7.0 years old in 2018; -22.2%)
  • A dramatic decrease in average distance from the station (representing 30.0 min in 2017 and 15.0 min in 2018; -50.0%)

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)