JR Meishō Line railway market report

JR Meishō Line Apartment market overview

The average price of JR Meishō Line (Matsusaka to Matsusaka) Apartment, in Jul, 2018 to Sep, 2018 was 235,161 JPY/sq.m. The market value represents an increase of 55,354 JPY (+30.8%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 15.0 years old (a -33.3% decrease compared to the 22.5 years old of last year.). The average size of the real estate was 77.5 sq.m (a +6.9% increase compared to the 72.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving relatively old buildings under 40 years old.

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 +30.8% compared to last year; a sq.m unit now costs 235,161 JPY/sq.m.

The top 1 stations has seen prices increase +30.8% (+55,354 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +30.8% (+55,354 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 22.5 years old in 2017 and 15.0 years old in 2018; -33.3%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2017 and 25.0% of total transactions in 2018)

Apartment stations market overview

The average price of Matsusaka Apartment, the highest market value along this railway was 235,161 JPY/sq.m. The market value represents an increase of 55,354 JPY (+30.8%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) 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 235,161 JPY/sq.m. The market value represents an increase of 55,354 JPY (+30.8%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

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.)
Matsusaka235,161 JPYsq.m
(15.01369863013698677.5sq.m)
179,808 JPYsq.m
(22.51917808219178272.5sq.m)
204,841 JPYsq.m
(17.5168949771689575.0sq.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

Matsusaka235,161 JPY/sq.m (+31% compared with the previous year)

The average price of Matsusaka Apartment was 235,161 JPY/sq.m. The market value represents an increase of 55,354 JPY (+30.8%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 15.0 years old (a -33.3% decrease compared to the 22.5 years old of last year.). The average size of the real estate was 77.5 sq.m (a +6.9% increase compared to the 72.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 22.5 years old in 2017 and 15.0 years old in 2018; -33.3%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2017 and 25.0% of total transactions in 2018)

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)