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 Dec, 2018 was 243,544 JPY/sq.m. The market value represents an increase of 46,020 JPY (+23.3%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 1 (-12.5%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 13.7 years old (a -12.5% decrease compared to the 15.6 years old of last year.). The average size of the real estate was 77.9 sq.m (a -1.1% decrease compared to the 78.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving new buildings under 10 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 +23.3% compared to last year; a sq.m unit now costs 243,544 JPY/sq.m.

The top 1 stations has seen prices increase +23.3% (+46,020 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +23.3% (+46,020 JPY/sq.m).

Cause of price increases

  • An decrease in average age of the building (representing 15.6 years old in 2017 and 13.7 years old in 2018; -12.5%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 37.5% of total transactions in 2017 and 28.6% of total transactions in 2018)

Apartment stations market overview

The average price of Matsusaka Apartment, the highest market value along this railway was 243,544 JPY/sq.m. The market value represents an increase of 46,020 JPY (+23.3%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 1 (-12.5%) compared to 1 year ago and a transition to a weak market.).

The average price of Matsusaka Apartment, the lowest market value along this railway was 243,544 JPY/sq.m. The market value represents an increase of 46,020 JPY (+23.3%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 1 (-12.5%) compared to 1 year ago and a transition to a weak 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.)
Matsusaka243,544 JPYsq.m
(13.6904109589041177.9sq.m)
197,525 JPYsq.m
(15.63801369863013878.8sq.m)
209,350 JPYsq.m
(16.8417281348788278.1sq.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

Matsusaka243,544 JPY/sq.m (+23% compared with the previous year)

The average price of Matsusaka Apartment was 243,544 JPY/sq.m. The market value represents an increase of 46,020 JPY (+23.3%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 1 (-12.5%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 13.7 years old (a -12.5% decrease compared to the 15.6 years old of last year.). The average size of the real estate was 77.9 sq.m (a -1.1% decrease compared to the 78.8 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 15.6 years old in 2017 and 13.7 years old in 2018; -12.5%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 37.5% of total transactions in 2017 and 28.6% 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)