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, 2019 to Mar, 2019 was 212,401 JPY/sq.m. The market value represents a decrease of 56,349 JPY (-21.0%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 4 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.3 years old (a +133.3% increase compared to the 7.0 years old of last year.). The average size of the real estate was 80.8 sq.m (a +1.0% increase compared to the 80.0 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.

The top 1 stations has seen prices increase -21.0% (-56,349 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -21.0% (-56,349 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 7.0 years old in 2018 and 16.3 years old in 2019; +133.3%)
  • A dramatic increase in average distance from the station (representing 15.0 min in 2018 and 23.0 min in 2019; +53.3%)

Apartment stations market overview

The average price of Matsusaka Apartment, the highest market value along this railway was 212,401 JPY/sq.m. The market value represents a decrease of 56,349 JPY (-21.0%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 4 (+200.0%) 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 212,401 JPY/sq.m. The market value represents a decrease of 56,349 JPY (-21.0%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 4 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Meishō Line (Stations Apartment market overview)
JR Meishō LineThis year(2019)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Matsusaka212,401 JPYsq.m
(16.34383561643835580.8sq.m)
268,750 JPYsq.m
(7.00547945205479580.0sq.m)
217,647 JPYsq.m
(9.00547945205479585.0sq.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

Matsusaka212,401 JPY/sq.m (-21% compared with the previous year)

The average price of Matsusaka Apartment was 212,401 JPY/sq.m. The market value represents a decrease of 56,349 JPY (-21.0%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 4 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.3 years old (a +133.3% increase compared to the 7.0 years old of last year.). The average size of the real estate was 80.8 sq.m (a +1.0% increase compared to the 80.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 7.0 years old in 2018 and 16.3 years old in 2019; +133.3%)
  • A dramatic increase in average distance from the station (representing 15.0 min in 2018 and 23.0 min in 2019; +53.3%)

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)