JR Meishō Line railway market report
- Type: Apartment
- Line: JR Meishō Line
Matsusaka Matsusaka [15 stations] - Period: 2019 - 3Q
Jul, 2019 Sep, 2019
JR Meishō Line Apartment market overview
The average price of JR Meishō Line (Matsusaka to Matsusaka) Apartment, in Jul, 2019 to Sep, 2019 was 204,644 JPY/sq.m. The market value represents a decrease of 30,517 JPY (-13.0%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 12.5 years old (a -16.7% decrease compared to the 15.0 years old of last year.). The average size of the real estate was 90.0 sq.m (a +16.1% increase compared to the 77.5 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old.
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 5% compared to last year. The most dramatic price increase was at Matsusaka station, where prices have decreased -13.0% compared to last year; a sq.m unit now costs 204,644 JPY/sq.m.
The top 1 stations has seen prices increase -13.0% (-30,517 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -13.0% (-30,517 JPY/sq.m).
Cause of price increases
- An decrease in average age of the building (representing 15.0 years old in 2018 and 12.5 years old in 2019; -16.7%)
Causes of price decreases
- A dramatic increase in average distance from the station (representing 17.8 min in 2018 and 23.0 min in 2019; +29.6%)
Apartment stations market overview
The average price of Matsusaka Apartment, the highest market value along this railway was 204,644 JPY/sq.m. The market value represents a decrease of 30,517 JPY (-13.0%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) 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 204,644 JPY/sq.m. The market value represents a decrease of 30,517 JPY (-13.0%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).
| JR Meishō Line | This year(2019) (Avg.Age,Dim.) | 1 year ago (Avg.Age,Dim.) | 2 years ago (Avg.Age,Dim.) |
|---|---|---|---|
| Matsusaka | 204,644 JPYsq.m (12.5109589041095990.0sq.m) | 235,161 JPYsq.m (15.01369863013698677.5sq.m) | 179,808 JPYsq.m (22.51917808219178272.5sq.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
Matsusaka 204,644 JPY/sq.m (-13% compared with the previous year)
The average price of Matsusaka Apartment was 204,644 JPY/sq.m. The market value represents a decrease of 30,517 JPY (-13.0%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 12.5 years old (a -16.7% decrease compared to the 15.0 years old of last year.). The average size of the real estate was 90.0 sq.m (a +16.1% increase compared to the 77.5 sq.m of last year.).
Cause of price increases
- An decrease in average age of the building (representing 15.0 years old in 2018 and 12.5 years old in 2019; -16.7%)
Causes of price decreases
- A dramatic increase in average distance from the station (representing 17.8 min in 2018 and 23.0 min in 2019; +29.6%)
Breakdown of each segment
Station: Segment: