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 Dec, 2019 was 196,228 JPY/sq.m. The market value represents a decrease of 47,317 JPY (-19.4%) compared to 1 year ago and a transition to a weak market. 9 properties exchanged hands ( The market value represents an increase of 2 (+28.6%) 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 +9.4% increase compared to the 13.7 years old of last year.). The average size of the real estate was 83.3 sq.m (a +7.0% increase compared to the 77.9 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 -19.4% compared to last year; a sq.m unit now costs 196,228 JPY/sq.m.

The top 1 stations has seen prices increase -19.4% (-47,317 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -19.4% (-47,317 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 28.6% of total transactions in 2018 and 11.1% of total transactions in 2019)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 17.9 min in 2018 and 23.8 min in 2019; +33.2%)

Apartment stations market overview

The average price of Matsusaka Apartment, the highest market value along this railway was 196,228 JPY/sq.m. The market value represents a decrease of 47,317 JPY (-19.4%) compared to 1 year ago and a transition to a weak market. 9 properties exchanged hands ( The market value represents an increase of 2 (+28.6%) 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 196,228 JPY/sq.m. The market value represents a decrease of 47,317 JPY (-19.4%) compared to 1 year ago and a transition to a weak market. 9 properties exchanged hands ( The market value represents an increase of 2 (+28.6%) 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.)
Matsusaka196,228 JPYsq.m
(14.98264840182648483.3sq.m)
243,544 JPYsq.m
(13.6904109589041177.9sq.m)
197,525 JPYsq.m
(15.63801369863013878.8sq.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

Matsusaka196,228 JPY/sq.m (-19% compared with the previous year)

The average price of Matsusaka Apartment was 196,228 JPY/sq.m. The market value represents a decrease of 47,317 JPY (-19.4%) compared to 1 year ago and a transition to a weak market. 9 properties exchanged hands ( The market value represents an increase of 2 (+28.6%) 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 +9.4% increase compared to the 13.7 years old of last year.). The average size of the real estate was 83.3 sq.m (a +7.0% increase compared to the 77.9 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 28.6% of total transactions in 2018 and 11.1% of total transactions in 2019)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 17.9 min in 2018 and 23.8 min in 2019; +33.2%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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Corporate Profile

Company Name Utinokati
Utinokati Real estate media providing price quotes and price trends for condominiums, homes, land and rental properties in 250,000 locations nationwide, along more than 20,000 train lines and stations, as well as rent quotes and rent trends.
Totinokati Real estate media providing public land prices, roadside land prices (inheritance tax assessed values), and property tax assessed values for 10,000 areas and station areas nationwide, based on the Ministry of Land, Infrastructure, Transport and Tourism's public notice of land prices.
Location Kudanminami 1-5-6, Chiyoda-ku, Tokyo, Japan
Foundation November, 2014
Mission Our mission is to use past real estate transaction data to visualize real estate pricing across Japan and offer that information to users in a convenient fashion.