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, 2020 to Sep, 2020 was 150,769 JPY/sq.m. The market value represents a decrease of 53,875 JPY (-26.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 27.5 years old (a +120.0% increase compared to the 12.5 years old of last year.). The average size of the real estate was 65.0 sq.m (a -27.8% decrease compared to the 90.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a slight decrease in transactions involving size for a general family households less than 100 sq.m.

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 -26.3% (-53,875 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -26.3% (-53,875 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 23.0 min in 2019 and 9.0 min in 2020; -60.9%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 12.5 years old in 2019 and 27.5 years old in 2020; +120.0%)

Apartment stations market overview

The average price of Matsusaka Apartment, the highest market value along this railway was 150,769 JPY/sq.m. The market value represents a decrease of 53,875 JPY (-26.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-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 150,769 JPY/sq.m. The market value represents a decrease of 53,875 JPY (-26.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Meishō Line (Stations Apartment market overview)
JR Meishō LineThis year(2020)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Matsusaka150,769 JPYsq.m
(27.52328767123287565.0sq.m)
204,644 JPYsq.m
(12.5109589041095990.0sq.m)
235,161 JPYsq.m
(15.01369863013698677.5sq.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

Matsusaka150,769 JPY/sq.m (-26% compared with the previous year)

The average price of Matsusaka Apartment was 150,769 JPY/sq.m. The market value represents a decrease of 53,875 JPY (-26.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 27.5 years old (a +120.0% increase compared to the 12.5 years old of last year.). The average size of the real estate was 65.0 sq.m (a -27.8% decrease compared to the 90.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 23.0 min in 2019 and 9.0 min in 2020; -60.9%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 12.5 years old in 2019 and 27.5 years old in 2020; +120.0%)

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.