JR Meishō Line railway market report
- Type: Apartment
- Line: JR Meishō Line
Matsusaka Matsusaka [15 stations] - Period: 2020 - FY
Jan, 2020 Sep, 2020
JR Meishō Line Apartment market overview
The average price of JR Meishō Line (Matsusaka to Matsusaka) Apartment, in Jan, 2020 to Sep, 2020 was 191,004 JPY/sq.m. The market value represents a decrease of 5,223 JPY (-2.7%) compared to 1 year ago and a transition to a slight market. 10 properties exchanged hands ( The market value represents an increase of 1 (+11.1%) compared to 1 year ago and a transition to a bull market.).
The average age of the real estate was 16.6 years old (a +10.7% increase compared to the 15.0 years old of last year.). The average size of the real estate was 71.5 sq.m (a -14.2% decrease compared to the 83.3 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station.
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 20% compared to last year. The most dramatic price increase was at Matsusaka station, where prices have decreased -2.7% compared to last year; a sq.m unit now costs 191,004 JPY/sq.m.
The top 1 stations has seen prices increase -2.7% (-5,223 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -2.7% (-5,223 JPY/sq.m).
Cause of price increases
- A dramatic decrease in average distance from the station (representing 23.8 min in 2019 and 9.9 min in 2020; -58.4%)
Causes of price decreases
- An increase in average age of the building (representing 15.0 years old in 2019 and 16.6 years old in 2020; +10.7%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 11.1% of total transactions in 2019 and 28.6% of total transactions in 2020)
Apartment stations market overview
The average price of Matsusaka Apartment, the highest market value along this railway was 191,004 JPY/sq.m. The market value represents a decrease of 5,223 JPY (-2.7%) compared to 1 year ago and a transition to a slight market. 10 properties exchanged hands ( The market value represents an increase of 1 (+11.1%) compared to 1 year ago and a transition to a bull market.).
The average price of Matsusaka Apartment, the lowest market value along this railway was 191,004 JPY/sq.m. The market value represents a decrease of 5,223 JPY (-2.7%) compared to 1 year ago and a transition to a slight market. 10 properties exchanged hands ( The market value represents an increase of 1 (+11.1%) compared to 1 year ago and a transition to a bull market.).
| JR Meishō Line | This year(2020) (Avg.Age,Dim.) | 1 year ago (Avg.Age,Dim.) | 2 years ago (Avg.Age,Dim.) |
|---|---|---|---|
| Matsusaka | 191,004 JPYsq.m (16.5843444227005971.5sq.m) | 196,228 JPYsq.m (14.98264840182648483.3sq.m) | 243,544 JPYsq.m (13.6904109589041177.9sq.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 191,004 JPY/sq.m (-3% compared with the previous year)
The average price of Matsusaka Apartment was 191,004 JPY/sq.m. The market value represents a decrease of 5,223 JPY (-2.7%) compared to 1 year ago and a transition to a slight market. 10 properties exchanged hands ( The market value represents an increase of 1 (+11.1%) compared to 1 year ago and a transition to a bull market.).
The average age of the real estate was 16.6 years old (a +10.7% increase compared to the 15.0 years old of last year.). The average size of the real estate was 71.5 sq.m (a -14.2% decrease compared to the 83.3 sq.m of last year.).
Cause of price increases
- A dramatic decrease in average distance from the station (representing 23.8 min in 2019 and 9.9 min in 2020; -58.4%)
Causes of price decreases
- An increase in average age of the building (representing 15.0 years old in 2019 and 16.6 years old in 2020; +10.7%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 11.1% of total transactions in 2019 and 28.6% of total transactions in 2020)
Breakdown of each segment
Station: Segment: