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, 2021 to Mar, 2021 was 311,111 JPY/sq.m. The market value represents an increase of 107,624 JPY (+52.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 5 (-83.3%) 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 -6.2% decrease compared to the 16.0 years old of last year.). The average size of the real estate was 90.0 sq.m (a +33.3% increase compared to the 67.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. The market value increased in all stations. Matsusaka station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Matsusaka station, where prices have increased +52.9% compared to last year; a sq.m unit now costs 311,111 JPY/sq.m.

The top 1 stations has seen prices increase +52.9% (+107,624 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +52.9% (+107,624 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 7.0 min in 2020 and 3.0 min in 2021; -57.1%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 16.7% of total transactions in 2020 and 100.0% of total transactions in 2021)

Apartment stations market overview

The average price of Matsusaka Apartment, the highest market value along this railway was 311,111 JPY/sq.m. The market value represents an increase of 107,624 JPY (+52.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 5 (-83.3%) 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 311,111 JPY/sq.m. The market value represents an increase of 107,624 JPY (+52.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 5 (-83.3%) compared to 1 year ago and a transition to a dramatic market.).

JR Meishō Line (Stations Apartment market overview)
JR Meishō LineThis year(2021)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Matsusaka311,111 JPYsq.m
(15.0109589041095990.0sq.m)
203,488 JPYsq.m
(16.0116438356164467.5sq.m)
212,401 JPYsq.m
(16.34383561643835580.8sq.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

Matsusaka311,111 JPY/sq.m (+53% compared with the previous year)

The average price of Matsusaka Apartment was 311,111 JPY/sq.m. The market value represents an increase of 107,624 JPY (+52.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 5 (-83.3%) 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 -6.2% decrease compared to the 16.0 years old of last year.). The average size of the real estate was 90.0 sq.m (a +33.3% increase compared to the 67.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 7.0 min in 2020 and 3.0 min in 2021; -57.1%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 16.7% of total transactions in 2020 and 100.0% of total transactions in 2021)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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