JR Meishō Line railway market report
- Type: Apartment
- Line: JR Meishō Line
Matsusaka Matsusaka [15 stations] - Period: 2021 - FY
Jan, 2021 Sep, 2021
JR Meishō Line Apartment market overview
The average price of JR Meishō Line (Matsusaka to Matsusaka) Apartment, in Jan, 2021 to Sep, 2021 was 227,407 JPY/sq.m. The market value represents an increase of 36,403 JPY (+19.1%) compared to 1 year ago and a transition to a bull market. 8 properties exchanged hands ( The market value represents a decrease of 2 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 19.9 years old (a +19.9% increase compared to the 16.6 years old of last year.). The average size of the real estate was 87.5 sq.m (a +22.4% increase compared to the 71.5 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.
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 10% compared to last year. The most dramatic price increase was at Matsusaka station, where prices have increased +19.1% compared to last year; a sq.m unit now costs 227,407 JPY/sq.m.
The top 1 stations has seen prices increase +19.1% (+36,403 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +19.1% (+36,403 JPY/sq.m).
Cause of price increases
- A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 10.0% of total transactions in 2020 and 12.5% of total transactions in 2021)
Causes of price decreases
- An increase in average age of the building (representing 16.6 years old in 2020 and 19.9 years old in 2021; +19.9%)
- A dramatic increase in average distance from the station (representing 9.9 min in 2020 and 19.8 min in 2021; +99.5%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 28.6% of total transactions in 2020 and 50.0% of total transactions in 2021)
Apartment stations market overview
The average price of Matsusaka Apartment, the highest market value along this railway was 227,407 JPY/sq.m. The market value represents an increase of 36,403 JPY (+19.1%) compared to 1 year ago and a transition to a bull market. 8 properties exchanged hands ( The market value represents a decrease of 2 (-20.0%) 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 227,407 JPY/sq.m. The market value represents an increase of 36,403 JPY (+19.1%) compared to 1 year ago and a transition to a bull market. 8 properties exchanged hands ( The market value represents a decrease of 2 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).
| JR Meishō Line | This year(2021) (Avg.Age,Dim.) | 1 year ago (Avg.Age,Dim.) | 2 years ago (Avg.Age,Dim.) |
|---|---|---|---|
| Matsusaka | 227,407 JPYsq.m (19.89075342465753687.5sq.m) | 191,004 JPYsq.m (16.5843444227005971.5sq.m) | 196,228 JPYsq.m (14.98264840182648483.3sq.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 227,407 JPY/sq.m (+19% compared with the previous year)
The average price of Matsusaka Apartment was 227,407 JPY/sq.m. The market value represents an increase of 36,403 JPY (+19.1%) compared to 1 year ago and a transition to a bull market. 8 properties exchanged hands ( The market value represents a decrease of 2 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 19.9 years old (a +19.9% increase compared to the 16.6 years old of last year.). The average size of the real estate was 87.5 sq.m (a +22.4% increase compared to the 71.5 sq.m of last year.).
Cause of price increases
- A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 10.0% of total transactions in 2020 and 12.5% of total transactions in 2021)
Causes of price decreases
- An increase in average age of the building (representing 16.6 years old in 2020 and 19.9 years old in 2021; +19.9%)
- A dramatic increase in average distance from the station (representing 9.9 min in 2020 and 19.8 min in 2021; +99.5%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 28.6% of total transactions in 2020 and 50.0% of total transactions in 2021)
Breakdown of each segment
Station: Segment:
