Nishichamachi, Matsue City: property prices and land values

西茶町(松江市)

Data last updated: November 2026 (Land Price Publication 2026, Prefectural Survey 2026, transactions through Q2 2026)

Avg. residential land price
No data
Avg. commercial land price
¥76K/m²
≈ $45/sq ft · 1 sites
1-year change
+0.7%
Residential — · commercial +0.7%
5 years / 10 years
+2.4% / +1.1%
Same sites, chained
Pre-owned condos per m²
No data
Pre-owned houses (median)
No data
Real Estate Zukan Index
No data
Total real estate value Estimate
Coming soon

Map official land price survey sites

Tap anywhere on the map to get an estimate for that spot. Map: GSI Tiles.

Price trend and forecast average chained from the same survey sites

¥60K/m²¥80K/m²¥100K/m²¥120K/m²20062009201220152018202120242026
Commercial
Avg. residential land priceNow1 year3 years5 years10 years
Forecast Forecast
+0.3% a year
—¥76K/m²¥77K/m²¥77K/m²¥78K/m²

Forecasts are projections, not guarantees. 10-year range: ¥64K/m²–¥92K/m²

Nishichamachi, Matsue City compared with larger areas

AreaAvg. residential≈ USD/sq ftNishichamachi, Matsue City is1 year5 yearsCondos per m²Index
Nishichamachi, Matsue City —— +0.7%+2.4% ——
Matsue City ¥45K/m²$26/sq ft +0.4%+1.5% ¥267K/m²67
Shimane ¥25K/m²$15/sq ft −0.8%−3.9% ¥244K/m²15
Japan ¥120K/m²$70/sq ft +2.1%+8.0% ¥493K/m²—

Official land price survey sites highest first · 1 sites

LocationUsePrice per m²≈ USD/sq ft1 yearStation
島根県 松江市西茶町102番
Land Price Publication 2026
Commercial¥76K/m²$45/sq ft +0.7%松江しんじ湖温泉
650 m

Transaction prices MLIT Real Estate Information Library · last 2 years · 5 sales

Condos per m² (median)
—
Condo price (median)
—
Land & building (median)
—
Land per m² (median)
—

Sales in the loaded period: Land & building 3 · Pre-owned condo 2 · Land 2

DistrictPeriodTypePriceAreaBuiltPer m²
NishichamachiQ2 2026Pre-owned condo (contract) ¥42.0M95 m²2006¥442K/m²
NishichamachiQ2 2026Pre-owned condo (contract) ¥25.0M75 m²2006¥333K/m²
NishichamachiQ1 2026Land & building ¥18.0M240 m²——
NishichamachiQ3 2025Land & building ¥9.5M250 m²1981—
NishichamachiQ2 2025Land ¥30.0M240 m²—¥130K/m²
NishichamachiQ4 2024Land & building ¥2.3M55 m²——
NishichamachiQ3 2024Land ¥5.5M50 m²—¥110K/m²

Nearby neighborhoods

FAQ

Are land prices in Nishichamachi, Matsue City going up?

Land prices in Nishichamachi, Matsue City have risen by +0.7% on average over the past year. Over five years the change is +2.4%.

What is the land price forecast for Nishichamachi, Matsue City?

The Fudosan Zukan model projects residential land prices to change by +0.3% a year, reaching about ¥78,204 per m² in 10 years (range ¥64,127–¥92,281). Forecasts are projections, not guarantees.

Land prices are official survey prices (Land Price Publication as of January 1, Prefectural Land Price Survey as of July 1); transactions are MLIT transaction and contract prices. Averages, changes, forecasts and the index are calculated by Fudosan Zukan. All prices in Japanese yen; dollar figures (≈) at ¥158.29 = $1 are for reference. Estimated prices and forecasts on this site are for reference only and do not guarantee actual sale prices or appraisal values. The estimate is not a licensed real estate appraisal; it is an "AI-estimated price" calculated from public land price and transaction statistics. Forecasts are projections, not guarantees.