Nishikawatsucho, Matsue City: property prices and land values

西川津町(松江市)

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

Avg. residential land price
¥57K/m²
≈ $33/sq ft · 3 sites
#16 of 60 neighborhoods
Avg. commercial land price
No data
1-year change
+0.3%
Residential +0.3% · commercial —
5 years / 10 years
+1.5% / +0.1%
Same sites, chained
Pre-owned condos per m²
¥187K/m²
70 m² ≈ ¥13.1M · 8 sales
Pre-owned houses (median)
¥22.0M
≈ $139K · 11 sales
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

¥50K/m²¥60K/m²¥70K/m²¥80K/m²2006201020142018202220262036
ResidentialResidential forecast
Avg. residential land priceNow1 year3 years5 years10 years
Forecast Forecast
+0.3% a year
¥57K/m²¥57K/m²¥57K/m²¥58K/m²¥58K/m²

Forecasts are projections, not guarantees. 10-year range: ¥48K/m²–¥69K/m²

Nishikawatsucho, Matsue City compared with larger areas

AreaAvg. residential≈ USD/sq ftNishikawatsucho, Matsue City is1 year5 yearsCondos per m²Index
Nishikawatsucho, Matsue City ¥57K/m²$33/sq ft +0.3%+1.5% ¥187K/m²—
Matsue City ¥45K/m²$26/sq ft 1.3x+0.4%+1.5% ¥267K/m²67
Shimane ¥25K/m²$15/sq ft 2.3x−0.8%−3.9% ¥244K/m²15
Japan ¥120K/m²$70/sq ft 0.47x+2.1%+8.0% ¥493K/m²—

Official land price survey sites highest first · 3 sites

LocationUsePrice per m²≈ USD/sq ft1 yearStation
島根県 松江市西川津町字山崎3280番18
Prefectural Survey 2026
Residential¥59K/m²$35/sq ft +1.0%一般住宅が建ち並ぶ丘陵地に開発された住宅団地
島根県 松江市西川津町字木佐屋田1540番20
Prefectural Survey 2026
Residential¥56K/m²$33/sq ft ±0.0%中規模一般住宅が建ち並ぶ住宅地域
島根県 松江市西川津町748番83
Land Price Publication 2026
Residential¥55K/m²$32/sq ft ±0.0%松江
4.1 km

Transaction prices MLIT Real Estate Information Library · last 2 years · 37 sales

Condos per m² (median)
¥187K/m²
Condo price (median)
¥15.0M
Land & building (median)
¥22.0M
Land per m² (median)
¥26K/m²

Sales in the loaded period: Farmland 26 · Land & building 22 · Land 19 · Pre-owned condo 12 · Forest 2

DistrictPeriodTypePriceAreaBuiltPer m²
NishikawatsuchoQ2 2026Land & building ¥22.0M230 m²1988—
NishikawatsuchoQ1 2026Pre-owned condo (contract) ¥15.0M85 m²2000¥176K/m²
NishikawatsuchoQ1 2026Farmland ¥45.0M8,888 m²——
NishikawatsuchoQ1 2026Farmland ¥49.0M8,888 m²——
NishikawatsuchoQ1 2026Farmland ¥19.0M2,400 m²——
NishikawatsuchoQ1 2026Pre-owned condo ¥15.0M80 m²2000¥188K/m²
NishikawatsuchoQ1 2026Pre-owned condo ¥19.0M65 m²2000¥292K/m²
NishikawatsuchoQ1 2026Pre-owned condo ¥14.0M75 m²2001¥187K/m²
NishikawatsuchoQ1 2026Land & building ¥33.0M195 m²2025—
NishikawatsuchoQ1 2026Land & building ¥27.0M310 m²2021—
NishikawatsuchoQ1 2026Farmland ¥17.0M2,100 m²——
NishikawatsuchoQ1 2026Farmland ¥55.0M8,888 m²——
NishikawatsuchoQ4 2025Farmland ¥32.0M8,888 m²——
NishikawatsuchoQ4 2025Farmland ¥4.7M910 m²——
NishikawatsuchoQ4 2025Farmland ¥13.0M2,400 m²——
NishikawatsuchoQ4 2025Pre-owned condo ¥8.5M60 m²1990¥142K/m²
NishikawatsuchoQ4 2025Land ¥7.8M230 m²—¥34K/m²
NishikawatsuchoQ4 2025Land & building ¥13.0M290 m²1980—
NishikawatsuchoQ4 2025Land & building ¥39.0M190 m²2019—
NishikawatsuchoQ3 2025Land ¥8.0M135 m²—¥60K/m²

Nearby neighborhoods

FAQ

What is the average land price in Nishikawatsucho, Matsue City?

The average price of residential land in Nishikawatsucho, Matsue City is ¥56,733 per m² (about ¥187,547 per tsubo), based on 3 sites in the official land price surveys (2026).

Are land prices in Nishikawatsucho, Matsue City going up?

Land prices in Nishikawatsucho, Matsue City have risen by +0.3% on average over the past year. Over five years the change is +1.5%.

How much do pre-owned condos cost in Nishikawatsucho, Matsue City?

The median price of pre-owned condo transactions in the last two years is ¥187,083 per m², with a median price of ¥15.0 million (8 transactions, MLIT Real Estate Information Library).

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

The Fudosan Zukan model projects residential land prices to change by +0.3% a year, reaching about ¥58,376 per m² in 10 years (range ¥47,868–¥68,884). 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.