Iwate Apartment market overview [Show ]

The average price of a sq.m Apartment of Iwate was 198,941 JPY/sq.m, and the median price was 187,500 JPY/sq.m.

The highest Apartment market value is JR at 190,000 JPY/sq.m. On the other hand, those with the lowest market value is Shinkansen at 188,750 JPY/sq.m.

In accordance with the aging of buildings, the area whose values were most likely to decline was the Morioka-Shi at -48.9% (The rate of decline after 30 years). On the other hand, market values along the Oshu-Shi was the most resistant to decline at -48.2% (The same rate).

In accordance with the aging of buildings, the stations whose values were most likely to decline was the Shinkansen at -48.8% (The rate of decline after 30 years). On the other hand, market values along the JR was the most resistant to decline at -48.1% (The same rate).

Data regarding the market value and its changes were calculated using data on the sales of 774 properties provided by the MLIT Japan.

Value:

Unit:

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Market value

AreaAverage Trading PriceAverage Unit Price
Morioka-Shi [Land utilization ]11,862,543 JPY196,980 JPY/sq.m
Hanamaki-Shi [Land utilization ]17,125,000 JPY241,862 JPY/sq.m
Ichinoseki-Shi [Land utilization ]17,037,500 JPY264,844 JPY/sq.m
Oshu-Shi21,857,143 JPY317,021 JPY/sq.m
StationsAverage Trading PriceAverage Unit Price
JR [Land utilization ]12,048,789 JPY199,563 JPY/sq.m
Shinkansen [Land utilization ]12,060,887 JPY201,131 JPY/sq.m
Other [Land utilization ]11,876,984 JPY198,637 JPY/sq.m