The average price of a sq.m Apartment of Ehime Imabari-Shi, in 2016 was 173,670 JPY/sq.m. The market value represents an increase of 40,478 JPY (+30.4%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 1 (-12.5%) compared to 1 year ago and a transition to a weak market.).
The average age of the real estate was 17.4 years old (a -19.9% decrease compared to the 21.7 years old of last year.). The average size of the real estate was 75.0 sq.m (a +57.9% increase compared to the 47.5 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving size for a general family households less than 100 sq.m.
Cause of price increases
- An decrease in average age of the building (representing 21.7 years old in 2015 and 17.4 years old in 2016; -19.9%)
- An decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2015 and 42.9% of total transactions in 2016)
The highest Apartment market value is 北日吉町 at 194,286 JPY/sq.m. On the other hand, those with the lowest market value is 黄金町 at 132,000 JPY/sq.m.
In accordance with the aging of buildings, the area whose values were most likely to decline was the 黄金町 at -48.3% (The rate of decline after 30 years). On the other hand, market values along the 北日吉町 was the most resistant to decline at -38.1% (The same rate).
Data regarding the market value and its changes of Apartment in Imabari-Shi were calculated using data on the sales of 62 properties provided by the MLIT Japan.