JR Ishimaki Line Apartment market overview

The average price of a sq.m Apartment of JR Ishimaki Line (Ishinomaki to Ishinomaki), in Jan, 2014 to Mar, 2014 was 174,545 JPY/sq.m. The market value represents an increase of 97,879 JPY (+127.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 26.0 years old (a +44.4% increase compared to the 18.0 years old of last year.). The average size of the real estate was 55.0 sq.m (a -8.3% decrease compared to the 60.0 sq.m of last year.).

0 stations have experienced increased prices; 0 stations have experienced decreased prices. The market value decreased in all stations.

The top 0 stations has seen prices increase +0.0% (+0 JPY/sq.m). On the other hand, The bottom 0 stations has seen prices decrease +0.0% (+0 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.0 years old in 2013 and 26.0 years old in 2014; +44.4%)
  • A dramatic increase in average distance from the station (representing 10.0 min in 2013 and 24.0 min in 2014; +140.0%)

Breakdown of each segment

The table below shows Apartment dealt in JR Ishimaki Line, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

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Apartment stations market overview

JR Ishimaki Line (Stations Apartment market overview)
JR Ishimaki LineThis year(2014)1 year ago2 years ago
Ishinomaki174,545 JPY (26.0Y/55.0sq.m)-117,618 JPY (18.0Y/65.0sq.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.
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Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (http://utinokati.com/en/) where the data will be posted. (As a general rule, prior consent is not required.) Our data is based on Ministry of Land, Infrastructure, Transport, and Tourism of Japan (actual market sales prices)