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 Dec, 2014 was 167,535 JPY/sq.m. The market value represents an increase of 3,223 JPY (+2.0%) compared to 1 year ago and a transition to a slight market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 22.3 years old (a +37.7% increase compared to the 16.2 years old of last year.). The average size of the real estate was 61.0 sq.m (a -4.3% decrease compared to the 63.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving size for a general family households less than 100 sq.m.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations. Ishinomaki station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Ishinomaki station, where prices have decreased -13.4% compared to last year; a sq.m unit now costs 167,535 JPY/sq.m.

The top 1 stations has seen prices increase -13.4% (-25,993 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -13.4% (-25,993 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.2 years old in 2013 and 22.3 years old in 2014; +37.7%)
  • A dramatic increase in average distance from the station (representing 7.0 min in 2013 and 17.4 min in 2014; +148.6%)

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:

Top

Apartment stations market overview

The average price of a sq.m Apartment of Ishinomaki, the highest market value along this railway was 167,535 JPY/sq.m. The market value represents a decrease of 25,993 JPY (-13.4%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents an increase of 2 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Apartment of Ishinomaki, the lowest market value along this railway was 167,535 JPY/sq.m. The market value represents a decrease of 25,993 JPY (-13.4%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents an increase of 2 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

JR Ishimaki Line (Stations Apartment market overview)
JR Ishimaki LineThis year(2014)1 year ago2 years ago
Ishinomaki167,535 JPY (22.3Y/61.0sq.m)193,528 JPY (15.6Y/65.0sq.m)171,367 JPY (18.3Y/67.9sq.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.
Top

Noteworthy stations

Ishinomaki167,535 JPY/sq.m (-13% compared with the previous year)

The average price of a sq.m Apartment of Ishinomaki was 167,535 JPY/sq.m. The market value represents a decrease of 25,993 JPY (-13.4%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents an increase of 2 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 22.3 years old (a +43.1% increase compared to the 15.6 years old of last year.). The average size of the real estate was 61.0 sq.m (a -6.2% decrease compared to the 65.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 15.6 years old in 2013 and 22.3 years old in 2014; +43.1%)
  • A dramatic increase in average distance from the station (representing 6.0 min in 2013 and 17.4 min in 2014; +190.0%)

Breakdown of each segment

Station:   Segment:

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)