Tohoku Shinkansen Apartment market overview

The average price of a sq.m Apartment of Tohoku Shinkansen (Sendai to Furukawa), in Jan, 2016 to Mar, 2016 was 210,418 JPY/sq.m. The market value represents a decrease of 80,556 JPY (-27.7%) compared to 1 year ago and a transition to a dramatic market. 13 properties exchanged hands ( The market value represents a decrease of 18 (-58.1%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 23.4 years old (a +8.4% increase compared to the 21.6 years old of last year.). The average size of the real estate was 58.5 sq.m (a +3.9% increase compared to the 56.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -23.4% (-68,206 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -23.4% (-68,206 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 21.7 min in 2015 and 54.5 min in 2016; +150.8%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 58.1% of total transactions in 2015 and 75.0% of total transactions in 2016)

Breakdown of each segment

The table below shows Apartment dealt in Tohoku Shinkansen, 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 Sendai, the highest market value along this railway was 222,768 JPY/sq.m. The market value represents a decrease of 68,206 JPY (-23.4%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents a decrease of 19 (-61.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Apartment of Sendai, the lowest market value along this railway was 222,768 JPY/sq.m. The market value represents a decrease of 68,206 JPY (-23.4%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents a decrease of 19 (-61.3%) compared to 1 year ago and a transition to a dramatic market.).

Tohoku Shinkansen (Stations Apartment market overview)
Tohoku ShinkansenThis year(2016)1 year ago2 years ago
Sendai222,768 JPY (23.3Y/59.6sq.m)290,974 JPY (21.6Y/56.3sq.m)264,703 JPY (21.7Y/61.4sq.m)
Furukawa62,222 JPY (25.0Y/45.0sq.m)-66,666 JPY (23.0Y/45.0sq.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.
Top

Noteworthy stations

Sendai222,768 JPY/sq.m (-23% compared with the previous year)

The average price of a sq.m Apartment of Sendai was 222,768 JPY/sq.m. The market value represents a decrease of 68,206 JPY (-23.4%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents a decrease of 19 (-61.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 23.3 years old (a +7.7% increase compared to the 21.6 years old of last year.). The average size of the real estate was 59.6 sq.m (a +5.9% increase compared to the 56.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 21.7 min in 2015 and 56.6 min in 2016; +160.2%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 58.1% of total transactions in 2015 and 72.7% of total transactions in 2016)

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)