Tohoku Shinkansen Apartment market overview

The average price of a sq.m Apartment of Tohoku Shinkansen (Sendai to Furukawa), in Jul, 2016 to Sep, 2016 was 289,969 JPY/sq.m. The market value represents an increase of 69,345 JPY (+31.4%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents an increase of 3 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 25.5 years old (a +5.7% increase compared to the 24.1 years old of last year.). The average size of the real estate was 55.0 sq.m (a -11.6% decrease compared to the 62.2 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.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was the same as last year. Sendai station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Sendai station, where prices have increased +18.3% compared to last year; a sq.m unit now costs 289,969 JPY/sq.m.

The top 1 stations has seen prices increase +18.3% (+44,945 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +18.3% (+44,945 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 26.1 min in 2015 and 17.5 min in 2016; -33.0%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 75.0% of total transactions in 2015 and 50.0% 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 289,969 JPY/sq.m. The market value represents an increase of 44,945 JPY (+18.3%) compared to 1 year ago and a transition to a bull market. 12 properties exchanged hands ( The market value represents an increase of 5 (+71.4%) 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 289,969 JPY/sq.m. The market value represents an increase of 44,945 JPY (+18.3%) compared to 1 year ago and a transition to a bull market. 12 properties exchanged hands ( The market value represents an increase of 5 (+71.4%) 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
Sendai289,969 JPY (25.5Y/55.0sq.m)245,024 JPY (25.2Y/60.7sq.m)293,683 JPY (23.3Y/63.9sq.m)
Furukawa-135,227 JPY (21.0Y/67.5sq.m)119,248 JPY (15.5Y/64.0sq.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

Sendai289,969 JPY/sq.m (+18% compared with the previous year)

The average price of a sq.m Apartment of Sendai was 289,969 JPY/sq.m. The market value represents an increase of 44,945 JPY (+18.3%) compared to 1 year ago and a transition to a bull market. 12 properties exchanged hands ( The market value represents an increase of 5 (+71.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 25.5 years old (a +1.3% increase compared to the 25.2 years old of last year.). The average size of the real estate was 55.0 sq.m (a -9.4% decrease compared to the 60.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 29.0 min in 2015 and 17.5 min in 2016; -39.7%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 83.3% of total transactions in 2015 and 50.0% 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)