Ichinoseki-Shi Apartment average value

Price 311,312 JPY/sq.m
- Age 6.4 years old
- Dist. from Sta. 26.0 min walk
- Property area 68.0 sq.m

The average price of Iwate Ichinoseki-Shi Apartment, in 2020 was 12,143 JPY/sq.m. The market value represents a decrease of 228,209 JPY (-94.9%) compared to 1 year ago and a transition to a dramatic market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 10.4 years old in 2019 and 23.4 years old in 2020; +124.8%)
  • A dramatic increase in average distance from the station (representing 51.6 min in 2019 and 120.0 min in 2020; +132.6%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 40.0% of total transactions in 2019 and 100.0% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Ichinoseki-Shi were calculated using data on the sales of 47 properties provided by the MLIT Japan.

Ichinoseki-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
上大槻街16,916,667 JPY274,722 JPY/sq.m6 件
厳美町500,000 JPY9,008 JPY/sq.m9 件
大手町27,153,846 JPY387,648 JPY/sq.m13 件
新大町27,769,231 JPY388,303 JPY/sq.m13 件
田村町21,000,000 JPY291,906 JPY/sq.m6 件

Ichinoseki-Shi Apartment value Age transition

Market values (unit price: sq.m, ㎡) in terms of Age, is as follow.

The orange line means market values (unit price: sq.m) for Apartment in terms of Age. The orange line changes on the basis of distance from the train station and area of the property (* For example , if the distance from the station is far, the lower the unit price.).

The dots means trading data. When you mouseover or touch the dot, details of the trading data is displayed. You can color (classify) the dots on the basis of the property area, distance from the stations, or the property price, etc.

(* You can scroll and zoom with pinch in the mobile environment.)
(* When you double-click, the value of Age is updated.)
AgeTrading PriceProportion
Price at New401,260 JPY/sq.m100 %
Residual Value (10 Years)330,775 JPY/sq.m82 %
Residual Value (20 Years)260,025 JPY/sq.m65 %
Residual Value (20 Years)189,010 JPY/sq.m47 %
Color:
Unit:   Touch:
Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
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- Trading date: {{infoObj.trade_date|date:'MMMM, yyyy'}}

When you change the slider, the unit price will change.
Age of a building Property area Total floor area Distance from the station




Calculate Ichinoseki-Shi Apartment market value

We can calculate market values for Apartment based on their age, area, and distance from a train station.

Age
years old
Area
sq.m
Total floor space
sq.m
Distance from the station
min walk

Market values for Ichinoseki-Shi Apartment that meet the above conditions were calculated in the following manner.

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({{unit_price|number:0}} JPY/sq.m)

The assumed transaction price, not including agency commissions, taxes, etc.

Trading Data

Past Apartment sales data, with similarly entered ages, area, and distances from station are as follows.

1. Iwate Ichinoseki-Shi 大手町 (Ichinoseki-Shi Ichinoseki 8.0 min walk)
2.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 2LDK
- Trading date: 2019-06-01 00:00:00

Trading price:   29,000,000 JPY,    Unit price:   446,154 JPY/sq.m

2. Iwate Ichinoseki-Shi 大手町 (Ichinoseki-Shi Ichinoseki 8.0 min walk)
2.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2019-03-01 00:00:00

Trading price:   22,000,000 JPY,    Unit price:   338,462 JPY/sq.m

3. Iwate Ichinoseki-Shi 大手町 (Ichinoseki-Shi Ichinoseki 8.0 min walk)
1.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2018-09-01 00:00:00

Trading price:   20,000,000 JPY,    Unit price:   307,692 JPY/sq.m

4. Iwate Ichinoseki-Shi 大手町 (Ichinoseki-Shi Ichinoseki 8.0 min walk)
1.5 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: RC
- Trading date: 2018-09-01 00:00:00

Trading price:   29,000,000 JPY,    Unit price:   362,500 JPY/sq.m

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Trading price:   {{item.price|number:0}} JPY,    Unit price:   {{item.unit_price|number:0}} JPY/sq.m

Apartment market value trends

Market value trends for Apartment are as follows.

Data:
Unit:   Touch:
Apartment market value trends Market value trends for Apartment.

Apartment market value trends


Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 10.4 years old in 2019 and 23.4 years old in 2020; +124.8%)
  • A dramatic increase in average distance from the station (representing 51.6 min in 2019 and 120.0 min in 2020; +132.6%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 40.0% of total transactions in 2019 and 100.0% of total transactions in 2020)
The table below shows Apartment dealt in Iwate Ichinoseki-Shi, 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:

Area close to the price in Ichinoseki-Shi

The closest areas in terms of Apartment price ranges to this area are ones like the following that are along a railway line and have a station.

Area / Station Median
Price
JPY
Unit price
JPY/sq.m
Age
Years old
Distance
min walk
Area
Ichinoseki-Shi 上大槻街 (6) [Area]18,000,000308,334 JPY/sq.m6.5 yrs4 min60 sq.m
Oshu-Shi (25) [Area]20,000,000300,000 JPY/sq.m1.8 yrs5 min65 sq.m
Oshu-Shi 水沢南町 (6) [Area]20,000,000286,154 JPY/sq.m9.3 yrs5 min65 sq.m
Ichinoseki-Shi 田村町 (6) [Area]20,000,000282,212 JPY/sq.m12.0 yrs7 min72 sq.m
Morioka-Shi 仙北 (2) [Area]26,500,000340,834 JPY/sq.m2.5 yrs20 min77 sq.m
JR JR Ōfunato Line (47) [Stations]26,000,000357,143 JPY/sq.m2.3 yrs8 min70 sq.m
JR Ōfunato Line Ichinoseki (47) [Stations]26,000,000357,143 JPY/sq.m2.3 yrs8 min70 sq.m
JR Tohoku Main Line Ichinoseki (47) [Stations]26,000,000357,143 JPY/sq.m2.3 yrs8 min70 sq.m
Tohoku Shinkansen Ichinoseki (47) [Stations]26,000,000357,143 JPY/sq.m2.3 yrs8 min70 sq.m