Morioka-Shi Apartment average value

Price 222,767 JPY/sq.m
- Age 25.2 years old
- Dist. from Sta. 20.5 min walk
- Property area 56.2 sq.m

The average price of Iwate Morioka-Shi Apartment, in 2020 was 243,312 JPY/sq.m. The market value represents an increase of 23,602 JPY (+10.7%) compared to 1 year ago and a transition to a bull market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station, as well as a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

Cause of price increases

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 3.6% of total transactions in 2019 and 8.2% of total transactions in 2020)
  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 60.2% of total transactions in 2019 and 55.1% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 6.0% of total transactions in 2019 and 10.2% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Morioka-Shi were calculated using data on the sales of 1,279 properties provided by the MLIT Japan.

Morioka-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
八幡町13,128,571 JPY184,425 JPY/sq.m7 件
上ノ橋町21,285,714 JPY280,944 JPY/sq.m7 件
上田17,433,333 JPY248,702 JPY/sq.m30 件
下ノ橋町15,666,667 JPY233,178 JPY/sq.m9 件
中ノ橋通27,230,769 JPY366,727 JPY/sq.m13 件
中央通19,052,381 JPY278,556 JPY/sq.m80 件
中屋敷町3,520,000 JPY68,524 JPY/sq.m10 件
仙北26,500,000 JPY340,834 JPY/sq.m2 件
住吉町21,444,444 JPY259,664 JPY/sq.m9 件
内丸9,625,000 JPY243,918 JPY/sq.m20 件
加賀野3,159,091 JPY55,306 JPY/sq.m33 件
北夕顔瀬町7,985,714 JPY167,719 JPY/sq.m7 件
北山1,991,667 JPY99,583 JPY/sq.m13 件
南大通16,528,571 JPY233,392 JPY/sq.m49 件
名須川町23,000,000 JPY310,878 JPY/sq.m6 件
城西町9,591,667 JPY144,161 JPY/sq.m12 件
夕顔瀬町14,900,000 JPY208,952 JPY/sq.m11 件
大沢川原10,097,143 JPY227,748 JPY/sq.m35 件
大通17,125,000 JPY222,791 JPY/sq.m16 件
天神町22,000,000 JPY306,325 JPY/sq.m3 件
安倍館町7,225,000 JPY116,143 JPY/sq.m4 件
山王町4,645,454 JPY75,699 JPY/sq.m11 件
志家町25,250,000 JPY330,123 JPY/sq.m8 件
愛宕町5,614,286 JPY102,104 JPY/sq.m8 件
新田町10,704,546 JPY166,242 JPY/sq.m22 件
本宮20,670,000 JPY275,321 JPY/sq.m40 件
本町通14,588,095 JPY226,275 JPY/sq.m141 件
材木町5,315,000 JPY174,881 JPY/sq.m59 件
東山4,630,769 JPY99,249 JPY/sq.m13 件
津志田中央8,247,619 JPY135,061 JPY/sq.m21 件
津志田南18,600,000 JPY272,286 JPY/sq.m5 件
津志田西18,000,000 JPY252,298 JPY/sq.m8 件
清水町9,663,462 JPY154,297 JPY/sq.m52 件
盛岡駅前北通11,765,000 JPY214,462 JPY/sq.m60 件
盛岡駅前通27,871,795 JPY375,339 JPY/sq.m39 件
盛岡駅西通23,035,714 JPY310,542 JPY/sq.m28 件
神明町5,590,000 JPY107,439 JPY/sq.m30 件
紺屋町3,504,762 JPY127,365 JPY/sq.m62 件
3,300,000 JPY87,113 JPY/sq.m58 件
肴町12,319,048 JPY208,039 JPY/sq.m56 件
若園町7,497,500 JPY129,488 JPY/sq.m8 件
茶畑2,695,652 JPY61,490 JPY/sq.m23 件
菜園14,850,000 JPY254,755 JPY/sq.m24 件
長田町6,526,829 JPY150,008 JPY/sq.m42 件
開運橋通10,764,000 JPY174,322 JPY/sq.m50 件
青山12,789,655 JPY219,380 JPY/sq.m30 件
馬場町15,300,000 JPY178,857 JPY/sq.m5 件

Morioka-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 New485,707 JPY/sq.m100 %
Residual Value (10 Years)358,212 JPY/sq.m74 %
Residual Value (20 Years)253,603 JPY/sq.m52 %
Residual Value (20 Years)171,880 JPY/sq.m35 %
Color:
Unit:   Touch:
Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

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




Calculate Morioka-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 Morioka-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 Morioka-Shi 城西町 (Morioka-Shi Morioka 20.0 min walk)
27.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-06-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   184,615 JPY/sq.m

2. Iwate Morioka-Shi 城西町 (Morioka-Shi Morioka 20.0 min walk)
29.0 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:   11,000,000 JPY,    Unit price:   169,231 JPY/sq.m

3. Iwate Morioka-Shi 肴町 (Morioka-Shi Morioka 21.0 min walk)
25.8 years old , Area: 55.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: SRC
- Trading date: 2009-12-01 00:00:00

Trading price:   7,000,000 JPY,    Unit price:   127,273 JPY/sq.m

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- Trading date: {{item.trade_date|date:'MMMM, yyyy'}}

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 locations relatively far from the station less than twenty minutes by foot from the station, as well as a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

Cause of price increases

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 3.6% of total transactions in 2019 and 8.2% of total transactions in 2020)
  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 60.2% of total transactions in 2019 and 55.1% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 6.0% of total transactions in 2019 and 10.2% of total transactions in 2020)
The table below shows Apartment dealt in Iwate Morioka-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 Morioka-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
Iwate (1,360) [Area]12,000,000225,000 JPY/sq.m26.3 yrs18 min65 sq.m
Hanamaki-Shi (9) [Area]15,000,000230,769 JPY/sq.m26.3 yrs13 min65 sq.m
Hanamaki-Shi 花城町 (5) [Area]15,000,000214,286 JPY/sq.m26.3 yrs13 min70 sq.m
Morioka-Shi 下ノ橋町 (9) [Area]16,000,000240,000 JPY/sq.m18.8 yrs18 min65 sq.m
JR (1,323) [Stations]12,500,000225,834 JPY/sq.m26.0 yrs19 min65 sq.m
Shinkansen (1,140) [Stations]13,000,000228,571 JPY/sq.m26.0 yrs20 min65 sq.m
JR Yamada Line Morioka (1,089) [Stations]12,000,000216,667 JPY/sq.m27.3 yrs21 min60 sq.m
JR Tohoku Main Line Morioka (1,089) [Stations]12,000,000216,667 JPY/sq.m27.3 yrs21 min60 sq.m
JR Tazawako Line Morioka (1,089) [Stations]12,000,000216,667 JPY/sq.m27.3 yrs21 min60 sq.m