Oshu-Shi Apartment average value

Price 270,142 JPY/sq.m
- Age 7.8 years old
- Dist. from Sta. 5.4 min walk
- Property area 67.6 sq.m

The average price of Iwate Oshu-Shi Apartment, in 2020 was 275,000 JPY/sq.m. The market value represents an increase of 179,102 JPY (+186.8%) compared to 1 year ago and a transition to a dramatic market.

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

Cause of price increases

  • A dramatic decrease in average age of the building (representing 25.3 years old in 2019 and 12.0 years old in 2020; -52.5%)
  • A dramatic decrease in average distance from the station (representing 13.5 min in 2019 and 5.0 min in 2020; -63.0%)
Data regarding the market value and its changes of Apartment in Oshu-Shi were calculated using data on the sales of 25 properties provided by the MLIT Japan.

Oshu-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
水沢14,533,333 JPY217,297 JPY/sq.m12 件
水沢南町19,833,333 JPY287,372 JPY/sq.m6 件
水沢東大通り17,500,000 JPY280,769 JPY/sq.m2 件

Oshu-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 New324,671 JPY/sq.m100 %
Residual Value (10 Years)277,966 JPY/sq.m86 %
Residual Value (20 Years)199,102 JPY/sq.m61 %
Residual Value (20 Years)88,077 JPY/sq.m27 %
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 Oshu-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 Oshu-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 Oshu-Shi (Oshu-Shi Mizusawa 5.0 min walk)
1.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2009-06-01 00:00:00

Trading price:   23,000,000 JPY,    Unit price:   353,846 JPY/sq.m

2. Iwate Oshu-Shi (Oshu-Shi Mizusawa 4.0 min walk)
1.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2009-09-01 00:00:00

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

3. Iwate Oshu-Shi (Oshu-Shi Mizusawa 4.0 min walk)
1.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2009-09-01 00:00:00

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

4. Iwate Oshu-Shi (Oshu-Shi Mizusawa 4.0 min walk)
1.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2009-06-01 00:00:00

Trading price:   22,000,000 JPY,    Unit price:   338,462 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 slight decrease in transactions involving size for a general family households less than 100 sq.m.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 25.3 years old in 2019 and 12.0 years old in 2020; -52.5%)
  • A dramatic decrease in average distance from the station (representing 13.5 min in 2019 and 5.0 min in 2020; -63.0%)
The table below shows Apartment dealt in Iwate Oshu-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 Oshu-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
Oshu-Shi 水沢東大通り (2) [Area]17,500,000280,769 JPY/sq.m10.5 yrs2 min62 sq.m
Ichinoseki-Shi 田村町 (6) [Area]20,000,000282,212 JPY/sq.m12.0 yrs7 min72 sq.m
Oshu-Shi 水沢南町 (6) [Area]20,000,000286,154 JPY/sq.m9.3 yrs5 min65 sq.m
Ichinoseki-Shi 上大槻街 (6) [Area]18,000,000308,334 JPY/sq.m6.5 yrs4 min60 sq.m
JR Tohoku Main Line Mizusawa (25) [Stations]20,000,000300,000 JPY/sq.m1.8 yrs5 min65 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