Taiwa-Cho Apartment average value

Price 256,501 JPY/sq.m
- Age 26.6 years old
- Dist. from Sta. 6.6 min walk
- Property area 57.0 sq.m

The average price of Miyagi Sendai-Shi Wakabayashi-Ku Taiwa-Cho Apartment, in 2020 was 284,156 JPY/sq.m. The market value represents an increase of 8,389 JPY (+3.0%) compared to 1 year ago and a transition to a some 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.

Cause of price increases

  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 76.5% of total transactions in 2019 and 71.4% of total transactions in 2020)

Causes of price decreases

  • An increase in average age of the building (representing 22.8 years old in 2019 and 26.1 years old in 2020; +14.4%)
Data regarding the market value and its changes of Apartment in Taiwa-Cho were calculated using data on the sales of 317 properties provided by the MLIT Japan.

Taiwa-Cho Apartment transaction price list

areaTrading PriceUnit PriceStationDistance from the station
Taiwa-Cho6,400,000JPY256,000 JPY/sq.mN/A7 min
Taiwa-Cho5,700,000JPY228,000 JPY/sq.mN/A7 min
Taiwa-Cho4,300,000JPY172,000 JPY/sq.mN/A7 min
Taiwa-Cho12,000,000JPY300,000 JPY/sq.mN/A7 min
Taiwa-Cho20,000,000JPY333,333 JPY/sq.mN/A7 min
Taiwa-Cho12,000,000JPY240,000 JPY/sq.mN/A7 min
Taiwa-Cho6,400,000JPY182,857 JPY/sq.mN/A7 min
Taiwa-Cho7,500,000JPY214,286 JPY/sq.mN/A7 min
Taiwa-Cho5,000,000JPY333,333 JPY/sq.mN/A7 min
Taiwa-Cho15,000,000JPY272,727 JPY/sq.mN/A7 min
Taiwa-Cho4,000,000JPY160,000 JPY/sq.mN/A7 min
Taiwa-Cho5,500,000JPY220,000 JPY/sq.mN/A7 min
Taiwa-Cho14,000,000JPY215,385 JPY/sq.mN/A7 min
Taiwa-Cho5,200,000JPY208,000 JPY/sq.mN/A7 min
Taiwa-Cho4,700,000JPY134,286 JPY/sq.mN/A7 min
Taiwa-Cho5,900,000JPY236,000 JPY/sq.mN/A7 min
Taiwa-Cho5,000,000JPY200,000 JPY/sq.mN/A7 min
Taiwa-Cho8,000,000JPY228,571 JPY/sq.mN/A7 min
Taiwa-Cho17,000,000JPY309,091 JPY/sq.mN/A7 min
Taiwa-Cho14,000,000JPY233,333 JPY/sq.mN/A7 min

Taiwa-Cho 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 New419,156 JPY/sq.m100 %
Residual Value (10 Years)356,696 JPY/sq.m85 %
Residual Value (20 Years)296,117 JPY/sq.m71 %
Residual Value (20 Years)237,420 JPY/sq.m57 %
Color:
Unit:   Touch:
Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
{{infoObj.place}} {{infoObj.stations[0]}} {{infoObj.station_distance}} min walk)
Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
{{infoObj.days_elapsed|days_year}} years old , Area: {{infoObj.dimension}} sq.m , Total floor area: {{infoObj.dimension_all}} sq.m , Layout: {{infoObj.floor_plan}} , Structure: {{infoObj.structure}}
- 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 Taiwa-Cho 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 Taiwa-Cho Apartment that meet the above conditions were calculated in the following manner.

{{currentObj|applyRegCalculatePrecise:averageObj:coefObj:true:true:unitType}}
({{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. Miyagi Sendai-Shi Wakabayashi-Ku Taiwa-Cho (Sendai-Shi N/A 7.0 min walk)
27.0 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2019-03-01 00:00:00

Trading price:   20,000,000 JPY,    Unit price:   333,333 JPY/sq.m

2. Miyagi Sendai-Shi Wakabayashi-Ku Taiwa-Cho (Sendai-Shi N/A 7.0 min walk)
25.3 years old , Area: 55.0 sq.m , Total floor area: sq.m , Layout: 3DK , Structure: SRC
- Trading date: 2017-06-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   272,727 JPY/sq.m

3. Miyagi Sendai-Shi Wakabayashi-Ku Taiwa-Cho (Sendai-Shi N/A 7.0 min walk)
24.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2019-12-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   215,385 JPY/sq.m

4. Miyagi Sendai-Shi Wakabayashi-Ku Taiwa-Cho (Sendai-Shi N/A 7.0 min walk)
28.5 years old , Area: 55.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: SRC
- Trading date: 2020-09-01 00:00:00

Trading price:   17,000,000 JPY,    Unit price:   309,091 JPY/sq.m

5. Miyagi Sendai-Shi Wakabayashi-Ku Taiwa-Cho (Sendai-Shi N/A 7.0 min walk)
24.3 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3DK , Structure: SRC
- Trading date: 2016-06-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   233,333 JPY/sq.m

{{$index+1}}. {{item.place}} ({{item.stations[0]}} {{item.station_distance}} min walk)
{{item.days_elapsed|days_year}} years old , Area: {{item.dimension}} sq.m , Total floor area: {{item.dimension_all}} sq.m , Layout: {{item.floor_plan}} , Structure: {{item.structure}}
- 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.

Cause of price increases

  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 76.5% of total transactions in 2019 and 71.4% of total transactions in 2020)

Causes of price decreases

  • An increase in average age of the building (representing 22.8 years old in 2019 and 26.1 years old in 2020; +14.4%)
The table below shows Apartment dealt in Miyagi Sendai-Shi Wakabayashi-Ku Taiwa-Cho, 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 Taiwa-Cho

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
Sendai-Shi Wakabayashi-Ku (1,185) [Area]16,000,000261,538 JPY/sq.m25.5 yrs7 min65 sq.m
Wakabayashi-Ku 河原町 (60) [Area]17,000,000271,795 JPY/sq.m21.5 yrs4 min65 sq.m
Wakabayashi-Ku 南石切町 (9) [Area]14,000,000230,769 JPY/sq.m31.3 yrs4 min65 sq.m
Wakabayashi-Ku 新寺 (96) [Area]12,000,000218,182 JPY/sq.m37.0 yrs7 min55 sq.m