Wakabayashi-Ku Apartment average value

Price 268,492 JPY/sq.m
- Age 26.0 years old
- Dist. from Sta. 7.8 min walk
- Property area 59.5 sq.m

The average price of Miyagi Sendai-Shi Wakabayashi-Ku Apartment, in 2020 was 308,364 JPY/sq.m. The market value represents an increase of 52,721 JPY (+20.6%) 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 nearly new buildings under 3 years old, as well as a dramatic increase in transactions involving older buildings over 40 years old.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 10.3 min in 2019 and 5.8 min in 2020; -43.2%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 2.8% of total transactions in 2019 and 9.6% of total transactions in 2020)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 14.7% of total transactions in 2019 and 24.5% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 12.7% of total transactions in 2019 and 23.1% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Wakabayashi-Ku were calculated using data on the sales of 1,185 properties provided by the MLIT Japan.

Wakabayashi-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
一本杉町7,333,333 JPY131,639 JPY/sq.m18 件
五橋26,953,012 JPY401,867 JPY/sq.m83 件
六丁の目中町13,650,000 JPY187,076 JPY/sq.m8 件
六丁の目南町21,353,846 JPY298,119 JPY/sq.m13 件
三百人町14,500,000 JPY237,811 JPY/sq.m10 件
上飯田9,473,333 JPY143,497 JPY/sq.m15 件
中倉13,275,472 JPY189,112 JPY/sq.m53 件
伊在20,073,913 JPY287,381 JPY/sq.m23 件
南小泉19,666,667 JPY308,730 JPY/sq.m3 件
南材木町19,678,571 JPY266,256 JPY/sq.m14 件
南染師町9,894,118 JPY168,988 JPY/sq.m17 件
南石切町14,555,556 JPY231,488 JPY/sq.m9 件
南鍛冶町9,587,500 JPY134,125 JPY/sq.m8 件
古城16,971,930 JPY251,851 JPY/sq.m57 件
土樋8,522,727 JPY178,386 JPY/sq.m106 件
Taiwa-Cho14,907,792 JPY256,501 JPY/sq.m317 件
弓ノ町15,000,000 JPY285,454 JPY/sq.m2 件
成田町10,859,259 JPY209,594 JPY/sq.m27 件
新寺18,624,138 JPY278,279 JPY/sq.m96 件
木ノ下13,844,444 JPY226,429 JPY/sq.m18 件
東八番丁4,900,000 JPY199,907 JPY/sq.m18 件
椌木通13,600,000 JPY215,120 JPY/sq.m6 件
沖野12,633,333 JPY186,620 JPY/sq.m21 件
河原町18,436,667 JPY261,269 JPY/sq.m60 件
清水小路7,842,857 JPY171,584 JPY/sq.m14 件
石名坂8,259,460 JPY140,889 JPY/sq.m40 件
若林10,850,909 JPY165,693 JPY/sq.m55 件
荒井26,077,778 JPY365,931 JPY/sq.m18 件
荒町9,166,667 JPY203,905 JPY/sq.m6 件
蒲町18,250,000 JPY282,976 JPY/sq.m8 件
蒲町東19,250,000 JPY289,286 JPY/sq.m4 件
表柴田町3,336,667 JPY154,886 JPY/sq.m30 件
連坊31,000,000 JPY429,775 JPY/sq.m7 件
遠見塚17,600,000 JPY249,386 JPY/sq.m5 件

Wakabayashi-Ku 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 New539,169 JPY/sq.m100 %
Residual Value (10 Years)407,279 JPY/sq.m76 %
Residual Value (20 Years)302,956 JPY/sq.m56 %
Residual Value (20 Years)226,199 JPY/sq.m42 %
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 Wakabayashi-Ku 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 Wakabayashi-Ku 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 河原町 (Sendai-Shi Kawaramachi 7.0 min walk)
26.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC、RC
- Trading date: 2014-03-01 00:00:00

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

2. 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

3. 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

4. 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

5. Miyagi Sendai-Shi Wakabayashi-Ku 南染師町 (Sendai-Shi Kawaramachi 7.0 min walk)
27.8 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-12-01 00:00:00

Trading price:   16,000,000 JPY,    Unit price:   266,667 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 nearly new buildings under 3 years old, as well as a dramatic increase in transactions involving older buildings over 40 years old.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 10.3 min in 2019 and 5.8 min in 2020; -43.2%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 2.8% of total transactions in 2019 and 9.6% of total transactions in 2020)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 14.7% of total transactions in 2019 and 24.5% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 12.7% of total transactions in 2019 and 23.1% of total transactions in 2020)
The table below shows Apartment dealt in Miyagi Sendai-Shi Wakabayashi-Ku, 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 Wakabayashi-Ku

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 Aoba-Ku (4,429) [Area]16,000,000270,294 JPY/sq.m25.0 yrs8 min65 sq.m
Sendai-Shi (10,351) [Area]17,000,000266,667 JPY/sq.m24.3 yrs8 min65 sq.m
Sendai-Shi Miyagino-Ku (1,707) [Area]18,000,000266,667 JPY/sq.m24.0 yrs9 min65 sq.m
Sendai-Shi Taihaku-Ku (1,886) [Area]17,000,000266,667 JPY/sq.m24.0 yrs8 min70 sq.m
Izumi-Ku 八乙女 (331) [Area]18,000,000270,834 JPY/sq.m22.0 yrs8 min65 sq.m
仙台市東西線 卸町駅 (151) [Stations]15,000,000261,538 JPY/sq.m26.8 yrs7 min60 sq.m
Sendai Subway Namboku Line Kawaramachi (297) [Stations]16,000,000260,181 JPY/sq.m25.0 yrs8 min65 sq.m
仙台市営 (7,155) [Stations]17,000,000280,000 JPY/sq.m24.3 yrs8 min65 sq.m
仙台市営 Sendai Subway Namboku Line (6,626) [Stations]17,000,000280,000 JPY/sq.m24.0 yrs8 min65 sq.m
Sendai Subway Namboku Line Nagamachi (349) [Stations]18,000,000288,312 JPY/sq.m25.0 yrs7 min70 sq.m