Sendai-Shi Apartment average value

Price 283,049 JPY/sq.m
- Age 23.7 years old
- Dist. from Sta. 11.1 min walk
- Property area 62.8 sq.m

The average price of Miyagi Sendai-Shi Apartment, in 2020 was 291,919 JPY/sq.m. The market value represents an increase of 19,397 JPY (+7.1%) compared to 1 year ago and a transition to a strong market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving new buildings under 10 years old, as well as a dramatic increase in transactions involving nearly new buildings under 3 years old.

Cause of price increases

  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 1.6% of total transactions in 2019 and 3.7% of total transactions in 2020)
  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 65.8% of total transactions in 2019 and 61.0% of total transactions in 2020)

Causes of price decreases

  • An increase in average distance from the station (representing 10.3 min in 2019 and 12.1 min in 2020; +17.5%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 5.7% of total transactions in 2019 and 7.6% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Sendai-Shi were calculated using data on the sales of 10,351 properties provided by the MLIT Japan.

Sendai-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
Aoba-Ku18,683,246 JPY296,318 JPY/sq.m4,429 件
Miyagino-Ku19,393,287 JPY290,253 JPY/sq.m1,707 件
Wakabayashi-Ku16,948,447 JPY268,492 JPY/sq.m1,185 件
Taihaku-Ku18,297,521 JPY269,638 JPY/sq.m1,886 件
Izumi-Ku17,450,380 JPY260,703 JPY/sq.m1,144 件

Sendai-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 New584,570 JPY/sq.m100 %
Residual Value (10 Years)417,803 JPY/sq.m71 %
Residual Value (20 Years)296,930 JPY/sq.m51 %
Residual Value (20 Years)221,951 JPY/sq.m38 %
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 Sendai-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 Sendai-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. Miyagi Sendai-Shi Aoba-Ku 梅田町 (Sendai-Shi Toushouguu 8.0 min walk)
24.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2012-06-01 00:00:00

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

2. Miyagi Sendai-Shi Miyagino-Ku 宮城野 (Sendai-Shi Miyaginohara 8.0 min walk)
24.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2012-06-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   200,000 JPY/sq.m

3. Miyagi Sendai-Shi Taihaku-Ku 長町南 (Sendai-Shi Nagamachiminami 8.0 min walk)
24.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-06-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   230,769 JPY/sq.m

4. Miyagi Sendai-Shi Izumi-Ku 八乙女中央 (Sendai-Shi Yaotome 8.0 min walk)
24.3 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2020-06-01 00:00:00

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

5. Miyagi Sendai-Shi Aoba-Ku 土樋 (Sendai-Shi Atagobashi 8.0 min walk)
24.5 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2009-09-01 00:00:00

Trading price:   8,300,000 JPY,    Unit price:   138,333 JPY/sq.m

6. Miyagi Sendai-Shi Aoba-Ku 上杉 (Sendai-Shi Kitayobannchou 8.0 min walk)
23.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2018-12-01 00:00:00

Trading price:   25,000,000 JPY,    Unit price:   357,143 JPY/sq.m

7. Miyagi Sendai-Shi Taihaku-Ku 西中田 (Sendai-Shi Minamisenndai 8.0 min walk)
23.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK
- Trading date: 2018-12-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   214,286 JPY/sq.m

8. Miyagi Sendai-Shi Taihaku-Ku 南大野田 (Sendai-Shi Tomizawa 8.0 min walk)
23.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2017-12-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   169,231 JPY/sq.m

9. Miyagi Sendai-Shi Miyagino-Ku 宮城野 (Sendai-Shi Miyaginohara 8.0 min walk)
23.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2011-12-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   200,000 JPY/sq.m

10. Miyagi Sendai-Shi Miyagino-Ku 宮城野 (Sendai-Shi Miyaginohara 8.0 min walk)
24.8 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2012-12-01 00:00:00

Trading price:   8,100,000 JPY,    Unit price:   135,000 JPY/sq.m

11. Miyagi Sendai-Shi Taihaku-Ku 西中田 (Sendai-Shi Minamisenndai 8.0 min walk)
24.8 years old , Area: 60.0 sq.m , Total floor area: sq.m , Structure: RC
- Trading date: 2014-12-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   250,000 JPY/sq.m

12. Miyagi Sendai-Shi Aoba-Ku 千代田町 (Sendai-Shi Kitayama 8.0 min walk)
25.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-03-01 00:00:00

Trading price:   5,300,000 JPY,    Unit price:   75,714 JPY/sq.m

13. Miyagi Sendai-Shi Miyagino-Ku 五輪 (Sendai-Shi Miyaginohara 8.0 min walk)
25.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: SRC
- Trading date: 2010-03-01 00:00:00

Trading price:   7,800,000 JPY,    Unit price:   111,429 JPY/sq.m

14. Miyagi Sendai-Shi Taihaku-Ku 長町 (Sendai-Shi Nagamachi 8.0 min walk)
25.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2014-03-01 00:00:00

Trading price:   18,000,000 JPY,    Unit price:   257,143 JPY/sq.m

15. Miyagi Sendai-Shi Miyagino-Ku 宮城野 (Sendai-Shi Miyaginohara 8.0 min walk)
25.0 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-03-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   216,667 JPY/sq.m

16. Miyagi Sendai-Shi Taihaku-Ku 西中田 (Sendai-Shi Minamisenndai 8.0 min walk)
25.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-03-01 00:00:00

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

17. Miyagi Sendai-Shi Taihaku-Ku 西中田 (Sendai-Shi Minamisenndai 8.0 min walk)
23.5 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-09-01 00:00:00

Trading price:   8,400,000 JPY,    Unit price:   140,000 JPY/sq.m

18. Miyagi Sendai-Shi Aoba-Ku 荒巻本沢 (Sendai-Shi Kitayama 8.0 min walk)
25.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 4LDK , Structure: SRC
- Trading date: 2012-03-01 00:00:00

Trading price:   8,000,000 JPY,    Unit price:   114,286 JPY/sq.m

19. Miyagi Sendai-Shi Wakabayashi-Ku 椌木通 (Sendai-Shi N/A 8.0 min walk)
25.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 2LDK+S , Structure: RC
- Trading date: 2020-03-01 00:00:00

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

20. Miyagi Sendai-Shi Aoba-Ku 米ケ袋 (Sendai-Shi Atagobashi 8.0 min walk)
25.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2019-06-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   200,000 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 new buildings under 10 years old, as well as a dramatic increase in transactions involving nearly new buildings under 3 years old.

Cause of price increases

  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 1.6% of total transactions in 2019 and 3.7% of total transactions in 2020)
  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 65.8% of total transactions in 2019 and 61.0% of total transactions in 2020)

Causes of price decreases

  • An increase in average distance from the station (representing 10.3 min in 2019 and 12.1 min in 2020; +17.5%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 5.7% of total transactions in 2019 and 7.6% of total transactions in 2020)
The table below shows Apartment dealt in Miyagi Sendai-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 Sendai-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
Wakabayashi-Ku 弓ノ町 (2) [Area]15,000,000285,454 JPY/sq.m19.1 yrs10 min52 sq.m
Taihaku-Ku 富沢 (78) [Area]17,500,000274,825 JPY/sq.m20.5 yrs11 min65 sq.m
Miyagino-Ku 原町 (84) [Area]18,000,000293,333 JPY/sq.m24.3 yrs10 min50 sq.m
Sendai-Shi Miyagino-Ku (1,707) [Area]18,000,000266,667 JPY/sq.m24.0 yrs9 min65 sq.m
Sendai-Shi Izumi-Ku (1,144) [Area]18,000,000257,143 JPY/sq.m22.0 yrs13 min70 sq.m
Sendai Subway Namboku Line Hirosedoori (130) [Stations]14,500,000286,154 JPY/sq.m24.5 yrs11 min55 sq.m
Sendai Subway Namboku Line Tomizawa (157) [Stations]18,000,000287,820 JPY/sq.m22.3 yrs9 min65 sq.m
仙台市東西線 薬師堂駅 (43) [Stations]16,000,000253,333 JPY/sq.m28.3 yrs10 min70 sq.m
Sendai Subway Namboku Line Yaotome (526) [Stations]17,500,000251,666 JPY/sq.m21.5 yrs10 min70 sq.m
JR (5,283) [Stations]16,000,000246,154 JPY/sq.m24.3 yrs9 min65 sq.m