JR Joban Line Apartment average value

Price 16,450,000 JPY
  (261,783 JPY/sq.m)
- Age 17.9 years old
- Dist. from Sta. 17.3 min walk
- Property area 61.3 sq.m

The average price of a sq.m Apartment of Fukushima JR JR Joban Line, in 2017 was 290,909 JPY/sq.m. The market value represents an increase of 33,490 JPY (+13.0%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands ( The market value represents a decrease of 14 (-93.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 9.3 years old (a -51.1% decrease compared to the 18.9 years old of last year.). The average size of the real estate was 55.0 sq.m (a -1.8% decrease compared to the 56.0 sq.m of last year.).

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

Cause of price increases

  • A dramatic decrease in average age of the building (representing 18.9 years old in 2016 and 9.3 years old in 2017; -51.1%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 17.5 min in 2016 and 60.0 min in 2017; +243.5%)
Data regarding the market value and its changes of Apartment in JR Joban Line were calculated using data on the sales of 131 properties provided by the MLIT Japan.

JR Joban Line Apartment market value list

StationsAverage Trading PriceAverage Unit Price
Izumi16,341,667 JPY243,965 JPY/sq.m
Yumoto7,905,556 JPY139,775 JPY/sq.m
Iwaki18,666,667 JPY295,472 JPY/sq.m
Yotsukura8,477,778 JPY145,941 JPY/sq.m

JR Joban Line Railway market report

2018 2017. Jan - Jun
 1 tradings
2016. Jan - Sep
 15 tradings
2015. Jan - Dec
 8 tradings
2014. Jan - Sep
 9 tradings
--2Q
1
--3Q
2
2Q
10
1Q
3
-3Q
1
2Q
3
1Q
3
-3Q
3
2Q
2
1Q
4

Apartment value Age transition

Market values (unit price: sq.m, m2) 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 New408,507 JPY/sq.m100 %
Residual Value (10 Years)344,351 JPY/sq.m84 %
Residual Value (20 Years)251,373 JPY/sq.m62 %
Residual Value (20 Years)129,575 JPY/sq.m32 %
Color:
Unit:   Touch:
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




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Calculate JR Joban Line 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 Fukushima JR JR Joban Line 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.

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Trading Data

Past Apartment sales data, with similarly entered ages, area, and distances from station are as follows.

Related sales({{similarlist.length}})

1. Fukushima Iwaki-Shi 平Iwaki-Shi Iwaki 12.0 min walk)
18.0 years old , Area: 55 sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2015-03-01T00:00:00Z
Trading price:   11,000,000 JPY,    Unit price:   200,000 JPY/sq.m
2. Fukushima Iwaki-Shi 平Iwaki-Shi Iwaki 12.0 min walk)
18.8 years old , Area: 60 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-12-01T00:00:00Z
Trading price:   15,000,000 JPY,    Unit price:   250,000 JPY/sq.m
3. Fukushima Iwaki-Shi 平Iwaki-Shi Iwaki 12.0 min walk)
19.3 years old , Area: 55 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-06-01T00:00:00Z
Trading price:   5,000,000 JPY,    Unit price:   90,909 JPY/sq.m
4. Fukushima Iwaki-Shi 平Iwaki-Shi Iwaki 15.0 min walk)
18.8 years old , Area: 65 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2009-12-01T00:00:00Z
Trading price:   14,000,000 JPY,    Unit price:   215,384 JPY/sq.m
5. Fukushima Iwaki-Shi 平Iwaki-Shi Iwaki 15.0 min walk)
18.8 years old , Area: 70 sq.m , Layout: 4LDK , Structure: SRC
- Trading date: 2009-12-01T00:00:00Z
Trading price:   16,000,000 JPY,    Unit price:   228,571 JPY/sq.m
6. Fukushima Iwaki-Shi 平Iwaki-Shi Iwaki 15.0 min walk)
19.5 years old , Area: 55 sq.m , Layout: 2LDK , Structure: SRC
- Trading date: 2010-09-01T00:00:00Z
Trading price:   6,900,000 JPY,    Unit price:   125,454 JPY/sq.m
7. Fukushima Iwaki-Shi 平Iwaki-Shi Iwaki 14.0 min walk)
16.3 years old , Area: 65 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-06-01T00:00:00Z
Trading price:   26,000,000 JPY,    Unit price:   400,000 JPY/sq.m
8. Fukushima Iwaki-Shi 平Iwaki-Shi Iwaki 15.0 min walk)
15.8 years old , Area: 60 sq.m , Layout: 3DK+S , Structure: RC
- Trading date: 2016-12-01T00:00:00Z
Trading price:   20,000,000 JPY,    Unit price:   333,333 JPY/sq.m
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Apartment market value trends

Market value trends for Apartment are as follows.

Data:
Unit:   Touch:

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.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 18.9 years old in 2016 and 9.3 years old in 2017; -51.1%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 17.5 min in 2016 and 60.0 min in 2017; +243.5%)
The table below shows Apartment dealt in Fukushima JR JR Joban Line, 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:

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    Area close to the price in JR Joban Line

    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
    JR JR Tadami Line (95) [Stations]17,000,000252,19717.5 yrs16 min65 sq.m
    JR Tadami Line Aiduwakamatsu (93) [Stations]17,000,000252,19717.5 yrs16 min65 sq.m
    JR Ban'etsu West Line Aiduwakamatsu (93) [Stations]17,000,000252,19717.5 yrs16 min65 sq.m
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