JR Tohoku Main Line Apartment average value

Price 12,690,943 JPY
  (197,165 JPY/sq.m)
- Age 21.1 years old
- Dist. from Sta. 21.0 min walk
- Property area 60.9 sq.m

The average price of a sq.m Apartment of Fukushima JR JR Tohoku Main Line, in 2017 was 176,418 JPY/sq.m. The market value represents a decrease of 20,179 JPY (-10.3%) compared to 1 year ago and a transition to a weak market. 43 properties exchanged hands ( The market value represents a decrease of 51 (-54.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 25.1 years old (a +14.5% increase compared to the 21.9 years old of last year.). The average size of the real estate was 59.8 sq.m (a -5.1% decrease compared to the 63.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance, as well as a dramatic increase in transactions involving small size for a single person households less than 30 sq.m.

Causes of price decreases

  • An increase in average age of the building (representing 21.9 years old in 2016 and 25.1 years old in 2017; +14.5%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 59.3% of total transactions in 2016 and 69.0% of total transactions in 2017)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 7.7% of total transactions in 2016 and 9.5% of total transactions in 2017)
Data regarding the market value and its changes of Apartment in JR Tohoku Main Line were calculated using data on the sales of 938 properties provided by the MLIT Japan.

JR Tohoku Main Line Apartment market value list

StationsAverage Trading PriceAverage Unit Price
Asakanagamori22,250,000 JPY260,292 JPY/sq.m
Koriyama11,775,978 JPY182,410 JPY/sq.m
Minamifukushima7,661,538 JPY121,389 JPY/sq.m
Fukushima14,564,634 JPY230,822 JPY/sq.m

JR Tohoku Main Line Railway market report

2017. Jan - Dec
 43 tradings
2016. Jan - Dec
 94 tradings
2015. Jan - Dec
 93 tradings
2014. Jan - Dec
 47 tradings
4Q
17
3Q
13
2Q
3
1Q
10
4Q
20
3Q
21
2Q
29
1Q
24
4Q
19
3Q
22
2Q
28
1Q
24
4Q
7
3Q
19
2Q
9
1Q
12

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 New443,764 JPY/sq.m100 %
Residual Value (10 Years)303,941 JPY/sq.m68 %
Residual Value (20 Years)197,322 JPY/sq.m44 %
Residual Value (20 Years)123,906 JPY/sq.m28 %
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 Tohoku Main 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 Tohoku Main 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 Fukushima-Shi 森合Fukushima-Shi Fukushima 21.0 min walk)
24.0 years old , Area: 60 sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-03-01T00:00:00Z
Trading price:   13,000,000 JPY,    Unit price:   216,666 JPY/sq.m
2. Fukushima Fukushima-Shi 花園町Fukushima-Shi Fukushima 21.0 min walk)
24.8 years old , Area: 60 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2015-12-01T00:00:00Z
Trading price:   13,000,000 JPY,    Unit price:   216,666 JPY/sq.m
3. Fukushima Fukushima-Shi 浜田町Fukushima-Shi Fukushima 21.0 min walk)
25.0 years old , Area: 65 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2016-03-01T00:00:00Z
Trading price:   9,400,000 JPY,    Unit price:   144,615 JPY/sq.m
4. Fukushima Koriyama-Shi 菱田町Koriyama-Shi Koriyama 22.0 min walk)
22.8 years old , Area: 70 sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2014-12-01T00:00:00Z
Trading price:   6,700,000 JPY,    Unit price:   95,714 JPY/sq.m
5. Fukushima Fukushima-Shi 浜田町Fukushima-Shi Fukushima 20.0 min walk)
26.3 years old , Area: 65 sq.m , Layout: 4LDK , Structure: SRC
- Trading date: 2017-06-01T00:00:00Z
Trading price:   11,000,000 JPY,    Unit price:   169,230 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
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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 locations more than twenty minutes by foot from the station, outside of walking distance, as well as a dramatic increase in transactions involving small size for a single person households less than 30 sq.m.

Causes of price decreases

  • An increase in average age of the building (representing 21.9 years old in 2016 and 25.1 years old in 2017; +14.5%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 59.3% of total transactions in 2016 and 69.0% of total transactions in 2017)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 7.7% of total transactions in 2016 and 9.5% of total transactions in 2017)
The table below shows Apartment dealt in Fukushima JR JR Tohoku Main 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 Tohoku Main 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 (1,169) [Stations]12,000,000188,88823.5 yrs19 min65 sq.m
    JR JR Ban'etsu East Line (683) [Stations]11,000,000177,77723.6 yrs24 min65 sq.m
    JR JR Ban'etsu West Line (684) [Stations]11,000,000169,23023.5 yrs25 min65 sq.m
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