JR Tohoku Main Line Apartment average value
- Age 21.7 years old
- Dist. from Sta. 21.2 min walk
- Property area 61.0 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)
JR Tohoku Main Line Apartment market value list
|Stations||Average Trading Price||Average Unit Price|
|Asakanagamori||22,250,000 JPY||260,292 JPY/sq.m|
|Koriyama||12,178,333 JPY||187,410 JPY/sq.m|
|Minamifukushima||6,973,333 JPY||121,871 JPY/sq.m|
|Fukushima||13,699,390 JPY||218,767 JPY/sq.m|
JR Tohoku Main Line Railway market report
|2017. Jan - Dec|
|2016. Jan - Dec|
|2015. Jan - Dec|
|2014. Jan - Dec|