JR Tohoku Main Line Apartment average value

Price 12,790,385 JPY
  (199,438 JPY/sq.m)
- Age 20.8 years old
- Dist. from Sta. 20.7 min walk
- Property area 60.7 sq.m

The average price of a sq.m Apartment of Fukushima JR JR Tohoku Main Line, in 2017 was 184,603 JPY/sq.m. The market value represents a decrease of 13,529 JPY (-6.8%) compared to 1 year ago and a transition to a bear market. 26 properties exchanged hands ( The market value represents a decrease of 48 (-64.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 25.2 years old (a +15.7% increase compared to the 21.8 years old of last year.). The average size of the real estate was 57.5 sq.m (a -4.3% decrease compared to the 60.1 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.

Causes of price decreases

  • An increase in average age of the building (representing 21.8 years old in 2016 and 25.2 years old in 2017; +15.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 62.0% of total transactions in 2016 and 76.0% 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 921 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
Koriyama11,778,736 JPY182,843 JPY/sq.m
Minamifukushima7,661,538 JPY121,389 JPY/sq.m
Fukushima14,818,293 JPY236,208 JPY/sq.m

JR Tohoku Main Line Railway market report

2018 2017. Jan - Jun
 13 tradings
2016. Jan - Sep
 74 tradings
2015. Jan - Dec
 93 tradings
2014. Jan - Dec
 47 tradings
--2Q
3
--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 New444,552 JPY/sq.m100 %
Residual Value (10 Years)303,351 JPY/sq.m68 %
Residual Value (20 Years)196,614 JPY/sq.m44 %
Residual Value (20 Years)124,341 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.

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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 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
4. 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
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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.

Causes of price decreases

  • An increase in average age of the building (representing 21.8 years old in 2016 and 25.2 years old in 2017; +15.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 62.0% of total transactions in 2016 and 76.0% 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 (1,150) [Stations]12,000,000200,00023.3 yrs19 min65 sq.m
    JR JR Ban'etsu East Line (670) [Stations]12,000,000178,18123.3 yrs24 min65 sq.m
    JR JR Ban'etsu West Line (671) [Stations]11,000,000169,61523.3 yrs24 min65 sq.m
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