Tohoku Shinkansen Apartment average value

Price 12,645,454 JPY
  (198,493 JPY/sq.m)
- Age 20.7 years old
- Dist. from Sta. 20.7 min walk
- Property area 60.2 sq.m

The average price of a sq.m Apartment of Fukushima Shinkansen Tohoku Shinkansen, in 2017 was 166,610 JPY/sq.m. The market value represents a decrease of 32,113 JPY (-16.2%) compared to 1 year ago and a transition to a weak market. 13 properties exchanged hands ( The market value represents a decrease of 60 (-82.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 27.9 years old (a +28.3% increase compared to the 21.8 years old of last year.). The average size of the real estate was 50.8 sq.m (a -16.2% decrease compared to the 60.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving small size for a single person households less than 30 sq.m.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 21.8 years old in 2016 and 27.9 years old in 2017; +28.3%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 5.7% of total transactions in 2016 and 15.4% of total transactions in 2017)
Data regarding the market value and its changes of Apartment in Tohoku Shinkansen were calculated using data on the sales of 890 properties provided by the MLIT Japan.

Tohoku Shinkansen Apartment market value list

StationsAverage Trading PriceAverage Unit Price
Koriyama11,681,286 JPY180,601 JPY/sq.m
Fukushima14,656,098 JPY235,805 JPY/sq.m

Tohoku Shinkansen Railway market report

2017. Jan Jun
 13 tradings
2016. Jan Sep
 73 tradings
2015. Jan Dec
 92 tradings
2014. Jan Dec
 46 tradings
2013. Jan Dec
 98 tradings
--2Q
3
--3Q
21
2Q
29
1Q
23
4Q
19
3Q
22
2Q
27
1Q
24
4Q
7
3Q
18
2Q
9
1Q
12
4Q
10
3Q
29
2Q
40
1Q
19
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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.)
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AgeTrading PriceProportion
Price at New434,531 JPY/sq.m100 %
Residual Value (10 Years)298,278 JPY/sq.m69 %
Residual Value (20 Years)194,186 JPY/sq.m45 %
Residual Value (20 Years)122,257 JPY/sq.m28 %
Color:

Unit:
Property Details:
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Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
{{infoObj.days_elapsed|days_year}} years old , Area: {{infoObj.dimension}} sq.m , Total floor area: {{infoObj.dimension_all}} sq.m , Layout: {{infoObj.floor_plan}} , Structure: {{infoObj.structure}}
- 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 Tohoku Shinkansen 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 Shinkansen Tohoku Shinkansen 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 in Tohoku Shinkansen

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

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{{item.days_elapsed|days_year}} years old , Area: {{item.dimension}} sq.m , Total floor area: {{item.dimension_all}} sq.m , Layout: {{item.floor_plan}} , Structure: {{item.structure}}
- 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:

Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving small size for a single person households less than 30 sq.m.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 21.8 years old in 2016 and 27.9 years old in 2017; +28.3%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 5.7% of total transactions in 2016 and 15.4% of total transactions in 2017)
The table below shows Apartment dealt in Fukushima Shinkansen Tohoku Shinkansen, 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 Tohoku Shinkansen

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
Shinkansen (890) [Stations]11,000,000185,71423.4 yrs21 min65 sq.m
Tohoku Shinkansen Fukushima (323) [Stations]14,500,000221,66623.5 yrs13 min65 sq.m
Yamagata Shinkansen Fukushima (323) [Stations]14,500,000221,66623.5 yrs13 min65 sq.m
Shinkansen Yamagata Shinkansen (323) [Stations]14,500,000221,66623.5 yrs13 min65 sq.m
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