Tohoku Shinkansen Apartment average value
- Age 21.7 years old
- Dist. from Sta. 21.4 min walk
- Property area 61.0 sq.m
The average price of a sq.m Apartment of Fukushima Shinkansen Tohoku Shinkansen, in 2017 was 176,418 JPY/sq.m. The market value represents a decrease of 21,478 JPY (-10.9%) compared to 1 year ago and a transition to a weak market. 43 properties exchanged hands ( The market value represents a decrease of 49 (-53.3%) 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 +14.4% increase compared to the 21.9 years old of last year.). The average size of the real estate was 59.8 sq.m (a -4.2% decrease compared to the 62.4 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, as well as 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 21.9 years old in 2016 and 25.1 years old in 2017; +14.4%)
- An increase in transactions involving relatively old buildings under 40 years old (representing 59.6% 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 7.9% of total transactions in 2016 and 9.5% of total transactions in 2017)
Tohoku Shinkansen Apartment market value list
|Stations||Average Trading Price||Average Unit Price|
|Koriyama||12,178,333 JPY||187,410 JPY/sq.m|
|Fukushima||13,699,390 JPY||218,767 JPY/sq.m|
Tohoku Shinkansen Railway market report
|2017. Jan - Dec|
|2016. Jan - Dec|
|2015. Jan - Dec|
|2014. Jan - Dec|