Igu-Gun Home average value

Price 13,134,359 JPY
  (77,249 JPY/sq.m)
- Age 24.1 years old
- Dist. from Sta. 56.1 min walk
- Property area 765.9 sq.m
- Total floor area 256.5 sq.m

The average price of a sq.m Home of Miyagi Igu-Gun, in 2016 was 13,333 JPY/sq.m. The market value represents a decrease of 41,160 JPY (-75.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 43.4 years old (a -10.6% decrease compared to the 48.5 years old of last year.). The average size of the real estate was 1600.0 sq.m (a +247.8% increase compared to the 460.0 sq.m of last year.). The average total floor space of the real estate was 1075.0 sq.m (a +604.9% increase compared to the 152.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving older buildings over 40 years old.

Cause of price increases

  • An decrease in average age of the building (representing 48.5 years old in 2015 and 43.4 years old in 2016; -10.6%)
  • An decrease in average distance from the station (representing 24.5 min in 2015 and 22.0 min in 2016; -10.2%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 100.0% of total transactions in 2015 and 50.0% of total transactions in 2016)
Data regarding the market value and its changes of Home in Igu-Gun were calculated using data on the sales of 39 properties provided by the MLIT Japan.

Igu-Gun Home market value list

AreaAverage Trading PriceAverage Unit Price
Marumori-Machi13,134,359 JPY77,249 JPY/sq.m
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Home 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 Home 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 New171,814 JPY/sq.m100 %
Residual Value (10 Years)96,880 JPY/sq.m56 %
Residual Value (20 Years)44,104 JPY/sq.m26 %
Residual Value (20 Years)13,485 JPY/sq.m8 %
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 Igu-Gun Home market value

We can calculate market values for Home 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 Miyagi Igu-Gun Home 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 Igu-Gun

Past Home 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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Home market value trends

Market value trends for Home are as follows.

Data:

Unit:

Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving older buildings over 40 years old.

Cause of price increases

  • An decrease in average age of the building (representing 48.5 years old in 2015 and 43.4 years old in 2016; -10.6%)
  • An decrease in average distance from the station (representing 24.5 min in 2015 and 22.0 min in 2016; -10.2%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 100.0% of total transactions in 2015 and 50.0% of total transactions in 2016)
The table below shows Home dealt in Miyagi Igu-Gun, 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 Igu-Gun

The closest areas in terms of Home 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
Osato-Cho 中村 (10) [Area]15,500,00067,40719.5 yrs75 min1,045 sq.m
Shichigahama-Machi 松ケ浜 (7) [Area]12,000,000100,00022.8 yrs60 min560 sq.m
Kami-Machi 下多田川 (6) [Area]8,150,00052,21717.6 yrs75 min985 sq.m
Wakabayashi-Ku 卸町東 (27) [Area]79,000,000104,70226.0 yrs60 min1,000 sq.m
JR Tohoku Main Line Atago (27) [Stations]16,000,00077,27219.3 yrs60 min570 sq.m
JR Senzan line Kumagane (4) [Stations]31,000,00074,16628.9 yrs75 min565 sq.m
JR Senzan line Rikuzennshirasawa (19) [Stations]11,000,00082,43615.0 yrs60 min400 sq.m
JR Joban Line Hamayoshida (79) [Stations]7,600,00070,66623.9 yrs30 min330 sq.m
Abukuma Express Line Yokokura (13) [Stations]8,500,00067,82613.0 yrs24 min380 sq.m
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