Wakabayashi-Ku Home average value

Price 54,157,655 JPY
  (260,843 JPY/sq.m)
- Age 14.9 years old
- Dist. from Sta. 27.4 min walk
- Property area 316.8 sq.m
- Total floor area 245.0 sq.m

The average price of a sq.m Home of Miyagi Sendai-Shi Wakabayashi-Ku, in 2017 was 244,689 JPY/sq.m. The market value represents a decrease of 16,332 JPY (-6.3%) compared to 1 year ago and a transition to a bear market. 18 properties exchanged hands ( The market value represents a decrease of 60 (-76.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 14.1 years old (a -6.3% decrease compared to the 15.0 years old of last year.). The average size of the real estate was 298.9 sq.m (a -7.9% decrease compared to the 324.7 sq.m of last year.). The average total floor space of the real estate was 233.6 sq.m (a -14.3% decrease compared to the 272.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station, as well as a dramatic increase in transactions involving very large total floor space more than 200 sq.m.

Cause of price increases

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 1.4% of total transactions in 2016 and 5.6% of total transactions in 2017)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 12.2% of total transactions in 2016 and 5.6% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 27.0% of total transactions in 2016 and 33.3% of total transactions in 2017)
  • A slight decrease in transactions involving nearly new buildings under 3 years old (representing 51.4% of total transactions in 2016 and 50.0% of total transactions in 2017)
Data regarding the market value and its changes of Home in Wakabayashi-Ku were calculated using data on the sales of 1,052 properties provided by the MLIT Japan.

Wakabayashi-Ku Home market value list

AreaAverage Trading PriceAverage Unit Price
上飯田25,296,296 JPY222,878 JPY/sq.m
沖野30,190,476 JPY235,491 JPY/sq.m
若林45,595,454 JPY249,432 JPY/sq.m
遠見塚34,916,667 JPY268,596 JPY/sq.m
南小泉50,364,912 JPY243,346 JPY/sq.m
中倉35,370,370 JPY243,599 JPY/sq.m
今泉23,690,909 JPY209,086 JPY/sq.m
霞目33,109,091 JPY168,773 JPY/sq.m
Taiwa-Cho56,187,500 JPY240,851 JPY/sq.m
荒井27,054,839 JPY223,789 JPY/sq.m
木ノ下47,857,143 JPY328,328 JPY/sq.m
卸町東116,111,111 JPY211,832 JPY/sq.m
卸町110,296,296 JPY213,521 JPY/sq.m
文化町41,904,762 JPY277,570 JPY/sq.m
古城49,000,000 JPY306,118 JPY/sq.m
蒲町28,575,000 JPY235,967 JPY/sq.m
河原町49,500,000 JPY228,776 JPY/sq.m
かすみ町23,500,000 JPY183,377 JPY/sq.m
一本杉町35,466,667 JPY216,747 JPY/sq.m
連坊132,525,000 JPY246,642 JPY/sq.m
六丁の目中町62,666,667 JPY233,948 JPY/sq.m
新寺178,850,000 JPY219,749 JPY/sq.m
二軒茶屋63,260,000 JPY244,133 JPY/sq.m
志波町61,777,778 JPY224,465 JPY/sq.m
六丁の目南町51,444,444 JPY233,607 JPY/sq.m
保春院前丁33,888,889 JPY215,226 JPY/sq.m
鶴代町81,388,889 JPY120,649 JPY/sq.m
伊在81,125,000 JPY300,498 JPY/sq.m
成田町30,250,000 JPY267,113 JPY/sq.m
三百人町69,375,000 JPY280,704 JPY/sq.m
南染師町21,300,000 JPY217,471 JPY/sq.m
六丁の目元町51,625,000 JPY344,579 JPY/sq.m
五十人町35,285,714 JPY170,919 JPY/sq.m
白萩町52,142,857 JPY268,238 JPY/sq.m
六丁の目東町182,666,667 JPY392,098 JPY/sq.m
石名坂29,583,333 JPY243,084 JPY/sq.m
連坊小路49,400,000 JPY299,277 JPY/sq.m
荒浜新13,980,000 JPY133,012 JPY/sq.m
遠見塚東31,400,000 JPY184,011 JPY/sq.m
新弓ノ町36,000,000 JPY319,412 JPY/sq.m
六丁の目北町43,600,000 JPY174,979 JPY/sq.m
東八番丁66,750,000 JPY214,708 JPY/sq.m
二木9,025,000 JPY65,079 JPY/sq.m
表柴田町114,500,000 JPY240,016 JPY/sq.m
日辺22,250,000 JPY208,036 JPY/sq.m
六丁の目西町88,500,000 JPY183,655 JPY/sq.m
南鍛冶町52,000,000 JPY325,048 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.)
{{(expShow==true) ? 'Close' : 'Show all'}}
AgeTrading PriceProportion
Price at New325,207 JPY/sq.m100 %
Residual Value (10 Years)248,041 JPY/sq.m76 %
Residual Value (20 Years)198,640 JPY/sq.m61 %
Residual Value (20 Years)177,004 JPY/sq.m54 %
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
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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 Wakabayashi-Ku 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 Sendai-Shi Wakabayashi-Ku Home that meet the above conditions were calculated in the following manner.

{{currentObj|applyRegCalculatePrecise:averageObj:coefObj:true:true}}
({{unit_price|number:0}} JPY/sq.m)

The assumed transaction price, not including agency commissions, taxes, etc.

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Trading data in Wakabayashi-Ku

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 increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station, as well as a dramatic increase in transactions involving very large total floor space more than 200 sq.m.

Cause of price increases

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 1.4% of total transactions in 2016 and 5.6% of total transactions in 2017)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 12.2% of total transactions in 2016 and 5.6% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 27.0% of total transactions in 2016 and 33.3% of total transactions in 2017)
  • A slight decrease in transactions involving nearly new buildings under 3 years old (representing 51.4% of total transactions in 2016 and 50.0% of total transactions in 2017)
The table below shows Home dealt in Miyagi Sendai-Shi Wakabayashi-Ku, 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 Wakabayashi-Ku

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
Wakabayashi-Ku 保春院前丁 (9) [Area]31,000,000256,66614.6 yrs25 min190 sq.m
Izumi-Ku 友愛町 (7) [Area]25,000,000250,00016.5 yrs24 min220 sq.m
Izumi-Ku 南光台 (332) [Area]27,500,000244,97018.4 yrs19 min200 sq.m
Wakabayashi-Ku Taiwa-Cho (32) [Area]34,500,000231,57819.1 yrs30 min235 sq.m
Sendai-Shi (9,647) [Area]28,000,000228,57116.8 yrs24 min210 sq.m
仙台市営 (705) [Stations]28,000,000234,26217.5 yrs30 min210 sq.m
Sendai Subway Namboku Line Kuromatsu (19) [Stations]32,000,000287,82018.3 yrs19 min195 sq.m
仙台市営 Sendai Subway Namboku Line (596) [Stations]27,500,000224,50018.3 yrs30 min210 sq.m
Sendai Subway Namboku Line Yaotome (38) [Stations]28,000,000219,69219.0 yrs30 min250 sq.m
Sendai Subway Namboku Line Nagamachiminami (64) [Stations]21,500,000200,00012.8 yrs30 min195 sq.m
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