Wakabayashi-Ku Home average value

Price 55,479,667 JPY
  (266,336 JPY/sq.m)
- Age 15.0 years old
- Dist. from Sta. 25.6 min walk
- Property area 318.2 sq.m
- Total floor area 245.3 sq.m

The average price of a sq.m Home of Miyagi Sendai-Shi Wakabayashi-Ku, in 2017 was 284,900 JPY/sq.m. The market value represents an increase of 23,879 JPY (+9.1%) compared to 1 year ago and a transition to a strong market. 40 properties exchanged hands ( The market value represents a decrease of 38 (-48.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 12.4 years old (a -17.3% decrease compared to the 15.0 years old of last year.). The average size of the real estate was 259.1 sq.m (a -20.2% decrease compared to the 324.7 sq.m of last year.). The average total floor space of the real estate was 188.4 sq.m (a -30.8% 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 near to the station less than six minutes by foot from the station, as well as a dramatic increase in transactions involving relatively large total floor space more than 100 sq.m.

Cause of price increases

  • An decrease in average age of the building (representing 15.0 years old in 2016 and 12.4 years old in 2017; -17.3%)
  • An decrease in average distance from the station (representing 20.8 min in 2016 and 16.7 min in 2017; -19.8%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 5.0% of total transactions in 2016 and 12.5% of total transactions in 2017)
  • An increase in transactions involving nearly new buildings under 3 years old (representing 51.4% of total transactions in 2016 and 59.0% of total transactions in 2017)

Causes of price decreases

  • A some increase in transactions involving relatively old buildings under 40 years old (representing 27.0% of total transactions in 2016 and 28.2% 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 1,074 properties provided by the MLIT Japan.

Wakabayashi-Ku Home market value list

AreaAverage Trading PriceAverage Unit Price
上飯田25,571,429 JPY226,852 JPY/sq.m
沖野25,375,392 JPY205,397 JPY/sq.m
若林48,405,000 JPY261,452 JPY/sq.m
遠見塚35,264,706 JPY268,032 JPY/sq.m
南小泉49,530,000 JPY245,812 JPY/sq.m
中倉35,370,370 JPY243,599 JPY/sq.m
今泉23,690,909 JPY209,086 JPY/sq.m
Taiwa-Cho56,323,529 JPY252,333 JPY/sq.m
霞目33,109,091 JPY168,773 JPY/sq.m
荒井27,054,839 JPY223,789 JPY/sq.m
木ノ下47,896,552 JPY334,316 JPY/sq.m
卸町東113,464,286 JPY208,197 JPY/sq.m
卸町109,054,546 JPY211,787 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51,075,000 JPY240,480 JPY/sq.m
かすみ町23,157,895 JPY182,673 JPY/sq.m
一本杉町35,437,500 JPY224,519 JPY/sq.m
連坊128,738,095 JPY249,765 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
志波町59,600,000 JPY241,852 JPY/sq.m
二軒茶屋63,260,000 JPY244,133 JPY/sq.m
六丁の目南町51,444,444 JPY233,607 JPY/sq.m
成田町31,000,000 JPY276,587 JPY/sq.m
三百人町71,555,556 JPY309,447 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
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
白萩町59,375,000 JPY268,238 JPY/sq.m
六丁の目東町163,571,429 JPY374,973 JPY/sq.m
五十人町35,285,714 JPY170,919 JPY/sq.m
六丁の目西町75,333,333 JPY189,504 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
六郷11,775,000 JPY126,684 JPY/sq.m
南鍛冶町52,000,000 JPY325,048 JPY/sq.m

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.)
AgeTrading PriceProportion
Price at New331,322 JPY/sq.m100 %
Residual Value (10 Years)251,225 JPY/sq.m76 %
Residual Value (20 Years)201,048 JPY/sq.m61 %
Residual Value (20 Years)180,790 JPY/sq.m55 %
Color:
Unit:   Touch:
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

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

Related sales({{similarlist.length}})

1. Miyagi Sendai-Shi Wakabayashi-Ku 若林Sendai-Shi Kawaramachi 23.0 min walk)
7.8 years old , Area: 195 sq.m , Total floor area: 100 sq.m , Structure: 鉄骨造
- Trading date: 2006-12-01T00:00:00Z
Trading price:   18,000,000 JPY,    Unit price:   180,000 JPY/sq.m
2. Miyagi Sendai-Shi Wakabayashi-Ku 保春院前丁Sendai-Shi Itsutsubashi 23.0 min walk)
8.0 years old , Area: 145 sq.m , Total floor area: 105 sq.m , Structure: 木造
- Trading date: 2015-03-01T00:00:00Z
Trading price:   35,000,000 JPY,    Unit price:   333,333 JPY/sq.m
3. Miyagi Sendai-Shi Wakabayashi-Ku 上飯田Sendai-Shi Kawaramachi 30.0 min walk)
6.8 years old , Area: 180 sq.m , Total floor area: 120 sq.m , Structure: 木造
- Trading date: 2009-12-01T00:00:00Z
Trading price:   19,000,000 JPY,    Unit price:   158,333 JPY/sq.m
4. Miyagi Sendai-Shi Wakabayashi-Ku 沖野Sendai-Shi Kawaramachi 30.0 min walk)
7.3 years old , Area: 180 sq.m , Total floor area: 260 sq.m , Structure: RC、木造
- Trading date: 2007-06-01T00:00:00Z
Trading price:   32,000,000 JPY,    Unit price:   123,076 JPY/sq.m
5. Miyagi Sendai-Shi Wakabayashi-Ku 上飯田Sendai-Shi Nagamachiicchoume 30.0 min walk)
7.3 years old , Area: 135 sq.m , Total floor area: 110 sq.m , Structure: 木造
- Trading date: 2007-06-01T00:00:00Z
Trading price:   17,000,000 JPY,    Unit price:   154,545 JPY/sq.m
6. Miyagi Sendai-Shi Wakabayashi-Ku 上飯田Sendai-Shi Kawaramachi 30.0 min walk)
7.3 years old , Area: 180 sq.m , Total floor area: 120 sq.m , Structure: 木造
- Trading date: 2010-06-01T00:00:00Z
Trading price:   23,000,000 JPY,    Unit price:   191,666 JPY/sq.m
7. Miyagi Sendai-Shi Wakabayashi-Ku 沖野Sendai-Shi Nagamachiicchoume 30.0 min walk)
6.5 years old , Area: 165 sq.m , Total floor area: 130 sq.m , Structure: 木造
- Trading date: 2006-09-01T00:00:00Z
Trading price:   31,000,000 JPY,    Unit price:   238,461 JPY/sq.m
8. Miyagi Sendai-Shi Wakabayashi-Ku 一本杉町Sendai-Shi Sendai 30.0 min walk)
7.5 years old , Area: 135 sq.m , Total floor area: 110 sq.m , Structure: 木造
- Trading date: 2008-09-01T00:00:00Z
Trading price:   22,000,000 JPY,    Unit price:   200,000 JPY/sq.m
9. Miyagi Sendai-Shi Wakabayashi-Ku 沖野Sendai-Shi Nagamachiicchoume 30.0 min walk)
6.3 years old , Area: 195 sq.m , Total floor area: 145 sq.m , Structure: 木造
- Trading date: 2009-06-01T00:00:00Z
Trading price:   29,000,000 JPY,    Unit price:   200,000 JPY/sq.m
10. Miyagi Sendai-Shi Wakabayashi-Ku 沖野Sendai-Shi Kawaramachi 30.0 min walk)
7.8 years old , Area: 185 sq.m , Total floor area: 110 sq.m , Structure: 軽量鉄骨造
- Trading date: 2011-12-01T00:00:00Z
Trading price:   29,000,000 JPY,    Unit price:   263,636 JPY/sq.m
11. Miyagi Sendai-Shi Wakabayashi-Ku 沖野Sendai-Shi Nagamachiicchoume 30.0 min walk)
8.3 years old , Area: 200 sq.m , Total floor area: 110 sq.m , Structure: 木造
- Trading date: 2007-06-01T00:00:00Z
Trading price:   29,000,000 JPY,    Unit price:   263,636 JPY/sq.m
12. Miyagi Sendai-Shi Wakabayashi-Ku 新寺Sendai-Shi Sendai 18.0 min walk)
8.3 years old , Area: 200 sq.m , Total floor area: 830 sq.m , Structure: RC
- Trading date: 2012-06-01T00:00:00Z
Trading price:   200,000,000 JPY,    Unit price:   240,963 JPY/sq.m
13. Miyagi Sendai-Shi Wakabayashi-Ku 沖野Sendai-Shi Kawaramachi 30.0 min walk)
8.3 years old , Area: 135 sq.m , Total floor area: 105 sq.m , Structure: 木造
- Trading date: 2015-06-01T00:00:00Z
Trading price:   25,000,000 JPY,    Unit price:   238,095 JPY/sq.m
14. Miyagi Sendai-Shi Wakabayashi-Ku 上飯田Sendai-Shi Kawaramachi 30.0 min walk)
5.5 years old , Area: 200 sq.m , Total floor area: 110 sq.m , Structure: 木造
- Trading date: 2011-09-01T00:00:00Z
Trading price:   22,000,000 JPY,    Unit price:   200,000 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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Home market value trends

Market value trends for Home 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 relatively near to the station less than six minutes by foot from the station, as well as a dramatic increase in transactions involving relatively large total floor space more than 100 sq.m.

Cause of price increases

  • An decrease in average age of the building (representing 15.0 years old in 2016 and 12.4 years old in 2017; -17.3%)
  • An decrease in average distance from the station (representing 20.8 min in 2016 and 16.7 min in 2017; -19.8%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 5.0% of total transactions in 2016 and 12.5% of total transactions in 2017)
  • An increase in transactions involving nearly new buildings under 3 years old (representing 51.4% of total transactions in 2016 and 59.0% of total transactions in 2017)

Causes of price decreases

  • A some increase in transactions involving relatively old buildings under 40 years old (representing 27.0% of total transactions in 2016 and 28.2% 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
    Izumi-Ku 友愛町 (7) [Area]25,000,000250,00016.5 yrs24 min220 sq.m
    Izumi-Ku 南光台 (338) [Area]27,000,000239,58319.9 yrs19 min200 sq.m
    Wakabayashi-Ku Taiwa-Cho (34) [Area]35,500,000237,50018.4 yrs30 min220 sq.m
    Sendai-Shi (9,844) [Area]28,000,000230,00016.0 yrs23 min210 sq.m
    Izumi-Ku(40) [Area]30,000,000228,42716.9 yrs30 min230 sq.m
    Sendai Subway Namboku Line Kitasenndai (63) [Stations]25,000,000240,00018.5 yrs26 min195 sq.m
    仙台市営 (837) [Stations]28,000,000235,29417.4 yrs30 min210 sq.m
    仙台市営 Sendai Subway Namboku Line (702) [Stations]27,000,000226,08619.3 yrs30 min220 sq.m
    Sendai Subway Namboku Line Yaotome (48) [Stations]27,500,000213,02420.4 yrs30 min250 sq.m
    Sendai Subway Namboku Line Nagamachiminami (78) [Stations]22,500,000208,9289.5 yrs30 min195 sq.m
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