Wakabayashi-Ku Home average value

Price 57,540,584 JPY
  (270,810 JPY/sq.m)
- Age 14.7 years old
- Dist. from Sta. 24.5 min walk
- Property area 314.7 sq.m
- Total floor area 244.1 sq.m

The average price of a sq.m Home of Miyagi Sendai-Shi Wakabayashi-Ku, in 2017 was 313,671 JPY/sq.m. The market value represents an increase of 55,396 JPY (+21.4%) compared to 1 year ago and a transition to a dramatic market. 65 properties exchanged hands ( The market value represents a decrease of 37 (-36.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 11.2 years old (a -30.5% decrease compared to the 16.2 years old of last year.). The average size of the real estate was 286.7 sq.m (a -12.0% decrease compared to the 325.7 sq.m of last year.). The average total floor space of the real estate was 186.5 sq.m (a -29.8% decrease compared to the 265.7 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 nearly new buildings under 3 years old.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 16.2 years old in 2016 and 11.2 years old in 2017; -30.5%)
  • An decrease in average distance from the station (representing 19.8 min in 2016 and 17.0 min in 2017; -14.3%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 4.8% of total transactions in 2016 and 12.3% of total transactions in 2017)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 45.4% of total transactions in 2016 and 59.7% of total transactions in 2017)

Causes of price decreases

  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 2.1% of total transactions in 2016 and 1.6% 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 1,099 properties provided by the MLIT Japan.

Wakabayashi-Ku Home market value list

AreaAverage Trading PriceAverage Unit Price
上飯田24,032,143 JPY229,839 JPY/sq.m
沖野29,904,762 JPY234,677 JPY/sq.m
若林37,104,167 JPY217,082 JPY/sq.m
遠見塚32,305,556 JPY273,716 JPY/sq.m
南小泉49,045,161 JPY248,841 JPY/sq.m
中倉35,309,091 JPY244,988 JPY/sq.m
今泉23,377,778 JPY206,217 JPY/sq.m
Taiwa-Cho56,323,529 JPY252,333 JPY/sq.m
霞目33,109,091 JPY168,773 JPY/sq.m
荒井27,303,125 JPY226,474 JPY/sq.m
木ノ下47,096,774 JPY329,695 JPY/sq.m
卸町東113,464,286 JPY208,197 JPY/sq.m
卸町112,464,286 JPY228,221 JPY/sq.m
河原町49,808,696 JPY255,072 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
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
成田町51,250,000 JPY273,241 JPY/sq.m
二軒茶屋60,690,909 JPY243,053 JPY/sq.m
志波町59,600,000 JPY241,852 JPY/sq.m
六丁の目南町51,444,444 JPY233,607 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
遠見塚東31,166,667 JPY200,962 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
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 New330,078 JPY/sq.m100 %
Residual Value (10 Years)258,767 JPY/sq.m78 %
Residual Value (20 Years)206,641 JPY/sq.m63 %
Residual Value (20 Years)173,701 JPY/sq.m53 %
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.

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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

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

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1. Miyagi Sendai-Shi Wakabayashi-Ku 古城Sendai-Shi Kawaramachi 24.0 min walk)
4.0 years old , Area: 175 sq.m , Total floor area: 125 sq.m , Structure: 木造
- Trading date: 2016-03-01T00:00:00Z
Trading price:   35,000,000 JPY,    Unit price:   280,000 JPY/sq.m
2. Miyagi Sendai-Shi Wakabayashi-Ku 若林Sendai-Shi Nagamachiicchoume 24.0 min walk)
2.3 years old , Area: 165 sq.m , Total floor area: 120 sq.m , Structure: 木造
- Trading date: 2006-06-01T00:00:00Z
Trading price:   30,000,000 JPY,    Unit price:   250,000 JPY/sq.m
3. Miyagi Sendai-Shi Wakabayashi-Ku 中倉Sendai-Shi Sendai 30.0 min walk)
4.0 years old , Area: 180 sq.m , Total floor area: 110 sq.m , Structure: 木造
- Trading date: 2014-03-01T00:00:00Z
Trading price:   34,000,000 JPY,    Unit price:   309,090 JPY/sq.m
4. Miyagi Sendai-Shi Wakabayashi-Ku 上飯田Sendai-Shi Kawaramachi 30.0 min walk)
2.8 years old , Area: 160 sq.m , Total floor area: 105 sq.m , Structure: 木造
- Trading date: 2014-12-01T00:00:00Z
Trading price:   25,000,000 JPY,    Unit price:   238,095 JPY/sq.m
5. Miyagi Sendai-Shi Wakabayashi-Ku 中倉Sendai-Shi Sendai 30.0 min walk)
2.5 years old , Area: 150 sq.m , Total floor area: 115 sq.m , Structure: 木造
- Trading date: 2008-09-01T00:00:00Z
Trading price:   25,000,000 JPY,    Unit price:   217,391 JPY/sq.m
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- 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:   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 nearly new buildings under 3 years old.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 16.2 years old in 2016 and 11.2 years old in 2017; -30.5%)
  • An decrease in average distance from the station (representing 19.8 min in 2016 and 17.0 min in 2017; -14.3%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 4.8% of total transactions in 2016 and 12.3% of total transactions in 2017)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 45.4% of total transactions in 2016 and 59.7% of total transactions in 2017)

Causes of price decreases

  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 2.1% of total transactions in 2016 and 1.6% 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 七北田 (40) [Area]36,500,000276,1909.0 yrs15 min235 sq.m
    Sendai-Shi Miyagino-Ku (1,478) [Area]31,000,000260,0008.9 yrs15 min195 sq.m
    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 (345) [Area]28,000,000249,13718.4 yrs19 min195 sq.m
    Sendai Subway Namboku Line Kuromatsu (26) [Stations]31,000,000272,72713.0 yrs19 min197 sq.m
    Sendai Subway Namboku Line Kitasenndai (69) [Stations]25,000,000241,05210.6 yrs25 min190 sq.m
    仙台市営 (974) [Stations]28,000,000237,79716.9 yrs30 min210 sq.m
    仙台市営 Sendai Subway Namboku Line (813) [Stations]27,000,000228,57118.8 yrs30 min220 sq.m
    Sendai Subway Namboku Line Izumichuuou (293) [Stations]27,000,000217,78620.3 yrs30 min230 sq.m
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