Shibata-Gun Home average value

Price 19,510,227 JPY
  (138,733 JPY/sq.m)
- Age 15.8 years old
- Dist. from Sta. 29.1 min walk
- Property area 358.8 sq.m
- Total floor area 159.1 sq.m

The average price of a sq.m Home of Miyagi Shibata-Gun, in 2017 was 124,479 JPY/sq.m. The market value represents a decrease of 31,986 JPY (-20.4%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 29 (-76.3%) 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 -9.1% decrease compared to the 13.6 years old of last year.). The average size of the real estate was 273.9 sq.m (a -20.9% decrease compared to the 346.3 sq.m of last year.). The average total floor space of the real estate was 113.3 sq.m (a -26.6% decrease compared to the 154.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old, as well as a dramatic increase in transactions involving relatively large size more than 100 sq.m.

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 27.0% of total transactions in 2016 and 11.1% of total transactions in 2017)
  • A slight increase in transactions involving nearly new buildings under 3 years old (representing 43.2% of total transactions in 2016 and 44.4% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 8.1% of total transactions in 2016 and 11.1% of total transactions in 2017)
Data regarding the market value and its changes of Home in Shibata-Gun were calculated using data on the sales of 598 properties provided by the MLIT Japan.

Shibata-Gun Home market value list

AreaAverage Trading PriceAverage Unit Price
Ogawara-Machi15,573,333 JPY134,278 JPY/sq.m
Murata-Machi55,441,936 JPY96,264 JPY/sq.m
Shibata-Machi19,293,684 JPY150,524 JPY/sq.m
Kawasaki-Machi17,810,170 JPY93,808 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 New199,002 JPY/sq.m100 %
Residual Value (10 Years)143,239 JPY/sq.m72 %
Residual Value (20 Years)109,754 JPY/sq.m55 %
Residual Value (20 Years)98,546 JPY/sq.m50 %
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 Shibata-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 Shibata-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 Shibata-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 increase in transactions involving relatively new buildings under 20 years old, as well as a dramatic increase in transactions involving relatively large size more than 100 sq.m.

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 27.0% of total transactions in 2016 and 11.1% of total transactions in 2017)
  • A slight increase in transactions involving nearly new buildings under 3 years old (representing 43.2% of total transactions in 2016 and 44.4% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 8.1% of total transactions in 2016 and 11.1% of total transactions in 2017)
The table below shows Home dealt in Miyagi Shibata-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 Shibata-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
Iwanuma-Shi 吹上 (12) [Area]22,500,000135,98418.8 yrs26 min405 sq.m
Ishinomaki-Shi あけぼの (10) [Area]25,500,000144,23013.9 yrs26 min290 sq.m
Ogawara-Machi 字小島 (7) [Area]20,000,000165,21712.8 yrs30 min340 sq.m
Tohoku Shinkansen Furukawa (499) [Stations]18,000,000141,93511.1 yrs29 min220 sq.m
JR Rikuu East Line Furukawa (499) [Stations]18,000,000141,93511.1 yrs29 min220 sq.m
Abukuma Express Line Tsukinoki (87) [Stations]16,500,000129,82419.0 yrs17 min240 sq.m
JR Tohoku Main Line Tsukinoki (87) [Stations]16,500,000129,82419.0 yrs17 min240 sq.m
JR Tohoku Main Line Oogawara (263) [Stations]15,000,000126,13613.0 yrs21 min240 sq.m
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