Shibata-Gun Home average value

Price 19,968,047 JPY
  (139,869 JPY/sq.m)
- Age 15.9 years old
- Dist. from Sta. 30.7 min walk
- Property area 366.6 sq.m
- Total floor area 159.1 sq.m

The average price of a sq.m Home of Miyagi Shibata-Gun, in 2017 was 143,497 JPY/sq.m. The market value represents a decrease of 10,080 JPY (-6.6%) compared to 1 year ago and a transition to a bear market. 31 properties exchanged hands ( The market value represents a decrease of 22 (-41.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.1 years old (a +16.4% increase compared to the 13.8 years old of last year.). The average size of the real estate was 332.4 sq.m (a +6.6% increase compared to the 312.0 sq.m of last year.). The average total floor space of the real estate was 123.2 sq.m (a -11.4% decrease compared to the 139.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large total floor space more than 200 sq.m, as well as a dramatic increase in transactions involving relatively new buildings under 20 years old.

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.9% of total transactions in 2016 and 6.5% of total transactions in 2017)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 36.7% of total transactions in 2016 and 45.2% of total transactions in 2017)

Causes of price decreases

  • An increase in average age of the building (representing 13.8 years old in 2016 and 16.1 years old in 2017; +16.4%)
  • An increase in average distance from the station (representing 31.5 min in 2016 and 37.7 min in 2017; +19.5%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 6.1% of total transactions in 2016 and 16.1% 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 632 properties provided by the MLIT Japan.

Shibata-Gun Home market value list

AreaAverage Trading PriceAverage Unit Price
Ogawara-Machi18,067,273 JPY149,400 JPY/sq.m
Murata-Machi55,441,936 JPY96,264 JPY/sq.m
Shibata-Machi19,491,209 JPY150,180 JPY/sq.m
Kawasaki-Machi16,568,182 JPY88,708 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 New203,068 JPY/sq.m100 %
Residual Value (10 Years)140,780 JPY/sq.m69 %
Residual Value (20 Years)103,722 JPY/sq.m51 %
Residual Value (20 Years)91,892 JPY/sq.m45 %
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
{{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

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

Related sales({{similarlist.length}})

1. Miyagi Shibata-Gun Ogawara-Machi 字新東Shibata-Gun Oogawara 20.0 min walk)
15.8 years old , Area: 260 sq.m , Total floor area: 45 sq.m , Structure: 木造
- Trading date: 2006-12-01T00:00:00Z
Trading price:   13,000,000 JPY,    Unit price:   288,888 JPY/sq.m
2. Miyagi Shibata-Gun Ogawara-MachiShibata-Gun Oogawara 20.0 min walk)
16.0 years old , Area: 260 sq.m , Total floor area: 95 sq.m , Structure: 木造
- Trading date: 2007-03-01T00:00:00Z
Trading price:   4,200,000 JPY,    Unit price:   44,210 JPY/sq.m
3. Miyagi Shibata-Gun Shibata-Machi 西船迫Shibata-Gun Funaoka 19.0 min walk)
13.3 years old , Area: 250 sq.m , Total floor area: 105 sq.m , Structure: 木造
- Trading date: 2006-06-01T00:00:00Z
Trading price:   17,000,000 JPY,    Unit price:   161,904 JPY/sq.m
4. Miyagi Shibata-Gun Shibata-Machi 槻木西Shibata-Gun Tsukinoki 19.0 min walk)
12.5 years old , Area: 240 sq.m , Total floor area: 130 sq.m , Structure: 木造
- Trading date: 2007-09-01T00:00:00Z
Trading price:   15,000,000 JPY,    Unit price:   115,384 JPY/sq.m
5. Miyagi Shibata-Gun Shibata-Machi 西船迫Shibata-Gun Funaoka 24.0 min walk)
14.5 years old , Area: 250 sq.m , Total floor area: 130 sq.m , Structure: 木造
- Trading date: 2008-09-01T00:00:00Z
Trading price:   10,000,000 JPY,    Unit price:   76,923 JPY/sq.m
6. Miyagi Shibata-Gun Shibata-Machi 西船迫Shibata-Gun Funaoka 16.0 min walk)
15.3 years old , Area: 250 sq.m , Total floor area: 130 sq.m , Structure: 木造
- Trading date: 2009-06-01T00:00:00Z
Trading price:   14,000,000 JPY,    Unit price:   107,692 JPY/sq.m
7. Miyagi Shibata-Gun Ogawara-Machi 字新南Shibata-Gun Oogawara 16.0 min walk)
13.5 years old , Area: 240 sq.m , Total floor area: 120 sq.m , Structure: 木造
- Trading date: 2008-09-01T00:00:00Z
Trading price:   13,000,000 JPY,    Unit price:   108,333 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 very large total floor space more than 200 sq.m, as well as a dramatic increase in transactions involving relatively new buildings under 20 years old.

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.9% of total transactions in 2016 and 6.5% of total transactions in 2017)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 36.7% of total transactions in 2016 and 45.2% of total transactions in 2017)

Causes of price decreases

  • An increase in average age of the building (representing 13.8 years old in 2016 and 16.1 years old in 2017; +16.4%)
  • An increase in average distance from the station (representing 31.5 min in 2016 and 37.7 min in 2017; +19.5%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 6.1% of total transactions in 2016 and 16.1% 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
    Watari-Gun (473) [Area]15,000,000134,66611.6 yrs28 min230 sq.m
    Shichigahama-Machi 汐見台 (67) [Area]16,000,000133,33317.7 yrs30 min230 sq.m
    JR Tohoku Main Line Oogawara (281) [Stations]16,000,000147,36810.5 yrs19 min230 sq.m
    JR Ishimaki Line Watanoha (114) [Stations]16,500,000147,61819.8 yrs19 min220 sq.m
    Shinkansen (1,310) [Stations]21,000,000154,54517.5 yrs30 min230 sq.m
    Shinkansen Tohoku Shinkansen (1,310) [Stations]21,000,000154,54517.5 yrs30 min230 sq.m
    JR Senzan line Kuzuoka (27) [Stations]18,000,000172,80614.0 yrs21 min230 sq.m
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