Shibata-Gun Home average value

Price 19,350,920 JPY
  (135,152 JPY/sq.m)
- Age 16.2 years old
- Dist. from Sta. 29.7 min walk
- Property area 368.2 sq.m
- Total floor area 162.5 sq.m

The average price of a sq.m Home of Miyagi Shibata-Gun, in 2017 was 122,929 JPY/sq.m. The market value represents a decrease of 33,536 JPY (-21.4%) compared to 1 year ago and a transition to a dramatic market. 18 properties exchanged hands ( The market value represents a decrease of 20 (-52.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 14.9 years old (a +9.8% increase compared to the 13.6 years old of last year.). The average size of the real estate was 324.4 sq.m (a -6.3% decrease compared to the 346.3 sq.m of last year.). The average total floor space of the real estate was 109.7 sq.m (a -29.0% 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

  • An increase in transactions involving nearly new buildings under 3 years old (representing 43.2% of total transactions in 2016 and 50.0% of total transactions in 2017)
  • 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)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 30.2 min in 2016 and 47.4 min in 2017; +56.9%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 8.1% of total transactions in 2016 and 16.7% 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 607 properties provided by the MLIT Japan.

Shibata-Gun Home market value list

AreaAverage Trading PriceAverage Unit Price
Ogawara-Machi15,104,000 JPY133,128 JPY/sq.m
Murata-Machi55,441,936 JPY96,264 JPY/sq.m
Shibata-Machi19,216,304 JPY149,249 JPY/sq.m
Kawasaki-Machi17,022,222 JPY90,683 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 New194,802 JPY/sq.m100 %
Residual Value (10 Years)139,682 JPY/sq.m72 %
Residual Value (20 Years)106,029 JPY/sq.m54 %
Residual Value (20 Years)93,843 JPY/sq.m48 %
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 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.

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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 大字船岡Shibata-Gun Oogawara 19.0 min walk)
18.8 years old , Area: 220 sq.m , Total floor area: 135 sq.m , Structure: 軽量鉄骨造
- Trading date: 2015-12-01T00:00:00Z
Trading price:   14,000,000 JPY,    Unit price:   103,703 JPY/sq.m
5. 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
6. 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
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
8. Miyagi Shibata-Gun Shibata-Machi 大字船岡Shibata-Gun Oogawara 16.0 min walk)
18.8 years old , Area: 230 sq.m , Total floor area: 125 sq.m , Structure: 木造
- Trading date: 2009-12-01T00:00:00Z
Trading price:   5,500,000 JPY,    Unit price:   44,000 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 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

  • An increase in transactions involving nearly new buildings under 3 years old (representing 43.2% of total transactions in 2016 and 50.0% of total transactions in 2017)
  • 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)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 30.2 min in 2016 and 47.4 min in 2017; +56.9%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 8.1% of total transactions in 2016 and 16.7% 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
    Watari-Gun (461) [Area]15,000,000136,36311.3 yrs28 min230 sq.m
    Shichigahama-Machi 汐見台 (65) [Area]16,000,000133,33317.7 yrs30 min230 sq.m
    Rifu-Cho しらかし台 (40) [Area]18,000,000133,33321.4 yrs30 min300 sq.m
    Shinkansen (1,271) [Stations]20,500,000152,66017.5 yrs30 min230 sq.m
    Shinkansen Tohoku Shinkansen (1,271) [Stations]20,500,000152,66017.5 yrs30 min230 sq.m
    JR JR Rikuu East Line (1,027) [Stations]14,500,000104,76121.8 yrs28 min250 sq.m
    Abukuma Express Line Higashifunaoka (28) [Stations]10,500,00096,51014.5 yrs18 min285 sq.m
    JR Senzan line Kuzuoka (25) [Stations]18,000,000178,94714.0 yrs21 min230 sq.m
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