JR Joban Line Home average value

Price 21,617,188 JPY
  (161,073 JPY/sq.m)
- Age 13.1 years old
- Dist. from Sta. 23.5 min walk
- Property area 350.7 sq.m
- Total floor area 154.8 sq.m

The average price of a sq.m Home of Miyagi JR JR Joban Line, in 2017 was 129,743 JPY/sq.m. The market value represents a decrease of 43,856 JPY (-25.3%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents a decrease of 31 (-72.1%) 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 -15.8% decrease compared to the 14.7 years old of last year.). The average size of the real estate was 272.1 sq.m (a -27.1% decrease compared to the 373.0 sq.m of last year.). The average total floor space of the real estate was 155.8 sq.m (a +7.0% increase compared to the 145.6 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 locations relatively near to the station less than six minutes by foot from the station.

Cause of price increases

  • An decrease in average age of the building (representing 14.7 years old in 2016 and 12.4 years old in 2017; -15.8%)
  • A dramatic decrease in average distance from the station (representing 28.1 min in 2016 and 21.0 min in 2017; -25.4%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.3% of total transactions in 2016 and 8.3% of total transactions in 2017)
  • An increase in transactions involving recently constructed buildings under 6 years old (representing 7.5% of total transactions in 2016 and 8.3% of total transactions in 2017)

Causes of price decreases

  • A slight increase in transactions involving relatively old buildings under 40 years old (representing 32.5% of total transactions in 2016 and 33.3% of total transactions in 2017)
Data regarding the market value and its changes of Home in JR Joban Line were calculated using data on the sales of 760 properties provided by the MLIT Japan.

JR Joban Line Home market value list

StationsAverage Trading PriceAverage Unit Price
Sakamoto9,133,333 JPY78,458 JPY/sq.m
Yamashita8,062,791 JPY70,502 JPY/sq.m
Hamayoshida8,271,429 JPY75,904 JPY/sq.m
Watari19,610,256 JPY148,290 JPY/sq.m
Ookuma17,235,135 JPY154,509 JPY/sq.m
Iwanuma27,395,699 JPY188,611 JPY/sq.m

JR Joban Line Railway market report

2017. Jan Jun
 12 tradings
2016. Jan Sep
 43 tradings
2015. Jan Dec
 47 tradings
2014. Jan Dec
 47 tradings
2013. Jan Dec
 90 tradings
--2Q
4
--3Q
8
2Q
20
1Q
15
4Q
7
3Q
13
2Q
16
1Q
11
4Q
10
3Q
11
2Q
9
1Q
17
4Q
26
3Q
22
2Q
27
1Q
15
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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 New211,956 JPY/sq.m100 %
Residual Value (10 Years)157,707 JPY/sq.m74 %
Residual Value (20 Years)122,282 JPY/sq.m58 %
Residual Value (20 Years)105,681 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 JR Joban Line 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 JR JR Joban Line 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 in JR Joban Line

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 locations relatively near to the station less than six minutes by foot from the station.

Cause of price increases

  • An decrease in average age of the building (representing 14.7 years old in 2016 and 12.4 years old in 2017; -15.8%)
  • A dramatic decrease in average distance from the station (representing 28.1 min in 2016 and 21.0 min in 2017; -25.4%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.3% of total transactions in 2016 and 8.3% of total transactions in 2017)
  • An increase in transactions involving recently constructed buildings under 6 years old (representing 7.5% of total transactions in 2016 and 8.3% of total transactions in 2017)

Causes of price decreases

  • A slight increase in transactions involving relatively old buildings under 40 years old (representing 32.5% of total transactions in 2016 and 33.3% of total transactions in 2017)
The table below shows Home dealt in Miyagi JR JR Joban Line, 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 JR Joban Line

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
JR Tohoku Main Line Funaoka (168) [Stations]19,000,000166,35213.5 yrs18 min210 sq.m
JR Senzan line Kuzuoka (24) [Stations]18,000,000172,80614.0 yrs21 min230 sq.m
JR Senzan line Rikuzennochiai (302) [Stations]18,000,000175,00011.0 yrs25 min220 sq.m
JR (12,036) [Stations]21,000,000175,00015.8 yrs21 min230 sq.m
JR JR Tohoku Main Line (4,536) [Stations]21,000,000176,92313.8 yrs22 min230 sq.m
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