JR Joban Line Home average value

Price 22,441,618 JPY
  (159,862 JPY/sq.m)
- Age 14.2 years old
- Dist. from Sta. 24.4 min walk
- Property area 353.1 sq.m
- Total floor area 153.4 sq.m

The average price of a sq.m Home of Miyagi JR JR Joban Line, in 2017 was 133,960 JPY/sq.m. The market value represents a decrease of 43,883 JPY (-24.7%) compared to 1 year ago and a transition to a dramatic market. 36 properties exchanged hands ( The market value represents a decrease of 24 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.5 years old (a +16.0% increase compared to the 14.2 years old of last year.). The average size of the real estate was 323.6 sq.m (a -4.5% decrease compared to the 338.8 sq.m of last year.). The average total floor space of the real estate was 160.4 sq.m (a +21.5% increase compared to the 132.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m, as well as a dramatic increase in transactions involving middle total floor space for a DINKS or an old age households less than 60 sq.m.

Cause of price increases

  • An decrease in average distance from the station (representing 25.8 min in 2016 and 21.7 min in 2017; -15.9%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 34.5% of total transactions in 2016 and 42.9% of total transactions in 2017)
  • An decrease in transactions involving relatively old buildings under 40 years old (representing 32.7% of total transactions in 2016 and 28.6% of total transactions in 2017)

Causes of price decreases

  • An increase in average age of the building (representing 14.2 years old in 2016 and 16.5 years old in 2017; +16.0%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 5.5% of total transactions in 2016 and 11.4% of total transactions in 2017)
  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 5.5% of total transactions in 2016 and 2.9% 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 784 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
Yamashita8,050,000 JPY70,694 JPY/sq.m
Hamayoshida11,822,222 JPY77,088 JPY/sq.m
Watari15,531,429 JPY146,800 JPY/sq.m
Ookuma16,705,714 JPY150,732 JPY/sq.m
Iwanuma31,709,876 JPY191,873 JPY/sq.m

JR Joban Line Railway market report

2017. Jan - Dec
 36 tradings
2016. Jan - Dec
 60 tradings
2015. Jan - Dec
 47 tradings
2014. Jan - Dec
 47 tradings
4Q
10
3Q
14
2Q
4
1Q
8
4Q
17
3Q
8
2Q
20
1Q
15
4Q
7
3Q
13
2Q
16
1Q
11
4Q
10
3Q
11
2Q
9
1Q
17

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 New216,634 JPY/sq.m100 %
Residual Value (10 Years)156,699 JPY/sq.m72 %
Residual Value (20 Years)118,758 JPY/sq.m55 %
Residual Value (20 Years)102,810 JPY/sq.m47 %
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 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.

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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 Iwanuma-Shi 竹の里Iwanuma-Shi Iwanuma 24.0 min walk)
7.5 years old , Area: 230 sq.m , Total floor area: 110 sq.m , Structure: 木造
- Trading date: 2012-09-01T00:00:00Z
Trading price:   23,000,000 JPY,    Unit price:   209,090 JPY/sq.m
2. Miyagi Watari-Gun Watari-Cho 逢隈高屋Watari-Gun Watari 25.0 min walk)
7.8 years old , Area: 230 sq.m , Total floor area: 125 sq.m , Structure: 木造
- Trading date: 2011-12-01T00:00:00Z
Trading price:   17,000,000 JPY,    Unit price:   136,000 JPY/sq.m
3. Miyagi Watari-Gun Watari-Cho 逢隈鹿島Watari-Gun Watari 21.0 min walk)
8.8 years old , Area: 185 sq.m , Total floor area: 75 sq.m , Structure: 木造
- Trading date: 2016-12-01T00:00:00Z
Trading price:   15,000,000 JPY,    Unit price:   200,000 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 large size more than 100 sq.m, as well as a dramatic increase in transactions involving middle total floor space for a DINKS or an old age households less than 60 sq.m.

Cause of price increases

  • An decrease in average distance from the station (representing 25.8 min in 2016 and 21.7 min in 2017; -15.9%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 34.5% of total transactions in 2016 and 42.9% of total transactions in 2017)
  • An decrease in transactions involving relatively old buildings under 40 years old (representing 32.7% of total transactions in 2016 and 28.6% of total transactions in 2017)

Causes of price decreases

  • An increase in average age of the building (representing 14.2 years old in 2016 and 16.5 years old in 2017; +16.0%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 5.5% of total transactions in 2016 and 11.4% of total transactions in 2017)
  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 5.5% of total transactions in 2016 and 2.9% 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 Joban Line Watari (198) [Stations]17,000,000152,3808.8 yrs16 min220 sq.m
    JR Senzan line Rikuzennochiai (315) [Stations]17,000,000175,00010.6 yrs25 min220 sq.m
    JR Tohoku Main Line Oogawara (277) [Stations]15,000,000144,15510.8 yrs20 min230 sq.m
    JR JR Tohoku Main Line (4,686) [Stations]21,000,000176,92311.8 yrs21 min220 sq.m
    JR (12,438) [Stations]21,000,000178,17415.0 yrs21 min220 sq.m
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