JR Ōfunato Line Home average value

Price 16,362,651 JPY
  (119,596 JPY/sq.m)
- Age 27.0 years old
- Dist. from Sta. 52.8 min walk
- Property area 331.9 sq.m
- Total floor area 133.4 sq.m

The average price of a sq.m Home of Miyagi JR JR Ōfunato Line, in 2017 was 73,515 JPY/sq.m. The market value represents an increase of 9,322 JPY (+14.5%) compared to 1 year ago and a transition to a bull market. 4 properties exchanged hands ( The market value represents a decrease of 9 (-69.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 32.9 years old (a -15.7% decrease compared to the 39.0 years old of last year.). The average size of the real estate was 378.8 sq.m (a +13.3% increase compared to the 334.2 sq.m of last year.). The average total floor space of the real estate was 188.8 sq.m (a +38.5% increase compared to the 136.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large total floor space more than 100 sq.m.

Cause of price increases

  • An decrease in average age of the building (representing 39.0 years old in 2016 and 32.9 years old in 2017; -15.7%)
  • A dramatic decrease in average distance from the station (representing 55.1 min in 2016 and 25.0 min in 2017; -54.6%)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 54.5% of total transactions in 2016 and 66.7% of total transactions in 2017)
Data regarding the market value and its changes of Home in JR Ōfunato Line were calculated using data on the sales of 226 properties provided by the MLIT Japan.

JR Ōfunato Line Home market value list

StationsAverage Trading PriceAverage Unit Price
Kesennnuma16,362,651 JPY119,596 JPY/sq.m
Shishiorikarakuwa19,823,529 JPY67,523 JPY/sq.m

JR Ōfunato Line Railway market report

2017. Jan Jun
 4 tradings
2016. Jan Sep
 13 tradings
2015. Jan Dec
 21 tradings
2014. Jan Dec
 31 tradings
2013. Jan Dec
 24 tradings
--2Q
2
--3Q
4
2Q
3
1Q
6
4Q
4
3Q
9
2Q
4
1Q
4
4Q
7
3Q
11
2Q
4
1Q
9
4Q
6
3Q
5
2Q
4
1Q
9
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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 New190,675 JPY/sq.m100 %
Residual Value (10 Years)140,561 JPY/sq.m74 %
Residual Value (20 Years)103,936 JPY/sq.m55 %
Residual Value (20 Years)80,799 JPY/sq.m42 %
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 Ōfunato 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 Ōfunato 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 Ōfunato 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 large total floor space more than 100 sq.m.

Cause of price increases

  • An decrease in average age of the building (representing 39.0 years old in 2016 and 32.9 years old in 2017; -15.7%)
  • A dramatic decrease in average distance from the station (representing 55.1 min in 2016 and 25.0 min in 2017; -54.6%)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 54.5% of total transactions in 2016 and 66.7% of total transactions in 2017)
The table below shows Home dealt in Miyagi JR JR Ōfunato 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 Ōfunato 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 JR Rikuu East Line (1,000) [Stations]14,000,000100,00021.8 yrs26 min250 sq.m
JR Rikuu East Line Furukawa (499) [Stations]18,000,000141,93511.1 yrs29 min220 sq.m
JR Tohoku Main Line Matsuyamamachi (31) [Stations]11,000,00088,00016.3 yrs24 min260 sq.m
JR Ōfunato Line Kesennnuma (192) [Stations]11,000,00083,33327.7 yrs30 min290 sq.m
JR Ofunato BRT line Kesennnuma (192) [Stations]11,000,00083,33327.7 yrs30 min290 sq.m
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