JR Ōfunato Line Home average value

Price 17,561,842 JPY
  (119,509 JPY/sq.m)
- Age 26.6 years old
- Dist. from Sta. 54.0 min walk
- Property area 373.9 sq.m
- Total floor area 137.8 sq.m

The average price of a sq.m Home of Miyagi JR JR Ōfunato Line, in 2017 was 99,384 JPY/sq.m. The market value represents a decrease of 2,479 JPY (-2.4%) compared to 1 year ago and a transition to a slight market. 9 properties exchanged hands ( The market value represents a decrease of 12 (-57.1%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 27.9 years old (a -4.1% decrease compared to the 29.1 years old of last year.). The average size of the real estate was 547.2 sq.m (a +71.4% increase compared to the 319.3 sq.m of last year.). The average total floor space of the real estate was 173.9 sq.m (a +30.0% increase compared to the 133.8 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.

Cause of price increases

  • An decrease in average distance from the station (representing 56.9 min in 2016 and 47.8 min in 2017; -16.0%)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 5.3% of total transactions in 2016 and 14.3% of total transactions in 2017)

Causes of price decreases

  • An increase in transactions involving older buildings over 40 years old (representing 36.8% of total transactions in 2016 and 42.9% 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 238 properties provided by the MLIT Japan.

JR Ōfunato Line Home market value list

StationsAverage Trading PriceAverage Unit Price
Kesennnuma17,561,842 JPY119,509 JPY/sq.m
Shishiorikarakuwa19,823,529 JPY67,523 JPY/sq.m

JR Ōfunato Line Railway market report

2017. Jan - Dec
 9 tradings
2016. Jan - Dec
 21 tradings
2015. Jan - Dec
 21 tradings
2014. Jan - Dec
 31 tradings
4Q
4
3Q
1
2Q
2
1Q
2
4Q
8
3Q
4
2Q
3
1Q
6
4Q
4
3Q
9
2Q
4
1Q
4
4Q
7
3Q
11
2Q
4
1Q
9

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 New157,547 JPY/sq.m100 %
Residual Value (10 Years)122,104 JPY/sq.m78 %
Residual Value (20 Years)95,544 JPY/sq.m61 %
Residual Value (20 Years)77,867 JPY/sq.m49 %
Color:
Unit:   Touch:
Property Details:
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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 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.

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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 Kesen'Numa-Shi 西八幡前Kesen'Numa-Shi Kesennnuma 30.0 min walk)
27.0 years old , Area: 310 sq.m , Total floor area: 120 sq.m , Structure: 木造
- Trading date: 2018-03-01T00:00:00Z
Trading price:   16,000,000 JPY,    Unit price:   133,333 JPY/sq.m
2. Miyagi Kesen'Numa-Shi 田中前Kesen'Numa-Shi Kesennnuma 29.0 min walk)
26.7 years old , Area: 320 sq.m , Total floor area: 110 sq.m , Structure: 木造
- Trading date: 2015-09-01T00:00:00Z
Trading price:   28,000,000 JPY,    Unit price:   254,545 JPY/sq.m
3. Miyagi Kesen'Numa-Shi 九条Kesen'Numa-Shi Kesennnuma 30.0 min walk)
30.5 years old , Area: 360 sq.m , Total floor area: 185 sq.m , Structure: 木造
- Trading date: 2017-09-01T00:00:00Z
Trading price:   12,000,000 JPY,    Unit price:   64,864 JPY/sq.m
4. Miyagi Kesen'Numa-Shi 本郷Kesen'Numa-Shi Kesennnuma 24.0 min walk)
26.8 years old , Area: 260 sq.m , Total floor area: 155 sq.m , Structure: 木造
- Trading date: 2016-12-01T00:00:00Z
Trading price:   25,000,000 JPY,    Unit price:   161,290 JPY/sq.m
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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.

Cause of price increases

  • An decrease in average distance from the station (representing 56.9 min in 2016 and 47.8 min in 2017; -16.0%)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 5.3% of total transactions in 2016 and 14.3% of total transactions in 2017)

Causes of price decreases

  • An increase in transactions involving older buildings over 40 years old (representing 36.8% of total transactions in 2016 and 42.9% 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 (1,064) [Stations]15,000,000104,76121.8 yrs28 min250 sq.m
    JR Tohoku Main Line Matsuyamamachi (32) [Stations]11,000,00088,00016.3 yrs24 min260 sq.m
    JR Senzan line Rikuzennshirasawa (20) [Stations]10,500,00086,08617.1 yrs45 min420 sq.m
    JR Senzan line Kumagane (4) [Stations]31,000,00074,16628.9 yrs75 min565 sq.m
    JR Tohoku Main Line Atago (28) [Stations]15,500,00073,41819.5 yrs45 min565 sq.m
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