JR Rikuu East Line Home average value

Price 20,144,130 JPY
  (120,023 JPY/sq.m)
- Age 20.9 years old
- Dist. from Sta. 31.8 min walk
- Property area 433.1 sq.m
- Total floor area 181.4 sq.m

The average price of a sq.m Home of Miyagi JR JR Rikuu East Line, in 2017 was 107,708 JPY/sq.m. The market value represents a decrease of 22,215 JPY (-17.1%) compared to 1 year ago and a transition to a weak market. 14 properties exchanged hands ( The market value represents a decrease of 67 (-82.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 26.9 years old (a +55.6% increase compared to the 17.3 years old of last year.). The average size of the real estate was 403.2 sq.m (a -4.7% decrease compared to the 423.3 sq.m of last year.). The average total floor space of the real estate was 112.1 sq.m (a -38.7% decrease compared to the 182.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle total floor space for a DINKS or an old age households less than 60 sq.m, as well as a dramatic increase in transactions involving relatively old buildings under 40 years old.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 17.3 years old in 2016 and 26.9 years old in 2017; +55.6%)
  • A dramatic increase in average distance from the station (representing 29.7 min in 2016 and 37.1 min in 2017; +24.6%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 23.5% of total transactions in 2016 and 50.0% of total transactions in 2017)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 47.1% of total transactions in 2016 and 30.0% of total transactions in 2017)
Data regarding the market value and its changes of Home in JR Rikuu East Line were calculated using data on the sales of 1,000 properties provided by the MLIT Japan.

JR Rikuu East Line Home market value list

StationsAverage Trading PriceAverage Unit Price
Kogota13,620,408 JPY111,270 JPY/sq.m
Kitaura12,873,913 JPY92,380 JPY/sq.m
Rikuzennyachi22,200,000 JPY166,354 JPY/sq.m
Furukawa22,797,550 JPY146,545 JPY/sq.m
Tsukanome22,918,628 JPY167,877 JPY/sq.m
Nishifurukawa11,878,378 JPY79,212 JPY/sq.m
Higashioosaki13,200,000 JPY59,848 JPY/sq.m
Iwadeyama8,673,529 JPY63,217 JPY/sq.m
Kaminome5,240,000 JPY52,367 JPY/sq.m
Kawatabionnsenn4,392,857 JPY39,983 JPY/sq.m
Narukogotennyu6,350,000 JPY54,450 JPY/sq.m
Narukoonnsenn22,029,375 JPY35,129 JPY/sq.m
Nakayamadairaonnsenn18,726,667 JPY61,719 JPY/sq.m

JR Rikuu East Line Railway market report

2017. Jan Jun
 14 tradings
2016. Jan Sep
 81 tradings
2015. Jan Dec
 77 tradings
2014. Jan Dec
 66 tradings
2013. Jan Dec
 120 tradings
--2Q
5
--3Q
31
2Q
23
1Q
27
4Q
20
3Q
23
2Q
17
1Q
17
4Q
17
3Q
16
2Q
10
1Q
23
4Q
24
3Q
36
2Q
28
1Q
32
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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 New207,322 JPY/sq.m100 %
Residual Value (10 Years)147,122 JPY/sq.m71 %
Residual Value (20 Years)103,448 JPY/sq.m50 %
Residual Value (20 Years)76,301 JPY/sq.m37 %
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 Rikuu East 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 Rikuu East 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 in JR Rikuu East 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 middle total floor space for a DINKS or an old age households less than 60 sq.m, as well as a dramatic increase in transactions involving relatively old buildings under 40 years old.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 17.3 years old in 2016 and 26.9 years old in 2017; +55.6%)
  • A dramatic increase in average distance from the station (representing 29.7 min in 2016 and 37.1 min in 2017; +24.6%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 23.5% of total transactions in 2016 and 50.0% of total transactions in 2017)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 47.1% of total transactions in 2016 and 30.0% of total transactions in 2017)
The table below shows Home dealt in Miyagi JR JR Rikuu East 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 Rikuu East 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 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
JR Kesennuma Line Kesennnuma (192) [Stations]11,000,00083,33327.7 yrs30 min290 sq.m
JR JR Ofunato BRT line (226) [Stations]11,000,00083,33327.7 yrs30 min290 sq.m
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