JR Rikuu East Line Home average value

Price 20,185,912 JPY
  (122,830 JPY/sq.m)
- Age 20.6 years old
- Dist. from Sta. 31.3 min walk
- Property area 437.1 sq.m
- Total floor area 181.6 sq.m

The average price of a sq.m Home of Miyagi JR JR Rikuu East Line, in 2017 was 139,959 JPY/sq.m. The market value represents an increase of 10,035 JPY (+7.7%) compared to 1 year ago and a transition to a strong market. 41 properties exchanged hands ( The market value represents a decrease of 40 (-49.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.4 years old (a +0.7% increase compared to the 17.3 years old of last year.). The average size of the real estate was 390.9 sq.m (a -7.7% decrease compared to the 423.3 sq.m of last year.). The average total floor space of the real estate was 137.0 sq.m (a -25.1% 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 relatively old buildings under 40 years old, 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 29.7 min in 2016 and 26.6 min in 2017; -10.6%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 17.6% of total transactions in 2016 and 11.4% of total transactions in 2017)
  • A some increase in transactions involving nearly new buildings under 3 years old (representing 47.1% of total transactions in 2016 and 48.6% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 23.5% of total transactions in 2016 and 34.3% of total transactions in 2017)
  • A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 7.4% of total transactions in 2016 and 7.3% 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 1,027 properties provided by the MLIT Japan.

JR Rikuu East Line Home market value list

StationsAverage Trading PriceAverage Unit Price
Kogota14,448,000 JPY120,681 JPY/sq.m
Kitaura12,873,913 JPY92,380 JPY/sq.m
Rikuzennyachi22,200,000 JPY166,354 JPY/sq.m
Furukawa23,015,032 JPY152,620 JPY/sq.m
Tsukanome22,918,628 JPY167,877 JPY/sq.m
Nishifurukawa11,565,790 JPY80,011 JPY/sq.m
Higashioosaki13,200,000 JPY59,848 JPY/sq.m
Iwadeyama8,940,000 JPY61,921 JPY/sq.m
Kaminome5,240,000 JPY52,367 JPY/sq.m
Kawatabionnsenn4,392,857 JPY39,983 JPY/sq.m
Narukogotennyu6,500,000 JPY54,522 JPY/sq.m
Narukoonnsenn20,830,588 JPY34,076 JPY/sq.m
Nakayamadairaonnsenn18,726,667 JPY61,719 JPY/sq.m

JR Rikuu East Line Railway market report

2018 2017. Jan - Jun
 14 tradings
2016. Jan - Sep
 81 tradings
2015. Jan - Dec
 77 tradings
2014. Jan - Dec
 66 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

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 New209,404 JPY/sq.m100 %
Residual Value (10 Years)148,701 JPY/sq.m71 %
Residual Value (20 Years)104,716 JPY/sq.m50 %
Residual Value (20 Years)77,450 JPY/sq.m37 %
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
{{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.

{{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

Past Home sales data, with similarly entered ages, area, and distances from station are as follows.

Related sales({{similarlist.length}})

1. Miyagi Osaki-Shi 古川西館Osaki-Shi Furukawa 29.0 min walk)
22.5 years old , Area: 240 sq.m , Total floor area: 100 sq.m , Structure: 木造
- Trading date: 2014-09-01T00:00:00Z
Trading price:   17,000,000 JPY,    Unit price:   170,000 JPY/sq.m
2. Miyagi Osaki-Shi 古川稲葉Osaki-Shi Furukawa 30.0 min walk)
22.0 years old , Area: 270 sq.m , Total floor area: 120 sq.m , Structure: 木造
- Trading date: 2015-03-01T00:00:00Z
Trading price:   10,000,000 JPY,    Unit price:   83,333 JPY/sq.m
3. Miyagi Osaki-Shi 古川稲葉Osaki-Shi Furukawa 30.0 min walk)
21.3 years old , Area: 260 sq.m , Total floor area: 170 sq.m , Structure: 木造
- Trading date: 2012-06-01T00:00:00Z
Trading price:   9,400,000 JPY,    Unit price:   55,294 JPY/sq.m
4. Miyagi Osaki-Shi 古川稲葉Osaki-Shi Furukawa 30.0 min walk)
22.5 years old , Area: 230 sq.m , Total floor area: 120 sq.m , Structure: 木造
- Trading date: 2015-09-01T00:00:00Z
Trading price:   12,000,000 JPY,    Unit price:   100,000 JPY/sq.m
5. Miyagi Osaki-Shi 古川大宮Osaki-Shi Tsukanome 30.0 min walk)
23.3 years old , Area: 270 sq.m , Total floor area: 125 sq.m , Structure: 鉄骨造
- Trading date: 2007-06-01T00:00:00Z
Trading price:   13,000,000 JPY,    Unit price:   104,000 JPY/sq.m
6. Miyagi Osaki-Shi 古川福浦Osaki-Shi Furukawa 30.0 min walk)
19.8 years old , Area: 240 sq.m , Total floor area: 120 sq.m , Structure: 木造
- Trading date: 2009-12-01T00:00:00Z
Trading price:   13,000,000 JPY,    Unit price:   108,333 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 old buildings under 40 years old, 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 29.7 min in 2016 and 26.6 min in 2017; -10.6%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 17.6% of total transactions in 2016 and 11.4% of total transactions in 2017)
  • A some increase in transactions involving nearly new buildings under 3 years old (representing 47.1% of total transactions in 2016 and 48.6% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 23.5% of total transactions in 2016 and 34.3% of total transactions in 2017)
  • A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 7.4% of total transactions in 2016 and 7.3% 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 Ōfunato Line Kesennnuma (193) [Stations]11,500,00085,55527.7 yrs30 min295 sq.m
    JR Ofunato BRT line Kesennnuma (193) [Stations]11,500,00085,55527.7 yrs30 min295 sq.m
    JR Kesennuma Line Kesennnuma (193) [Stations]11,500,00085,55527.7 yrs30 min295 sq.m
    JR JR Ofunato BRT line (227) [Stations]11,500,00085,55527.7 yrs30 min295 sq.m
    JR JR Ōfunato Line (227) [Stations]11,500,00085,55527.7 yrs30 min295 sq.m
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