Tohoku Shinkansen Home average value

Price 55,648,161 JPY
  (170,734 JPY/sq.m)
- Age 17.9 years old
- Dist. from Sta. 41.1 min walk
- Property area 415.0 sq.m
- Total floor area 266.3 sq.m

The average price of a sq.m Home of Miyagi Shinkansen Tohoku Shinkansen, in 2017 was 144,627 JPY/sq.m. The market value represents a decrease of 9,122 JPY (-5.9%) compared to 1 year ago and a transition to a bear market. 54 properties exchanged hands ( The market value represents a decrease of 42 (-43.8%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.8 years old (a +34.2% increase compared to the 16.2 years old of last year.). The average size of the real estate was 450.9 sq.m (a +19.1% increase compared to the 378.6 sq.m of last year.). The average total floor space of the real estate was 239.9 sq.m (a +5.1% increase compared to the 228.3 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

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 2.4% of total transactions in 2016 and 3.8% of total transactions in 2017)
  • A slight decrease in transactions involving older buildings over 40 years old (representing 11.8% of total transactions in 2016 and 11.5% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.2 years old in 2016 and 21.8 years old in 2017; +34.2%)
  • An increase in average distance from the station (representing 39.7 min in 2016 and 46.1 min in 2017; +16.4%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.9% of total transactions in 2016 and 46.2% of total transactions in 2017)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 37.6% of total transactions in 2016 and 25.0% of total transactions in 2017)
Data regarding the market value and its changes of Home in Tohoku Shinkansen were calculated using data on the sales of 1,310 properties provided by the MLIT Japan.

Tohoku Shinkansen Home market value list

StationsAverage Trading PriceAverage Unit Price
Shiroishizao22,087,500 JPY141,172 JPY/sq.m
Sendai127,754,082 JPY241,980 JPY/sq.m
Furukawa22,220,064 JPY158,705 JPY/sq.m
Kurikoma-Kogen21,751,020 JPY84,707 JPY/sq.m

Tohoku Shinkansen Railway market report

2017. Jan - Dec
 54 tradings
2016. Jan - Dec
 96 tradings
2015. Jan - Dec
 90 tradings
2014. Jan - Dec
 91 tradings
4Q
17
3Q
25
2Q
5
1Q
7
4Q
27
3Q
30
2Q
13
1Q
26
4Q
16
3Q
28
2Q
13
1Q
33
4Q
24
3Q
24
2Q
16
1Q
27

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 New247,868 JPY/sq.m100 %
Residual Value (10 Years)184,532 JPY/sq.m74 %
Residual Value (20 Years)139,355 JPY/sq.m56 %
Residual Value (20 Years)112,339 JPY/sq.m45 %
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 Tohoku Shinkansen 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 Shinkansen Tohoku Shinkansen 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 Osaki-Shi 古川沢田Osaki-Shi Furukawa 30.0 min walk)
17.8 years old , Area: 220 sq.m , Total floor area: 100 sq.m , Structure: 木造
- Trading date: 2013-12-01T00:00:00Z
Trading price:   12,000,000 JPY,    Unit price:   120,000 JPY/sq.m
2. Miyagi Sendai-Shi Wakabayashi-Ku Taiwa-ChoSendai-Shi Sendai 30.0 min walk)
18.0 years old , Area: 240 sq.m , Total floor area: 180 sq.m , Structure: 木造
- Trading date: 2015-03-01T00:00:00Z
Trading price:   40,000,000 JPY,    Unit price:   222,222 JPY/sq.m
3. Miyagi Osaki-Shi 古川休塚Osaki-Shi Furukawa 30.0 min walk)
17.0 years old , Area: 230 sq.m , Total floor area: 120 sq.m , Structure: 木造
- Trading date: 2014-03-01T00:00:00Z
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

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 2.4% of total transactions in 2016 and 3.8% of total transactions in 2017)
  • A slight decrease in transactions involving older buildings over 40 years old (representing 11.8% of total transactions in 2016 and 11.5% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.2 years old in 2016 and 21.8 years old in 2017; +34.2%)
  • An increase in average distance from the station (representing 39.7 min in 2016 and 46.1 min in 2017; +16.4%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.9% of total transactions in 2016 and 46.2% of total transactions in 2017)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 37.6% of total transactions in 2016 and 25.0% of total transactions in 2017)
The table below shows Home dealt in Miyagi Shinkansen Tohoku Shinkansen, 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 Tohoku Shinkansen

    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
    Shinkansen (1,310) [Stations]21,000,000154,54517.5 yrs30 min230 sq.m
    Tohoku Shinkansen Shiroishizao (16) [Stations]19,000,000146,76017.5 yrs11 min245 sq.m
    Tohoku Shinkansen Sendai (583) [Stations]35,000,000225,80619.5 yrs30 min230 sq.m
    Tohoku Shinkansen Kurikoma-Kogen (177) [Stations]8,000,00058,97426.2 yrs60 min460 sq.m
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