Tohoku Shinkansen Home average value

Price 52,005,494 JPY
  (195,164 JPY/sq.m)
- Age 17.8 years old
- Dist. from Sta. 40.4 min walk
- Property area 404.0 sq.m
- Total floor area 265.5 sq.m

The average price of a sq.m Home of Miyagi Shinkansen Tohoku Shinkansen, in 2017 was 136,466 JPY/sq.m. The market value represents a decrease of 11,463 JPY (-7.7%) compared to 1 year ago and a transition to a bear market. 12 properties exchanged hands ( The market value represents a decrease of 57 (-82.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 25.0 years old (a +55.2% increase compared to the 16.1 years old of last year.). The average size of the real estate was 244.2 sq.m (a -38.8% decrease compared to the 399.1 sq.m of last year.). The average total floor space of the real estate was 295.4 sq.m (a +17.3% increase compared to the 251.9 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 locations less than ten minutes by foot from the station.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.1 years old in 2016 and 25.0 years old in 2017; +55.2%)
  • An increase in average distance from the station (representing 39.8 min in 2016 and 45.7 min in 2017; +14.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2016 and 58.3% of total transactions in 2017)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 40.0% 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 1,246 properties provided by the MLIT Japan.

Tohoku Shinkansen Home market value list

StationsAverage Trading PriceAverage Unit Price
Shiroishizao23,233,333 JPY147,971 JPY/sq.m
Sendai103,443,333 JPY312,117 JPY/sq.m
Furukawa22,797,550 JPY146,545 JPY/sq.m
Kurikoma-Kogen17,024,468 JPY72,698 JPY/sq.m

Tohoku Shinkansen Railway market report

2017. Jan Jun
 12 tradings
2016. Jan Sep
 69 tradings
2015. Jan Dec
 90 tradings
2014. Jan Dec
 91 tradings
2013. Jan Dec
 142 tradings
--2Q
5
--3Q
30
2Q
13
1Q
26
4Q
16
3Q
28
2Q
13
1Q
33
4Q
24
3Q
24
2Q
16
1Q
27
4Q
35
3Q
38
2Q
33
1Q
36
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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 New264,616 JPY/sq.m100 %
Residual Value (10 Years)184,439 JPY/sq.m70 %
Residual Value (20 Years)134,506 JPY/sq.m51 %
Residual Value (20 Years)114,817 JPY/sq.m43 %
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
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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.

{{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 Tohoku Shinkansen

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 old buildings under 40 years old, as well as a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.1 years old in 2016 and 25.0 years old in 2017; +55.2%)
  • An increase in average distance from the station (representing 39.8 min in 2016 and 45.7 min in 2017; +14.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2016 and 58.3% of total transactions in 2017)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 40.0% 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 (1,246) [Stations]21,000,000158,82317.3 yrs30 min230 sq.m
Tohoku Shinkansen Furukawa (499) [Stations]18,000,000141,93511.1 yrs29 min220 sq.m
Tohoku Shinkansen Sendai (567) [Stations]35,000,000266,66614.6 yrs30 min220 sq.m
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