Tohoku Shinkansen Home average value
Price 52,005,494 JPY
- 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)
Tohoku Shinkansen Home market value list
|Stations||Average Trading Price||Average Unit Price|
|Shiroishizao||23,233,333 JPY||147,971 JPY/sq.m|
|Sendai||103,443,333 JPY||312,117 JPY/sq.m|
|Furukawa||22,797,550 JPY||146,545 JPY/sq.m|
|Kurikoma-Kogen||17,024,468 JPY||72,698 JPY/sq.m|