Shinjo Home average value

Price 12,373,333 JPY
  (77,768 JPY/sq.m)
- Age 24.7 years old
- Dist. from Sta. 20.6 min walk
- Property area 446.3 sq.m
- Total floor area 220.8 sq.m

The average price of a sq.m Home of Yamagata JR Rikuu West Line Shinjo, in 2017 was 80,958 JPY/sq.m. The market value represents a decrease of 26,223 JPY (-24.5%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents a decrease of 11 (-57.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 29.3 years old (a +57.9% increase compared to the 18.5 years old of last year.). The average size of the real estate was 430.6 sq.m (a -20.5% decrease compared to the 541.6 sq.m of last year.). The average total floor space of the real estate was 190.0 sq.m (a -23.0% decrease compared to the 246.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving older buildings over 40 years old.

Cause of price increases

  • An decrease in average distance from the station (representing 22.4 min in 2016 and 19.4 min in 2017; -13.6%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.5 years old in 2016 and 29.3 years old in 2017; +57.9%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 10.5% of total transactions in 2016 and 25.0% of total transactions in 2017)
Data regarding the market value and its changes of Home in Shinjo were calculated using data on the sales of 210 properties provided by the MLIT Japan.

Shinjo Home transaction price list

areaTrading PriceUnit PriceStationDistance from the station
金沢5,000,000 JPY86,992 JPY/sq.mShinjo19 min
新町13,000,000 JPY268,595 JPY/sq.mShinjo21 min
城南町4,500,000 JPY185,950 JPY/sq.mShinjo18 min
石川町18,000,000 JPY220,383 JPY/sq.mShinjo18 min
宮内町8,000,000 JPY91,193 JPY/sq.mShinjo18 min
城南町9,500,000 JPY348,942 JPY/sq.mShinjo18 min
大字松本13,000,000 JPY373,696 JPY/sq.mShinjo18 min
大字松本8,100,000 JPY153,008 JPY/sq.mShinjo18 min

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 New129,086 JPY/sq.m100 %
Residual Value (10 Years)92,426 JPY/sq.m72 %
Residual Value (20 Years)65,588 JPY/sq.m51 %
Residual Value (20 Years)48,572 JPY/sq.m38 %
Color:
Unit:   Touch:



Home value Age transition. Market values in terms of Age.

Home value Age transition

Property Details:
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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 Shinjo 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 Shinjo 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.

1. Yamagata Shinjo-Shi 新町Shinjo-Shi Shinjo 21.0 min walk)
25.3 years old , Area: 380 sq.m , Total floor area: 160 sq.m , Structure: 木造
- Trading date: 2007-06-01T00:00:00Z

Trading price:   13,000,000 JPY,    Unit price:   81,250 JPY/sq.m

2. Yamagata Shinjo-Shi 宮内町Shinjo-Shi Shinjo 18.0 min walk)
26.8 years old , Area: 320 sq.m , Total floor area: 290 sq.m , Structure: RC、木造
- Trading date: 2013-12-01T00:00:00Z

Trading price:   8,000,000 JPY,    Unit price:   27,586 JPY/sq.m

3. Yamagata Shinjo-Shi 城南町Shinjo-Shi Shinjo 18.0 min walk)
24.8 years old , Area: 270 sq.m , Total floor area: 90 sq.m , Structure: 木造
- Trading date: 2011-12-01T00:00:00Z

Trading price:   9,500,000 JPY,    Unit price:   105,555 JPY/sq.m

4. Yamagata Shinjo-Shi 大字松本Shinjo-Shi Shinjo 18.0 min walk)
23.9 years old , Area: 300 sq.m , Total floor area: 115 sq.m , Structure: 木造
- Trading date: 2012-12-01T00:00:00Z

Trading price:   13,000,000 JPY,    Unit price:   113,043 JPY/sq.m

5. Yamagata Shinjo-Shi 大字鳥越Shinjo-Shi Shinjo 24.0 min walk)
29.8 years old , Area: 260 sq.m , Total floor area: 135 sq.m , Structure: 木造
- Trading date: 2011-12-01T00:00:00Z

Trading price:   5,300,000 JPY,    Unit price:   39,259 JPY/sq.m

6. Yamagata Shinjo-Shi 新町Shinjo-Shi Shinjo 21.0 min walk)
21.0 years old , Area: 370 sq.m , Total floor area: 195 sq.m , Structure: 木造
- Trading date: 2015-03-01T00:00:00Z

Trading price:   13,000,000 JPY,    Unit price:   66,666 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:



Home market value trends Market value trends for Home.

Home market value trends


Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving older buildings over 40 years old.

Cause of price increases

  • An decrease in average distance from the station (representing 22.4 min in 2016 and 19.4 min in 2017; -13.6%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.5 years old in 2016 and 29.3 years old in 2017; +57.9%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 10.5% of total transactions in 2016 and 25.0% of total transactions in 2017)
The table below shows Home dealt in Yamagata JR Rikuu West Line Shinjo, 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 Shinjo

    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 JR Rikuu West Line (311) [Stations]7,000,00045,00029.3 yrs20 min355 sq.m
    JR Rikuu West Line Amarume (69) [Stations]5,800,00043,58923.0 yrs18 min330 sq.m
    JR Rikuu West Line Kiyokawa (5) [Stations]3,500,00025,00015.4 yrs15 min260 sq.m
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