The average price of a sq.m Apartment of Fukushima Iwaki-Shi, in 2017 was 290,909 JPY/sq.m. The market value represents an increase of 33,490 JPY (+13.0%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands ( The market value represents a decrease of 14 (-93.3%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 9.3 years old (a -51.1% decrease compared to the 18.9 years old of last year.). The average size of the real estate was 55.0 sq.m (a -1.8% decrease compared to the 56.0 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving new buildings under 10 years old.
Cause of price increases
- A dramatic decrease in average age of the building (representing 18.9 years old in 2016 and 9.3 years old in 2017; -51.1%)
Causes of price decreases
- A dramatic increase in average distance from the station (representing 17.5 min in 2016 and 60.0 min in 2017; +243.5%)
The highest Apartment market value is 平 at 309,090 JPY/sq.m. On the other hand, those with the lowest market value is 四倉町 at 128,888 JPY/sq.m.
In accordance with the aging of buildings, the area whose values were most likely to decline was the 平六町目 at -58.3% (The rate of decline after 30 years). On the other hand, market values along the 四倉町 was the most resistant to decline at -38.9% (The same rate).
Data regarding the market value and its changes of Apartment in Iwaki-Shi were calculated using data on the sales of 128 properties provided by the MLIT Japan.