The average price of a sq.m Apartment of Fukushima Koriyama-Shi, in 2017 was 177,535 JPY/sq.m. The market value represents a decrease of 6,818 JPY (-3.7%) compared to 1 year ago and a transition to a some market. 30 properties exchanged hands ( The market value represents a decrease of 35 (-53.8%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 25.1 years old (a +13.9% increase compared to the 22.0 years old of last year.). The average size of the real estate was 60.2 sq.m (a -3.4% decrease compared to the 62.3 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was an increase in transactions involving relatively old buildings under 40 years old.
Causes of price decreases
- An increase in average age of the building (representing 22.0 years old in 2016 and 25.1 years old in 2017; +13.9%)
- An increase in transactions involving relatively old buildings under 40 years old (representing 58.7% of total transactions in 2016 and 70.0% of total transactions in 2017)
The highest Apartment market value is 駅前 at 393,750 JPY/sq.m. On the other hand, those with the lowest market value is 麓山 at 80,000 JPY/sq.m.
Data regarding the market value and its changes of Apartment in Koriyama-Shi were calculated using data on the sales of 612 properties provided by the MLIT Japan.