Fukushima JR Ban'etsu West Line Apartment market overview [Show ]
The average price of a sq.m Apartment of Fukushima JR JR Ban'etsu West Line, in 2017 was 191,820 JPY/sq.m. The market value represents an increase of 16,103 JPY (+9.2%) compared to 1 year ago and a transition to a strong market. 20 properties exchanged hands ( The market value represents a decrease of 37 (-64.9%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 24.3 years old (a +8.9% increase compared to the 22.3 years old of last year.). The average size of the real estate was 56.8 sq.m (a -5.0% decrease compared to the 59.7 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving small size for a single person households less than 30 sq.m, as well as a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.
Cause of price increases
- A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.8% of total transactions in 2016 and 5.0% of total transactions in 2017)
- A dramatic decrease in transactions involving older buildings over 40 years old (representing 7.3% of total transactions in 2016 and 5.0% of total transactions in 2017)
Causes of price decreases
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 61.8% of total transactions in 2016 and 75.0% of total transactions in 2017)
In accordance with the aging of buildings, the stations whose values were most likely to decline was the Koriyama at -55.0% (The rate of decline after 30 years). On the other hand, market values along the Aiduwakamatsu was the most resistant to decline at -36.0% (The same rate).Data regarding the market value and its changes of Apartment in JR Ban'etsu West Line were calculated using data on the sales of 671 properties provided by the MLIT Japan.
|Stations||Average Trading Price||Average Unit Price|
|Koriyama [Utilization ]||11,778,736 JPY||182,843 JPY/sq.m|
|Aiduwakamatsu [Utilization ]||13,872,727 JPY||218,408 JPY/sq.m|