Fukushima JR Tohoku Main Line Apartment market overview [Show ]
The average price of a sq.m Apartment of Fukushima JR JR Tohoku Main Line, in 2017 was 184,603 JPY/sq.m. The market value represents a decrease of 13,529 JPY (-6.8%) compared to 1 year ago and a transition to a bear market. 26 properties exchanged hands ( The market value represents a decrease of 48 (-64.9%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 25.2 years old (a +15.7% increase compared to the 21.8 years old of last year.). The average size of the real estate was 57.5 sq.m (a -4.3% decrease compared to the 60.1 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.
Causes of price decreases
- An increase in average age of the building (representing 21.8 years old in 2016 and 25.2 years old in 2017; +15.7%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 62.0% of total transactions in 2016 and 76.0% of total transactions in 2017)
In accordance with the aging of buildings, the stations whose values were most likely to decline was the Minamifukushima at -70.0% (The rate of decline after 30 years). On the other hand, market values along the Fukushima was the most resistant to decline at -54.0% (The same rate).Data regarding the market value and its changes of Apartment in JR Tohoku Main Line were calculated using data on the sales of 921 properties provided by the MLIT Japan.
|Stations||Average Trading Price||Average Unit Price|
|Asakanagamori [Utilization ]||22,250,000 JPY||260,292 JPY/sq.m|
|Koriyama [Utilization ]||11,778,736 JPY||182,843 JPY/sq.m|
|Minamifukushima [Utilization ]||7,661,538 JPY||121,389 JPY/sq.m|
|Fukushima [Utilization ]||14,818,293 JPY||236,208 JPY/sq.m|