The average price of a sq.m Apartment of Fukushima JR JR Tohoku Main Line, in 2017 was 166,610 JPY/sq.m. The market value represents a decrease of 31,523 JPY (-15.9%) compared to 1 year ago and a transition to a weak market. 13 properties exchanged hands ( The market value represents a decrease of 61 (-82.4%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 27.9 years old (a +28.0% increase compared to the 21.8 years old of last year.). The average size of the real estate was 50.8 sq.m (a -15.5% 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 small size for a single person households less than 30 sq.m.
Causes of price decreases
- A dramatic increase in average age of the building (representing 21.8 years old in 2016 and 27.9 years old in 2017; +28.0%)
- A dramatic increase in transactions involving older buildings over 40 years old (representing 5.6% of total transactions in 2016 and 15.4% of total transactions in 2017)
The highest Apartment market value is Asakanagamori at 252,404 JPY/sq.m. On the other hand, those with the lowest market value is Minamifukushima at 116,923 JPY/sq.m.
In accordance with the aging of buildings, the stations whose values were most likely to decline was the Minamifukushima at -69.4% (The rate of decline after 30 years). On the other hand, market values along the Fukushima was the most resistant to decline at -52.8% (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 908 properties provided by the MLIT Japan.