Fukushima JR Apartment market overview [Show ]
The average price of a sq.m Apartment of Fukushima JR, in 2017 was 190,591 JPY/sq.m. The market value represents a decrease of 15,495 JPY (-7.5%) compared to 1 year ago and a transition to a bear market. 29 properties exchanged hands ( The market value represents a decrease of 67 (-69.8%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 24.4 years old (a +15.0% increase compared to the 21.3 years old of last year.). The average size of the real estate was 56.4 sq.m (a -4.6% decrease compared to the 59.1 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, as well as a dramatic increase in transactions involving small size for a single person households less than 30 sq.m.
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 1.0% of total transactions in 2016 and 3.4% of total transactions in 2017)
Causes of price decreases
- An increase in average age of the building (representing 21.3 years old in 2016 and 24.4 years old in 2017; +15.0%)
- An increase in average distance from the station (representing 20.1 min in 2016 and 22.6 min in 2017; +12.4%)
- An increase in transactions involving relatively old buildings under 40 years old (representing 60.2% of total transactions in 2016 and 71.4% of total transactions in 2017)
- A dramatic increase in transactions involving older buildings over 40 years old (representing 4.3% of total transactions in 2016 and 7.1% of total transactions in 2017)
In accordance with the aging of buildings, the stations whose values were most likely to decline was the JR Tohoku Main Line at -56.0% (The rate of decline after 30 years). On the other hand, market values along the JR Tadami Line was the most resistant to decline at -36.0% (The same rate).Data regarding the market value and its changes of Apartment in JR were calculated using data on the sales of 1,150 properties provided by the MLIT Japan.
|Stations||Average Trading Price||Average Unit Price|
|JR Tadami Line [Utilization ]||13,872,727 JPY||218,408 JPY/sq.m|
|JR Ou Main Line [Utilization ]||14,724,096 JPY||235,049 JPY/sq.m|
|JR Joban Line [Utilization ]||16,450,000 JPY||261,783 JPY/sq.m|
|JR Tohoku Main Line [Utilization ]||12,790,385 JPY||199,438 JPY/sq.m|
|JR Suigun Line [Utilization ]||22,250,000 JPY||260,292 JPY/sq.m|
|JR Ban'etsu East Line [Utilization ]||12,520,513 JPY||194,972 JPY/sq.m|
|JR Ban'etsu West Line [Utilization ]||12,013,776 JPY||186,835 JPY/sq.m|