The average price of a sq.m Apartment of Fukushima Abukuma Express Line, in 2017 was 166,344 JPY/sq.m. The market value represents a decrease of 83,746 JPY (-33.5%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 17 (-73.9%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 29.9 years old (a +48.3% increase compared to the 20.2 years old of last year.). The average size of the real estate was 50.8 sq.m (a -17.1% decrease compared to the 61.3 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 20.2 years old in 2016 and 29.9 years old in 2017; +48.3%)
- An increase in average distance from the station (representing 16.9 min in 2016 and 20.2 min in 2017; +19.2%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 59.1% of total transactions in 2016 and 83.3% of total transactions in 2017)
Fukushima Abukuma Express Line (323)