Miyagi Igu-Gun Home market overview [Show ]
The average price of a sq.m Home of Miyagi Igu-Gun, in 2017 was 44,444 JPY/sq.m. The market value represents an increase of 31,111 JPY (+233.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 48.5 years old (a +11.8% increase compared to the 43.4 years old of last year.). The average size of the real estate was 290.0 sq.m (a -81.9% decrease compared to the 1600.0 sq.m of last year.). The average total floor space of the real estate was 135.0 sq.m (a -87.4% decrease compared to the 1075.0 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving older buildings over 40 years old.
Causes of price decreases
- An increase in average age of the building (representing 43.4 years old in 2016 and 48.5 years old in 2017; +11.8%)
- A dramatic increase in average distance from the station (representing 22.0 min in 2016 and 30.0 min in 2017; +36.4%)
- A dramatic increase in transactions involving older buildings over 40 years old (representing 50.0% of total transactions in 2016 and 100.0% of total transactions in 2017)
|Area||Average Trading Price||Average Unit Price|
|Marumori-Machi||12,956,000 JPY||76,385 JPY/sq.m|