Miyagi Igu-Gun Home market overview [Show ]

The average price of a sq.m Home of Miyagi Igu-Gun, in 2017 was 25,796 JPY/sq.m. The market value represents an increase of 8,784 JPY (+51.6%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 1 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 40.7 years old (a -7.2% decrease compared to the 43.9 years old of last year.). The average size of the real estate was 475.0 sq.m (a -60.0% decrease compared to the 1186.7 sq.m of last year.). The average total floor space of the real estate was 127.5 sq.m (a -83.3% decrease compared to the 765.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an increase in transactions involving older buildings over 40 years old.

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2016 and 25.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 24.7 min in 2016 and 60.0 min in 2017; +143.2%)
  • An increase in transactions involving older buildings over 40 years old (representing 66.7% of total transactions in 2016 and 75.0% of total transactions in 2017)
Data regarding the market value and its changes of Home in Igu-Gun were calculated using data on the sales of 43 properties provided by the MLIT Japan.

Value:
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Market value

AreaAverage Trading PriceAverage Unit Price
Marumori-Machi12,254,419 JPY72,229 JPY/sq.m