Miyagi Igu-Gun Home market overview [Show ]

The average price of a sq.m Home of Miyagi Igu-Gun, in 2016 was 13,333 JPY/sq.m. The market value represents a decrease of 41,160 JPY (-75.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 43.4 years old (a -10.6% decrease compared to the 48.5 years old of last year.). The average size of the real estate was 1600.0 sq.m (a +247.8% increase compared to the 460.0 sq.m of last year.). The average total floor space of the real estate was 1075.0 sq.m (a +604.9% increase compared to the 152.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving older buildings over 40 years old.

Cause of price increases

  • An decrease in average age of the building (representing 48.5 years old in 2015 and 43.4 years old in 2016; -10.6%)
  • An decrease in average distance from the station (representing 24.5 min in 2015 and 22.0 min in 2016; -10.2%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 100.0% of total transactions in 2015 and 50.0% of total transactions in 2016)
Data regarding the market value and its changes of Home in Igu-Gun were calculated using data on the sales of 39 properties provided by the MLIT Japan.

Value:

Unit:

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Market value

AreaAverage Trading PriceAverage Unit Price
Marumori-Machi13,134,359 JPY77,249 JPY/sq.m