Miyagi Kakuda-Shi Home market overview [Show ]

The average price of a sq.m Home of Miyagi Kakuda-Shi, in 2017 was 111,428 JPY/sq.m. The market value represents a decrease of 40,636 JPY (-26.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 13 (-81.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 15.1 years old (a +13.4% increase compared to the 13.3 years old of last year.). The average size of the real estate was 780.0 sq.m (a +80.9% increase compared to the 431.2 sq.m of last year.). The average total floor space of the real estate was 403.3 sq.m (a +269.8% increase compared to the 109.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 23.4 min in 2016 and 12.3 min in 2017; -47.2%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 6.2% of total transactions in 2016 and 33.3% of total transactions in 2017)

Causes of price decreases

  • An increase in average age of the building (representing 13.3 years old in 2016 and 15.1 years old in 2017; +13.4%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 6.7% of total transactions in 2016 and 33.3% of total transactions in 2017)

The highest Home market value is 角田 at 142,857 JPY/sq.m. On the other hand, those with the lowest market value is 枝野 at 25,862 JPY/sq.m.

Data regarding the market value and its changes of Home in Kakuda-Shi were calculated using data on the sales of 147 properties provided by the MLIT Japan.

Value:

Unit:

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Market value

AreaAverage Trading PriceAverage Unit Price
角田12,923,810 JPY135,091 JPY/sq.m
梶賀16,405,263 JPY123,441 JPY/sq.m
11,630,769 JPY98,546 JPY/sq.m
横倉14,572,727 JPY97,209 JPY/sq.m
佐倉9,428,571 JPY61,448 JPY/sq.m
尾山7,242,857 JPY76,871 JPY/sq.m
高倉9,250,000 JPY73,473 JPY/sq.m
枝野4,350,000 JPY32,032 JPY/sq.m

Area

Miyagi Kakuda-Shi (147)

角田 (69)

梶賀 (19)

(13)

横倉 (11)

佐倉 (7)

尾山 (7)

高倉 (4)

枝野 (4)