Miyagi Kurokawa-Gun Home market overview [Show ]

The average price of a sq.m Home of Miyagi Kurokawa-Gun, in 2017 was 138,874 JPY/sq.m. The market value represents a decrease of 97,309 JPY (-41.2%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 55 (-91.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.4 years old (a +28.2% increase compared to the 15.1 years old of last year.). The average size of the real estate was 630.0 sq.m (a +35.0% increase compared to the 466.8 sq.m of last year.). The average total floor space of the real estate was 259.0 sq.m (a +21.9% increase compared to the 212.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 15.1 years old in 2016 and 19.4 years old in 2017; +28.2%)
  • A dramatic increase in average distance from the station (representing 78.5 min in 2016 and 102.0 min in 2017; +29.9%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 30.4% of total transactions in 2016 and 60.0% of total transactions in 2017)

The highest Home market value is Taiwa-Cho at 165,625 JPY/sq.m. On the other hand, those with the lowest market value is Osato-Cho at 27,006 JPY/sq.m.

In accordance with the aging of buildings, the area whose values were most likely to decline was the Osato-Cho at -64.2% (The rate of decline after 30 years). On the other hand, market values along the Taiwa-Cho was the most resistant to decline at -47.5% (The same rate).

Data regarding the market value and its changes of Home in Kurokawa-Gun were calculated using data on the sales of 1,005 properties provided by the MLIT Japan.

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