Miyagi Kurokawa-Gun Home market overview [Show ]
The average price of a sq.m Home of Miyagi Kurokawa-Gun, in 2017 was 206,729 JPY/sq.m. The market value represents a decrease of 16,029 JPY (-7.2%) compared to 1 year ago and a transition to a bear market. 10 properties exchanged hands ( The market value represents a decrease of 63 (-86.3%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 16.5 years old (a +6.2% increase compared to the 15.5 years old of last year.). The average size of the real estate was 722.0 sq.m (a +48.4% increase compared to the 486.4 sq.m of last year.). The average total floor space of the real estate was 213.5 sq.m (a +3.0% increase compared to the 207.3 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old.
Causes of price decreases
- A dramatic increase in average distance from the station (representing 85.5 min in 2016 and 105.0 min in 2017; +22.8%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 31.3% of total transactions in 2016 and 55.6% of total transactions in 2017)
In accordance with the aging of buildings, the area whose values were most likely to decline was the Osato-Cho at -56.0% (The rate of decline after 30 years). On the other hand, market values along the Taiwa-Cho was the most resistant to decline at -46.0% (The same rate).Data regarding the market value and its changes of Home in Kurokawa-Gun were calculated using data on the sales of 1,014 properties provided by the MLIT Japan.
|Area||Average Trading Price||Average Unit Price|
|Taiwa-Cho||44,440,625 JPY||185,115 JPY/sq.m|
|Osato-Cho||16,164,800 JPY||46,864 JPY/sq.m|
|Ohira-Mura||35,063,333 JPY||127,514 JPY/sq.m|