Miyagi Kurokawa-Gun Home market overview [Show ]

The average price of a sq.m Home of Miyagi Kurokawa-Gun, in 2017 was 211,201 JPY/sq.m. The market value represents a decrease of 24,982 JPY (-10.6%) compared to 1 year ago and a transition to a weak market. 8 properties exchanged hands ( The market value represents a decrease of 52 (-86.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 18.2 years old (a +19.9% increase compared to the 15.1 years old of last year.). The average size of the real estate was 815.0 sq.m (a +74.6% increase compared to the 466.8 sq.m of last year.). The average total floor space of the real estate was 233.8 sq.m (a +10.0% 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 old buildings under 40 years old.

Causes of price decreases

  • An increase in average age of the building (representing 15.1 years old in 2016 and 18.2 years old in 2017; +19.9%)
  • A dramatic increase in average distance from the station (representing 78.5 min in 2016 and 105.0 min in 2017; +33.8%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 30.4% of total transactions in 2016 and 57.1% of total transactions in 2017)

The highest Home market value is Taiwa-Cho at 169,230 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 -64.0% (The rate of decline after 30 years). On the other hand, market values along the Taiwa-Cho was the most resistant to decline at -50.0% (The same rate).

Data regarding the market value and its changes of Home in Kurokawa-Gun were calculated using data on the sales of 1,008 properties provided by the MLIT Japan.

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Market value

AreaAverage Trading PriceAverage Unit Price
Taiwa-Cho [Utilization ]44,132,308 JPY215,233 JPY/sq.m
Osato-Cho16,380,000 JPY45,660 JPY/sq.m
Ohira-Mura35,063,333 JPY127,514 JPY/sq.m