Miyagi Shibata-Gun Home market overview [Show ]

The average price of a sq.m Home of Miyagi Shibata-Gun, in 2017 was 124,479 JPY/sq.m. The market value represents a decrease of 31,986 JPY (-20.4%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 29 (-76.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 12.4 years old (a -9.1% decrease compared to the 13.6 years old of last year.). The average size of the real estate was 273.9 sq.m (a -20.9% decrease compared to the 346.3 sq.m of last year.). The average total floor space of the real estate was 113.3 sq.m (a -26.6% decrease compared to the 154.5 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, as well as a dramatic increase in transactions involving relatively large size more than 100 sq.m.

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 27.0% of total transactions in 2016 and 11.1% of total transactions in 2017)
  • A slight increase in transactions involving nearly new buildings under 3 years old (representing 43.2% of total transactions in 2016 and 44.4% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 8.1% of total transactions in 2016 and 11.1% of total transactions in 2017)

The highest Home market value is Shibata-Machi at 159,487 JPY/sq.m. On the other hand, those with the lowest market value is Murata-Machi at 75,862 JPY/sq.m.

In accordance with the aging of buildings, the area whose values were most likely to decline was the Murata-Machi at -50.7% (The rate of decline after 30 years). On the other hand, market values along the Shibata-Machi was the most resistant to decline at -38.9% (The same rate).

Data regarding the market value and its changes of Home in Shibata-Gun were calculated using data on the sales of 598 properties provided by the MLIT Japan.

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