Miyagi Shibata-Gun Home market overview [Show ]
The average price of a sq.m Home of Miyagi Shibata-Gun, in 2017 was 122,929 JPY/sq.m. The market value represents a decrease of 33,536 JPY (-21.4%) compared to 1 year ago and a transition to a dramatic market. 18 properties exchanged hands ( The market value represents a decrease of 20 (-52.6%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 14.9 years old (a +9.8% increase compared to the 13.6 years old of last year.). The average size of the real estate was 324.4 sq.m (a -6.3% decrease compared to the 346.3 sq.m of last year.). The average total floor space of the real estate was 109.7 sq.m (a -29.0% 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
- An increase in transactions involving nearly new buildings under 3 years old (representing 43.2% of total transactions in 2016 and 50.0% of total transactions in 2017)
- 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)
Causes of price decreases
- A dramatic increase in average distance from the station (representing 30.2 min in 2016 and 47.4 min in 2017; +56.9%)
- A dramatic increase in transactions involving older buildings over 40 years old (representing 8.1% of total transactions in 2016 and 16.7% of total transactions in 2017)
In accordance with the aging of buildings, the area whose values were most likely to decline was the Murata-Machi at -51.0% (The rate of decline after 30 years). On the other hand, market values along the Shibata-Machi was the most resistant to decline at -40.0% (The same rate).Data regarding the market value and its changes of Home in Shibata-Gun were calculated using data on the sales of 607 properties provided by the MLIT Japan.
|Area||Average Trading Price||Average Unit Price|
|Ogawara-Machi||15,104,000 JPY||133,128 JPY/sq.m|
|Murata-Machi||55,441,936 JPY||96,264 JPY/sq.m|
|Shibata-Machi [Utilization ]||19,216,304 JPY||149,249 JPY/sq.m|
|Kawasaki-Machi||17,022,222 JPY||90,683 JPY/sq.m|