Miyagi Toda-Gun Home market overview [Show ]

The average price of a sq.m Home of Miyagi Toda-Gun, in 2017 was 141,629 JPY/sq.m. The market value represents an increase of 5,291 JPY (+3.9%) compared to 1 year ago and a transition to a some market. 10 properties exchanged hands ( The market value represents a decrease of 9 (-47.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 10.1 years old (a -42.7% decrease compared to the 17.7 years old of last year.). The average size of the real estate was 439.0 sq.m (a +3.4% increase compared to the 424.7 sq.m of last year.). The average total floor space of the real estate was 120.0 sq.m (a -0.2% decrease compared to the 120.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m, as well as a dramatic increase in transactions involving nearly new buildings under 3 years old.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 17.7 years old in 2016 and 10.1 years old in 2017; -42.7%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 52.9% of total transactions in 2016 and 75.0% of total transactions in 2017)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 29.4% of total transactions in 2016 and 12.5% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 14.6 min in 2016 and 21.8 min in 2017; +49.0%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 15.8% of total transactions in 2016 and 10.0% of total transactions in 2017)
  • A some increase in transactions involving older buildings over 40 years old (representing 11.8% of total transactions in 2016 and 12.5% of total transactions in 2017)

The highest Home market value is Misato-Machi at 76,923 JPY/sq.m. On the other hand, those with the lowest market value is Wakuya-Cho at 68,571 JPY/sq.m.

In accordance with the aging of buildings, the area whose values were most likely to decline was the Wakuya-Cho at -66.0% (The rate of decline after 30 years). On the other hand, market values along the Misato-Machi was the most resistant to decline at -54.0% (The same rate).

Data regarding the market value and its changes of Home in Toda-Gun were calculated using data on the sales of 234 properties provided by the MLIT Japan.

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Market value

AreaAverage Trading PriceAverage Unit Price
Wakuya-Cho10,139,286 JPY84,276 JPY/sq.m
Misato-Machi13,994,643 JPY111,587 JPY/sq.m