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 25,075 JPY (+21.5%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents a decrease of 17 (-63.0%) 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 -50.6% decrease compared to the 20.5 years old of last year.). The average size of the real estate was 439.0 sq.m (a -8.8% decrease compared to the 481.5 sq.m of last year.). The average total floor space of the real estate was 120.0 sq.m (a -14.3% decrease compared to the 140.0 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 20.5 years old in 2016 and 10.1 years old in 2017; -50.6%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 40.0% 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 28.0% 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 17.0 min in 2016 and 21.8 min in 2017; +28.5%)
  • A some decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 11.1% of total transactions in 2016 and 10.0% 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 Misato-Machi at -58.0% (The rate of decline after 30 years). On the other hand, market values along the Wakuya-Cho was the most resistant to decline at -55.0% (The same rate).

Data regarding the market value and its changes of Home in Toda-Gun were calculated using data on the sales of 238 properties provided by the MLIT Japan.

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Market value

AreaAverage Trading PriceAverage Unit Price
Wakuya-Cho10,363,333 JPY83,956 JPY/sq.m
Misato-Machi14,240,000 JPY112,468 JPY/sq.m