Miyagi JR Ishimaki Line Home market overview [Show ]

The average price of a sq.m Home of Miyagi JR JR Ishimaki Line, in 2017 was 137,489 JPY/sq.m. The market value represents a decrease of 6,545 JPY (-4.5%) compared to 1 year ago and a transition to a some market. 16 properties exchanged hands ( The market value represents a decrease of 43 (-72.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 13.0 years old (a -21.4% decrease compared to the 16.6 years old of last year.). The average size of the real estate was 437.2 sq.m (a +2.2% increase compared to the 427.6 sq.m of last year.). The average total floor space of the real estate was 150.9 sq.m (a +10.6% increase compared to the 136.5 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 average age of the building (representing 16.6 years old in 2016 and 13.0 years old in 2017; -21.4%)
  • An decrease in average distance from the station (representing 27.0 min in 2016 and 24.1 min in 2017; -10.6%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 32.1% of total transactions in 2016 and 21.4% of total transactions in 2017)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 9.4% of total transactions in 2016 and 7.1% of total transactions in 2017)

Causes of price decreases

  • A some decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 6.8% of total transactions in 2016 and 6.2% of total transactions in 2017)

The highest Home market value is Kanomata at 204,545 JPY/sq.m. On the other hand, those with the lowest market value is Onagawa at 31,634 JPY/sq.m.

In accordance with the aging of buildings, the stations whose values were most likely to decline was the Kamiwakuya at -66.2% (The rate of decline after 30 years). On the other hand, market values along the Watanoha was the most resistant to decline at -19.4% (The same rate).

Data regarding the market value and its changes of Home in JR Ishimaki Line were calculated using data on the sales of 939 properties provided by the MLIT Japan.

Value:

Unit:

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Market value

StationsAverage Trading PriceAverage Unit Price
Kogota13,620,408 JPY111,270 JPY/sq.m
Kamiwakuya6,957,143 JPY68,274 JPY/sq.m
Wakuya10,444,000 JPY83,538 JPY/sq.m
Maeyachi25,062,500 JPY126,739 JPY/sq.m
Kakeyama21,139,024 JPY167,457 JPY/sq.m
Kanomata18,788,235 JPY172,328 JPY/sq.m
Sobanokami23,200,000 JPY173,540 JPY/sq.m
Ishinomaki [Land utilization ]22,834,568 JPY156,622 JPY/sq.m
Rikuzenninai23,471,667 JPY144,508 JPY/sq.m
Watanoha14,563,333 JPY120,434 JPY/sq.m
Manngokuura60,025,581 JPY150,454 JPY/sq.m
Urashuku14,133,333 JPY93,541 JPY/sq.m
Onagawa7,670,909 JPY55,696 JPY/sq.m