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 159,372 JPY/sq.m. The market value represents an increase of 15,338 JPY (+10.6%) compared to 1 year ago and a transition to a bull market. 30 properties exchanged hands ( The market value represents a decrease of 29 (-49.2%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 10.6 years old (a -36.1% decrease compared to the 16.6 years old of last year.). The average size of the real estate was 408.8 sq.m (a -4.4% decrease compared to the 427.6 sq.m of last year.). The average total floor space of the real estate was 141.9 sq.m (a +4.0% 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 nearly new buildings under 3 years old.
Cause of price increases
- A dramatic decrease in average age of the building (representing 16.6 years old in 2016 and 10.6 years old in 2017; -36.1%)
- A dramatic decrease in average distance from the station (representing 27.0 min in 2016 and 18.1 min in 2017; -32.8%)
- A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 49.1% of total transactions in 2016 and 63.0% of total transactions in 2017)
- A dramatic increase 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 13.3% of total transactions in 2017)
In accordance with the aging of buildings, the stations whose values were most likely to decline was the Kamiwakuya at -68.0% (The rate of decline after 30 years). On the other hand, market values along the Watanoha was the most resistant to decline at +9.0% (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 953 properties provided by the MLIT Japan.
|Stations||Average Trading Price||Average Unit Price|
|Kogota||14,448,000 JPY||120,681 JPY/sq.m|
|Kamiwakuya||6,957,143 JPY||68,274 JPY/sq.m|
|Wakuya||10,830,435 JPY||85,973 JPY/sq.m|
|Maeyachi||25,062,500 JPY||126,739 JPY/sq.m|
|Kakeyama||21,139,024 JPY||167,457 JPY/sq.m|
|Kanomata||18,490,909 JPY||165,532 JPY/sq.m|
|Sobanokami||23,200,000 JPY||173,540 JPY/sq.m|
|Ishinomaki [Utilization ]||22,577,215 JPY||159,345 JPY/sq.m|
|Rikuzenninai||23,089,231 JPY||141,179 JPY/sq.m|
|Watanoha||15,672,000 JPY||127,386 JPY/sq.m|
|Manngokuura||59,138,636 JPY||150,454 JPY/sq.m|
|Urashuku||14,133,333 JPY||93,541 JPY/sq.m|
|Onagawa||8,087,500 JPY||58,859 JPY/sq.m|