Miyagi JR Kesennuma Line Home market overview [Show ]

The average price of a sq.m Home of Miyagi JR JR Kesennuma Line, in 2017 was 108,459 JPY/sq.m. The market value represents an increase of 18,951 JPY (+21.2%) compared to 1 year ago and a transition to a dramatic market. 13 properties exchanged hands ( The market value represents a decrease of 25 (-65.8%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 28.4 years old (a -6.0% decrease compared to the 30.2 years old of last year.). The average size of the real estate was 608.5 sq.m (a +30.6% increase compared to the 466.1 sq.m of last year.). The average total floor space of the real estate was 166.2 sq.m (a +4.5% increase compared to the 159.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large total floor space more than 100 sq.m, as well as a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

Cause of price increases

  • An decrease in average distance from the station (representing 56.9 min in 2016 and 49.5 min in 2017; -13.0%)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 5.9% of total transactions in 2016 and 9.1% 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 5.3% of total transactions in 2016 and 7.7% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 29.4% of total transactions in 2016 and 36.4% of total transactions in 2017)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 11.8% of total transactions in 2016 and 9.1% of total transactions in 2017)

The highest Home market value is Maeyachi at 122,035 JPY/sq.m. On the other hand, those with the lowest market value is Nonodake at 14,285 JPY/sq.m.

Data regarding the market value and its changes of Home in JR Kesennuma Line were calculated using data on the sales of 492 properties provided by the MLIT Japan.

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Market value

StationsAverage Trading PriceAverage Unit Price
Maeyachi24,909,091 JPY125,383 JPY/sq.m
Wabuchi11,391,667 JPY34,608 JPY/sq.m
Nonodake4,060,000 JPY27,236 JPY/sq.m
Rikuzenntoyosato12,857,273 JPY75,272 JPY/sq.m
Yanaidu7,613,559 JPY52,619 JPY/sq.m
Shidugawa9,111,111 JPY40,823 JPY/sq.m
Motoyoshi23,100,000 JPY100,650 JPY/sq.m
Rikuzennhashikami11,055,556 JPY81,918 JPY/sq.m
Saichi17,441,667 JPY64,228 JPY/sq.m
Matsuiwa13,418,182 JPY106,307 JPY/sq.m
Minamikesennnuma24,300,000 JPY124,735 JPY/sq.m
Fudounosawa12,722,222 JPY92,743 JPY/sq.m
Kesennnuma17,891,781 JPY125,655 JPY/sq.m