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 73,515 JPY/sq.m. The market value represents an increase of 8,037 JPY (+12.3%) compared to 1 year ago and a transition to a bull market. 4 properties exchanged hands ( The market value represents a decrease of 23 (-85.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 32.9 years old (a -12.7% decrease compared to the 37.6 years old of last year.). The average size of the real estate was 378.8 sq.m (a -30.4% decrease compared to the 544.4 sq.m of last year.). The average total floor space of the real estate was 188.8 sq.m (a +7.5% increase compared to the 175.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving recently constructed buildings under 6 years old.

Cause of price increases

  • An decrease in average age of the building (representing 37.6 years old in 2016 and 32.9 years old in 2017; -12.7%)
  • A dramatic decrease in average distance from the station (representing 51.3 min in 2016 and 25.0 min in 2017; -51.2%)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 4.2% of total transactions in 2016 and 33.3% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 50.0% of total transactions in 2016 and 66.7% of total transactions in 2017)

The highest Home market value is Maeyachi at 130,434 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 483 properties provided by the MLIT Japan.

Value:

Unit:

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Market value

StationsAverage Trading PriceAverage Unit Price
Maeyachi25,062,500 JPY126,739 JPY/sq.m
Wabuchi11,391,667 JPY34,608 JPY/sq.m
Nonodake4,060,000 JPY27,236 JPY/sq.m
Rikuzenntoyosato12,606,604 JPY72,129 JPY/sq.m
Yanaidu7,520,690 JPY51,427 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
Kesennnuma16,362,651 JPY119,596 JPY/sq.m