Miyagi JR Rikuu East Line Home market overview [Show ]

The average price of a sq.m Home of Miyagi JR JR Rikuu East Line, in 2017 was 107,708 JPY/sq.m. The market value represents a decrease of 22,215 JPY (-17.1%) compared to 1 year ago and a transition to a weak market. 14 properties exchanged hands ( The market value represents a decrease of 67 (-82.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 26.9 years old (a +55.6% increase compared to the 17.3 years old of last year.). The average size of the real estate was 403.2 sq.m (a -4.7% decrease compared to the 423.3 sq.m of last year.). The average total floor space of the real estate was 112.1 sq.m (a -38.7% decrease compared to the 182.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle total floor space for a DINKS or an old age households less than 60 sq.m, as well as a dramatic increase in transactions involving relatively old buildings under 40 years old.

Causes of price decreases

  • A dramatic increase in average age of the building (representing 17.3 years old in 2016 and 26.9 years old in 2017; +55.6%)
  • A dramatic increase in average distance from the station (representing 29.7 min in 2016 and 37.1 min in 2017; +24.6%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 23.5% of total transactions in 2016 and 50.0% of total transactions in 2017)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 47.1% of total transactions in 2016 and 30.0% of total transactions in 2017)

The highest Home market value is Tsukanome at 170,000 JPY/sq.m. On the other hand, those with the lowest market value is Narukoonnsenn at 30,238 JPY/sq.m.

Data regarding the market value and its changes of Home in JR Rikuu East Line were calculated using data on the sales of 1,000 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
Kitaura12,873,913 JPY92,380 JPY/sq.m
Rikuzennyachi22,200,000 JPY166,354 JPY/sq.m
Furukawa [Land utilization ]22,797,550 JPY146,545 JPY/sq.m
Tsukanome [Land utilization ]22,918,628 JPY167,877 JPY/sq.m
Nishifurukawa11,878,378 JPY79,212 JPY/sq.m
Higashioosaki13,200,000 JPY59,848 JPY/sq.m
Iwadeyama8,673,529 JPY63,217 JPY/sq.m
Kaminome5,240,000 JPY52,367 JPY/sq.m
Kawatabionnsenn4,392,857 JPY39,983 JPY/sq.m
Narukogotennyu6,350,000 JPY54,450 JPY/sq.m
Narukoonnsenn22,029,375 JPY35,129 JPY/sq.m
Nakayamadairaonnsenn18,726,667 JPY61,719 JPY/sq.m