Miyagi JR Senzan line Home market overview [Show ]

The average price of a sq.m Home of Miyagi JR JR Senzan line, in 2017 was 188,460 JPY/sq.m. The market value represents a decrease of 29,712 JPY (-13.6%) compared to 1 year ago and a transition to a weak market. 27 properties exchanged hands ( The market value represents a decrease of 162 (-85.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.1 years old (a +17.1% increase compared to the 16.3 years old of last year.). The average size of the real estate was 292.8 sq.m (a +6.9% increase compared to the 273.9 sq.m of last year.). The average total floor space of the real estate was 268.0 sq.m (a +53.7% increase compared to the 174.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large total floor space more than 200 sq.m, as well as a dramatic increase in transactions involving relatively old buildings under 40 years old.

Causes of price decreases

  • An increase in average age of the building (representing 16.3 years old in 2016 and 19.1 years old in 2017; +17.1%)
  • An increase in average distance from the station (representing 22.7 min in 2016 and 26.0 min in 2017; +14.6%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 38.0% of total transactions in 2016 and 50.0% of total transactions in 2017)
  • An decrease in transactions involving nearly new buildings under 3 years old (representing 43.6% of total transactions in 2016 and 38.5% of total transactions in 2017)

The highest Home market value is Sendai at 266,666 JPY/sq.m. On the other hand, those with the lowest market value is Sakunami at 65,517 JPY/sq.m.

In accordance with the aging of buildings, the stations whose values were most likely to decline was the Sakunami at -66.5% (The rate of decline after 30 years). On the other hand, market values along the Kuzuoka was the most resistant to decline at -35.8% (The same rate).

Data regarding the market value and its changes of Home in JR Senzan line were calculated using data on the sales of 2,729 properties provided by the MLIT Japan.

Value:

Unit:

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Market value

StationsAverage Trading PriceAverage Unit Price
Sendai [Land utilization ]103,443,333 JPY312,117 JPY/sq.m
Toushouguu [Land utilization ]49,955,385 JPY257,110 JPY/sq.m
Kitasenndai [Land utilization ]28,740,458 JPY202,173 JPY/sq.m
Kitayama [Land utilization ]37,902,632 JPY221,884 JPY/sq.m
Touhokufukushidaimae [Land utilization ]26,746,667 JPY222,922 JPY/sq.m
Kunimi [Land utilization ]28,248,571 JPY206,839 JPY/sq.m
Kuzuoka [Land utilization ]22,383,333 JPY159,315 JPY/sq.m
Rikuzennochiai [Land utilization ]23,315,116 JPY176,421 JPY/sq.m
Ayashi [Land utilization ]25,124,561 JPY221,536 JPY/sq.m
Rikuzennshirasawa26,673,684 JPY91,691 JPY/sq.m
Kumagane28,975,000 JPY62,738 JPY/sq.m
Sakunami10,065,385 JPY70,184 JPY/sq.m