Miyagi JR Home market overview [Show ]

The average price of a sq.m Home of Miyagi JR, in 2017 was 177,896 JPY/sq.m. The market value represents a decrease of 7,384 JPY (-4.0%) compared to 1 year ago and a transition to a some market. 172 properties exchanged hands ( The market value represents a decrease of 648 (-79.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.4 years old (a +3.2% increase compared to the 16.8 years old of last year.). The average size of the real estate was 377.6 sq.m (a +8.4% increase compared to the 348.4 sq.m of last year.). The average total floor space of the real estate was 193.5 sq.m (a +10.0% increase compared to the 175.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving size for a general family households less than 100 sq.m, as well as a dramatic increase in transactions involving very large total floor space more than 200 sq.m.

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 4.5% of total transactions in 2016 and 6.4% of total transactions in 2017)
  • A some decrease in transactions involving older buildings over 40 years old (representing 12.7% of total transactions in 2016 and 12.2% of total transactions in 2017)

Causes of price decreases

  • A some increase in transactions involving relatively old buildings under 40 years old (representing 30.6% of total transactions in 2016 and 33.3% of total transactions in 2017)
  • A some decrease in transactions involving nearly new buildings under 3 years old (representing 42.9% of total transactions in 2016 and 40.4% of total transactions in 2017)

The highest Home market value is JR Rifu Line at 228,571 JPY/sq.m. On the other hand, those with the lowest market value is JR Kesennuma Line at 65,333 JPY/sq.m.

In accordance with the aging of buildings, the stations whose values were most likely to decline was the JR Rikuu East Line at -50.1% (The rate of decline after 30 years). On the other hand, market values along the JR Rifu Line was the most resistant to decline at -35.2% (The same rate).

Data regarding the market value and its changes of Home in JR were calculated using data on the sales of 12,036 properties provided by the MLIT Japan.

Value:

Unit:

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Market value

StationsAverage Trading PriceAverage Unit Price
JR Senzan line [Land utilization ]42,118,122 JPY225,491 JPY/sq.m
JR Senseki Line [Land utilization ]45,956,488 JPY205,561 JPY/sq.m
JR Rifu Line [Land utilization ]33,753,957 JPY217,458 JPY/sq.m
JR Ofunato BRT line16,362,651 JPY119,596 JPY/sq.m
JR Ōfunato Line16,362,651 JPY119,596 JPY/sq.m
JR Joban Line [Land utilization ]21,617,188 JPY161,073 JPY/sq.m
JR Tohoku Main Line [Land utilization ]34,365,723 JPY188,226 JPY/sq.m
JR Kesennuma Line17,825,191 JPY107,524 JPY/sq.m
JR Ishimaki Line [Land utilization ]24,985,764 JPY138,642 JPY/sq.m
JR Rikuu East Line [Land utilization ]20,144,130 JPY120,023 JPY/sq.m