Miyagi JR Home market overview [Show ]
The average price of a sq.m Home of Miyagi JR, in 2017 was 188,391 JPY/sq.m. The market value represents an increase of 3,111 JPY (+1.7%) compared to 1 year ago and a transition to a slight market. 398 properties exchanged hands ( The market value represents a decrease of 422 (-51.5%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 16.7 years old (a -0.8% decrease compared to the 16.8 years old of last year.). The average size of the real estate was 343.9 sq.m (a -1.3% decrease compared to the 348.4 sq.m of last year.). The average total floor space of the real estate was 173.5 sq.m (a -1.4% decrease compared to the 175.8 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was an increase in transactions involving relatively large size more than 100 sq.m, as well as an decrease in transactions involving very large size 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 7.0% of total transactions in 2017)
- A some increase in transactions involving nearly new buildings under 3 years old (representing 42.9% of total transactions in 2016 and 45.3% of total transactions in 2017)
Causes of price decreases
- An increase in transactions involving older buildings over 40 years old (representing 12.7% of total transactions in 2016 and 14.2% of total transactions in 2017)
- A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 2.6% of total transactions in 2016 and 1.9% of total transactions in 2017)
In accordance with the aging of buildings, the stations whose values were most likely to decline was the JR Rikuu East Line at -50.0% (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 -36.0% (The same rate).Data regarding the market value and its changes of Home in JR were calculated using data on the sales of 12,262 properties provided by the MLIT Japan.
|Stations||Average Trading Price||Average Unit Price|
|JR Senzan line [Utilization ]||43,280,000 JPY||228,363 JPY/sq.m|
|JR Senseki Line [Utilization ]||45,722,046 JPY||203,370 JPY/sq.m|
|JR Rifu Line [Utilization ]||34,488,636 JPY||218,628 JPY/sq.m|
|JR Ofunato BRT line||16,776,923 JPY||121,208 JPY/sq.m|
|JR Ōfunato Line||16,776,923 JPY||121,208 JPY/sq.m|
|JR Joban Line [Utilization ]||21,929,444 JPY||161,790 JPY/sq.m|
|JR Tohoku Main Line [Utilization ]||34,868,387 JPY||188,257 JPY/sq.m|
|JR Kesennuma Line||15,951,240 JPY||106,914 JPY/sq.m|
|JR Ishimaki Line [Utilization ]||24,607,353 JPY||140,226 JPY/sq.m|
|JR Rikuu East Line [Utilization ]||20,185,912 JPY||122,830 JPY/sq.m|