The average price of a sq.m Home of Miyagi Sendai Airport Line, in 2017 was 262,702 JPY/sq.m. The market value represents an increase of 11,017 JPY (+4.4%) compared to 1 year ago and a transition to a some market. 5 properties exchanged hands ( The market value represents a decrease of 15 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 8.1 years old (a -35.1% decrease compared to the 12.5 years old of last year.). The average size of the real estate was 465.0 sq.m (a +81.8% increase compared to the 255.8 sq.m of last year.). The average total floor space of the real estate was 412.5 sq.m (a +225.2% increase compared to the 126.8 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.
Cause of price increases
- A dramatic decrease in average age of the building (representing 12.5 years old in 2016 and 8.1 years old in 2017; -35.1%)
Causes of price decreases
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 16.7% of total transactions in 2016 and 25.0% of total transactions in 2017)
Data regarding the market value and its changes of Home in Sendai Airport Line were calculated using data on the sales of 409 properties provided by the MLIT Japan.