Miyagi Tohoku Shinkansen Home market overview [Show ]
The average price of a sq.m Home of Miyagi Shinkansen Tohoku Shinkansen, in 2017 was 140,816 JPY/sq.m. The market value represents a decrease of 7,113 JPY (-4.8%) compared to 1 year ago and a transition to a some market. 37 properties exchanged hands ( The market value represents a decrease of 32 (-46.4%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 20.5 years old (a +27.2% increase compared to the 16.1 years old of last year.). The average size of the real estate was 350.7 sq.m (a -12.1% decrease compared to the 399.1 sq.m of last year.). The average total floor space of the real estate was 181.5 sq.m (a -27.9% decrease compared to the 251.9 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 16.1 years old in 2016 and 20.5 years old in 2017; +27.2%)
- An increase in average distance from the station (representing 39.8 min in 2016 and 44.4 min in 2017; +11.5%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2016 and 43.2% of total transactions in 2017)
- An decrease in transactions involving nearly new buildings under 3 years old (representing 40.0% of total transactions in 2016 and 32.4% of total transactions in 2017)
In accordance with the aging of buildings, the stations whose values were most likely to decline was the Furukawa at -54.0% (The rate of decline after 30 years). On the other hand, market values along the Shiroishizao was the most resistant to decline at -46.0% (The same rate).Data regarding the market value and its changes of Home in Tohoku Shinkansen were calculated using data on the sales of 1,271 properties provided by the MLIT Japan.
|Stations||Average Trading Price||Average Unit Price|
|Shiroishizao||22,087,500 JPY||141,172 JPY/sq.m|
|Sendai [Utilization ]||111,363,462 JPY||305,918 JPY/sq.m|
|Furukawa [Utilization ]||23,015,032 JPY||152,620 JPY/sq.m|
|Kurikoma-Kogen||18,961,458 JPY||81,821 JPY/sq.m|