JR Joban Line Apartment average value

Price 176,304 JPY/sq.m
- Age 20.2 years old
- Dist. from Sta. 16.5 min walk
- Property area 68.5 sq.m

The average price of Ibaraki JR JR Joban Line Apartment, in 2019 was 197,339 JPY/sq.m. The market value represents an increase of 27,505 JPY (+16.2%) compared to 1 year ago and a transition to a bull market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station, as well as a dramatic decrease in transactions involving relatively old buildings under 40 years old.

Cause of price increases

  • An decrease in average age of the building (representing 22.3 years old in 2018 and 19.7 years old in 2019; -11.8%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 4.8% of total transactions in 2018 and 13.2% of total transactions in 2019)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 48.1% of total transactions in 2018 and 36.0% of total transactions in 2019)

Causes of price decreases

  • A slight increase in transactions involving older buildings over 40 years old (representing 7.8% of total transactions in 2018 and 8.0% of total transactions in 2019)
Data regarding the market value and its changes of Apartment in JR Joban Line were calculated using data on the sales of 1,693 properties provided by the MLIT Japan.

JR Joban Line Apartment market value list

StationsAverage Trading PriceAverage Unit Price#
Toride8,528,571 JPY133,134 JPY/sq.m258 件
Fujishiro6,390,000 JPY103,191 JPY/sq.m70 件
Sanuki7,141,667 JPY109,511 JPY/sq.m154 件
Ushiku12,977,027 JPY190,478 JPY/sq.m74 件
Hitachinoushiku16,470,370 JPY224,352 JPY/sq.m152 件
Arakawaoki14,572,532 JPY196,966 JPY/sq.m79 件
Tsuchiura10,327,662 JPY153,146 JPY/sq.m348 件
Kanndatsu5,700,000 JPY80,133 JPY/sq.m5 件
Uchihara15,000,000 JPY176,470 JPY/sq.m1 件
Akatsuka17,970,536 JPY259,276 JPY/sq.m112 件
Kairakuenn10,000,000 JPY166,666 JPY/sq.m1 件
Mito17,243,506 JPY222,912 JPY/sq.m346 件
Katsuta15,332,076 JPY236,928 JPY/sq.m53 件
Oomika22,166,667 JPY290,540 JPY/sq.m6 件
Hitachitaga20,000,000 JPY279,807 JPY/sq.m3 件
Hitachi16,064,516 JPY233,303 JPY/sq.m31 件

Apartment value Age transition

Market values (unit price: sq.m, ㎡) in terms of Age, is as follow.

The orange line means market values (unit price: sq.m) for Apartment in terms of Age. The orange line changes on the basis of distance from the train station and area of the property (* For example , if the distance from the station is far, the lower the unit price.).

The dots means trading data. When you mouseover or touch the dot, details of the trading data is displayed. You can color (classify) the dots on the basis of the property area, distance from the stations, or the property price, etc.

(* You can scroll and zoom with pinch in the mobile environment.)
(* When you double-click, the value of Age is updated.)
AgeTrading PriceProportion
Price at New380,441 JPY/sq.m100 %
Residual Value (10 Years)259,013 JPY/sq.m68 %
Residual Value (20 Years)166,487 JPY/sq.m44 %
Residual Value (20 Years)102,864 JPY/sq.m27 %
Color:
Unit:   Touch:



Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
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- Trading date: {{infoObj.trade_date|date:'MMMM, yyyy'}}

When you change the slider, the unit price will change.
Age of a building Property area Total floor area Distance from the station




Calculate JR Joban Line Apartment market value

We can calculate market values for Apartment based on their age, area, and distance from a train station.

Age
years old
Area
sq.m
Total floor space
sq.m
Distance from the station
min walk

Market values for JR Joban Line Apartment that meet the above conditions were calculated in the following manner.

{{currentObj|applyRegCalculatePrecise:averageObj:coefObj:true:true:unitType}}
({{unit_price|number:0}} JPY/sq.m)

The assumed transaction price, not including agency commissions, taxes, etc.

Trading Data

Past Apartment sales data, with similarly entered ages, area, and distances from station are as follows.

1. Ibaraki Mito-Shi 大町 (Mito-Shi Mito 13.0 min walk)
19.5 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: SRC
- Trading date: 2019-09-01 00:00:00

Trading price:   16,000,000 JPY,    Unit price:   266,667 JPY/sq.m

2. Ibaraki Tsuchiura-Shi 北荒川沖町 (Tsuchiura-Shi Arakawaoki 13.0 min walk)
19.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2012-03-01 00:00:00

Trading price:   5,000,000 JPY,    Unit price:   76,923 JPY/sq.m

3. Ibaraki Toride-Shi 井野台 (Toride-Shi Toride 12.0 min walk)
19.8 years old , Area: 60.0 sq.m , Total floor area: sq.m , Structure: RC
- Trading date: 2013-12-01 00:00:00

Trading price:   9,100,000 JPY,    Unit price:   151,666 JPY/sq.m

4. Ibaraki Ushiku-Shi 田宮 (Ushiku-Shi Ushiku 14.0 min walk)
20.3 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-06-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   142,857 JPY/sq.m

5. Ibaraki Toride-Shi 東 (Toride-Shi Toride 13.0 min walk)
20.8 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-12-01 00:00:00

Trading price:   4,700,000 JPY,    Unit price:   78,333 JPY/sq.m

6. Ibaraki Toride-Shi 井野台 (Toride-Shi Toride 13.0 min walk)
20.8 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-12-01 00:00:00

Trading price:   9,000,000 JPY,    Unit price:   150,000 JPY/sq.m

7. Ibaraki Ushiku-Shi 田宮 (Ushiku-Shi Ushiku 12.0 min walk)
19.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-03-01 00:00:00

Trading price:   7,500,000 JPY,    Unit price:   107,142 JPY/sq.m

8. Ibaraki Toride-Shi 東 (Toride-Shi Toride 12.0 min walk)
18.8 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-12-01 00:00:00

Trading price:   6,400,000 JPY,    Unit price:   106,666 JPY/sq.m

9. Ibaraki Ushiku-Shi 中央 (Ushiku-Shi Ushiku 12.0 min walk)
18.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2014-12-01 00:00:00

Trading price:   8,000,000 JPY,    Unit price:   123,076 JPY/sq.m

10. Ibaraki Toride-Shi 井野台 (Toride-Shi Toride 14.0 min walk)
18.5 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2012-09-01 00:00:00

Trading price:   8,500,000 JPY,    Unit price:   121,428 JPY/sq.m

11. Ibaraki Toride-Shi 井野台 (Toride-Shi Toride 13.0 min walk)
18.0 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2012-03-01 00:00:00

Trading price:   7,500,000 JPY,    Unit price:   125,000 JPY/sq.m

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Trading price:   {{item.price|number:0}} JPY,    Unit price:   {{item.unit_price|number:0}} JPY/sq.m

Apartment market value trends

Market value trends for Apartment are as follows.

Data:
Unit:   Touch:



Apartment market value trends Market value trends for Apartment.

Apartment market value trends


Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station, as well as a dramatic decrease in transactions involving relatively old buildings under 40 years old.

Cause of price increases

  • An decrease in average age of the building (representing 22.3 years old in 2018 and 19.7 years old in 2019; -11.8%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 4.8% of total transactions in 2018 and 13.2% of total transactions in 2019)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 48.1% of total transactions in 2018 and 36.0% of total transactions in 2019)

Causes of price decreases

  • A slight increase in transactions involving older buildings over 40 years old (representing 7.8% of total transactions in 2018 and 8.0% of total transactions in 2019)
The table below shows Apartment dealt in Ibaraki JR JR Joban Line, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

Area close to the price in JR Joban Line

The closest areas in terms of Apartment price ranges to this area are ones like the following that are along a railway line and have a station.

Area / Station Median
Price
JPY
Unit price
JPY/sq.m
Age
Years old
Distance
min walk
Area
JR Joban Line Uchihara (1) [Stations]15,000,000176,470 JPY/sq.m13.0 yrs16 min85 sq.m
JR JR Mito Line (1) [Stations]11,000,000169,230 JPY/sq.m17.0 yrs12 min65 sq.m
JR Mito Line Shimodate (1) [Stations]11,000,000169,230 JPY/sq.m17.0 yrs12 min65 sq.m
JR (1,853) [Stations]9,800,000150,769 JPY/sq.m19.8 yrs12 min65 sq.m