Kanto Railway Ryūgasaki Line Home average value

Price 15,095,395 JPY
  (103,790 JPY/sq.m)
- Age 20.1 years old
- Dist. from Sta. 40.0 min walk
- Property area 313.7 sq.m
- Total floor area 155.8 sq.m

The average price of a sq.m Home of Ibaraki Kanto Railway Kanto Railway Ryūgasaki Line, in 2017 was 96,359 JPY/sq.m. The market value represents a decrease of 13,237 JPY (-12.1%) compared to 1 year ago and a transition to a weak market. 12 properties exchanged hands ( The market value represents a decrease of 43 (-78.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.7 years old (a -3.4% decrease compared to the 20.4 years old of last year.). The average size of the real estate was 313.3 sq.m (a -22.1% decrease compared to the 402.3 sq.m of last year.). The average total floor space of the real estate was 187.5 sq.m (a -7.5% decrease compared to the 202.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station, as well as a dramatic increase in transactions involving relatively large size more than 100 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 3.6% of total transactions in 2016 and 8.3% of total transactions in 2017)
  • An increase in transactions involving nearly new buildings under 3 years old (representing 21.8% of total transactions in 2016 and 25.0% of total transactions in 2017)

Causes of price decreases

  • A some increase in transactions involving relatively old buildings under 40 years old (representing 47.3% of total transactions in 2016 and 50.0% of total transactions in 2017)
Data regarding the market value and its changes of Home in Kanto Railway Ryūgasaki Line were calculated using data on the sales of 665 properties provided by the MLIT Japan.

Kanto Railway Ryūgasaki Line Home market value list

StationsAverage Trading PriceAverage Unit Price
Sanuki17,790,127 JPY114,743 JPY/sq.m
IReji10,083,333 JPY100,384 JPY/sq.m
Ryugasaki9,136,620 JPY79,722 JPY/sq.m

Kanto Railway Ryūgasaki Line Railway market report

2017. Jan Jun
 12 tradings
2016. Jan Sep
 55 tradings
2015. Jan Dec
 53 tradings
2014. Jan Dec
 74 tradings
2013. Jan Dec
 70 tradings
--2Q
3
--3Q
20
2Q
23
1Q
12
4Q
11
3Q
12
2Q
15
1Q
15
4Q
16
3Q
22
2Q
19
1Q
17
4Q
18
3Q
15
2Q
21
1Q
16
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Home value Age transition

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

The orange line means market values (unit price: sq.m) for Home 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.)
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AgeTrading PriceProportion
Price at New175,663 JPY/sq.m100 %
Residual Value (10 Years)128,658 JPY/sq.m73 %
Residual Value (20 Years)93,284 JPY/sq.m53 %
Residual Value (20 Years)69,540 JPY/sq.m40 %
Color:

Unit:
Property Details:
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Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
{{infoObj.days_elapsed|days_year}} years old , Area: {{infoObj.dimension}} sq.m , Total floor area: {{infoObj.dimension_all}} sq.m , Layout: {{infoObj.floor_plan}} , Structure: {{infoObj.structure}}
- 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




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Calculate Kanto Railway Ryūgasaki Line Home market value

We can calculate market values for Home 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 Ibaraki Kanto Railway Kanto Railway Ryūgasaki Line Home that meet the above conditions were calculated in the following manner.

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

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

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Trading data in Kanto Railway Ryūgasaki Line

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

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{{item.days_elapsed|days_year}} years old , Area: {{item.dimension}} sq.m , Total floor area: {{item.dimension_all}} sq.m , Layout: {{item.floor_plan}} , Structure: {{item.structure}}
- Trading date: {{item.trade_date|date:'MMMM, yyyy'}}
Trading price:   {{item.price|number:0}} JPY,    Unit price:   {{item.unit_price|number:0}} JPY/sq.m

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Home market value trends

Market value trends for Home are as follows.

Data:

Unit:

Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station, as well as a dramatic increase in transactions involving relatively large size more than 100 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 3.6% of total transactions in 2016 and 8.3% of total transactions in 2017)
  • An increase in transactions involving nearly new buildings under 3 years old (representing 21.8% of total transactions in 2016 and 25.0% of total transactions in 2017)

Causes of price decreases

  • A some increase in transactions involving relatively old buildings under 40 years old (representing 47.3% of total transactions in 2016 and 50.0% of total transactions in 2017)
The table below shows Home dealt in Ibaraki Kanto Railway Kanto Railway Ryūgasaki 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:

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Area close to the price in Kanto Railway Ryūgasaki Line

The closest areas in terms of Home 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
Kanto Railway (3,125) [Stations]14,000,000107,14222.5 yrs24 min200 sq.m
Kanto Railway Ryūgasaki Line Sanuki (468) [Stations]14,000,000111,55520.3 yrs30 min200 sq.m
Kanto Railway Jōsō Line Daihou (13) [Stations]9,500,00080,86915.3 yrs30 min230 sq.m
Kanto Railway Jōsō Line Soudou (47) [Stations]13,000,00079,81117.3 yrs30 min290 sq.m
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