Hinode-Machi Land average value

Price 24,753,333 JPY
  (62,801 JPY/sq.m)
- Dist. from Sta. 21.9 min walk
- Property area 400.8 sq.m

The average price of a sq.m Land of Tokyo Nishitama-Gun Hinode-Machi, in 2018 was 74,477 JPY/sq.m. The market value represents an increase of 20,338 JPY (+37.6%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 2 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 201.0 sq.m (a -13.9% decrease compared to the 233.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

Cause of price increases

  • An decrease in average distance from the station (representing 21.7 min in 2017 and 18.0 min in 2018; -16.9%)
Data regarding the market value and its changes of Land in Hinode-Machi were calculated using data on the sales of 217 properties provided by the MLIT Japan.

Hinode-Machi Land market value list

AreaAverage Trading PriceAverage Unit Price
大字平井32,169,320 JPY99,976 JPY/sq.m
大字大久野14,848,571 JPY55,504 JPY/sq.m

Land value Distance From The Station transition

Market values (unit price: sq.m, m2) in terms of Distance From The Station, is as follow.

The orange line means market values (unit price: sq.m) for Land in terms of Distance From The Station. 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 Distance From The Station is updated.)
Color:
Unit:   Touch:



Land value Distance From The Station transition. Market values in terms of Distance From The Station.

Land value Distance From The Station transition

Property Details:
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Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
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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




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Calculate Hinode-Machi Land market value

We can calculate market values for Land 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 Hinode-Machi Land that meet the above conditions were calculated in the following manner.

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({{unit_price|number:0}} JPY/sq.m)

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

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Trading Data

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

1. Tokyo Nishitama-Gun Hinode-Machi 大字平井Nishitama-Gun Musashihikida 23.0 min walk)
, Area: 250 sq.m
- Trading date: 2016-12-01T00:00:00Z

Trading price:   8,400,000 JPY,    Unit price:   33,600 JPY/sq.m

2. Tokyo Nishitama-Gun Hinode-Machi 大字平井Nishitama-Gun Musashihikida 24.0 min walk)
, Area: 230 sq.m
- Trading date: 2008-12-01T00:00:00Z

Trading price:   14,000,000 JPY,    Unit price:   60,869 JPY/sq.m

3. Tokyo Nishitama-Gun Hinode-Machi 大字平井Nishitama-Gun Musashimasuko 24.0 min walk)
, Area: 260 sq.m
- Trading date: 2010-09-01T00:00:00Z

Trading price:   25,000,000 JPY,    Unit price:   96,153 JPY/sq.m

4. Tokyo Nishitama-Gun Hinode-Machi 大字大久野Nishitama-Gun Musashiitsukaichi 24.0 min walk)
, Area: 260 sq.m
- Trading date: 2012-06-01T00:00:00Z

Trading price:   14,000,000 JPY,    Unit price:   53,846 JPY/sq.m

5. Tokyo Nishitama-Gun Hinode-Machi 大字大久野Nishitama-Gun Musashiitsukaichi 24.0 min walk)
, Area: 250 sq.m
- Trading date: 2013-06-01T00:00:00Z

Trading price:   14,000,000 JPY,    Unit price:   56,000 JPY/sq.m

6. Tokyo Nishitama-Gun Hinode-Machi 大字平井Nishitama-Gun Musashihikida 22.0 min walk)
, Area: 240 sq.m
- Trading date: 2013-09-01T00:00:00Z

Trading price:   9,500,000 JPY,    Unit price:   39,583 JPY/sq.m

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- 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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Land market value trends

Market value trends for Land are as follows.

Data:
Unit:   Touch:



Land market value trends Market value trends for Land.

Land market value trends


Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

Cause of price increases

  • An decrease in average distance from the station (representing 21.7 min in 2017 and 18.0 min in 2018; -16.9%)
The table below shows Land dealt in Tokyo Nishitama-Gun Hinode-Machi, 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 Hinode-Machi

    The closest areas in terms of Land 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
    Nishitama-Gun (595) [Area]16,000,00065,000 yrs21 min250 sq.m
    Mizuho-Machi 大字駒形富士山 (12) [Area]15,500,00065,015 yrs22 min275 sq.m
    Mizuho-Machi 大字二本木 (32) [Area]18,000,00059,128 yrs30 min405 sq.m
    Mizuho-Machi 大字武蔵 (15) [Area]23,000,00076,388 yrs16 min300 sq.m
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