Hagi-Shi Land average value

Price 7,754,820 JPY
  (20,167 JPY/sq.m)
- Dist. from Sta. 21.7 min walk
- Property area 464.9 sq.m

The average price of a sq.m Land of Yamaguchi Hagi-Shi, in 2017 was 20,878 JPY/sq.m. The market value represents an increase of 1,723 JPY (+9.0%) compared to 1 year ago and a transition to a strong market. 5 properties exchanged hands ( The market value represents a decrease of 34 (-87.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 567.0 sq.m (a +79.1% increase compared to the 316.5 sq.m of last year.).

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

Cause of price increases

  • An decrease in average distance from the station (representing 17.6 min in 2016 and 14.2 min in 2017; -19.1%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 5.1% of total transactions in 2016 and 25.0% of total transactions in 2017)
Data regarding the market value and its changes of Land in Hagi-Shi were calculated using data on the sales of 458 properties provided by the MLIT Japan.

Hagi-Shi Land market value list

AreaAverage Trading PriceAverage Unit Price
大字椿東8,078,518 JPY18,521 JPY/sq.m
大字椿10,690,500 JPY22,194 JPY/sq.m
大字平安古町12,969,189 JPY35,110 JPY/sq.m
大字土原9,592,593 JPY34,936 JPY/sq.m
大字江向10,977,273 JPY36,007 JPY/sq.m
大字堀内10,395,238 JPY26,614 JPY/sq.m
大井5,044,706 JPY14,121 JPY/sq.m
大字須佐2,431,176 JPY9,730 JPY/sq.m
大字川島9,507,143 JPY34,664 JPY/sq.m
大字山田5,000,000 JPY14,443 JPY/sq.m
大字下田万2,157,500 JPY3,771 JPY/sq.m
大字河添6,090,909 JPY28,064 JPY/sq.m
三見6,095,000 JPY9,588 JPY/sq.m
大字東田町18,966,667 JPY59,356 JPY/sq.m
大字明木1,246,667 JPY3,484 JPY/sq.m
川上20,650,000 JPY2,784 JPY/sq.m
大字下小川1,512,000 JPY2,542 JPY/sq.m
大字浜崎新町4,060,000 JPY31,062 JPY/sq.m
大字吉田町8,375,000 JPY38,532 JPY/sq.m
大字中小川557,500 JPY3,890 JPY/sq.m
大字浜崎町8,575,000 JPY22,825 JPY/sq.m
大字江崎5,095,000 JPY5,535 JPY/sq.m
大字樽屋町7,125,000 JPY27,138 JPY/sq.m
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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.)
{{(expShow==true) ? 'Close' : 'Show all'}}
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 Hagi-Shi 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 Yamaguchi Hagi-Shi Land 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 Hagi-Shi

Past Land 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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Land market value trends

Market value trends for Land 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 relatively near to the station less than six minutes by foot from the station.

Cause of price increases

  • An decrease in average distance from the station (representing 17.6 min in 2016 and 14.2 min in 2017; -19.1%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 5.1% of total transactions in 2016 and 25.0% of total transactions in 2017)
The table below shows Land dealt in Yamaguchi Hagi-Shi, 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 Hagi-Shi

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
Yamaguchi-Shi 平井 (68) [Area]8,550,00020,769 yrs19 min455 sq.m
Ube-Shi 大字妻崎開作 (46) [Area]8,500,00021,818 yrs20 min475 sq.m
Hofu-Shi 国分寺町 (8) [Area]8,400,00016,323 yrs26 min400 sq.m
JR Yamaguchi Line Miyano (107) [Stations]7,000,00020,689 yrs20 min330 sq.m
JR Sanyo Main Line Houfu (1,413) [Stations]5,800,00019,244 yrs30 min300 sq.m
JR Yamaguchi Line Ootoshi (116) [Stations]5,800,00019,026 yrs24 min280 sq.m
Nishikigawa Railway Nishikigawa Seiryū Line Seiryu-Shin-Iwakuni (51) [Stations]8,500,00022,222 yrs16 min310 sq.m
JR Mine Line Itamochi (16) [Stations]6,000,00018,064 yrs16 min285 sq.m
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