Akatsuka Land average value

Price 26,229 JPY/sq.m
- Dist. from Sta. 37.0 min walk
- Property area 410 sq.m

The average price of Ibaraki JR Joban Line Akatsuka Land, in 2019 was 27,993 JPY/sq.m. The market value represents an increase of 3,473 JPY (+14.2%) 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 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 42.4 min in 2018 and 35.1 min in 2019; -17.3%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 0.6% of total transactions in 2018 and 3.2% of total transactions in 2019)
Data regarding the market value and its changes of Land in Akatsuka were calculated using data on the sales of 1,749 properties provided by the MLIT Japan.

Akatsuka Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
曙町11,000,000JPY42,308 JPY/sq.mAkatsuka30 min
曙町6,100,000JPY46,923 JPY/sq.mAkatsuka30 min
曙町5,600,000JPY43,077 JPY/sq.mAkatsuka30 min
曙町5,800,000JPY46,400 JPY/sq.mAkatsuka30 min
曙町13,000,000JPY43,333 JPY/sq.mAkatsuka30 min
曙町3,800,000JPY29,231 JPY/sq.mAkatsuka30 min
飯島町4,300,000JPY15,357 JPY/sq.mAkatsuka30 min
飯島町4,300,000JPY15,357 JPY/sq.mAkatsuka30 min
飯富町540,000JPY18,000 JPY/sq.mAkatsuka30 min
大塚町5,100,000JPY18,889 JPY/sq.mAkatsuka30 min
大塚町1,500,000JPY12,500 JPY/sq.mAkatsuka30 min
大塚町5,600,000JPY32,000 JPY/sq.mAkatsuka30 min
大塚町60,000,000JPY- JPY/sq.mAkatsuka30 min
大塚町5,500,000JPY16,667 JPY/sq.mAkatsuka30 min
大塚町6,300,000JPY16,579 JPY/sq.mAkatsuka30 min
大塚町4,000,000JPY6,250 JPY/sq.mAkatsuka30 min
大塚町4,000,000JPY13,793 JPY/sq.mAkatsuka30 min
大塚町10,000,000JPY41,667 JPY/sq.mAkatsuka30 min
大塚町71,000,000JPY- JPY/sq.mAkatsuka30 min
大塚町3,500,000JPY12,963 JPY/sq.mAkatsuka30 min

Land value Distance From The Station transition

Market values (unit price: sq.m, ㎡) 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:
{{infoObj.place}} {{infoObj.stations[0]}} {{infoObj.station_distance}} min walk)
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




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

1. Ibaraki Mito-Shi 曙町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 260 sq.m , Total floor area: sq.m
- Trading date: 2018-12-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   42,308 JPY/sq.m

2. Ibaraki Mito-Shi 曙町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 300 sq.m , Total floor area: sq.m
- Trading date: 2015-03-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   43,333 JPY/sq.m

3. Ibaraki Mito-Shi 飯島町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 280 sq.m , Total floor area: sq.m
- Trading date: 2017-06-01 00:00:00

Trading price:   4,300,000 JPY,    Unit price:   15,357 JPY/sq.m

4. Ibaraki Mito-Shi 飯島町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 280 sq.m , Total floor area: sq.m
- Trading date: 2017-06-01 00:00:00

Trading price:   4,300,000 JPY,    Unit price:   15,357 JPY/sq.m

5. Ibaraki Mito-Shi 大塚町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 270 sq.m , Total floor area: sq.m
- Trading date: 2019-09-01 00:00:00

Trading price:   5,100,000 JPY,    Unit price:   18,889 JPY/sq.m

6. Ibaraki Mito-Shi 大塚町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 290 sq.m , Total floor area: sq.m
- Trading date: 2016-12-01 00:00:00

Trading price:   4,000,000 JPY,    Unit price:   13,793 JPY/sq.m

7. Ibaraki Mito-Shi 大塚町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 270 sq.m , Total floor area: sq.m
- Trading date: 2016-06-01 00:00:00

Trading price:   3,500,000 JPY,    Unit price:   12,963 JPY/sq.m

8. Ibaraki Mito-Shi 大塚町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 300 sq.m , Total floor area: sq.m
- Trading date: 2015-12-01 00:00:00

Trading price:   7,300,000 JPY,    Unit price:   24,333 JPY/sq.m

9. Ibaraki Mito-Shi 大塚町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 260 sq.m , Total floor area: sq.m
- Trading date: 2014-09-01 00:00:00

Trading price:   580,000 JPY,    Unit price:   2,231 JPY/sq.m

10. Ibaraki Mito-Shi 加倉井町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 270 sq.m , Total floor area: sq.m
- Trading date: 2018-12-01 00:00:00

Trading price:   4,000,000 JPY,    Unit price:   14,815 JPY/sq.m

11. Ibaraki Mito-Shi 加倉井町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 280 sq.m , Total floor area: sq.m
- Trading date: 2016-12-01 00:00:00

Trading price:   3,700,000 JPY,    Unit price:   13,214 JPY/sq.m

12. Ibaraki Mito-Shi 河和田町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 290 sq.m , Total floor area: sq.m
- Trading date: 2018-06-01 00:00:00

Trading price:   7,000,000 JPY,    Unit price:   24,138 JPY/sq.m

13. Ibaraki Mito-Shi 河和田町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 260 sq.m , Total floor area: sq.m
- Trading date: 2018-03-01 00:00:00

Trading price:   6,500,000 JPY,    Unit price:   25,000 JPY/sq.m

14. Ibaraki Mito-Shi 河和田町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 290 sq.m , Total floor area: sq.m
- Trading date: 2016-09-01 00:00:00

Trading price:   7,200,000 JPY,    Unit price:   24,828 JPY/sq.m

15. Ibaraki Mito-Shi 河和田町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 260 sq.m , Total floor area: sq.m
- Trading date: 2016-03-01 00:00:00

Trading price:   8,200,000 JPY,    Unit price:   31,538 JPY/sq.m

16. Ibaraki Mito-Shi 河和田町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 260 sq.m , Total floor area: sq.m
- Trading date: 2016-03-01 00:00:00

Trading price:   9,800,000 JPY,    Unit price:   37,692 JPY/sq.m

17. Ibaraki Mito-Shi 河和田町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 280 sq.m , Total floor area: sq.m
- Trading date: 2016-03-01 00:00:00

Trading price:   8,700,000 JPY,    Unit price:   31,071 JPY/sq.m

18. Ibaraki Mito-Shi 河和田町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 270 sq.m , Total floor area: sq.m
- Trading date: 2015-12-01 00:00:00

Trading price:   6,600,000 JPY,    Unit price:   24,444 JPY/sq.m

19. Ibaraki Mito-Shi 河和田町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 260 sq.m , Total floor area: sq.m
- Trading date: 2015-12-01 00:00:00

Trading price:   8,100,000 JPY,    Unit price:   31,154 JPY/sq.m

20. Ibaraki Mito-Shi 河和田町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 270 sq.m , Total floor area: sq.m
- Trading date: 2015-09-01 00:00:00

Trading price:   6,000,000 JPY,    Unit price:   22,222 JPY/sq.m

{{$index+1}}. {{item.place}} ({{item.stations[0]}} {{item.station_distance}} min walk)
{{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

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 42.4 min in 2018 and 35.1 min in 2019; -17.3%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 0.6% of total transactions in 2018 and 3.2% of total transactions in 2019)
The table below shows Land dealt in Ibaraki JR Joban Line Akatsuka, 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 Akatsuka

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
JR Joban Line Oomika (665) [Stations]6,800,00026,000 JPY/sq.m yrs30 min260 sq.m
JR Joban Line Toukai (717) [Stations]8,900,00025,838 JPY/sq.m yrs26 min290 sq.m
JR Joban Line Sawa (617) [Stations]8,600,00027,333 JPY/sq.m yrs28 min300 sq.m
JR Joban Line Juuou (317) [Stations]7,700,00025,000 JPY/sq.m yrs23 min285 sq.m