Hitachi Land average value

Price 32,027 JPY/sq.m
- Dist. from Sta. 22.8 min walk
- Property area 452 sq.m

The average price of Ibaraki JR Joban Line Hitachi Land, in 2019 was 38,687 JPY/sq.m. The market value represents an increase of 5,993 JPY (+18.3%) compared to 1 year ago and a transition to a bull market.

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

Data regarding the market value and its changes of Land in Hitachi were calculated using data on the sales of 373 properties provided by the MLIT Japan.

Hitachi Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
高鈴町13,000,000JPY48,148 JPY/sq.mHitachi25 min
本宮町19,000,000JPY97,435 JPY/sq.mHitachi25 min
高鈴町13,000,000JPY61,904 JPY/sq.mHitachi25 min
本宮町13,000,000JPY56,521 JPY/sq.mHitachi25 min
本宮町9,200,000JPY46,000 JPY/sq.mHitachi25 min
高鈴町50,000,000JPY45,454 JPY/sq.mHitachi25 min
本宮町35,000,000JPY31,818 JPY/sq.mHitachi25 min
助川町22,000,000JPY31,884 JPY/sq.mHitachi25 min
高鈴町8,000,000JPY22,857 JPY/sq.mHitachi25 min
助川町45,000,000JPY32,142 JPY/sq.mHitachi25 min
宮田町13,000,000JPY54,166 JPY/sq.mHitachi26 min
宮田町3,800,000JPY20,540 JPY/sq.mHitachi26 min
宮田町35,000,000JPY25,000 JPY/sq.mHitachi26 min
高鈴町12,000,000JPY46,153 JPY/sq.mHitachi26 min
助川町1,800,000JPY4,186 JPY/sq.mHitachi26 min
会瀬町20,000,000JPY44,444 JPY/sq.mHitachi26 min
会瀬町14,000,000JPY31,111 JPY/sq.mHitachi26 min
助川町5,000,000JPY11,627 JPY/sq.mHitachi26 min
高鈴町5,300,000JPY27,894 JPY/sq.mHitachi26 min
会瀬町7,300,000JPY12,807 JPY/sq.mHitachi26 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:
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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 Hitachi 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 Hitachi 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.

Trading Data

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

1. Ibaraki Hitachi-Shi 高鈴町 (Hitachi-Shi Hitachi 26.0 min walk)
, Area: 260 sq.m , Total floor area: sq.m
- Trading date: 2012-09-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   46,153 JPY/sq.m

2. Ibaraki Hitachi-Shi 高鈴町 (Hitachi-Shi Hitachi 25.0 min walk)
, Area: 270 sq.m , Total floor area: sq.m
- Trading date: 2010-09-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   48,148 JPY/sq.m

3. Ibaraki Hitachi-Shi 会瀬町 (Hitachi-Shi Hitachi 28.0 min walk)
, Area: 300 sq.m , Total floor area: sq.m
- Trading date: 2012-03-01 00:00:00

Trading price:   18,000,000 JPY,    Unit price:   60,000 JPY/sq.m

4. Ibaraki Hitachi-Shi 会瀬町 (Hitachi-Shi Hitachi 24.0 min walk)
, Area: 280 sq.m , Total floor area: sq.m
- Trading date: 2016-06-01 00:00:00

Trading price:   7,800,000 JPY,    Unit price:   27,857 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

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 decrease in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

The table below shows Land dealt in Ibaraki JR Joban Line Hitachi, 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 Hitachi

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 Katsuta (880) [Stations]10,000,00033,821 JPY/sq.m yrs30 min300 sq.m
JR Joban Line Mito (2,162) [Stations]8,250,00030,000 JPY/sq.m yrs30 min300 sq.m
JR Joban Line Ogitsu (232) [Stations]9,500,00027,941 JPY/sq.m yrs18 min280 sq.m
JR Joban Line Sawa (451) [Stations]8,100,00027,926 JPY/sq.m yrs27 min295 sq.m