Hitachinoushiku Land average value

Price 40,822 JPY/sq.m
- Dist. from Sta. 39.2 min walk
- Property area 379 sq.m

The average price of Ibaraki JR Joban Line Hitachinoushiku Land, in 2019 was 46,304 JPY/sq.m. The market value represents an increase of 9,829 JPY (+26.9%) compared to 1 year ago and a transition to a dramatic market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 48.3 min in 2018 and 34.8 min in 2019; -28.1%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.8% of total transactions in 2018 and 4.8% of total transactions in 2019)
Data regarding the market value and its changes of Land in Hitachinoushiku were calculated using data on the sales of 698 properties provided by the MLIT Japan.

Hitachinoushiku Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
荒川沖3,000,000JPY5,769 JPY/sq.mHitachinoushiku30 min
岡見町2,800,000JPY16,970 JPY/sq.mHitachinoushiku30 min
岡見町1,200,000JPY4,800 JPY/sq.mHitachinoushiku30 min
上柏田25,000,000JPY- JPY/sq.mHitachinoushiku30 min
上柏田25,000,000JPY- JPY/sq.mHitachinoushiku30 min
下根町2,000,000JPY14,286 JPY/sq.mHitachinoushiku30 min
下根町1,900,000JPY8,261 JPY/sq.mHitachinoushiku30 min
下根町7,200,000JPY25,714 JPY/sq.mHitachinoushiku30 min
池向1,800,000JPY9,730 JPY/sq.mHitachinoushiku30 min
池向4,500,000JPY13,636 JPY/sq.mHitachinoushiku30 min
市之台6,200,000JPY12,157 JPY/sq.mHitachinoushiku30 min
市之台2,500,000JPY17,857 JPY/sq.mHitachinoushiku30 min
市之台700,000JPY3,889 JPY/sq.mHitachinoushiku30 min
大井4,000,000JPY2,500 JPY/sq.mHitachinoushiku30 min
大井7,600,000JPY- JPY/sq.mHitachinoushiku30 min
大井14,000,000JPY9,333 JPY/sq.mHitachinoushiku30 min
大井1,200,000JPY11,429 JPY/sq.mHitachinoushiku30 min
大井6,000,000JPY20,000 JPY/sq.mHitachinoushiku30 min
荒川沖1,600,000JPY4,848 JPY/sq.mHitachinoushiku30 min
北中島78,000,000JPY- JPY/sq.mHitachinoushiku30 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 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




Calculate Hitachinoushiku 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 Hitachinoushiku 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 Ushiku-Shi 岡見町 (Ushiku-Shi Hitachinoushiku 30.0 min walk)
, Area: 250 sq.m , Total floor area: sq.m
- Trading date: 2015-09-01 00:00:00

Trading price:   1,200,000 JPY,    Unit price:   4,800 JPY/sq.m

2. Ibaraki Ushiku-Shi 下根町 (Ushiku-Shi Hitachinoushiku 30.0 min walk)
, Area: 230 sq.m , Total floor area: sq.m
- Trading date: 2017-06-01 00:00:00

Trading price:   1,900,000 JPY,    Unit price:   8,261 JPY/sq.m

3. Ibaraki Tsukuba-Shi 下横場 (Tsukuba-Shi Hitachinoushiku 30.0 min walk)
, Area: 230 sq.m , Total floor area: sq.m
- Trading date: 2019-09-01 00:00:00

Trading price:   1,000,000 JPY,    Unit price:   4,348 JPY/sq.m

4. Ibaraki Ushiku-Shi 上柏田 (Ushiku-Shi Hitachinoushiku 30.0 min walk)
, Area: 260 sq.m , Total floor area: sq.m
- Trading date: 2010-09-01 00:00:00

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

5. Ibaraki Ushiku-Shi 上柏田 (Ushiku-Shi Hitachinoushiku 30.0 min walk)
, Area: 260 sq.m , Total floor area: sq.m
- Trading date: 2010-06-01 00:00:00

Trading price:   9,500,000 JPY,    Unit price:   36,538 JPY/sq.m

6. Ibaraki Tsukuba-Shi 西大井 (Tsukuba-Shi Hitachinoushiku 30.0 min walk)
, Area: 250 sq.m , Total floor area: sq.m
- Trading date: 2018-12-01 00:00:00

Trading price:   1,800,000 JPY,    Unit price:   7,200 JPY/sq.m

7. Ibaraki Tsukuba-Shi 西大井 (Tsukuba-Shi Hitachinoushiku 30.0 min walk)
, Area: 260 sq.m , Total floor area: sq.m
- Trading date: 2014-06-01 00:00:00

Trading price:   750,000 JPY,    Unit price:   2,885 JPY/sq.m

8. Ibaraki Tsukuba-Shi 牧園 (Tsukuba-Shi Hitachinoushiku 30.0 min walk)
, Area: 240 sq.m , Total floor area: sq.m
- Trading date: 2017-09-01 00:00:00

Trading price:   7,700,000 JPY,    Unit price:   32,083 JPY/sq.m

9. Ibaraki Tsukuba-Shi 牧園 (Tsukuba-Shi Hitachinoushiku 30.0 min walk)
, Area: 250 sq.m , Total floor area: sq.m
- Trading date: 2014-03-01 00:00:00

Trading price:   8,500,000 JPY,    Unit price:   34,000 JPY/sq.m

10. Ibaraki Tsukuba-Shi 西大井 (Tsukuba-Shi Hitachinoushiku 30.0 min walk)
, Area: 260 sq.m , Total floor area: sq.m
- Trading date: 2010-12-01 00:00:00

Trading price:   5,000,000 JPY,    Unit price:   19,231 JPY/sq.m

11. Ibaraki Tsukuba-Shi 下横場 (Tsukuba-Shi Hitachinoushiku 30.0 min walk)
, Area: 220 sq.m , Total floor area: sq.m
- Trading date: 2011-09-01 00:00:00

Trading price:   2,800,000 JPY,    Unit price:   12,727 JPY/sq.m

12. Ibaraki Tsukuba-Shi 池向 (Tsukuba-Shi Hitachinoushiku 30.0 min walk)
, Area: 230 sq.m , Total floor area: sq.m
- Trading date: 2012-09-01 00:00:00

Trading price:   3,000,000 JPY,    Unit price:   13,043 JPY/sq.m

13. Ibaraki Tsukuba-Shi 牧園 (Tsukuba-Shi Hitachinoushiku 30.0 min walk)
, Area: 240 sq.m , Total floor area: sq.m
- Trading date: 2012-06-01 00:00:00

Trading price:   7,800,000 JPY,    Unit price:   32,500 JPY/sq.m

14. Ibaraki Tsukuba-Shi 牧園 (Tsukuba-Shi Hitachinoushiku 30.0 min walk)
, Area: 220 sq.m , Total floor area: sq.m
- Trading date: 2013-09-01 00:00:00

Trading price:   9,500,000 JPY,    Unit price:   43,182 JPY/sq.m

15. Ibaraki Tsukuba-Shi 牧園 (Tsukuba-Shi Hitachinoushiku 30.0 min walk)
, Area: 240 sq.m , Total floor area: sq.m
- Trading date: 2013-03-01 00:00:00

Trading price:   9,800,000 JPY,    Unit price:   40,833 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 increase in transactions involving relatively large size more than 100 sq.m.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 48.3 min in 2018 and 34.8 min in 2019; -28.1%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.8% of total transactions in 2018 and 4.8% of total transactions in 2019)
The table below shows Land dealt in Ibaraki JR Joban Line Hitachinoushiku, 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 Hitachinoushiku

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 (1,141) [Stations]9,800,00035,710 JPY/sq.m yrs30 min270 sq.m
JR Joban Line Hitachitaga (603) [Stations]9,100,00034,000 JPY/sq.m yrs24 min240 sq.m
JR Joban Line Hitachi (466) [Stations]9,000,00030,306 JPY/sq.m yrs26 min265 sq.m
JR Joban Line Sawa (617) [Stations]8,600,00027,333 JPY/sq.m yrs28 min300 sq.m