Iwama Land average value

Price 7,107 JPY/sq.m
- Dist. from Sta. 40.4 min walk
- Property area 590 sq.m

The average price of Ibaraki JR Joban Line Iwama Land, in 2019 was 5,314 JPY/sq.m. The market value represents a decrease of 2,696 JPY (-33.7%) compared to 1 year ago and a transition to a dramatic market.

One distinguishing feature of recent real-estate transactions was an increase in transactions involving very large size more than 200 sq.m.

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 44.4 min in 2018 and 55.8 min in 2019; +25.7%)
Data regarding the market value and its changes of Land in Iwama were calculated using data on the sales of 370 properties provided by the MLIT Japan.

Iwama Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
押辺3,500,000JPY12,963 JPY/sq.mIwama28 min
市野谷1,500,000JPY8,571 JPY/sq.mIwama29 min
840,000JPY4,421 JPY/sq.mIwama30 min
市野谷2,200,000JPY12,571 JPY/sq.mIwama30 min
市野谷800,000JPY2,424 JPY/sq.mIwama30 min
市野谷2,100,000JPY2,386 JPY/sq.mIwama30 min
大古山3,000,000JPY6,000 JPY/sq.mIwama30 min
大古山1,700,000JPY8,095 JPY/sq.mIwama30 min
300,000JPY1,500 JPY/sq.mIwama30 min
押辺10,000,000JPY6,667 JPY/sq.mIwama30 min
押辺3,700,000JPY3,364 JPY/sq.mIwama30 min
押辺1,600,000JPY9,143 JPY/sq.mIwama30 min
押辺2,300,000JPY2,091 JPY/sq.mIwama30 min
押辺870,000JPY3,000 JPY/sq.mIwama30 min
押辺550,000JPY2,973 JPY/sq.mIwama30 min
押辺3,000,000JPY2,000 JPY/sq.mIwama30 min
押辺16,000,000JPY- JPY/sq.mIwama30 min
上郷1,000,000JPY714 JPY/sq.mIwama30 min
上郷170,000JPY258 JPY/sq.mIwama30 min
下郷510,000JPY6,000 JPY/sq.mIwama30 min

Iwama 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 Iwama 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 Iwama 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 Kasama-Shi 福島 (Kasama-Shi Iwama 30.0 min walk)
, Area: 430 sq.m , Total floor area: sq.m
- Trading date: 2010-06-01 00:00:00

Trading price:   2,900,000 JPY,    Unit price:   6,744 JPY/sq.m

2. Ibaraki Kasama-Shi 泉 (Kasama-Shi Iwama 30.0 min walk)
, Area: 370 sq.m , Total floor area: sq.m
- Trading date: 2008-09-01 00:00:00

Trading price:   2,200,000 JPY,    Unit price:   5,946 JPY/sq.m

3. Ibaraki Kasama-Shi 泉 (Kasama-Shi Iwama 30.0 min walk)
, Area: 370 sq.m , Total floor area: sq.m
- Trading date: 2007-06-01 00:00:00

Trading price:   2,000,000 JPY,    Unit price:   5,405 JPY/sq.m

4. Ibaraki Kasama-Shi 大古山 (Kasama-Shi Iwama 30.0 min walk)
, Area: 380 sq.m , Total floor area: sq.m
- Trading date: 2012-06-01 00:00:00

Trading price:   3,900,000 JPY,    Unit price:   10,263 JPY/sq.m

5. Ibaraki Kasama-Shi 泉 (Kasama-Shi Iwama 30.0 min walk)
, Area: 410 sq.m , Total floor area: sq.m
- Trading date: 2009-03-01 00:00:00

Trading price:   1,200,000 JPY,    Unit price:   2,927 JPY/sq.m

6. Ibaraki Kasama-Shi 市野谷 (Kasama-Shi Iwama 30.0 min walk)
, Area: 420 sq.m , Total floor area: sq.m
- Trading date: 2009-09-01 00:00:00

Trading price:   2,700,000 JPY,    Unit price:   6,429 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 an increase in transactions involving very large size more than 200 sq.m.

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 44.4 min in 2018 and 55.8 min in 2019; +25.7%)
The table below shows Land dealt in Ibaraki JR Joban Line Iwama, 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 Iwama

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 Minaminakagou (157) [Stations]2,500,0005,000 JPY/sq.m yrs26 min370 sq.m
JR Joban Line Ootsukou (268) [Stations]3,800,0009,302 JPY/sq.m yrs20 min340 sq.m
JR Joban Line Takahagi (374) [Stations]4,100,0009,666 JPY/sq.m yrs30 min330 sq.m
JR Joban Line Hatori (681) [Stations]2,000,0004,545 JPY/sq.m yrs30 min330 sq.m