Iwama Land average value

Price 7,293 JPY/sq.m
- Dist. from Sta. 36.6 min walk
- Property area 691 sq.m

The average price of Ibaraki JR Joban Line Iwama Land, in 2019 was 12,528 JPY/sq.m. The market value represents an increase of 4,957 JPY (+65.5%) 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 locations less than ten minutes by foot from the station.

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 37.9 min in 2018 and 46.0 min in 2019; +21.5%)
Data regarding the market value and its changes of Land in Iwama were calculated using data on the sales of 306 properties provided by the MLIT Japan.

Iwama Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
押辺7,400,000JPY13,214 JPY/sq.mIwama30 min
下郷2,800,000JPY11,666 JPY/sq.mIwama30 min
300,000JPY1,500 JPY/sq.mIwama30 min
下郷2,300,000JPY2,090 JPY/sq.mIwama30 min
福島2,900,000JPY6,744 JPY/sq.mIwama30 min
1,000,000JPY5,263 JPY/sq.mIwama30 min
市野谷2,700,000JPY6,428 JPY/sq.mIwama30 min
押辺13,000,000JPY7,647 JPY/sq.mIwama30 min
下郷3,000,000JPY12,000 JPY/sq.mIwama30 min
土師7,400,000JPY7,551 JPY/sq.mIwama30 min
4,800,000JPY10,212 JPY/sq.mIwama30 min
2,200,000JPY5,945 JPY/sq.mIwama30 min
870,000JPY7,565 JPY/sq.mIwama30 min
1,100,000JPY7,096 JPY/sq.mIwama30 min
2,600,000JPY5,416 JPY/sq.mIwama30 min
福島2,700,000JPY4,218 JPY/sq.mIwama30 min
押辺1,700,000JPY- JPY/sq.mIwama30 min
下郷8,400,000JPY7,000 JPY/sq.mIwama30 min
下郷16,000,000JPY- JPY/sq.mIwama30 min
土師20,000,000JPY- JPY/sq.mIwama30 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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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 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:   5,945 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: 2007-06-01 00:00:00

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

3. Ibaraki Kasama-Shi 下郷 (Kasama-Shi Iwama 30.0 min walk)
, Area: 330 sq.m , Total floor area: sq.m
- Trading date: 2013-12-01 00:00:00

Trading price:   2,900,000 JPY,    Unit price:   8,787 JPY/sq.m

4. Ibaraki Kasama-Shi 市野谷 (Kasama-Shi Iwama 30.0 min walk)
, Area: 330 sq.m , Total floor area: sq.m
- Trading date: 2015-03-01 00:00:00

Trading price:   800,000 JPY,    Unit price:   2,424 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 locations less than ten minutes by foot from the station.

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 37.9 min in 2018 and 46.0 min in 2019; +21.5%)
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 Ootsukou (196) [Stations]4,000,0009,302 JPY/sq.m yrs23 min330 sq.m
JR Joban Line Minaminakagou (127) [Stations]2,500,0004,687 JPY/sq.m yrs28 min1,050 sq.m
JR Joban Line Takahagi (299) [Stations]4,300,00010,000 JPY/sq.m yrs30 min375 sq.m
JR Joban Line Hatori (532) [Stations]2,000,0004,444 JPY/sq.m yrs30 min370 sq.m