Kairakuenn Land average value

Price 17,812 JPY/sq.m
- Dist. from Sta. 48.2 min walk
- Property area 750 sq.m

The average price of Ibaraki JR Joban Line Kairakuenn Land, in 2016 was 37,634 JPY/sq.m. The market value represents an increase of 27,634 JPY (+276.3%) compared to 1 year ago and a transition to a dramatic market.

One distinguishing feature of recent real-estate transactions was a slight decrease in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 30.0 min in 2015 and 60.0 min in 2016; +100.0%)
Data regarding the market value and its changes of Land in Kairakuenn were calculated using data on the sales of 6 properties provided by the MLIT Japan.

Kairakuenn Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
酒門町5,000,000JPY10,000 JPY/sq.mKairakuenn30 min
笠原町19,000,000JPY24,675 JPY/sq.mKairakuenn30 min
笠原町35,000,000JPY37,634 JPY/sq.mKairakuenn60 min
吉沢町6,500,000JPY5,000 JPY/sq.mKairakuenn60 min
Note! This area does not have enough purchase history data accumulated to calculate a correct market value. As a result, please be advised that the calculated market value you see may differ greatly from the actual trading price.

Kairakuenn 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 Kairakuenn 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 Kairakuenn 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 Mito-Shi 笠原町 (Mito-Shi Kairakuenn 60.0 min walk)
, Area: 930 sq.m , Total floor area: sq.m
- Trading date: 2016-03-01 00:00:00

Trading price:   35,000,000 JPY,    Unit price:   37,634 JPY/sq.m

2. Ibaraki Mito-Shi 酒門町 (Mito-Shi Kairakuenn 30.0 min walk)
, Area: 500 sq.m , Total floor area: sq.m
- Trading date: 2015-03-01 00:00:00

Trading price:   5,000,000 JPY,    Unit price:   10,000 JPY/sq.m

3. Ibaraki Mito-Shi 笠原町 (Mito-Shi Kairakuenn 30.0 min walk)
, Area: 770 sq.m , Total floor area: sq.m
- Trading date: 2012-06-01 00:00:00

Trading price:   19,000,000 JPY,    Unit price:   24,675 JPY/sq.m

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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 slight decrease in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 30.0 min in 2015 and 60.0 min in 2016; +100.0%)
The table below shows Land dealt in Ibaraki JR Joban Line Kairakuenn, 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 Kairakuenn

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 Tomobe (604) [Stations]6,000,00018,519 JPY/sq.m yrs30 min300 sq.m
JR Joban Line Tsuchiura (1,622) [Stations]5,500,00016,667 JPY/sq.m yrs30 min325 sq.m
JR Joban Line Kanndatsu (997) [Stations]5,000,00012,727 JPY/sq.m yrs30 min340 sq.m
JR Joban Line Uchihara (378) [Stations]3,350,00012,500 JPY/sq.m yrs30 min315 sq.m