Mito Land average value

Price 30,377 JPY/sq.m
- Dist. from Sta. 54.9 min walk
- Property area 436 sq.m

The average price of Ibaraki JR Joban Line Mito Land, in 2019 was 31,252 JPY/sq.m. The market value represents a decrease of 342 JPY (-1.1%) compared to 1 year ago and a transition to a slight 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

  • An decrease in average distance from the station (representing 60.7 min in 2018 and 53.9 min in 2019; -11.2%)
Data regarding the market value and its changes of Land in Mito were calculated using data on the sales of 2,890 properties provided by the MLIT Japan.

Mito Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
青柳町4,800,000JPY15,000 JPY/sq.mMito60 min
青柳町600,000JPY6,316 JPY/sq.mMito60 min
圷大野1,700,000JPY28,333 JPY/sq.mMito60 min
圷大野4,700,000JPY17,407 JPY/sq.mMito60 min
圷大野7,100,000JPY16,136 JPY/sq.mMito60 min
圷大野1,100,000JPY7,097 JPY/sq.mMito60 min
圷大野12,000,000JPY7,500 JPY/sq.mMito60 min
圷大野790,000JPY6,320 JPY/sq.mMito60 min
圷大野5,500,000JPY7,746 JPY/sq.mMito60 min
圷大野3,300,000JPY10,312 JPY/sq.mMito60 min
圷大野2,300,000JPY4,600 JPY/sq.mMito60 min
笠原町31,000,000JPY31,313 JPY/sq.mMito60 min
笠原町1,000,000JPY28,571 JPY/sq.mMito60 min
笠原町18,000,000JPY28,125 JPY/sq.mMito60 min
笠原町8,800,000JPY22,564 JPY/sq.mMito60 min
笠原町11,000,000JPY39,286 JPY/sq.mMito60 min
笠原町10,000,000JPY40,000 JPY/sq.mMito60 min
笠原町9,500,000JPY28,788 JPY/sq.mMito60 min
笠原町14,000,000JPY56,000 JPY/sq.mMito60 min
笠原町13,000,000JPY52,000 JPY/sq.mMito60 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
{{infoObj.days_elapsed|days_year}} years old , Area: {{infoObj.dimension}} sq.m , Total floor area: {{infoObj.dimension_all}} sq.m , Layout: {{infoObj.floor_plan}} , Structure: {{infoObj.structure}}
- 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 Mito 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 Mito 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 Mito-Shi 圷大野 (Mito-Shi Mito 60.0 min walk)
, Area: 270 sq.m , Total floor area: sq.m
- Trading date: 2018-06-01 00:00:00

Trading price:   4,700,000 JPY,    Unit price:   17,407 JPY/sq.m

2. Ibaraki Mito-Shi 笠原町 (Mito-Shi Mito 60.0 min walk)
, Area: 280 sq.m , Total floor area: sq.m
- Trading date: 2019-03-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   39,286 JPY/sq.m

3. Ibaraki Mito-Shi 笠原町 (Mito-Shi Mito 60.0 min walk)
, Area: 290 sq.m , Total floor area: sq.m
- Trading date: 2018-09-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   37,931 JPY/sq.m

4. Ibaraki Mito-Shi 笠原町 (Mito-Shi Mito 60.0 min walk)
, Area: 270 sq.m , Total floor area: sq.m
- Trading date: 2018-09-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   40,741 JPY/sq.m

5. Ibaraki Mito-Shi 笠原町 (Mito-Shi Mito 60.0 min walk)
, Area: 270 sq.m , Total floor area: sq.m
- Trading date: 2018-06-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   37,037 JPY/sq.m

6. Ibaraki Mito-Shi 笠原町 (Mito-Shi Mito 60.0 min walk)
, Area: 270 sq.m , Total floor area: sq.m
- Trading date: 2016-09-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   40,741 JPY/sq.m

7. Ibaraki Mito-Shi 笠原町 (Mito-Shi Mito 60.0 min walk)
, Area: 280 sq.m , Total floor area: sq.m
- Trading date: 2015-12-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   42,857 JPY/sq.m

8. Ibaraki Mito-Shi 笠原町 (Mito-Shi Mito 60.0 min walk)
, Area: 280 sq.m , Total floor area: sq.m
- Trading date: 2015-06-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   35,714 JPY/sq.m

9. Ibaraki Mito-Shi けやき台 (Mito-Shi Mito 60.0 min walk)
, Area: 310 sq.m , Total floor area: sq.m
- Trading date: 2016-03-01 00:00:00

Trading price:   18,000,000 JPY,    Unit price:   58,065 JPY/sq.m

10. Ibaraki Mito-Shi 小吹町 (Mito-Shi Mito 60.0 min walk)
, Area: 270 sq.m , Total floor area: sq.m
- Trading date: 2017-06-01 00:00:00

Trading price:   9,300,000 JPY,    Unit price:   34,444 JPY/sq.m

11. Ibaraki Mito-Shi 小吹町 (Mito-Shi Mito 60.0 min walk)
, Area: 300 sq.m , Total floor area: sq.m
- Trading date: 2015-12-01 00:00:00

Trading price:   8,500,000 JPY,    Unit price:   28,333 JPY/sq.m

12. Ibaraki Mito-Shi 酒門町 (Mito-Shi Mito 60.0 min walk)
, Area: 290 sq.m , Total floor area: sq.m
- Trading date: 2019-06-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   34,483 JPY/sq.m

13. Ibaraki Mito-Shi 酒門町 (Mito-Shi Mito 60.0 min walk)
, Area: 290 sq.m , Total floor area: sq.m
- Trading date: 2017-03-01 00:00:00

Trading price:   7,000,000 JPY,    Unit price:   24,138 JPY/sq.m

14. Ibaraki Mito-Shi 酒門町 (Mito-Shi Mito 60.0 min walk)
, Area: 280 sq.m , Total floor area: sq.m
- Trading date: 2017-03-01 00:00:00

Trading price:   4,000,000 JPY,    Unit price:   14,286 JPY/sq.m

15. Ibaraki Mito-Shi 酒門町 (Mito-Shi Mito 60.0 min walk)
, Area: 300 sq.m , Total floor area: sq.m
- Trading date: 2016-06-01 00:00:00

Trading price:   6,700,000 JPY,    Unit price:   22,333 JPY/sq.m

16. Ibaraki Mito-Shi 酒門町 (Mito-Shi Mito 60.0 min walk)
, Area: 300 sq.m , Total floor area: sq.m
- Trading date: 2016-03-01 00:00:00

Trading price:   6,000,000 JPY,    Unit price:   20,000 JPY/sq.m

17. Ibaraki Mito-Shi 千波町 (Mito-Shi Mito 60.0 min walk)
, Area: 300 sq.m , Total floor area: sq.m
- Trading date: 2016-03-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   40,000 JPY/sq.m

18. Ibaraki Mito-Shi 東野町 (Mito-Shi Mito 60.0 min walk)
, Area: 280 sq.m , Total floor area: sq.m
- Trading date: 2018-09-01 00:00:00

Trading price:   3,500,000 JPY,    Unit price:   12,500 JPY/sq.m

19. Ibaraki Mito-Shi 東野町 (Mito-Shi Mito 60.0 min walk)
, Area: 310 sq.m , Total floor area: sq.m
- Trading date: 2015-12-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   32,258 JPY/sq.m

20. Ibaraki Mito-Shi 東野町 (Mito-Shi Mito 60.0 min walk)
, Area: 290 sq.m , Total floor area: sq.m
- Trading date: 2015-12-01 00:00:00

Trading price:   7,000,000 JPY,    Unit price:   24,138 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 dramatic increase in transactions involving relatively large size more than 100 sq.m.

Cause of price increases

  • An decrease in average distance from the station (representing 60.7 min in 2018 and 53.9 min in 2019; -11.2%)
The table below shows Land dealt in Ibaraki JR Joban Line Mito, 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 Mito

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 Hitachi (466) [Stations]9,000,00030,306 JPY/sq.m yrs26 min265 sq.m
JR Joban Line Hitachinoushiku (698) [Stations]11,000,00030,000 JPY/sq.m yrs30 min240 sq.m
JR Joban Line Sawa (617) [Stations]8,600,00027,333 JPY/sq.m yrs28 min300 sq.m
JR Joban Line Hitachitaga (603) [Stations]9,100,00034,000 JPY/sq.m yrs24 min240 sq.m