Ogitsu Land average value

Price 27,592 JPY/sq.m
- Dist. from Sta. 18.1 min walk
- Property area 338 sq.m

The average price of Ibaraki JR Joban Line Ogitsu Land, in 2019 was 25,616 JPY/sq.m. The market value represents an increase of 206 JPY (+0.8%) 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 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 14.6 min in 2018 and 20.4 min in 2019; +39.5%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 20.8% of total transactions in 2018 and 6.7% of total transactions in 2019)
Data regarding the market value and its changes of Land in Ogitsu were calculated using data on the sales of 303 properties provided by the MLIT Japan.

Ogitsu Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
小木津町1,200,000JPY30,000 JPY/sq.mOgitsu19 min
小木津町6,500,000JPY22,414 JPY/sq.mOgitsu19 min
小木津町9,800,000JPY31,613 JPY/sq.mOgitsu19 min
田尻町6,500,000JPY36,111 JPY/sq.mOgitsu19 min
日高町22,000,000JPY14,667 JPY/sq.mOgitsu19 min
日高町10,000,000JPY47,619 JPY/sq.mOgitsu19 min
日高町9,800,000JPY13,243 JPY/sq.mOgitsu19 min
日高町7,500,000JPY30,000 JPY/sq.mOgitsu19 min
日高町10,000,000JPY27,778 JPY/sq.mOgitsu19 min
日高町8,200,000JPY35,652 JPY/sq.mOgitsu19 min
田尻町3,300,000JPY2,750 JPY/sq.mOgitsu19 min
田尻町17,000,000JPY42,500 JPY/sq.mOgitsu19 min
相田町5,000,000JPY27,027 JPY/sq.mOgitsu19 min
小木津町450,000JPY2,143 JPY/sq.mOgitsu19 min
小木津町10,000,000JPY9,091 JPY/sq.mOgitsu19 min
日高町9,400,000JPY47,000 JPY/sq.mOgitsu19 min
日高町52,000,000JPY27,368 JPY/sq.mOgitsu19 min
日高町17,000,000JPY27,419 JPY/sq.mOgitsu19 min
日高町38,000,000JPY27,143 JPY/sq.mOgitsu19 min
田尻町8,800,000JPY45,128 JPY/sq.mOgitsu19 min

Ogitsu 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 Ogitsu 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 Ogitsu 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 Hitachi-Shi 小木津町 (Hitachi-Shi Ogitsu 19.0 min walk)
, Area: 290 sq.m , Total floor area: sq.m
- Trading date: 2015-12-01 00:00:00

Trading price:   6,500,000 JPY,    Unit price:   22,414 JPY/sq.m

2. Ibaraki Hitachi-Shi 日高町 (Hitachi-Shi Ogitsu 19.0 min walk)
, Area: 250 sq.m , Total floor area: sq.m
- Trading date: 2017-03-01 00:00:00

Trading price:   7,500,000 JPY,    Unit price:   30,000 JPY/sq.m

3. Ibaraki Hitachi-Shi 田尻町 (Hitachi-Shi Ogitsu 20.0 min walk)
, Area: 250 sq.m , Total floor area: sq.m
- Trading date: 2010-03-01 00:00:00

Trading price:   8,100,000 JPY,    Unit price:   32,400 JPY/sq.m

4. Ibaraki Hitachi-Shi 小木津町 (Hitachi-Shi Ogitsu 18.0 min walk)
, Area: 290 sq.m , Total floor area: sq.m
- Trading date: 2011-12-01 00:00:00

Trading price:   170,000 JPY,    Unit price:   586 JPY/sq.m

5. Ibaraki Hitachi-Shi 日高町 (Hitachi-Shi Ogitsu 18.0 min walk)
, Area: 260 sq.m , Total floor area: sq.m
- Trading date: 2013-12-01 00:00:00

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

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{{item.days_elapsed|days_year}} years old , Area: {{item.dimension}} sq.m , Total floor area: {{item.dimension_all}} sq.m , Layout: {{item.floor_plan}} , Structure: {{item.structure}}
- 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 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 14.6 min in 2018 and 20.4 min in 2019; +39.5%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 20.8% of total transactions in 2018 and 6.7% of total transactions in 2019)
The table below shows Land dealt in Ibaraki JR Joban Line Ogitsu, 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 Ogitsu

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 Juuou (320) [Stations]7,600,00025,000 JPY/sq.m yrs22 min300 sq.m
JR Joban Line Ushiku (1,424) [Stations]6,650,00024,808 JPY/sq.m yrs25 min235 sq.m
JR Joban Line Hitachitaga (605) [Stations]9,000,00033,600 JPY/sq.m yrs25 min240 sq.m