Ogitsu Land average value

Price 28,596 JPY/sq.m
- Dist. from Sta. 16.9 min walk
- Property area 400 sq.m

The average price of Ibaraki JR Joban Line Ogitsu Land, in 2019 was 15,987 JPY/sq.m. The market value represents a decrease of 15,966 JPY (-50.0%) 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 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 11.8 min in 2018 and 23.5 min in 2019; +100.0%)
Data regarding the market value and its changes of Land in Ogitsu were calculated using data on the sales of 232 properties provided by the MLIT Japan.

Ogitsu Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
日高町4,000,000JPY5,882 JPY/sq.mOgitsu18 min
田尻町1,300,000JPY32,500 JPY/sq.mOgitsu18 min
小木津町150,000JPY283 JPY/sq.mOgitsu18 min
小木津町170,000JPY586 JPY/sq.mOgitsu18 min
小木津町10,000,000JPY23,809 JPY/sq.mOgitsu18 min
日高町9,500,000JPY36,538 JPY/sq.mOgitsu18 min
日高町32,000,000JPY24,615 JPY/sq.mOgitsu18 min
日高町38,000,000JPY27,142 JPY/sq.mOgitsu18 min
田尻町7,000,000JPY17,073 JPY/sq.mOgitsu18 min
かみあい町6,000,000JPY27,272 JPY/sq.mOgitsu18 min
日高町1,300,000JPY43,333 JPY/sq.mOgitsu18 min
小木津町7,800,000JPY12,000 JPY/sq.mOgitsu18 min
小木津町7,000,000JPY31,818 JPY/sq.mOgitsu18 min
小木津町7,500,000JPY24,193 JPY/sq.mOgitsu18 min
日高町10,000,000JPY47,619 JPY/sq.mOgitsu19 min
田尻町3,300,000JPY2,750 JPY/sq.mOgitsu19 min
日高町22,000,000JPY14,666 JPY/sq.mOgitsu19 min
日高町8,200,000JPY35,652 JPY/sq.mOgitsu19 min
田尻町8,800,000JPY45,128 JPY/sq.mOgitsu19 min
田尻町17,000,000JPY42,500 JPY/sq.mOgitsu19 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 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 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

2. 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

3. Ibaraki Hitachi-Shi 小木津町 (Hitachi-Shi Ogitsu 18.0 min walk)
, Area: 310 sq.m , Total floor area: sq.m
- Trading date: 2018-12-01 00:00:00

Trading price:   7,500,000 JPY,    Unit price:   24,193 JPY/sq.m

4. Ibaraki Hitachi-Shi 日高町 (Hitachi-Shi Ogitsu 19.0 min walk)
, Area: 230 sq.m , Total floor area: sq.m
- Trading date: 2011-09-01 00:00:00

Trading price:   8,200,000 JPY,    Unit price:   35,652 JPY/sq.m

5. Ibaraki Hitachi-Shi 日高町 (Hitachi-Shi Ogitsu 16.0 min walk)
, Area: 250 sq.m , Total floor area: sq.m
- Trading date: 2009-06-01 00:00:00

Trading price:   9,500,000 JPY,    Unit price:   38,000 JPY/sq.m

6. 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

7. Ibaraki Hitachi-Shi 小木津町 (Hitachi-Shi Ogitsu 16.0 min walk)
, Area: 310 sq.m , Total floor area: sq.m
- Trading date: 2013-06-01 00:00:00

Trading price:   7,800,000 JPY,    Unit price:   25,161 JPY/sq.m

8. Ibaraki Hitachi-Shi 日高町 (Hitachi-Shi Ogitsu 16.0 min walk)
, Area: 250 sq.m , Total floor area: sq.m
- Trading date: 2015-12-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   52,000 JPY/sq.m

9. Ibaraki Hitachi-Shi 田尻町 (Hitachi-Shi Ogitsu 16.0 min walk)
, Area: 270 sq.m , Total floor area: sq.m
- Trading date: 2014-09-01 00:00:00

Trading price:   8,800,000 JPY,    Unit price:   32,592 JPY/sq.m

10. Ibaraki Hitachi-Shi 日高町 (Hitachi-Shi Ogitsu 20.0 min walk)
, Area: 230 sq.m , Total floor area: sq.m
- Trading date: 2016-03-01 00:00:00

Trading price:   4,000,000 JPY,    Unit price:   17,391 JPY/sq.m

11. Ibaraki Hitachi-Shi 小木津町 (Hitachi-Shi Ogitsu 15.0 min walk)
, Area: 270 sq.m , Total floor area: sq.m
- Trading date: 2010-06-01 00:00:00

Trading price:   3,800,000 JPY,    Unit price:   14,074 JPY/sq.m

12. Ibaraki Hitachi-Shi 日高町 (Hitachi-Shi Ogitsu 15.0 min walk)
, Area: 290 sq.m , Total floor area: sq.m
- Trading date: 2013-03-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   41,379 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 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 11.8 min in 2018 and 23.5 min in 2019; +100.0%)
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 Hitachi (373) [Stations]8,500,00027,947 JPY/sq.m yrs26 min280 sq.m
JR Joban Line Sawa (451) [Stations]8,100,00027,926 JPY/sq.m yrs27 min295 sq.m
JR Joban Line Toukai (561) [Stations]9,000,00025,820 JPY/sq.m yrs26 min330 sq.m
JR Joban Line Hitachitaga (464) [Stations]9,400,00035,789 JPY/sq.m yrs24 min240 sq.m