Ootsukou Land average value

Price 11,137 JPY/sq.m
- Dist. from Sta. 21.8 min walk
- Property area 452 sq.m

The average price of Ibaraki JR Joban Line Ootsukou Land, in 2019 was 16,427 JPY/sq.m. The market value represents an increase of 115 JPY (+0.7%) 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 relatively far from the station less than twenty minutes by foot from the station.

Cause of price increases

  • An decrease in average distance from the station (representing 25.6 min in 2018 and 23.0 min in 2019; -10.1%)
Data regarding the market value and its changes of Land in Ootsukou were calculated using data on the sales of 196 properties provided by the MLIT Japan.

Ootsukou Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
関南町1,200,000JPY7,058 JPY/sq.mOotsukou21 min
関南町6,700,000JPY19,142 JPY/sq.mOotsukou21 min
関南町2,700,000JPY6,923 JPY/sq.mOotsukou21 min
関南町260,000JPY509 JPY/sq.mOotsukou21 min
関南町1,800,000JPY9,000 JPY/sq.mOotsukou23 min
関南町7,500,000JPY7,575 JPY/sq.mOotsukou23 min
平潟町2,000,000JPY12,903 JPY/sq.mOotsukou23 min
関南町3,200,000JPY6,808 JPY/sq.mOotsukou23 min
関南町7,800,000JPY7,090 JPY/sq.mOotsukou23 min
関南町7,900,000JPY7,181 JPY/sq.mOotsukou23 min
関南町5,600,000JPY6,829 JPY/sq.mOotsukou23 min
関南町5,600,000JPY8,484 JPY/sq.mOotsukou23 min
関本町6,500,000JPY16,250 JPY/sq.mOotsukou24 min
関南町1,500,000JPY4,166 JPY/sq.mOotsukou24 min
関南町5,100,000JPY7,500 JPY/sq.mOotsukou25 min
大津町2,100,000JPY24,705 JPY/sq.mOotsukou25 min
関南町29,000,000JPY- JPY/sq.mOotsukou25 min
関南町3,100,000JPY7,045 JPY/sq.mOotsukou25 min
関本町4,000,000JPY9,090 JPY/sq.mOotsukou25 min
関南町5,100,000JPY20,400 JPY/sq.mOotsukou25 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 Ootsukou 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 Ootsukou 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 Kitaibaraki-Shi 関南町 (Kitaibaraki-Shi Ootsukou 24.0 min walk)
, Area: 360 sq.m , Total floor area: sq.m
- Trading date: 2013-09-01 00:00:00

Trading price:   1,500,000 JPY,    Unit price:   4,166 JPY/sq.m

2. Ibaraki Kitaibaraki-Shi 関南町 (Kitaibaraki-Shi Ootsukou 21.0 min walk)
, Area: 350 sq.m , Total floor area: sq.m
- Trading date: 2013-12-01 00:00:00

Trading price:   6,700,000 JPY,    Unit price:   19,142 JPY/sq.m

3. Ibaraki Kitaibaraki-Shi 関南町 (Kitaibaraki-Shi Ootsukou 21.0 min walk)
, Area: 390 sq.m , Total floor area: sq.m
- Trading date: 2012-09-01 00:00:00

Trading price:   2,700,000 JPY,    Unit price:   6,923 JPY/sq.m

4. Ibaraki Kitaibaraki-Shi 関南町 (Kitaibaraki-Shi Ootsukou 20.0 min walk)
, Area: 330 sq.m , Total floor area: sq.m
- Trading date: 2012-09-01 00:00:00

Trading price:   6,000,000 JPY,    Unit price:   18,181 JPY/sq.m

5. Ibaraki Kitaibaraki-Shi 平潟町 (Kitaibaraki-Shi Ootsukou 20.0 min walk)
, Area: 280 sq.m , Total floor area: sq.m
- Trading date: 2012-09-01 00:00:00

Trading price:   4,800,000 JPY,    Unit price:   17,142 JPY/sq.m

6. Ibaraki Kitaibaraki-Shi 関本町 (Kitaibaraki-Shi Ootsukou 20.0 min walk)
, Area: 310 sq.m , Total floor area: sq.m
- Trading date: 2015-12-01 00:00:00

Trading price:   4,100,000 JPY,    Unit price:   13,225 JPY/sq.m

7. Ibaraki Kitaibaraki-Shi 関南町 (Kitaibaraki-Shi Ootsukou 20.0 min walk)
, Area: 380 sq.m , Total floor area: sq.m
- Trading date: 2016-09-01 00:00:00

Trading price:   2,600,000 JPY,    Unit price:   6,842 JPY/sq.m

8. Ibaraki Kitaibaraki-Shi 関南町 (Kitaibaraki-Shi Ootsukou 26.0 min walk)
, Area: 290 sq.m , Total floor area: sq.m
- Trading date: 2017-12-01 00:00:00

Trading price:   4,000,000 JPY,    Unit price:   13,793 JPY/sq.m

9. Ibaraki Kitaibaraki-Shi 関南町 (Kitaibaraki-Shi Ootsukou 26.0 min walk)
, Area: 320 sq.m , Total floor area: sq.m
- Trading date: 2018-12-01 00:00:00

Trading price:   5,400,000 JPY,    Unit price:   16,875 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 locations relatively far from the station less than twenty minutes by foot from the station.

Cause of price increases

  • An decrease in average distance from the station (representing 25.6 min in 2018 and 23.0 min in 2019; -10.1%)
The table below shows Land dealt in Ibaraki JR Joban Line Ootsukou, 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 Ootsukou

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 Uchihara (274) [Stations]3,000,00011,212 JPY/sq.m yrs29 min430 sq.m
JR Joban Line Ishioka (651) [Stations]4,150,00012,000 JPY/sq.m yrs30 min340 sq.m
JR Joban Line Takahagi (299) [Stations]4,300,00010,000 JPY/sq.m yrs30 min375 sq.m
JR Joban Line Fujishiro (289) [Stations]4,600,00013,333 JPY/sq.m yrs25 min325 sq.m