Ootsukou Land average value

Price 12,164 JPY/sq.m
- Dist. from Sta. 20.7 min walk
- Property area 466 sq.m

The average price of Ibaraki JR Joban Line Ootsukou Land, in 2019 was 19,091 JPY/sq.m. The market value represents an increase of 4,242 JPY (+28.6%) 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

  • An increase in average distance from the station (representing 19.6 min in 2018 and 22.1 min in 2019; +12.8%)
Data regarding the market value and its changes of Land in Ootsukou were calculated using data on the sales of 267 properties provided by the MLIT Japan.

Ootsukou Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
大津町1,700,000JPY8,500 JPY/sq.mOotsukou19 min
関南町1,600,000JPY6,957 JPY/sq.mOotsukou19 min
大津町500,000JPY5,556 JPY/sq.mOotsukou20 min
関南町2,600,000JPY6,842 JPY/sq.mOotsukou20 min
関本町1,700,000JPY9,444 JPY/sq.mOotsukou20 min
関本町4,100,000JPY13,226 JPY/sq.mOotsukou20 min
関本町4,100,000JPY7,593 JPY/sq.mOotsukou20 min
関本町1,700,000JPY6,296 JPY/sq.mOotsukou20 min
平潟町1,500,000JPY9,375 JPY/sq.mOotsukou20 min
平潟町1,300,000JPY6,500 JPY/sq.mOotsukou20 min
関南町6,000,000JPY18,182 JPY/sq.mOotsukou20 min
関本町2,700,000JPY6,136 JPY/sq.mOotsukou20 min
平潟町2,600,000JPY17,931 JPY/sq.mOotsukou20 min
平潟町4,800,000JPY17,143 JPY/sq.mOotsukou20 min
関南町500,000JPY505 JPY/sq.mOotsukou20 min
関南町13,000,000JPY8,125 JPY/sq.mOotsukou20 min
関本町1,400,000JPY7,568 JPY/sq.mOotsukou20 min
関南町2,700,000JPY6,923 JPY/sq.mOotsukou21 min
関南町3,000,000JPY6,818 JPY/sq.mOotsukou21 min
関南町260,000JPY510 JPY/sq.mOotsukou21 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:
{{infoObj.place}} {{infoObj.stations[0]}} {{infoObj.station_distance}} min walk)
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 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.

{{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 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:   13,226 JPY/sq.m

2. 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:   18,182 JPY/sq.m

3. 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:   19,143 JPY/sq.m

4. Ibaraki Kitaibaraki-Shi 関南町 (Kitaibaraki-Shi Ootsukou 18.0 min walk)
, Area: 310 sq.m , Total floor area: sq.m
- Trading date: 2018-06-01 00:00:00

Trading price:   4,000,000 JPY,    Unit price:   12,903 JPY/sq.m

5. Ibaraki Kitaibaraki-Shi 関南町 (Kitaibaraki-Shi Ootsukou 22.0 min walk)
, Area: 330 sq.m , Total floor area: sq.m
- Trading date: 2014-06-01 00:00:00

Trading price:   7,000,000 JPY,    Unit price:   21,212 JPY/sq.m

6. Ibaraki Kitaibaraki-Shi 関南町 (Kitaibaraki-Shi Ootsukou 18.0 min walk)
, Area: 370 sq.m , Total floor area: sq.m
- Trading date: 2014-03-01 00:00:00

Trading price:   2,500,000 JPY,    Unit price:   6,757 JPY/sq.m

{{$index+1}}. {{item.place}} ({{item.stations[0]}} {{item.station_distance}} min walk)
{{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

  • An increase in average distance from the station (representing 19.6 min in 2018 and 22.1 min in 2019; +12.8%)
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 Ishioka (823) [Stations]4,350,00012,157 JPY/sq.m yrs30 min320 sq.m
JR Joban Line Isohara (397) [Stations]6,250,00012,326 JPY/sq.m yrs23 min330 sq.m
JR Joban Line Uchihara (378) [Stations]3,350,00012,500 JPY/sq.m yrs30 min315 sq.m
JR Joban Line Kanndatsu (997) [Stations]5,000,00012,727 JPY/sq.m yrs30 min340 sq.m
JR Joban Line Fujishiro (339) [Stations]5,250,00014,512 JPY/sq.m yrs24 min285 sq.m