JR Joban Line Land average value

Price 23,538 JPY/sq.m
- Dist. from Sta. 42.5 min walk
- Property area 451 sq.m

The average price of Ibaraki JR JR Joban Line Land, in 2020 was 21,312 JPY/sq.m. The market value represents a decrease of 2,593 JPY (-10.8%) compared to 1 year ago and a transition to a weak market.

One distinguishing feature of recent real-estate transactions was a some increase in transactions involving very large size more than 200 sq.m.

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.7% of total transactions in 2019 and 3.4% of total transactions in 2020)

Causes of price decreases

  • An increase in average distance from the station (representing 41.8 min in 2019 and 48.2 min in 2020; +15.4%)
Data regarding the market value and its changes of Land in JR Joban Line were calculated using data on the sales of 22,757 properties provided by the MLIT Japan.

JR Joban Line Land market value list

StationsAverage Trading PriceAverage Unit Price#
Toride8,360,971 JPY29,546 JPY/sq.m391 件
Fujishiro9,519,865 JPY22,041 JPY/sq.m350 件
Sanuki9,767,860 JPY22,912 JPY/sq.m800 件
Ushiku11,824,147 JPY28,760 JPY/sq.m1,444 件
Hitachinoushiku14,519,651 JPY40,248 JPY/sq.m706 件
Arakawaoki14,135,912 JPY20,831 JPY/sq.m1,533 件
Tsuchiura11,703,208 JPY21,061 JPY/sq.m1,670 件
Kanndatsu10,259,509 JPY16,244 JPY/sq.m1,037 件
Takahama2,972,540 JPY6,243 JPY/sq.m828 件
Ishioka7,861,395 JPY13,382 JPY/sq.m871 件
Hatori5,608,624 JPY7,316 JPY/sq.m715 件
Iwama8,736,176 JPY6,936 JPY/sq.m381 件
Tomobe34,704,823 JPY19,437 JPY/sq.m616 件
Uchihara5,492,480 JPY14,277 JPY/sq.m391 件
Akatsuka12,886,301 JPY25,916 JPY/sq.m1,813 件
Kairakuenn11,558,333 JPY17,812 JPY/sq.m6 件
Mito14,876,895 JPY30,614 JPY/sq.m2,994 件
Katsuta16,168,339 JPY34,707 JPY/sq.m1,180 件
Sawa12,672,609 JPY26,419 JPY/sq.m627 件
Toukai12,211,771 JPY29,735 JPY/sq.m739 件
Oomika12,258,855 JPY27,172 JPY/sq.m680 件
Hitachitaga15,810,197 JPY33,794 JPY/sq.m626 件
Hitachi11,619,360 JPY34,789 JPY/sq.m485 件
Ogitsu11,482,593 JPY27,559 JPY/sq.m311 件
Juuou8,458,235 JPY23,948 JPY/sq.m327 件
Takahagi4,985,165 JPY12,825 JPY/sq.m379 件
Minaminakagou11,260,682 JPY5,943 JPY/sq.m161 件
Isohara7,530,470 JPY13,719 JPY/sq.m418 件
Ootsukou5,176,854 JPY12,411 JPY/sq.m278 件

JR Joban Line 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 JR Joban Line 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 JR Joban Line 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 曙町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 300 sq.m , Total floor area: sq.m
- Trading date: 2015-03-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   43,333 JPY/sq.m

2. Ibaraki Mito-Shi 飯島町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 280 sq.m , Total floor area: sq.m
- Trading date: 2017-06-01 00:00:00

Trading price:   4,300,000 JPY,    Unit price:   15,357 JPY/sq.m

3. Ibaraki Mito-Shi 飯島町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 280 sq.m , Total floor area: sq.m
- Trading date: 2017-06-01 00:00:00

Trading price:   4,300,000 JPY,    Unit price:   15,357 JPY/sq.m

4. Ibaraki Mito-Shi 大塚町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 270 sq.m , Total floor area: sq.m
- Trading date: 2019-09-01 00:00:00

Trading price:   5,100,000 JPY,    Unit price:   18,889 JPY/sq.m

5. Ibaraki Mito-Shi 大塚町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 290 sq.m , Total floor area: sq.m
- Trading date: 2016-12-01 00:00:00

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

6. Ibaraki Mito-Shi 大塚町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 270 sq.m , Total floor area: sq.m
- Trading date: 2016-06-01 00:00:00

Trading price:   3,500,000 JPY,    Unit price:   12,963 JPY/sq.m

7. Ibaraki Mito-Shi 大塚町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 300 sq.m , Total floor area: sq.m
- Trading date: 2015-12-01 00:00:00

Trading price:   7,300,000 JPY,    Unit price:   24,333 JPY/sq.m

8. Ibaraki Mito-Shi 加倉井町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 270 sq.m , Total floor area: sq.m
- Trading date: 2018-12-01 00:00:00

Trading price:   4,000,000 JPY,    Unit price:   14,815 JPY/sq.m

9. Ibaraki Mito-Shi 加倉井町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 280 sq.m , Total floor area: sq.m
- Trading date: 2016-12-01 00:00:00

Trading price:   3,700,000 JPY,    Unit price:   13,214 JPY/sq.m

10. Ibaraki Mito-Shi 笠原町 (Mito-Shi Mito 30.0 min walk)
, Area: 310 sq.m , Total floor area: sq.m
- Trading date: 2018-06-01 00:00:00

Trading price:   27,000,000 JPY,    Unit price:   87,097 JPY/sq.m

11. Ibaraki Mito-Shi 笠原町 (Mito-Shi Mito 30.0 min walk)
, Area: 300 sq.m , Total floor area: sq.m
- Trading date: 2016-09-01 00:00:00

Trading price:   2,000,000 JPY,    Unit price:   6,667 JPY/sq.m

12. Ibaraki Mito-Shi 笠原町 (Mito-Shi Mito 30.0 min walk)
, Area: 290 sq.m , Total floor area: sq.m
- Trading date: 2016-06-01 00:00:00

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

13. Ibaraki Mito-Shi 上水戸 (Mito-Shi Mito 30.0 min walk)
, Area: 300 sq.m , Total floor area: sq.m
- Trading date: 2017-09-01 00:00:00

Trading price:   18,000,000 JPY,    Unit price:   60,000 JPY/sq.m

14. Ibaraki Mito-Shi 河和田町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 290 sq.m , Total floor area: sq.m
- Trading date: 2018-06-01 00:00:00

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

15. Ibaraki Mito-Shi 河和田町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 290 sq.m , Total floor area: sq.m
- Trading date: 2016-09-01 00:00:00

Trading price:   7,200,000 JPY,    Unit price:   24,828 JPY/sq.m

16. Ibaraki Mito-Shi 河和田町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 280 sq.m , Total floor area: sq.m
- Trading date: 2016-03-01 00:00:00

Trading price:   8,700,000 JPY,    Unit price:   31,071 JPY/sq.m

17. Ibaraki Mito-Shi 河和田町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 270 sq.m , Total floor area: sq.m
- Trading date: 2015-12-01 00:00:00

Trading price:   6,600,000 JPY,    Unit price:   24,444 JPY/sq.m

18. Ibaraki Mito-Shi 河和田町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 270 sq.m , Total floor area: sq.m
- Trading date: 2015-09-01 00:00:00

Trading price:   6,000,000 JPY,    Unit price:   22,222 JPY/sq.m

19. Ibaraki Mito-Shi 河和田町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 300 sq.m , Total floor area: sq.m
- Trading date: 2015-09-01 00:00:00

Trading price:   7,800,000 JPY,    Unit price:   26,000 JPY/sq.m

20. Ibaraki Mito-Shi 河和田町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 280 sq.m , Total floor area: sq.m
- Trading date: 2015-09-01 00:00:00

Trading price:   5,900,000 JPY,    Unit price:   21,071 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 some increase in transactions involving very large size more than 200 sq.m.

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.7% of total transactions in 2019 and 3.4% of total transactions in 2020)

Causes of price decreases

  • An increase in average distance from the station (representing 41.8 min in 2019 and 48.2 min in 2020; +15.4%)
The table below shows Land dealt in Ibaraki JR JR Joban Line, 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 JR Joban Line

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 Kashima Line Kashima-Soccer Stadium (38) [Stations]7,900,00023,888 JPY/sq.m yrs29 min355 sq.m
JR Joban Line Akatsuka (1,813) [Stations]7,500,00025,147 JPY/sq.m yrs30 min290 sq.m
JR Joban Line Oomika (680) [Stations]7,000,00026,000 JPY/sq.m yrs29 min275 sq.m
JR Joban Line Sawa (627) [Stations]8,900,00027,670 JPY/sq.m yrs28 min300 sq.m