JR Joban Line Land average value

Price 23,313 JPY/sq.m
- Dist. from Sta. 40.9 min walk
- Property area 562 sq.m

The average price of Ibaraki JR JR Joban Line Land, in 2019 was 21,926 JPY/sq.m. The market value represents a decrease of 1,629 JPY (-6.9%) compared to 1 year ago and a transition to a bear market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 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 1.7% of total transactions in 2018 and 2.7% of total transactions in 2019)

Causes of price decreases

  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 0.9% of total transactions in 2018 and 0.5% of total transactions in 2019)
Data regarding the market value and its changes of Land in JR Joban Line were calculated using data on the sales of 17,068 properties provided by the MLIT Japan.

JR Joban Line Land market value list

StationsAverage Trading PriceAverage Unit Price#
Toride6,445,926 JPY22,985 JPY/sq.m313 件
Fujishiro7,594,792 JPY17,410 JPY/sq.m290 件
Sanuki13,022,583 JPY23,759 JPY/sq.m604 件
Ushiku9,813,505 JPY25,652 JPY/sq.m1,210 件
Hitachinoushiku14,815,596 JPY39,819 JPY/sq.m582 件
Arakawaoki11,453,130 JPY22,599 JPY/sq.m1,067 件
Tsuchiura13,362,959 JPY22,274 JPY/sq.m1,253 件
Kanndatsu10,561,987 JPY16,294 JPY/sq.m720 件
Takahama2,891,952 JPY4,956 JPY/sq.m619 件
Ishioka7,947,585 JPY14,279 JPY/sq.m664 件
Hatori3,758,963 JPY7,119 JPY/sq.m542 件
Iwama14,274,286 JPY6,886 JPY/sq.m308 件
Tomobe8,384,800 JPY17,138 JPY/sq.m470 件
Uchihara5,943,000 JPY14,996 JPY/sq.m275 件
Akatsuka10,866,603 JPY27,091 JPY/sq.m1,316 件
Kairakuenn11,558,333 JPY17,812 JPY/sq.m6 件
Mito14,022,506 JPY31,812 JPY/sq.m2,180 件
Katsuta19,005,625 JPY32,831 JPY/sq.m890 件
Sawa9,956,282 JPY24,026 JPY/sq.m458 件
Toukai12,299,561 JPY27,897 JPY/sq.m573 件
Oomika9,038,090 JPY25,283 JPY/sq.m496 件
Hitachitaga16,445,370 JPY35,439 JPY/sq.m474 件
Hitachi11,590,124 JPY33,073 JPY/sq.m376 件
Ogitsu10,134,286 JPY27,866 JPY/sq.m236 件
Juuou7,324,103 JPY23,068 JPY/sq.m244 件
Takahagi5,253,000 JPY12,766 JPY/sq.m302 件
Minaminakagou14,348,824 JPY5,359 JPY/sq.m128 件
Isohara7,084,393 JPY14,178 JPY/sq.m272 件
Ootsukou5,384,878 JPY11,995 JPY/sq.m200 件

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 堀町 (Mito-Shi Mito 30.0 min walk)
, Area: 280 sq.m , Total floor area: sq.m
- Trading date: 2008-03-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   42,857 JPY/sq.m

2. Ibaraki Mito-Shi 元吉田町 (Mito-Shi Mito 30.0 min walk)
, Area: 320 sq.m , Total floor area: sq.m
- Trading date: 2008-03-01 00:00:00

Trading price:   4,000,000 JPY,    Unit price:   12,500 JPY/sq.m

3. Ibaraki Mito-Shi 元吉田町 (Mito-Shi Mito 30.0 min walk)
, Area: 330 sq.m , Total floor area: sq.m
- Trading date: 2008-03-01 00:00:00

Trading price:   8,000,000 JPY,    Unit price:   24,242 JPY/sq.m

4. Ibaraki Tsuchiura-Shi 板谷 (Tsuchiura-Shi Tsuchiura 30.0 min walk)
, Area: 330 sq.m , Total floor area: sq.m
- Trading date: 2008-03-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   30,303 JPY/sq.m

5. Ibaraki Tsuchiura-Shi 下高津 (Tsuchiura-Shi Tsuchiura 30.0 min walk)
, Area: 310 sq.m , Total floor area: sq.m
- Trading date: 2008-03-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   45,161 JPY/sq.m

6. Ibaraki Tsuchiura-Shi 永国台 (Tsuchiura-Shi Tsuchiura 30.0 min walk)
, Area: 320 sq.m , Total floor area: sq.m
- Trading date: 2008-03-01 00:00:00

Trading price:   17,000,000 JPY,    Unit price:   53,125 JPY/sq.m

7. Ibaraki Tsuchiura-Shi 永国台 (Tsuchiura-Shi Tsuchiura 30.0 min walk)
, Area: 290 sq.m , Total floor area: sq.m
- Trading date: 2008-03-01 00:00:00

Trading price:   16,000,000 JPY,    Unit price:   55,172 JPY/sq.m

8. Ibaraki Tsuchiura-Shi 真鍋 (Tsuchiura-Shi Tsuchiura 30.0 min walk)
, Area: 290 sq.m , Total floor area: sq.m
- Trading date: 2008-03-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   44,827 JPY/sq.m

9. Ibaraki Kitaibaraki-Shi 磯原町 (Kitaibaraki-Shi Isohara 30.0 min walk)
, Area: 330 sq.m , Total floor area: sq.m
- Trading date: 2008-03-01 00:00:00

Trading price:   8,000,000 JPY,    Unit price:   24,242 JPY/sq.m

10. Ibaraki Kitaibaraki-Shi 大津町 (Kitaibaraki-Shi Ootsukou 30.0 min walk)
, Area: 340 sq.m , Total floor area: sq.m
- Trading date: 2008-03-01 00:00:00

Trading price:   7,000,000 JPY,    Unit price:   20,588 JPY/sq.m

11. Ibaraki Kitaibaraki-Shi 中郷町 (Kitaibaraki-Shi Minaminakagou 30.0 min walk)
, Area: 280 sq.m , Total floor area: sq.m
- Trading date: 2008-03-01 00:00:00

Trading price:   7,200,000 JPY,    Unit price:   25,714 JPY/sq.m

12. Ibaraki Kitaibaraki-Shi 華川町 (Kitaibaraki-Shi Isohara 30.0 min walk)
, Area: 310 sq.m , Total floor area: sq.m
- Trading date: 2008-03-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   38,709 JPY/sq.m

13. Ibaraki Kasama-Shi 五平 (Kasama-Shi Tomobe 30.0 min walk)
, Area: 310 sq.m , Total floor area: sq.m
- Trading date: 2008-03-01 00:00:00

Trading price:   9,700,000 JPY,    Unit price:   31,290 JPY/sq.m

14. Ibaraki Toride-Shi 紫水 (Toride-Shi Fujishiro 30.0 min walk)
, Area: 280 sq.m , Total floor area: sq.m
- Trading date: 2008-03-01 00:00:00

Trading price:   16,000,000 JPY,    Unit price:   57,142 JPY/sq.m

15. Ibaraki Ushiku-Shi 上柏田 (Ushiku-Shi Ushiku 30.0 min walk)
, Area: 280 sq.m , Total floor area: sq.m
- Trading date: 2008-03-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   39,285 JPY/sq.m

16. Ibaraki Ushiku-Shi さくら台 (Ushiku-Shi Ushiku 30.0 min walk)
, Area: 340 sq.m , Total floor area: sq.m
- Trading date: 2008-03-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   35,294 JPY/sq.m

17. Ibaraki Tsukuba-Shi 高崎 (Tsukuba-Shi Ushiku 30.0 min walk)
, Area: 330 sq.m , Total floor area: sq.m
- Trading date: 2008-03-01 00:00:00

Trading price:   6,500,000 JPY,    Unit price:   19,696 JPY/sq.m

18. Ibaraki Hitachinaka-Shi 大字中根 (Hitachinaka-Shi Katsuta 30.0 min walk)
, Area: 290 sq.m , Total floor area: sq.m
- Trading date: 2008-03-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   44,827 JPY/sq.m

19. Ibaraki Inashiki-Gun Ami-Machi 大字阿見 (Inashiki-Gun Arakawaoki 30.0 min walk)
, Area: 290 sq.m , Total floor area: sq.m
- Trading date: 2008-03-01 00:00:00

Trading price:   5,300,000 JPY,    Unit price:   18,275 JPY/sq.m

20. Ibaraki Mito-Shi 飯島町 (Mito-Shi Akatsuka 30.0 min walk)
, Area: 340 sq.m , Total floor area: sq.m
- Trading date: 2007-12-01 00:00:00

Trading price:   19,000,000 JPY,    Unit price:   55,882 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 relatively large size more than 100 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 1.7% of total transactions in 2018 and 2.7% of total transactions in 2019)

Causes of price decreases

  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 0.9% of total transactions in 2018 and 0.5% of total transactions in 2019)
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 Joban Line Toukai (573) [Stations]9,000,00025,000 JPY/sq.m yrs26 min345 sq.m
JR Kashima Line Kashimajinnguu (992) [Stations]7,500,00017,400 JPY/sq.m yrs30 min360 sq.m
JR Joban Line Tomobe (470) [Stations]5,500,00017,156 JPY/sq.m yrs30 min340 sq.m
JR Mito Line Tomobe (470) [Stations]5,500,00017,156 JPY/sq.m yrs30 min340 sq.m
JR Joban Line Tsuchiura (1,253) [Stations]6,000,00016,818 JPY/sq.m yrs30 min360 sq.m