JR Joban Line Rapid Train Land average value

Price 25,442 JPY/sq.m
- Dist. from Sta. 41.0 min walk
- Property area 402 sq.m

The average price of Ibaraki JR JR Joban Line Rapid Train Land, in 2019 was 27,457 JPY/sq.m. The market value represents an increase of 4,991 JPY (+22.2%) 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 very large size more than 200 sq.m.

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 55.5 min in 2018 and 66.8 min in 2019; +20.3%)
Data regarding the market value and its changes of Land in JR Joban Line Rapid Train were calculated using data on the sales of 306 properties provided by the MLIT Japan.

JR Joban Line Rapid Train Land market value list

StationsAverage Trading PriceAverage Unit Price#
Toride6,570,196 JPY25,442 JPY/sq.m306 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 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 Rapid Train 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 Rapid Train 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 Toride-Shi 青柳 (Toride-Shi Toride 29.0 min walk)
, Area: 210 sq.m , Total floor area: sq.m
- Trading date: 2008-12-01 00:00:00

Trading price:   19,000,000 JPY,    Unit price:   90,476 JPY/sq.m

2. Ibaraki Toride-Shi 光風台 (Toride-Shi Toride 30.0 min walk)
, Area: 210 sq.m , Total floor area: sq.m
- Trading date: 2008-03-01 00:00:00

Trading price:   5,500,000 JPY,    Unit price:   26,190 JPY/sq.m

3. Ibaraki Toride-Shi 小文間 (Toride-Shi Toride 30.0 min walk)
, Area: 195 sq.m , Total floor area: sq.m
- Trading date: 2008-09-01 00:00:00

Trading price:   1,200,000 JPY,    Unit price:   6,153 JPY/sq.m

4. Ibaraki Toride-Shi 光風台 (Toride-Shi Toride 30.0 min walk)
, Area: 200 sq.m , Total floor area: sq.m
- Trading date: 2011-12-01 00:00:00

Trading price:   6,500,000 JPY,    Unit price:   32,500 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 very large size more than 200 sq.m.

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 55.5 min in 2018 and 66.8 min in 2019; +20.3%)
The table below shows Land dealt in Ibaraki JR JR Joban Line Rapid Train, 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 Rapid Train

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 (561) [Stations]9,000,00025,820 JPY/sq.m yrs26 min330 sq.m
JR Joban Line Akatsuka (1,308) [Stations]8,200,00026,785 JPY/sq.m yrs30 min310 sq.m
JR Kashima Line Kashima-Soccer Stadium (20) [Stations]7,800,00023,888 JPY/sq.m yrs30 min335 sq.m
JR Joban Line Oomika (490) [Stations]5,250,00023,128 JPY/sq.m yrs30 min255 sq.m
JR Joban Line Sawa (451) [Stations]8,100,00027,926 JPY/sq.m yrs27 min295 sq.m