JR Mito Line Land average value

Price 12,635 JPY/sq.m
- Dist. from Sta. 41.2 min walk
- Property area 654 sq.m

The average price of Ibaraki JR JR Mito Line Land, in 2019 was 11,303 JPY/sq.m. The market value represents an increase of 82 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 relatively large size more than 100 sq.m.

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 5.1% of total transactions in 2018 and 2.9% of total transactions in 2019)
Data regarding the market value and its changes of Land in JR Mito Line were calculated using data on the sales of 2,497 properties provided by the MLIT Japan.

JR Mito Line Land market value list

StationsAverage Trading PriceAverage Unit Price#
Otabayashi8,671,842 JPY10,818 JPY/sq.m38 件
Yuuki7,224,561 JPY15,951 JPY/sq.m523 件
Higashiyuuki4,823,750 JPY11,857 JPY/sq.m16 件
Kawashima17,988,857 JPY8,589 JPY/sq.m117 件
Tamado10,416,222 JPY17,059 JPY/sq.m90 件
Shimodate6,505,356 JPY13,244 JPY/sq.m355 件
Niihari6,984,444 JPY11,615 JPY/sq.m100 件
Yamato3,648,214 JPY5,511 JPY/sq.m71 件
Iwase5,282,817 JPY10,504 JPY/sq.m279 件
Haguro4,024,516 JPY8,775 JPY/sq.m62 件
Fukuhara4,513,500 JPY7,286 JPY/sq.m20 件
Inada3,859,546 JPY7,351 JPY/sq.m44 件
Kasama6,041,875 JPY9,098 JPY/sq.m250 件
Shishido7,175,806 JPY12,983 JPY/sq.m62 件
Tomobe8,384,800 JPY17,138 JPY/sq.m470 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 Mito 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 Mito 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 Kasama-Shi 旭町 (Kasama-Shi Tomobe 30.0 min walk)
, Area: 420 sq.m , Total floor area: sq.m
- Trading date: 2008-03-01 00:00:00

Trading price:   2,000,000 JPY,    Unit price:   4,761 JPY/sq.m

2. Ibaraki Kasama-Shi 旭町 (Kasama-Shi Tomobe 30.0 min walk)
, Area: 360 sq.m , Total floor area: sq.m
- Trading date: 2008-03-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   30,555 JPY/sq.m

3. Ibaraki Kasama-Shi 旭町 (Kasama-Shi Tomobe 30.0 min walk)
, Area: 360 sq.m , Total floor area: sq.m
- Trading date: 2007-12-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   27,777 JPY/sq.m

4. Ibaraki Kasama-Shi 鯉淵 (Kasama-Shi Tomobe 30.0 min walk)
, Area: 420 sq.m , Total floor area: sq.m
- Trading date: 2009-09-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   23,809 JPY/sq.m

5. Ibaraki Kasama-Shi 住吉 (Kasama-Shi Tomobe 30.0 min walk)
, Area: 400 sq.m , Total floor area: sq.m
- Trading date: 2008-06-01 00:00:00

Trading price:   2,000,000 JPY,    Unit price:   5,000 JPY/sq.m

6. Ibaraki Kasama-Shi 本戸 (Kasama-Shi Inada 30.0 min walk)
, Area: 380 sq.m , Total floor area: sq.m
- Trading date: 2008-12-01 00:00:00

Trading price:   500,000 JPY,    Unit price:   1,315 JPY/sq.m

7. Ibaraki Sakuragawa-Shi 南飯田 (Sakuragawa-Shi Haguro 30.0 min walk)
, Area: 380 sq.m , Total floor area: sq.m
- Trading date: 2008-12-01 00:00:00

Trading price:   3,500,000 JPY,    Unit price:   9,210 JPY/sq.m

8. Ibaraki Kasama-Shi 箱田 (Kasama-Shi Kasama 30.0 min walk)
, Area: 380 sq.m , Total floor area: sq.m
- Trading date: 2009-03-01 00:00:00

Trading price:   3,400,000 JPY,    Unit price:   8,947 JPY/sq.m

9. Ibaraki Yuki-Shi 大字上山川 (Yuki-Shi Yuuki 30.0 min walk)
, Area: 380 sq.m , Total floor area: sq.m
- Trading date: 2011-03-01 00:00:00

Trading price:   3,400,000 JPY,    Unit price:   8,947 JPY/sq.m

10. Ibaraki Kasama-Shi 旭町 (Kasama-Shi Tomobe 30.0 min walk)
, Area: 360 sq.m , Total floor area: sq.m
- Trading date: 2011-03-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   30,555 JPY/sq.m

11. Ibaraki Kasama-Shi 箱田 (Kasama-Shi Kasama 30.0 min walk)
, Area: 400 sq.m , Total floor area: sq.m
- Trading date: 2011-03-01 00:00:00

Trading price:   4,300,000 JPY,    Unit price:   10,750 JPY/sq.m

12. Ibaraki Sakuragawa-Shi 南飯田 (Sakuragawa-Shi Haguro 30.0 min walk)
, Area: 380 sq.m , Total floor area: sq.m
- Trading date: 2011-03-01 00:00:00

Trading price:   940,000 JPY,    Unit price:   2,473 JPY/sq.m

13. Ibaraki Yuki-Shi 大字上山川 (Yuki-Shi Yuuki 30.0 min walk)
, Area: 410 sq.m , Total floor area: sq.m
- Trading date: 2011-06-01 00:00:00

Trading price:   3,900,000 JPY,    Unit price:   9,512 JPY/sq.m

14. Ibaraki Kasama-Shi 旭町 (Kasama-Shi Tomobe 30.0 min walk)
, Area: 360 sq.m , Total floor area: sq.m
- Trading date: 2010-12-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   27,777 JPY/sq.m

15. Ibaraki Kasama-Shi 小原 (Kasama-Shi Tomobe 30.0 min walk)
, Area: 420 sq.m , Total floor area: sq.m
- Trading date: 2010-12-01 00:00:00

Trading price:   200,000 JPY,    Unit price:   476 JPY/sq.m

16. Ibaraki Kasama-Shi 鯉淵 (Kasama-Shi Tomobe 30.0 min walk)
, Area: 360 sq.m , Total floor area: sq.m
- Trading date: 2010-12-01 00:00:00

Trading price:   850,000 JPY,    Unit price:   2,361 JPY/sq.m

17. Ibaraki Yuki-Shi 大字鹿窪 (Yuki-Shi Yuuki 30.0 min walk)
, Area: 380 sq.m , Total floor area: sq.m
- Trading date: 2011-09-01 00:00:00

Trading price:   6,200,000 JPY,    Unit price:   16,315 JPY/sq.m

18. Ibaraki Sakuragawa-Shi 長方 (Sakuragawa-Shi Iwase 30.0 min walk)
, Area: 410 sq.m , Total floor area: sq.m
- Trading date: 2011-09-01 00:00:00

Trading price:   4,900,000 JPY,    Unit price:   11,951 JPY/sq.m

19. Ibaraki Kasama-Shi 笠間 (Kasama-Shi Kasama 30.0 min walk)
, Area: 360 sq.m , Total floor area: sq.m
- Trading date: 2011-12-01 00:00:00

Trading price:   5,400,000 JPY,    Unit price:   15,000 JPY/sq.m

20. Ibaraki Chikusei-Shi 知行 (Chikusei-Shi Niihari 30.0 min walk)
, Area: 400 sq.m , Total floor area: sq.m
- Trading date: 2011-12-01 00:00:00

Trading price:   4,000,000 JPY,    Unit price:   10,000 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.

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 5.1% of total transactions in 2018 and 2.9% of total transactions in 2019)
The table below shows Land dealt in Ibaraki JR JR Mito 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 Mito 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 Kanndatsu (720) [Stations]4,300,00013,742 JPY/sq.m yrs30 min425 sq.m
JR Mito Line Yuuki (523) [Stations]6,050,00010,000 JPY/sq.m yrs30 min410 sq.m
JR Joban Line Kairakuenn (6) [Stations]5,750,00017,338 JPY/sq.m yrs45 min825 sq.m