JR Land average value

Price 20,127 JPY/sq.m
- Dist. from Sta. 45.0 min walk
- Property area 595 sq.m

The average price of Ibaraki JR Land, in 2019 was 19,730 JPY/sq.m. The market value represents a decrease of 504 JPY (-2.5%) compared to 1 year ago and a transition to a slight market.

One distinguishing feature of recent real-estate transactions was an increase in transactions involving relatively large size more than 100 sq.m.

Cause of price increases

  • A some increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.3% of total transactions in 2018 and 2.4% 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 0.7% of total transactions in 2018 and 0.3% of total transactions in 2019)
Data regarding the market value and its changes of Land in JR were calculated using data on the sales of 25,782 properties provided by the MLIT Japan.

JR Land market value list

StationsAverage Trading PriceAverage Unit Price#
JR Utsunomiya Line10,839,966 JPY22,037 JPY/sq.m1,391 件
JR Joban Line10,883,896 JPY23,313 JPY/sq.m17,068 件
JR Joban Line Local Train6,445,926 JPY22,985 JPY/sq.m313 件
JR Joban Line Rapid Train6,445,926 JPY22,985 JPY/sq.m313 件
JR Mito Line7,124,866 JPY12,635 JPY/sq.m2,497 件
JR Suigun Line10,242,010 JPY23,693 JPY/sq.m4,104 件
JR Kashima Line10,877,117 JPY13,634 JPY/sq.m1,620 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 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 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 開江町 (Mito-Shi Akatsuka 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

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: 360 sq.m , Total floor area: sq.m
- Trading date: 2008-03-01 00:00:00

Trading price:   18,000,000 JPY,    Unit price:   50,000 JPY/sq.m

8. Ibaraki Tsuchiura-Shi 永国台 (Tsuchiura-Shi Tsuchiura 30.0 min walk)
, Area: 360 sq.m , Total floor area: sq.m
- Trading date: 2008-03-01 00:00:00

Trading price:   20,000,000 JPY,    Unit price:   55,555 JPY/sq.m

9. Ibaraki Koga-Shi 大堤 (Koga-Shi Koga 30.0 min walk)
, Area: 300 sq.m , Total floor area: sq.m
- Trading date: 2008-03-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   40,000 JPY/sq.m

10. Ibaraki Koga-Shi 女沼 (Koga-Shi Koga 30.0 min walk)
, Area: 300 sq.m , Total floor area: sq.m
- Trading date: 2008-03-01 00:00:00

Trading price:   2,700,000 JPY,    Unit price:   9,000 JPY/sq.m

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

Trading price:   5,000,000 JPY,    Unit price:   15,151 JPY/sq.m

12. Ibaraki Hitachiota-Shi 天神林町 (Hitachiota-Shi Hitachioota 30.0 min walk)
, Area: 310 sq.m , Total floor area: sq.m
- Trading date: 2008-03-01 00:00:00

Trading price:   5,600,000 JPY,    Unit price:   18,064 JPY/sq.m

13. Ibaraki Hitachiota-Shi 馬場町 (Hitachiota-Shi Hitachioota 30.0 min walk)
, Area: 360 sq.m , Total floor area: sq.m
- Trading date: 2008-03-01 00:00:00

Trading price:   5,500,000 JPY,    Unit price:   15,277 JPY/sq.m

14. 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

15. 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

16. 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

17. 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

18. 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

19. 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

20. 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

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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 an increase in transactions involving relatively large size more than 100 sq.m.

Cause of price increases

  • A some increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.3% of total transactions in 2018 and 2.4% 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 0.7% of total transactions in 2018 and 0.3% of total transactions in 2019)
The table below shows Land dealt in Ibaraki JR, 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

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 Kashimajinnguu (992) [Stations]7,500,00017,400 JPY/sq.m yrs30 min360 sq.m
JR Joban Line Kairakuenn (6) [Stations]5,750,00017,338 JPY/sq.m yrs45 min825 sq.m
JR Joban Line Tsuchiura (1,253) [Stations]6,000,00016,818 JPY/sq.m yrs30 min360 sq.m
JR Joban Line Kanndatsu (720) [Stations]4,300,00013,742 JPY/sq.m yrs30 min425 sq.m
Mito-Shi 吉沢町 (93) [Area]8,000,00020,227 JPY/sq.m yrs60 min410 sq.m
Tsukuba-Shi 赤塚 (12) [Area]8,000,00020,000 JPY/sq.m yrs60 min375 sq.m
Sakuragawa-Shi 西飯岡 (1) [Area]14,000,00020,289 JPY/sq.m yrs30 min690 sq.m
Moriya-Shi 板戸井 (23) [Area]7,700,00020,666 JPY/sq.m yrs30 min370 sq.m
Tsuchiura-Shi 小岩田西 (7) [Area]6,000,00019,417 JPY/sq.m yrs30 min360 sq.m