JR Land average value

Price 19,890,067 JPY
  (64,922 JPY/sq.m)
- Dist. from Sta. 40.5 min walk
- Property area 356.3 sq.m

The average price of a sq.m Land of Shizuoka JR, in 2017 was 65,348 JPY/sq.m. The market value represents an increase of 1,082 JPY (+1.7%) compared to 1 year ago and a transition to a slight market. 330 properties exchanged hands ( The market value represents a decrease of 2,491 (-88.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 342.6 sq.m (a -5.4% decrease compared to the 362.3 sq.m of last year.).

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 dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 0.5% of total transactions in 2016 and 1.2% of total transactions in 2017)
Data regarding the market value and its changes of Land in JR were calculated using data on the sales of 35,501 properties provided by the MLIT Japan.

JR Land market value list

StationsAverage Trading PriceAverage Unit Price
JR Itō Line11,729,830 JPY35,068 JPY/sq.m
JR Gotemba Line25,032,020 JPY77,525 JPY/sq.m
JR Tokaido Main Line19,787,333 JPY66,592 JPY/sq.m
JR Minobu Line21,520,052 JPY50,736 JPY/sq.m
JR Iida Line1,755,654 JPY6,296 JPY/sq.m
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Land value Distance From The Station transition

Market values (unit price: sq.m, m2) 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.)
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Color:

Unit:
Property Details:
{{infoObj.place}} {{infoObj.stations[0]}} {{infoObj.station_distance}} min walk)
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




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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 Shizuoka JR Land that meet the above conditions were calculated in the following manner.

{{currentObj|applyRegCalculatePrecise:averageObj:coefObj:true:true}}
({{unit_price|number:0}} JPY/sq.m)

The assumed transaction price, not including agency commissions, taxes, etc.

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Trading data in JR

Past Land sales data, with similarly entered ages, area, and distances from station are as follows.

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{{item.days_elapsed|days_year}} years old , Area: {{item.dimension}} sq.m , Total floor area: {{item.dimension_all}} sq.m , Layout: {{item.floor_plan}} , Structure: {{item.structure}}
- 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

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Land market value trends

Market value trends for Land are as follows.

Data:

Unit:

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 dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 0.5% of total transactions in 2016 and 1.2% of total transactions in 2017)
The table below shows Land dealt in Shizuoka 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:

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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
Enshu Railway Line Enshu-Nishigasaki (102) [Stations]14,000,00063,636 yrs30 min220 sq.m
JR Tokaido Main Line Tennryuugawa (66) [Stations]16,500,00060,969 yrs30 min275 sq.m
Enshu Railway Line Ennshuukomatsu (352) [Stations]15,000,00060,434 yrs30 min230 sq.m
JR Minobu Line Fuji (2,418) [Stations]14,000,00060,000 yrs30 min230 sq.m
JR Tokaido Main Line Fuji (2,418) [Stations]14,000,00060,000 yrs30 min230 sq.m
Fujieda-Shi 岡出山 (17) [Area]14,000,00064,705 yrs30 min290 sq.m
Numazu-Shi 香貫が丘 (6) [Area]15,000,00065,217 yrs30 min220 sq.m
Shimada-Shi ばらの丘 (8) [Area]16,500,00063,858 yrs30 min250 sq.m
Iwata-Shi 安久路 (24) [Area]17,000,00066,352 yrs30 min265 sq.m
Fujieda-Shi 高洲 (28) [Area]14,000,00063,190 yrs25 min215 sq.m
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