Ibaraki Kanto Railway Ryūgasaki Line Home market overview [Show ]

The average price of a sq.m Home of Ibaraki Kanto Railway Kanto Railway Ryūgasaki Line, in 2017 was 91,332 JPY/sq.m. The market value represents a decrease of 18,264 JPY (-16.7%) compared to 1 year ago and a transition to a weak market. 24 properties exchanged hands ( The market value represents a decrease of 31 (-56.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.6 years old (a +5.9% increase compared to the 20.4 years old of last year.). The average size of the real estate was 287.3 sq.m (a -28.6% decrease compared to the 402.3 sq.m of last year.). The average total floor space of the real estate was 157.6 sq.m (a -22.3% decrease compared to the 202.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station, as well as a dramatic decrease in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

Cause of price increases

  • An increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.6% of total transactions in 2016 and 4.2% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 9.1% of total transactions in 2016 and 13.0% of total transactions in 2017)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 21.8% of total transactions in 2016 and 17.4% of total transactions in 2017)

The highest Home market value is Sanuki at 107,142 JPY/sq.m. On the other hand, those with the lowest market value is Ryugasaki at 57,440 JPY/sq.m.

In accordance with the aging of buildings, the stations whose values were most likely to decline was the IReji at -47.0% (The rate of decline after 30 years). On the other hand, market values along the Ryugasaki was the most resistant to decline at -44.0% (The same rate).

Data regarding the market value and its changes of Home in Kanto Railway Ryūgasaki Line were calculated using data on the sales of 677 properties provided by the MLIT Japan.

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Market value

StationsAverage Trading PriceAverage Unit Price
Sanuki [Utilization ]17,537,421 JPY113,330 JPY/sq.m
IReji9,114,286 JPY89,084 JPY/sq.m
Ryugasaki [Utilization ]9,511,290 JPY76,123 JPY/sq.m