JR Suigun Line railway market report

JR Suigun Line Land market overview

The average price of JR Suigun Line (Mito to Hitachioota) Land, in Apr, 2019 to Jun, 2019 was 19,980 JPY/sq.m. The market value represents a decrease of 13,840 JPY (-40.9%) compared to 1 year ago and a transition to a dramatic market. 38 properties exchanged hands ( The market value represents an increase of 14 (+58.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 538.1 sq.m (a -5.1% decrease compared to the 567.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

0 stations have experienced increased prices; 2 stations have experienced decreased prices. The market value decreased in all stations. Hitachioomiya station has seen a price decrease of over 10% compared to last year. The most dramatic price increase was at Mito station, where prices have decreased -22.4% compared to last year; a sq.m unit now costs 31,179 JPY/sq.m.

The top 1 stations has seen prices increase -7.8% (-1,095 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -22.4% (-9,010 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 51.8 min in 2018 and 44.1 min in 2019; -15.0%)

Land stations market overview

The average price of Mito Land, the highest market value along this railway was 31,179 JPY/sq.m. The market value represents a decrease of 9,010 JPY (-22.4%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents a decrease of 2 (-10.5%) compared to 1 year ago and a transition to a weak market.).

The average price of Hitachioomiya Land, the lowest market value along this railway was 12,905 JPY/sq.m. The market value represents a decrease of 1,095 JPY (-7.8%) compared to 1 year ago and a transition to a bear market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Suigun Line (Stations Land market overview)
JR Suigun LineThis year(2019)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Mito31,179 JPYsq.m
(0.0368sq.m)
40,189 JPYsq.m
(0.0425sq.m)
30,656 JPYsq.m
(0.0232sq.m)
Hitachiaoyagi---
Hitachitsuda---
Godai---
Shimosugaya--25,714 JPYsq.m
(0.0105sq.m)
Nakasugaya18,859 JPYsq.m
(0.0627sq.m)
--
Kamisugaya2,286 JPYsq.m
(0.0350sq.m)
--
Hitachikounosu---
Uridura10,000 JPYsq.m
(0.0230sq.m)
-2,066 JPYsq.m
(0.0300sq.m)
Shizu523 JPYsq.m
(0.0860sq.m)
--
Hitachioomiya12,905 JPYsq.m
(0.0579sq.m)
14,000 JPYsq.m
(0.0250sq.m)
11,225 JPYsq.m
(0.01,070sq.m)
Tamagawamura---
Nogamihara314 JPYsq.m
(0.0700sq.m)
--
Yamagatajuku---
Nakafunyuu---
Shimoogawa---
Saigane---
Kamiogawa---
Fukuroda---
Hitachidaigo-93.3 JPYsq.m
(0.01,322sq.m)
-
Shimonomiya529 JPYsq.m
(0.01,175sq.m)
--
Minamisakaide---
Nukada---
Kawai---
Yagawara---
Hitachioota11,616 JPYsq.m
(0.0746sq.m)
--

*Average unit prices per sq.m of Land at each train station were calculated using the Utinokati database of actual market sales prices (based on surveys conducted by the Ministry of Land, Infrastructure, Transport, and Tourism of Japan). Units: JPY (Japanese Yen); parenthesis contain average age in years of building / equivalent measurement of area of real estate.

Noteworthy stations

Hitachioomiya12,905 JPY/sq.m (-8% compared with the previous year)

The average price of Hitachioomiya Land was 12,905 JPY/sq.m. The market value represents a decrease of 1,095 JPY (-7.8%) compared to 1 year ago and a transition to a bear market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 578.8 sq.m (a +131.5% increase compared to the 250.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2018 and 18.8 min in 2019; -37.5%)

Mito31,179 JPY/sq.m (-22% compared with the previous year)

The average price of Mito Land was 31,179 JPY/sq.m. The market value represents a decrease of 9,010 JPY (-22.4%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents a decrease of 2 (-10.5%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 367.5 sq.m (a -13.5% decrease compared to the 424.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 44.9 min in 2018 and 58.1 min in 2019; +29.3%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (https://utinokati.com/en/) where the data will be posted. (As a general rule, prior consent is not required.) Our data is based on Ministry of Land, Infrastructure, Transport, and Tourism of Japan (actual market sales prices)