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 22,015 JPY/sq.m. The market value represents an increase of 1,206 JPY (+5.8%) compared to 1 year ago and a transition to a strong market. 80 properties exchanged hands ( The market value represents a decrease of 27 (-25.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 457.2 sq.m (a -10.6% decrease compared to the 511.4 sq.m of last year.).

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

11 stations have experienced increased prices; 3 stations have experienced decreased prices. The overall trend was the same as last year. Shimosugaya, Hitachioomiya station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nukada station, where prices have increased +1841.7% compared to last year; a sq.m unit now costs 2,000 JPY/sq.m.

The top 2 stations has seen prices increase +1228.0% (+5,556 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -52.6% (-7,133 JPY/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 0.9% of total transactions in 2018 and 1.2% of total transactions in 2019)

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 1.9% of total transactions in 2018 and 1.2% of total transactions in 2019)

Land stations market overview

The average price of Shimosugaya Land, the highest market value along this railway was 36,660 JPY/sq.m. The market value represents an increase of 10,868 JPY (+42.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Shimonomiya Land, the lowest market value along this railway was 529 JPY/sq.m. The market value represents a decrease of 377 JPY (-41.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) 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.)
Mito32,155 JPYsq.m
(0.0406sq.m)
31,792 JPYsq.m
(0.0416sq.m)
32,878 JPYsq.m
(0.0380sq.m)
Hitachiaoyagi---
Hitachitsuda21,818 JPYsq.m
(0.0440sq.m)
9,690 JPYsq.m
(0.0872sq.m)
22,500 JPYsq.m
(0.0400sq.m)
Godai-2,720 JPYsq.m
(0.01,435sq.m)
6,111 JPYsq.m
(0.01,800sq.m)
Shimosugaya36,660 JPYsq.m
(0.0280sq.m)
25,792 JPYsq.m
(0.0358sq.m)
25,714 JPYsq.m
(0.0105sq.m)
Nakasugaya30,300 JPYsq.m
(0.0452sq.m)
27,098 JPYsq.m
(0.0708sq.m)
27,273 JPYsq.m
(0.0330sq.m)
Kamisugaya7,026 JPYsq.m
(0.0345sq.m)
6,667 JPYsq.m
(0.01,500sq.m)
19,136 JPYsq.m
(0.0610sq.m)
Hitachikounosu10,714 JPYsq.m
(0.0280sq.m)
1,500 JPYsq.m
(0.01,200sq.m)
-
Uridura8,846 JPYsq.m
(0.0180sq.m)
3,249 JPYsq.m
(0.0473sq.m)
7,107 JPYsq.m
(0.0844sq.m)
Shizu523 JPYsq.m
(0.0860sq.m)
-5,357 JPYsq.m
(0.0450sq.m)
Hitachioomiya13,100 JPYsq.m
(0.0467sq.m)
8,336 JPYsq.m
(0.0436sq.m)
16,422 JPYsq.m
(0.0529sq.m)
Tamagawamura--2,938 JPYsq.m
(0.0419sq.m)
Nogamihara314 JPYsq.m
(0.0700sq.m)
--
Yamagatajuku-217 JPYsq.m
(0.0460sq.m)
-
Nakafunyuu---
Shimoogawa---
Saigane---
Kamiogawa-1,900 JPYsq.m
(0.01,000sq.m)
-
Fukuroda-1,487 JPYsq.m
(0.0325sq.m)
-
Hitachidaigo870 JPYsq.m
(0.0230sq.m)
344 JPYsq.m
(0.0674sq.m)
9,925 JPYsq.m
(0.0300sq.m)
Shimonomiya529 JPYsq.m
(0.01,175sq.m)
906 JPYsq.m
(0.0320sq.m)
-
Minamisakaide1,818 JPYsq.m
(0.01,100sq.m)
2,411 JPYsq.m
(0.0740sq.m)
14,194 JPYsq.m
(0.0310sq.m)
Nukada2,000 JPYsq.m
(0.0120sq.m)
103 JPYsq.m
(0.0970sq.m)
-
Kawai--2,535 JPYsq.m
(0.01,008sq.m)
Yagawara15,185 JPYsq.m
(0.0270sq.m)
14,925 JPYsq.m
(0.0282sq.m)
-
Hitachioota7,976 JPYsq.m
(0.0568sq.m)
21,865 JPYsq.m
(0.0242sq.m)
18,329 JPYsq.m
(0.0256sq.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

Nukada2,000 JPY/sq.m (+1842% compared with the previous year)

The average price of Nukada Land was 2,000 JPY/sq.m. The market value represents an increase of 1,897 JPY (+1841.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 120.0 sq.m (a -87.6% decrease compared to the 970.0 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 12.0 min in 2019; -60.0%)

Hitachikounosu10,714 JPY/sq.m (+614% compared with the previous year)

The average price of Hitachikounosu Land was 10,714 JPY/sq.m. The market value represents an increase of 9,214 JPY (+614.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 280.0 sq.m (a -76.7% decrease compared to the 1200.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 15.0 min in 2018 and 2.0 min in 2019; -86.7%)

Hitachioota7,976 JPY/sq.m (-64% compared with the previous year)

The average price of Hitachioota Land was 7,976 JPY/sq.m. The market value represents a decrease of 13,889 JPY (-63.5%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents an increase of 4 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 567.5 sq.m (a +134.5% increase compared to the 242.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 39.5 min in 2018 and 55.3 min in 2019; +40.0%)

Shimonomiya529 JPY/sq.m (-42% compared with the previous year)

The average price of Shimonomiya Land was 529 JPY/sq.m. The market value represents a decrease of 377 JPY (-41.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1175.0 sq.m (a +267.2% increase compared to the 320.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 60.0 min in 2018 and 39.0 min in 2019; -35.0%)

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)