JR Suigun Line railway market report

JR Suigun Line Land market overview

The average price of JR Suigun Line (Mito to Hitachioota) Land, in Jan, 2019 to Jun, 2019 was 22,373 JPY/sq.m. The market value represents a decrease of 5,309 JPY (-19.2%) compared to 1 year ago and a transition to a weak market. 75 properties exchanged hands ( The market value represents a decrease of 90 (-54.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 587.2 sq.m (a +19.7% increase compared to the 490.6 sq.m of last year.).

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

4 stations have experienced increased prices; 8 stations have experienced decreased prices. Market value of most stations decreased. Nakasugaya, Yagawara, Hitachioota station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nakasugaya station, where prices have increased +51.9% compared to last year; a sq.m unit now costs 18,859 JPY/sq.m.

The top 2 stations has seen prices increase +44.2% (+6,079 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -87.3% (-3,585 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.8% of total transactions in 2018 and 4.0% of total transactions in 2019)

Land stations market overview

The average price of Mito Land, the highest market value along this railway was 31,093 JPY/sq.m. The market value represents a decrease of 4,237 JPY (-12.0%) compared to 1 year ago and a transition to a weak market. 41 properties exchanged hands ( The market value represents a decrease of 70 (-63.1%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Hitachidaigo Land, the lowest market value along this railway was 100 JPY/sq.m. The market value represents a decrease of 733 JPY (-88.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 6 (-85.7%) 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.)
Mito31,093 JPYsq.m
(0.0486sq.m)
35,330 JPYsq.m
(0.0417sq.m)
36,183 JPYsq.m
(0.0615sq.m)
Hitachiaoyagi---
Hitachitsuda-13,144 JPYsq.m
(0.0330sq.m)
-
Godai-8,648 JPYsq.m
(0.0185sq.m)
13,809 JPYsq.m
(0.0255sq.m)
Shimosugaya11,724 JPYsq.m
(0.0745sq.m)
10,172 JPYsq.m
(0.0960sq.m)
25,714 JPYsq.m
(0.0105sq.m)
Nakasugaya18,859 JPYsq.m
(0.0627sq.m)
12,416 JPYsq.m
(0.0250sq.m)
-
Kamisugaya3,793 JPYsq.m
(0.01,117sq.m)
23,142 JPYsq.m
(0.0225sq.m)
-
Hitachikounosu1,000 JPYsq.m
(0.0800sq.m)
7,437 JPYsq.m
(0.0463sq.m)
1,466 JPYsq.m
(0.0750sq.m)
Uridura10,000 JPYsq.m
(0.0230sq.m)
14,940 JPYsq.m
(0.0830sq.m)
2,066 JPYsq.m
(0.0300sq.m)
Shizu1,398 JPYsq.m
(0.0540sq.m)
-8,275 JPYsq.m
(0.0290sq.m)
Hitachioomiya10,182 JPYsq.m
(0.0619sq.m)
11,349 JPYsq.m
(0.0576sq.m)
13,266 JPYsq.m
(0.0773sq.m)
Tamagawamura--2,685 JPYsq.m
(0.01,312sq.m)
Nogamihara314 JPYsq.m
(0.0700sq.m)
320 JPYsq.m
(0.0780sq.m)
-
Yamagatajuku--8,000 JPYsq.m
(0.0750sq.m)
Nakafunyuu---
Shimoogawa---
Saigane---
Kamiogawa-3,000 JPYsq.m
(0.0300sq.m)
-
Fukuroda---
Hitachidaigo100 JPYsq.m
(0.01,500sq.m)
833 JPYsq.m
(0.01,354sq.m)
7,317 JPYsq.m
(0.0410sq.m)
Shimonomiya529 JPYsq.m
(0.01,175sq.m)
2,333 JPYsq.m
(0.01,500sq.m)
-
Minamisakaide---
Nukada--69.0 JPYsq.m
(0.0430sq.m)
Kawai-270 JPYsq.m
(0.0370sq.m)
-
Yagawara16,000 JPYsq.m
(0.0250sq.m)
12,668 JPYsq.m
(0.0332sq.m)
6,884 JPYsq.m
(0.0805sq.m)
Hitachioota21,381 JPYsq.m
(0.0610sq.m)
15,666 JPYsq.m
(0.0488sq.m)
22,222 JPYsq.m
(0.0900sq.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

Nakasugaya18,859 JPY/sq.m (+52% compared with the previous year)

The average price of Nakasugaya Land was 18,859 JPY/sq.m. The market value represents an increase of 6,443 JPY (+51.9%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 626.7 sq.m (a +150.7% 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 25.3 min in 2018 and 16.3 min in 2019; -35.5%)

Hitachioota21,381 JPY/sq.m (+36% compared with the previous year)

The average price of Hitachioota Land was 21,381 JPY/sq.m. The market value represents an increase of 5,715 JPY (+36.5%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 4 (-36.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 610.0 sq.m (a +25.0% increase compared to the 488.2 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 38.5 min in 2018 and 45.6 min in 2019; +18.5%)

Hitachidaigo100 JPY/sq.m (-88% compared with the previous year)

The average price of Hitachidaigo Land was 100 JPY/sq.m. The market value represents a decrease of 733 JPY (-88.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 6 (-85.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1500.0 sq.m (a +10.8% increase compared to the 1354.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 70.1 min in 2018 and 120.0 min in 2019; +71.1%)

Hitachikounosu1,000 JPY/sq.m (-87% compared with the previous year)

The average price of Hitachikounosu Land was 1,000 JPY/sq.m. The market value represents a decrease of 6,437 JPY (-86.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 800.0 sq.m (a +72.7% increase compared to the 463.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 16.0 min in 2018 and 24.0 min in 2019; +50.0%)

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)