Land Transaction Price Overview
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Basic statistics for the Mito City,Ibaraki Prefecture (Residential Land)
No. Transaction
period
No. of
Samples
Unit Land Price (yen/m²)
Average Standard
Deviation
Minimum Lower
Quartile
Median Upper
Quartile
Maximum
1 4th quarter 2018 77 29,601 18,949 380 15,000 28,000 40,000 100,000
2 1st quarter 2019 74 30,950 17,764 300 17,250 30,500 44,000 67,000
3 2nd quarter 2019 55 28,451 17,705 1,500 14,500 28,000 36,000 76,000
4 3rd quarter 2019 51 31,610 17,922 290 15,500 34,000 45,000 74,000
5 4th quarter 2019 57 29,168 16,999 2,800 15,000 28,000 42,000 74,000
6 1st quarter 2020 66 27,832 15,893 290 16,000 26,000 39,000 70,000
7 2nd quarter 2020 58 25,062 13,703 700 13,000 26,500 35,000 56,000
8 3rd quarter 2020 60 29,325 16,546 620 14,750 31,500 41,000 81,000
9 4th quarter 2020 60 33,577 15,498 1,100 24,500 34,500 44,000 62,000
10 1st quarter 2021 75 32,207 18,735 130 20,500 30,000 45,500 82,000
11 2nd quarter 2021 63 29,254 13,224 2,300 17,000 30,000 38,500 56,000
12 3rd quarter 2021 58 31,707 18,726 1,100 19,000 30,000 42,000 89,000
13 4th quarter 2021 66 30,724 22,104 430 15,500 30,500 37,000 150,000
14 1st quarter 2022 48 34,288 21,015 3,500 19,500 32,500 42,250 120,000
15 2nd quarter 2022 59 33,106 19,367 680 16,000 36,000 47,000 72,000
16 3rd quarter 2022 59 31,729 16,432 1,700 20,000 32,000 43,000 88,000
17 4th quarter 2022 64 36,281 32,141 1,500 17,000 32,000 43,250 200,000
18 1st quarter 2023 37 33,876 20,928 3,000 18,000 36,000 45,000 100,000
19 2nd quarter 2023 21 30,762 13,711 10,000 17,000 30,000 39,000 61,000
20 3rd quarter 2023 17 29,647 16,382 4,400 21,000 29,000 40,000 69,000




<Points to remember when viewing the data>
These data are based on the results of a questionnaire survey on land and building transactions in the target areas. Since each plot of land and building have unique characteristics (location, condition of the frontage road, area, use, etc.), the transactions conducted in each compilation period differ in nature because they reflect the unique characteristics of the land and buildings. Moreover, since the actual transaction price also reflect the circumstances of the persons involved (rushed sale, rushed purchase, etc.), they may vary from the price expected in normal transactions. For these reasons, the results posted on this website should not be considered to represent the overall transaction trends or the overall levels of land prices, etc. in the target areas during these compilation periods.
In the future, more samples may be added to the data for each quarter. Please note that the number of samples in the last quarter, in particular, may significantly change in the next quarter or later.


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