JR Joban Line railway market report

JR Joban Line Land market overview

The average price of JR Joban Line (Toride to Ootsukou) Land, in Jan, 2015 to Mar, 2015 was 21,338 JPY/sq.m. The market value represents a decrease of 1,024 JPY (-4.6%) compared to 1 year ago and a transition to a some market. 335 properties exchanged hands ( The market value represents a decrease of 21 (-5.9%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 567.6 sq.m (a +2.6% increase compared to the 553.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a some decrease in transactions involving very large size more than 200 sq.m.

14 stations have experienced increased prices; 13 stations have experienced decreased prices. The overall trend was the same as last year. Sanuki, Ushiku, Kanndatsu, Tomobe, Sawa, Juuou, Isohara station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Sanuki station, where prices have increased +85.6% compared to last year; a sq.m unit now costs 26,046 JPY/sq.m.

The top 2 stations has seen prices increase +81.6% (+10,836 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -55.5% (-23,232 JPY/sq.m).

Cause of price increases

  • A some increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.1% of total transactions in 2014 and 1.2% of total transactions in 2015)

Land stations market overview

The average price of Hitachitaga Land, the highest market value along this railway was 37,145 JPY/sq.m. The market value represents a decrease of 1,216 JPY (-3.2%) compared to 1 year ago and a transition to a some market. 10 properties exchanged hands ( The market value represents a decrease of 2 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average price of Takahama Land, the lowest market value along this railway was 4,452 JPY/sq.m. The market value represents an increase of 93 JPY (+2.1%) compared to 1 year ago and a transition to a slight market. 8 properties exchanged hands ( The market value represents an increase of 4 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Joban Line (Stations Land market overview)
JR Joban LineThis year(2015)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Toride36,572 JPYsq.m
(0.0315sq.m)
45,908 JPYsq.m
(0.0333sq.m)
46,216 JPYsq.m
(0.0428sq.m)
Fujishiro11,712 JPYsq.m
(0.0520sq.m)
38,971 JPYsq.m
(0.0343sq.m)
29,305 JPYsq.m
(0.0237sq.m)
Sanuki26,046 JPYsq.m
(0.0712sq.m)
14,034 JPYsq.m
(0.01,134sq.m)
27,763 JPYsq.m
(0.0332sq.m)
Ushiku22,260 JPYsq.m
(0.0447sq.m)
14,330 JPYsq.m
(0.0497sq.m)
33,227 JPYsq.m
(0.0287sq.m)
Hitachinoushiku27,513 JPYsq.m
(0.0486sq.m)
46,720 JPYsq.m
(0.0472sq.m)
46,934 JPYsq.m
(0.0308sq.m)
Arakawaoki23,607 JPYsq.m
(0.0554sq.m)
23,429 JPYsq.m
(0.0284sq.m)
25,055 JPYsq.m
(0.0388sq.m)
Tsuchiura23,007 JPYsq.m
(0.0713sq.m)
24,357 JPYsq.m
(0.0434sq.m)
23,903 JPYsq.m
(0.0613sq.m)
Kanndatsu25,519 JPYsq.m
(0.0774sq.m)
19,163 JPYsq.m
(0.0893sq.m)
24,795 JPYsq.m
(0.0573sq.m)
Takahama4,452 JPYsq.m
(0.0753sq.m)
4,359 JPYsq.m
(0.0855sq.m)
7,007 JPYsq.m
(0.0692sq.m)
Ishioka15,326 JPYsq.m
(0.0531sq.m)
20,970 JPYsq.m
(0.0864sq.m)
14,865 JPYsq.m
(0.0589sq.m)
Hatori6,415 JPYsq.m
(0.0950sq.m)
8,778 JPYsq.m
(0.0594sq.m)
12,400 JPYsq.m
(0.0351sq.m)
Iwama6,523 JPYsq.m
(0.0773sq.m)
8,567 JPYsq.m
(0.0970sq.m)
20,189 JPYsq.m
(0.0324sq.m)
Tomobe25,754 JPYsq.m
(0.0359sq.m)
20,043 JPYsq.m
(0.0772sq.m)
22,664 JPYsq.m
(0.0666sq.m)
Uchihara7,696 JPYsq.m
(0.0441sq.m)
6,704 JPYsq.m
(0.0534sq.m)
15,977 JPYsq.m
(0.0699sq.m)
Akatsuka25,886 JPYsq.m
(0.0646sq.m)
27,041 JPYsq.m
(0.0505sq.m)
24,508 JPYsq.m
(0.0516sq.m)
Kairakuenn10,000 JPYsq.m
(0.0500sq.m)
--
Mito24,548 JPYsq.m
(0.0569sq.m)
29,091 JPYsq.m
(0.0544sq.m)
29,441 JPYsq.m
(0.0566sq.m)
Katsuta31,893 JPYsq.m
(0.0635sq.m)
31,816 JPYsq.m
(0.0360sq.m)
29,619 JPYsq.m
(0.0420sq.m)
Sawa29,495 JPYsq.m
(0.0691sq.m)
18,536 JPYsq.m
(0.0643sq.m)
23,474 JPYsq.m
(0.0465sq.m)
Toukai20,829 JPYsq.m
(0.0772sq.m)
20,596 JPYsq.m
(0.0362sq.m)
23,117 JPYsq.m
(0.0792sq.m)
Oomika23,540 JPYsq.m
(0.0304sq.m)
22,404 JPYsq.m
(0.0197sq.m)
22,402 JPYsq.m
(0.0250sq.m)
Hitachitaga37,145 JPYsq.m
(0.0282sq.m)
38,362 JPYsq.m
(0.0285sq.m)
35,211 JPYsq.m
(0.0578sq.m)
Hitachi27,978 JPYsq.m
(0.0410sq.m)
33,391 JPYsq.m
(0.0397sq.m)
44,745 JPYsq.m
(0.0370sq.m)
Ogitsu18,805 JPYsq.m
(0.0317sq.m)
27,044 JPYsq.m
(0.0595sq.m)
25,914 JPYsq.m
(0.0537sq.m)
Juuou21,037 JPYsq.m
(0.0293sq.m)
13,320 JPYsq.m
(0.0452sq.m)
21,805 JPYsq.m
(0.0494sq.m)
Takahagi15,050 JPYsq.m
(0.0350sq.m)
13,999 JPYsq.m
(0.0508sq.m)
19,062 JPYsq.m
(0.0450sq.m)
Minaminakagou--12,470 JPYsq.m
(0.0702sq.m)
Isohara22,092 JPYsq.m
(0.0505sq.m)
12,432 JPYsq.m
(0.0514sq.m)
14,251 JPYsq.m
(0.0638sq.m)
Ootsukou9,714 JPYsq.m
(0.0211sq.m)
13,163 JPYsq.m
(0.0465sq.m)
11,521 JPYsq.m
(0.0483sq.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

Sanuki26,046 JPY/sq.m (+86% compared with the previous year)

The average price of Sanuki Land was 26,046 JPY/sq.m. The market value represents an increase of 12,012 JPY (+85.6%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents a decrease of 3 (-23.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 712.5 sq.m (a -37.2% decrease compared to the 1133.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 54.2 min in 2014 and 67.1 min in 2015; +23.7%)

Isohara22,092 JPY/sq.m (+78% compared with the previous year)

The average price of Isohara Land was 22,092 JPY/sq.m. The market value represents an increase of 9,660 JPY (+77.7%) compared to 1 year ago and a transition to a dramatic market. 16 properties exchanged hands ( The market value represents an increase of 9 (+128.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 504.7 sq.m (a -1.7% decrease compared to the 513.6 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 24.3 min in 2014 and 19.1 min in 2015; -21.5%)

Fujishiro11,712 JPY/sq.m (-70% compared with the previous year)

The average price of Fujishiro Land was 11,712 JPY/sq.m. The market value represents a decrease of 27,258 JPY (-69.9%) 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 520.0 sq.m (a +51.5% increase compared to the 343.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.3 min in 2014 and 36.0 min in 2015; +390.9%)

Hitachinoushiku27,513 JPY/sq.m (-41% compared with the previous year)

The average price of Hitachinoushiku Land was 27,513 JPY/sq.m. The market value represents a decrease of 19,206 JPY (-41.1%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 4 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 485.8 sq.m (a +3.0% increase compared to the 471.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 37.2 min in 2014 and 55.7 min in 2015; +49.6%)

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)