JR Joban Line railway market report

JR Joban Line Land market overview

The average price of JR Joban Line (Toride to Ootsukou) Land, in Jul, 2015 to Sep, 2015 was 24,336 JPY/sq.m. The market value represents an increase of 1,404 JPY (+6.1%) compared to 1 year ago and a transition to a strong market. 279 properties exchanged hands ( The market value represents an increase of 12 (+4.5%) compared to 1 year ago and a transition to a some market.).

The average size of the real estate was 518.2 sq.m (a -9.3% decrease compared to the 571.2 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.

15 stations have experienced increased prices; 10 stations have experienced decreased prices. The overall trend was the same as last year. Fujishiro, Ushiku, Hitachinoushiku, Tsuchiura, Hatori, Iwama, Tomobe, Akatsuka, Sawa, Isohara, Ootsukou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Oomika station, where prices have increased +165.6% compared to last year; a sq.m unit now costs 28,500 JPY/sq.m.

The top 2 stations has seen prices increase +126.1% (+11,057 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -50.2% (-21,184 JPY/sq.m).

Causes of price decreases

  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 1.9% of total transactions in 2014 and 0.7% of total transactions in 2015)

Land stations market overview

The average price of Hitachinoushiku Land, the highest market value along this railway was 48,557 JPY/sq.m. The market value represents an increase of 17,211 JPY (+54.9%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents an increase of 6 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Ootsukou Land, the lowest market value along this railway was 9,368 JPY/sq.m. The market value represents an increase of 4,346 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.).

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.)
Toride45,161 JPYsq.m
(0.0155sq.m)
42,455 JPYsq.m
(0.0745sq.m)
55,059 JPYsq.m
(0.0368sq.m)
Fujishiro24,016 JPYsq.m
(0.0248sq.m)
18,109 JPYsq.m
(0.0464sq.m)
33,462 JPYsq.m
(0.0177sq.m)
Sanuki15,039 JPYsq.m
(0.0657sq.m)
24,583 JPYsq.m
(0.0622sq.m)
26,379 JPYsq.m
(0.0263sq.m)
Ushiku25,884 JPYsq.m
(0.0274sq.m)
21,472 JPYsq.m
(0.0399sq.m)
33,101 JPYsq.m
(0.0339sq.m)
Hitachinoushiku48,557 JPYsq.m
(0.0500sq.m)
31,346 JPYsq.m
(0.0485sq.m)
63,880 JPYsq.m
(0.0602sq.m)
Arakawaoki17,785 JPYsq.m
(0.0312sq.m)
17,948 JPYsq.m
(0.0652sq.m)
26,386 JPYsq.m
(0.0524sq.m)
Tsuchiura23,614 JPYsq.m
(0.0720sq.m)
17,882 JPYsq.m
(0.0459sq.m)
20,851 JPYsq.m
(0.0374sq.m)
Kanndatsu25,390 JPYsq.m
(0.0876sq.m)
24,778 JPYsq.m
(0.01,098sq.m)
18,352 JPYsq.m
(0.0841sq.m)
Takahama7,027 JPYsq.m
(0.0399sq.m)
-8,043 JPYsq.m
(0.0317sq.m)
Ishioka12,917 JPYsq.m
(0.0733sq.m)
14,920 JPYsq.m
(0.0655sq.m)
14,637 JPYsq.m
(0.0560sq.m)
Hatori12,624 JPYsq.m
(0.0484sq.m)
8,979 JPYsq.m
(0.0774sq.m)
9,385 JPYsq.m
(0.0926sq.m)
Iwama11,065 JPYsq.m
(0.0789sq.m)
7,912 JPYsq.m
(0.01,056sq.m)
8,818 JPYsq.m
(0.0461sq.m)
Tomobe22,418 JPYsq.m
(0.0387sq.m)
13,799 JPYsq.m
(0.0583sq.m)
18,200 JPYsq.m
(0.01,123sq.m)
Uchihara-9,856 JPYsq.m
(0.0629sq.m)
18,010 JPYsq.m
(0.0392sq.m)
Akatsuka23,566 JPYsq.m
(0.0652sq.m)
16,579 JPYsq.m
(0.0502sq.m)
21,386 JPYsq.m
(0.0879sq.m)
Kairakuenn--397 JPYsq.m
(0.0880sq.m)
Mito31,181 JPYsq.m
(0.0510sq.m)
34,421 JPYsq.m
(0.0499sq.m)
28,281 JPYsq.m
(0.0567sq.m)
Katsuta31,394 JPYsq.m
(0.0687sq.m)
30,378 JPYsq.m
(0.0365sq.m)
32,631 JPYsq.m
(0.0480sq.m)
Sawa36,258 JPYsq.m
(0.0706sq.m)
26,093 JPYsq.m
(0.0565sq.m)
25,535 JPYsq.m
(0.0579sq.m)
Toukai32,000 JPYsq.m
(0.0480sq.m)
58,333 JPYsq.m
(0.0240sq.m)
34,153 JPYsq.m
(0.0386sq.m)
Oomika28,500 JPYsq.m
(0.0212sq.m)
10,731 JPYsq.m
(0.0410sq.m)
36,390 JPYsq.m
(0.0299sq.m)
Hitachitaga33,862 JPYsq.m
(0.0303sq.m)
36,604 JPYsq.m
(0.0323sq.m)
31,247 JPYsq.m
(0.0265sq.m)
Hitachi31,222 JPYsq.m
(0.0265sq.m)
36,203 JPYsq.m
(0.0424sq.m)
48,353 JPYsq.m
(0.0295sq.m)
Ogitsu22,359 JPYsq.m
(0.0378sq.m)
27,976 JPYsq.m
(0.0220sq.m)
32,821 JPYsq.m
(0.0353sq.m)
Juuou25,831 JPYsq.m
(0.0215sq.m)
27,983 JPYsq.m
(0.0658sq.m)
17,381 JPYsq.m
(0.0428sq.m)
Takahagi12,990 JPYsq.m
(0.0247sq.m)
29,025 JPYsq.m
(0.0193sq.m)
14,840 JPYsq.m
(0.0698sq.m)
Minaminakagou20,666 JPYsq.m
(0.0300sq.m)
--
Isohara16,742 JPYsq.m
(0.0369sq.m)
11,360 JPYsq.m
(0.0892sq.m)
13,899 JPYsq.m
(0.01,161sq.m)
Ootsukou9,368 JPYsq.m
(0.095.0sq.m)
5,022 JPYsq.m
(0.0368sq.m)
9,433 JPYsq.m
(0.0620sq.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

Oomika28,500 JPY/sq.m (+166% compared with the previous year)

The average price of Oomika Land was 28,500 JPY/sq.m. The market value represents an increase of 17,768 JPY (+165.6%) compared to 1 year ago and a transition to a dramatic 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 212.5 sq.m (a -48.2% decrease compared to the 410.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 30.0 min in 2014 and 25.5 min in 2015; -15.0%)

Ootsukou9,368 JPY/sq.m (+87% compared with the previous year)

The average price of Ootsukou Land was 9,368 JPY/sq.m. The market value represents an increase of 4,346 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 95.0 sq.m (a -74.2% decrease compared to the 368.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 23.0 min in 2014 and 29.0 min in 2015; +26.1%)

Takahagi12,990 JPY/sq.m (-55% compared with the previous year)

The average price of Takahagi Land was 12,990 JPY/sq.m. The market value represents a decrease of 16,035 JPY (-55.2%) 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 246.7 sq.m (a +27.6% increase compared to the 193.3 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 23.3 min in 2014 and 20.7 min in 2015; -11.4%)

Toukai32,000 JPY/sq.m (-45% compared with the previous year)

The average price of Toukai Land was 32,000 JPY/sq.m. The market value represents a decrease of 26,333 JPY (-45.1%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents an increase of 10 (+1000.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 480.0 sq.m (a +100.0% increase compared to the 240.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.0 min in 2014 and 19.1 min in 2015; +138.6%)

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)