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 24,604 JPY/sq.m. The market value represents an increase of 73 JPY (+0.3%) compared to 1 year ago and a transition to a slight market. 447 properties exchanged hands ( The market value represents a decrease of 30 (-6.3%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 410.9 sq.m (a -2.4% decrease compared to the 421.1 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.

14 stations have experienced increased prices; 13 stations have experienced decreased prices. The overall trend was the same as last year. Fujishiro, Hitachinoushiku, Hatori, Tomobe, Oomika station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Ootsukou station, where prices have increased +160.5% compared to last year; a sq.m unit now costs 12,659 JPY/sq.m.

The top 2 stations has seen prices increase +109.6% (+8,174 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -59.1% (-11,754 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 1.9% of total transactions in 2014 and 2.0% of total transactions in 2015)

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 1.3% 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 53,841 JPY/sq.m. The market value represents an increase of 15,414 JPY (+40.1%) compared to 1 year ago and a transition to a dramatic market. 15 properties exchanged hands ( The market value represents an increase of 4 (+36.4%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Uchihara Land, the lowest market value along this railway was 4,875 JPY/sq.m. The market value represents a decrease of 11,841 JPY (-70.8%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 3 (-30.0%) 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.)
Toride33,633 JPYsq.m
(0.01,028sq.m)
46,704 JPYsq.m
(0.0518sq.m)
59,247 JPYsq.m
(0.0361sq.m)
Fujishiro23,264 JPYsq.m
(0.0292sq.m)
18,109 JPYsq.m
(0.0244sq.m)
33,462 JPYsq.m
(0.0177sq.m)
Sanuki22,160 JPYsq.m
(0.0298sq.m)
25,282 JPYsq.m
(0.0340sq.m)
26,379 JPYsq.m
(0.0263sq.m)
Ushiku25,430 JPYsq.m
(0.0244sq.m)
23,474 JPYsq.m
(0.0293sq.m)
33,101 JPYsq.m
(0.0270sq.m)
Hitachinoushiku53,841 JPYsq.m
(0.0331sq.m)
38,427 JPYsq.m
(0.0387sq.m)
63,881 JPYsq.m
(0.0355sq.m)
Arakawaoki20,908 JPYsq.m
(0.0309sq.m)
21,714 JPYsq.m
(0.0491sq.m)
26,387 JPYsq.m
(0.0435sq.m)
Tsuchiura22,064 JPYsq.m
(0.0462sq.m)
19,482 JPYsq.m
(0.0273sq.m)
21,580 JPYsq.m
(0.0329sq.m)
Kanndatsu25,758 JPYsq.m
(0.0526sq.m)
24,305 JPYsq.m
(0.0617sq.m)
18,352 JPYsq.m
(0.0648sq.m)
Takahama7,027 JPYsq.m
(0.0399sq.m)
12,592 JPYsq.m
(0.0318sq.m)
8,044 JPYsq.m
(0.0317sq.m)
Ishioka13,444 JPYsq.m
(0.0439sq.m)
13,742 JPYsq.m
(0.0484sq.m)
14,637 JPYsq.m
(0.0425sq.m)
Hatori12,070 JPYsq.m
(0.0323sq.m)
9,906 JPYsq.m
(0.0255sq.m)
9,386 JPYsq.m
(0.0348sq.m)
Iwama9,966 JPYsq.m
(0.0661sq.m)
8,877 JPYsq.m
(0.0419sq.m)
8,818 JPYsq.m
(0.0461sq.m)
Tomobe23,080 JPYsq.m
(0.0461sq.m)
14,530 JPYsq.m
(0.0346sq.m)
18,201 JPYsq.m
(0.0574sq.m)
Uchihara4,875 JPYsq.m
(0.0968sq.m)
16,716 JPYsq.m
(0.0454sq.m)
18,010 JPYsq.m
(0.0246sq.m)
Akatsuka22,220 JPYsq.m
(0.0571sq.m)
20,507 JPYsq.m
(0.0415sq.m)
21,740 JPYsq.m
(0.0578sq.m)
Kairakuenn--398 JPYsq.m
(0.0880sq.m)
Mito31,982 JPYsq.m
(0.0428sq.m)
32,491 JPYsq.m
(0.0475sq.m)
28,864 JPYsq.m
(0.0469sq.m)
Katsuta30,347 JPYsq.m
(0.0416sq.m)
30,016 JPYsq.m
(0.0533sq.m)
32,632 JPYsq.m
(0.0372sq.m)
Sawa28,760 JPYsq.m
(0.0480sq.m)
27,290 JPYsq.m
(0.0526sq.m)
26,390 JPYsq.m
(0.0561sq.m)
Toukai30,081 JPYsq.m
(0.0402sq.m)
35,312 JPYsq.m
(0.0473sq.m)
32,412 JPYsq.m
(0.0390sq.m)
Oomika27,807 JPYsq.m
(0.0244sq.m)
17,757 JPYsq.m
(0.0363sq.m)
36,390 JPYsq.m
(0.0299sq.m)
Hitachitaga35,518 JPYsq.m
(0.0291sq.m)
43,874 JPYsq.m
(0.0289sq.m)
31,247 JPYsq.m
(0.0265sq.m)
Hitachi36,682 JPYsq.m
(0.0232sq.m)
35,270 JPYsq.m
(0.0398sq.m)
44,419 JPYsq.m
(0.0308sq.m)
Ogitsu24,053 JPYsq.m
(0.0366sq.m)
25,488 JPYsq.m
(0.0403sq.m)
32,821 JPYsq.m
(0.0353sq.m)
Juuou18,801 JPYsq.m
(0.0440sq.m)
27,984 JPYsq.m
(0.0274sq.m)
17,381 JPYsq.m
(0.0428sq.m)
Takahagi12,990 JPYsq.m
(0.0247sq.m)
24,656 JPYsq.m
(0.0410sq.m)
14,840 JPYsq.m
(0.0342sq.m)
Minaminakagou16,584 JPYsq.m
(0.0270sq.m)
--
Isohara14,822 JPYsq.m
(0.0382sq.m)
18,432 JPYsq.m
(0.0772sq.m)
13,900 JPYsq.m
(0.0694sq.m)
Ootsukou12,659 JPYsq.m
(0.0401sq.m)
4,860 JPYsq.m
(0.0676sq.m)
9,434 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

Ootsukou12,659 JPY/sq.m (+160% compared with the previous year)

The average price of Ootsukou Land was 12,659 JPY/sq.m. The market value represents an increase of 7,799 JPY (+160.5%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 401.2 sq.m (a -40.7% decrease compared to the 676.2 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 20.2 min in 2014 and 26.2 min in 2015; +29.6%)

Tomobe23,080 JPY/sq.m (+59% compared with the previous year)

The average price of Tomobe Land was 23,080 JPY/sq.m. The market value represents an increase of 8,549 JPY (+58.8%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents a decrease of 7 (-38.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 461.4 sq.m (a +33.2% increase compared to the 346.4 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 37.1 min in 2014 and 23.6 min in 2015; -36.3%)

Uchihara4,875 JPY/sq.m (-71% compared with the previous year)

The average price of Uchihara Land was 4,875 JPY/sq.m. The market value represents a decrease of 11,841 JPY (-70.8%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 3 (-30.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 968.0 sq.m (a +113.0% increase compared to the 454.4 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 37.6 min in 2014 and 48.1 min in 2015; +28.0%)

Takahagi12,990 JPY/sq.m (-47% compared with the previous year)

The average price of Takahagi Land was 12,990 JPY/sq.m. The market value represents a decrease of 11,666 JPY (-47.3%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 246.7 sq.m (a -39.8% decrease compared to the 410.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 23.8 min in 2014 and 20.7 min in 2015; -13.2%)

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)