JR Joban Line railway market report

JR Joban Line Land market overview

The average price of JR Joban Line (Toride to Ootsukou) Land, in Oct, 2015 to Dec, 2015 was 25,115 JPY/sq.m. The market value represents a decrease of 378 JPY (-1.5%) compared to 1 year ago and a transition to a slight market. 440 properties exchanged hands ( The market value represents a decrease of 38 (-7.9%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 434.5 sq.m (a +7.9% increase compared to the 402.6 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.

13 stations have experienced increased prices; 15 stations have experienced decreased prices. The overall trend was the same as last year. Tsuchiura, Hitachitaga, Juuou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Takahama station, where prices have increased +188.5% compared to last year; a sq.m unit now costs 10,439 JPY/sq.m.

The top 2 stations has seen prices increase +165.8% (+22,951 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -52.4% (-9,464 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 1.3% of total transactions in 2014 and 2.5% of total transactions in 2015)

Land stations market overview

The average price of Hitachinoushiku Land, the highest market value along this railway was 66,409 JPY/sq.m. The market value represents an increase of 39,082 JPY (+143.0%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents a decrease of 6 (-35.3%) 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 5,268 JPY/sq.m. The market value represents a decrease of 12,884 JPY (-71.0%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 9 (-69.2%) 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.)
Toride30,135 JPYsq.m
(0.0402sq.m)
43,561 JPYsq.m
(0.0304sq.m)
32,837 JPYsq.m
(0.0334sq.m)
Fujishiro31,645 JPYsq.m
(0.0579sq.m)
30,663 JPYsq.m
(0.0576sq.m)
25,355 JPYsq.m
(0.0334sq.m)
Sanuki27,356 JPYsq.m
(0.0283sq.m)
23,964 JPYsq.m
(0.0237sq.m)
26,167 JPYsq.m
(0.0396sq.m)
Ushiku26,331 JPYsq.m
(0.0410sq.m)
25,948 JPYsq.m
(0.0450sq.m)
30,198 JPYsq.m
(0.0289sq.m)
Hitachinoushiku66,409 JPYsq.m
(0.0283sq.m)
27,327 JPYsq.m
(0.0308sq.m)
27,371 JPYsq.m
(0.0215sq.m)
Arakawaoki18,556 JPYsq.m
(0.0390sq.m)
20,096 JPYsq.m
(0.0414sq.m)
21,032 JPYsq.m
(0.0473sq.m)
Tsuchiura18,750 JPYsq.m
(0.0524sq.m)
14,873 JPYsq.m
(0.0354sq.m)
21,789 JPYsq.m
(0.0266sq.m)
Kanndatsu24,951 JPYsq.m
(0.0403sq.m)
25,265 JPYsq.m
(0.0417sq.m)
13,093 JPYsq.m
(0.0411sq.m)
Takahama10,439 JPYsq.m
(0.0775sq.m)
3,618 JPYsq.m
(0.0469sq.m)
6,324 JPYsq.m
(0.0588sq.m)
Ishioka16,500 JPYsq.m
(0.0425sq.m)
15,489 JPYsq.m
(0.0512sq.m)
12,093 JPYsq.m
(0.0514sq.m)
Hatori8,235 JPYsq.m
(0.0511sq.m)
7,996 JPYsq.m
(0.0362sq.m)
8,245 JPYsq.m
(0.0406sq.m)
Iwama7,978 JPYsq.m
(0.0292sq.m)
9,182 JPYsq.m
(0.0920sq.m)
9,389 JPYsq.m
(0.0320sq.m)
Tomobe15,513 JPYsq.m
(0.0596sq.m)
13,296 JPYsq.m
(0.0445sq.m)
13,992 JPYsq.m
(0.0436sq.m)
Uchihara5,268 JPYsq.m
(0.0708sq.m)
18,152 JPYsq.m
(0.0295sq.m)
6,447 JPYsq.m
(0.0338sq.m)
Akatsuka27,438 JPYsq.m
(0.0454sq.m)
29,586 JPYsq.m
(0.0414sq.m)
22,211 JPYsq.m
(0.0432sq.m)
Kairakuenn---
Mito32,225 JPYsq.m
(0.0360sq.m)
34,432 JPYsq.m
(0.0404sq.m)
26,884 JPYsq.m
(0.0508sq.m)
Katsuta41,298 JPYsq.m
(0.0401sq.m)
38,623 JPYsq.m
(0.0366sq.m)
31,077 JPYsq.m
(0.0313sq.m)
Sawa24,273 JPYsq.m
(0.0561sq.m)
32,987 JPYsq.m
(0.0456sq.m)
24,612 JPYsq.m
(0.0448sq.m)
Toukai32,135 JPYsq.m
(0.0309sq.m)
40,690 JPYsq.m
(0.0356sq.m)
31,664 JPYsq.m
(0.0380sq.m)
Oomika27,852 JPYsq.m
(0.0452sq.m)
35,276 JPYsq.m
(0.0279sq.m)
21,147 JPYsq.m
(0.0401sq.m)
Hitachitaga37,047 JPYsq.m
(0.0270sq.m)
27,882 JPYsq.m
(0.0290sq.m)
37,700 JPYsq.m
(0.0219sq.m)
Hitachi29,596 JPYsq.m
(0.0621sq.m)
38,979 JPYsq.m
(0.0394sq.m)
28,550 JPYsq.m
(0.0475sq.m)
Ogitsu30,210 JPYsq.m
(0.0403sq.m)
35,120 JPYsq.m
(0.0232sq.m)
26,040 JPYsq.m
(0.0744sq.m)
Juuou14,145 JPYsq.m
(0.0273sq.m)
9,565 JPYsq.m
(0.0538sq.m)
12,672 JPYsq.m
(0.0360sq.m)
Takahagi18,560 JPYsq.m
(0.0416sq.m)
16,210 JPYsq.m
(0.0223sq.m)
14,608 JPYsq.m
(0.0350sq.m)
Minaminakagou11,781 JPYsq.m
(0.0377sq.m)
17,825 JPYsq.m
(0.0335sq.m)
13,349 JPYsq.m
(0.0710sq.m)
Isohara14,656 JPYsq.m
(0.0596sq.m)
19,315 JPYsq.m
(0.0567sq.m)
30,564 JPYsq.m
(0.0287sq.m)
Ootsukou10,415 JPYsq.m
(0.0386sq.m)
11,273 JPYsq.m
(0.0530sq.m)
10,437 JPYsq.m
(0.0368sq.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

Takahama10,439 JPY/sq.m (+189% compared with the previous year)

The average price of Takahama Land was 10,439 JPY/sq.m. The market value represents an increase of 6,821 JPY (+188.5%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 775.0 sq.m (a +65.2% increase compared to the 469.2 sq.m of last year.).

Hitachinoushiku66,409 JPY/sq.m (+143% compared with the previous year)

The average price of Hitachinoushiku Land was 66,409 JPY/sq.m. The market value represents an increase of 39,082 JPY (+143.0%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents a decrease of 6 (-35.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 283.3 sq.m (a -7.9% decrease compared to the 307.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 46.3 min in 2014 and 30.5 min in 2015; -34.0%)

Uchihara5,268 JPY/sq.m (-71% compared with the previous year)

The average price of Uchihara Land was 5,268 JPY/sq.m. The market value represents a decrease of 12,884 JPY (-71.0%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 9 (-69.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 707.5 sq.m (a +139.8% increase compared to the 295.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 29.5 min in 2014 and 52.5 min in 2015; +78.2%)

Minaminakagou11,781 JPY/sq.m (-34% compared with the previous year)

The average price of Minaminakagou Land was 11,781 JPY/sq.m. The market value represents a decrease of 6,044 JPY (-33.9%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 376.7 sq.m (a +12.4% increase compared to the 335.0 sq.m of last year.).


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)