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 25,739 JPY/sq.m. The market value represents an increase of 912 JPY (+3.7%) compared to 1 year ago and a transition to a some market. 185 properties exchanged hands ( The market value represents a decrease of 75 (-28.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 488.6 sq.m (a +4.0% increase compared to the 469.8 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.

13 stations have experienced increased prices; 13 stations have experienced decreased prices. The overall trend was the same as last year. Tsuchiura, Tomobe, Katsuta, Sawa station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Juuou station, where prices have increased +332.0% compared to last year; a sq.m unit now costs 13,289 JPY/sq.m.

The top 2 stations has seen prices increase +292.1% (+8,061 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -70.7% (-23,880 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 1.5% of total transactions in 2014 and 3.2% of total transactions in 2015)

Land stations market overview

The average price of Hitachinoushiku Land, the highest market value along this railway was 73,716 JPY/sq.m. The market value represents an increase of 47,037 JPY (+176.3%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 7 (-70.0%) 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 6,357 JPY/sq.m. The market value represents a decrease of 1,062 JPY (-14.3%) compared to 1 year ago and a transition to a weak 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.).

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.)
Toride33,425 JPYsq.m
(0.0351sq.m)
37,513 JPYsq.m
(0.0314sq.m)
36,625 JPYsq.m
(0.0355sq.m)
Fujishiro35,516 JPYsq.m
(0.0504sq.m)
41,603 JPYsq.m
(0.0740sq.m)
25,354 JPYsq.m
(0.0334sq.m)
Sanuki22,375 JPYsq.m
(0.0303sq.m)
24,976 JPYsq.m
(0.0382sq.m)
28,372 JPYsq.m
(0.0451sq.m)
Ushiku27,383 JPYsq.m
(0.0356sq.m)
25,164 JPYsq.m
(0.0372sq.m)
30,198 JPYsq.m
(0.0431sq.m)
Hitachinoushiku73,716 JPYsq.m
(0.0420sq.m)
26,678 JPYsq.m
(0.0431sq.m)
31,120 JPYsq.m
(0.0466sq.m)
Arakawaoki16,347 JPYsq.m
(0.0423sq.m)
21,695 JPYsq.m
(0.0463sq.m)
21,031 JPYsq.m
(0.0669sq.m)
Tsuchiura17,208 JPYsq.m
(0.0575sq.m)
11,757 JPYsq.m
(0.0398sq.m)
21,854 JPYsq.m
(0.0607sq.m)
Kanndatsu7,575 JPYsq.m
(0.0990sq.m)
35,306 JPYsq.m
(0.0210sq.m)
13,093 JPYsq.m
(0.0772sq.m)
Takahama-908 JPYsq.m
(0.0847sq.m)
6,482 JPYsq.m
(0.0959sq.m)
Ishioka-17,999 JPYsq.m
(0.0503sq.m)
12,093 JPYsq.m
(0.0607sq.m)
Hatori7,636 JPYsq.m
(0.0310sq.m)
9,112 JPYsq.m
(0.0376sq.m)
8,123 JPYsq.m
(0.0642sq.m)
Iwama8,252 JPYsq.m
(0.0235sq.m)
2,344 JPYsq.m
(0.01,117sq.m)
9,388 JPYsq.m
(0.0320sq.m)
Tomobe19,566 JPYsq.m
(0.01,248sq.m)
11,106 JPYsq.m
(0.0436sq.m)
13,992 JPYsq.m
(0.0827sq.m)
Uchihara6,357 JPYsq.m
(0.0693sq.m)
7,419 JPYsq.m
(0.0318sq.m)
5,994 JPYsq.m
(0.0360sq.m)
Akatsuka26,147 JPYsq.m
(0.0585sq.m)
31,329 JPYsq.m
(0.0501sq.m)
22,965 JPYsq.m
(0.0513sq.m)
Kairakuenn---
Mito31,776 JPYsq.m
(0.0331sq.m)
37,017 JPYsq.m
(0.0650sq.m)
27,014 JPYsq.m
(0.0604sq.m)
Katsuta59,070 JPYsq.m
(0.0442sq.m)
35,691 JPYsq.m
(0.0521sq.m)
32,052 JPYsq.m
(0.0394sq.m)
Sawa28,284 JPYsq.m
(0.01,267sq.m)
17,606 JPYsq.m
(0.0798sq.m)
24,612 JPYsq.m
(0.0448sq.m)
Toukai39,701 JPYsq.m
(0.0307sq.m)
33,302 JPYsq.m
(0.0410sq.m)
29,767 JPYsq.m
(0.0410sq.m)
Oomika11,792 JPYsq.m
(0.0396sq.m)
31,823 JPYsq.m
(0.0193sq.m)
21,428 JPYsq.m
(0.0411sq.m)
Hitachitaga37,578 JPYsq.m
(0.0323sq.m)
32,211 JPYsq.m
(0.0340sq.m)
33,876 JPYsq.m
(0.0351sq.m)
Hitachi24,467 JPYsq.m
(0.0598sq.m)
49,722 JPYsq.m
(0.0708sq.m)
28,549 JPYsq.m
(0.0475sq.m)
Ogitsu52,000 JPYsq.m
(0.0250sq.m)
48,412 JPYsq.m
(0.0240sq.m)
26,039 JPYsq.m
(0.0744sq.m)
Juuou13,289 JPYsq.m
(0.0299sq.m)
3,076 JPYsq.m
(0.0650sq.m)
12,672 JPYsq.m
(0.0360sq.m)
Takahagi18,889 JPYsq.m
(0.0520sq.m)
16,210 JPYsq.m
(0.0223sq.m)
14,608 JPYsq.m
(0.0350sq.m)
Minaminakagou23,214 JPYsq.m
(0.0280sq.m)
23,529 JPYsq.m
(0.0340sq.m)
13,349 JPYsq.m
(0.0710sq.m)
Isohara11,010 JPYsq.m
(0.0590sq.m)
14,660 JPYsq.m
(0.0417sq.m)
30,564 JPYsq.m
(0.0287sq.m)
Ootsukou12,297 JPYsq.m
(0.0415sq.m)
11,276 JPYsq.m
(0.0350sq.m)
10,436 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

Juuou13,289 JPY/sq.m (+332% compared with the previous year)

The average price of Juuou Land was 13,289 JPY/sq.m. The market value represents an increase of 10,213 JPY (+332.0%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 6 (+600.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 298.6 sq.m (a -54.1% decrease compared to the 650.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2014 and 19.6 min in 2015; -34.8%)

Iwama8,252 JPY/sq.m (+252% compared with the previous year)

The average price of Iwama Land was 8,252 JPY/sq.m. The market value represents an increase of 5,908 JPY (+252.1%) 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 235.0 sq.m (a -79.0% decrease compared to the 1116.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 38.0 min in 2014 and 26.3 min in 2015; -30.7%)

Kanndatsu7,575 JPY/sq.m (-79% compared with the previous year)

The average price of Kanndatsu Land was 7,575 JPY/sq.m. The market value represents a decrease of 27,730 JPY (-78.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 990.0 sq.m (a +371.4% increase compared to the 210.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 35.5 min in 2014 and 30.0 min in 2015; -15.5%)

Oomika11,792 JPY/sq.m (-63% compared with the previous year)

The average price of Oomika Land was 11,792 JPY/sq.m. The market value represents a decrease of 20,030 JPY (-62.9%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 1 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 396.0 sq.m (a +104.8% increase compared to the 193.3 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 26.0 min in 2014 and 29.8 min in 2015; +14.6%)

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)