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 Dec, 2015 was 24,999 JPY/sq.m. The market value represents a decrease of 817 JPY (-3.2%) compared to 1 year ago and a transition to a some market. 1881 properties exchanged hands ( The market value represents an increase of 32 (+1.7%) compared to 1 year ago and a transition to a slight market.).

The average size of the real estate was 413.0 sq.m (a +0.9% increase compared to the 409.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

12 stations have experienced increased prices; 16 stations have experienced decreased prices. The overall trend was the same as last year. Ushiku, Hitachinoushiku, Tomobe, Minaminakagou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Hitachinoushiku station, where prices have increased +60.4% compared to last year; a sq.m unit now costs 56,549 JPY/sq.m.

The top 2 stations has seen prices increase +44.9% (+12,106 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -22.3% (-9,125 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 2.1% 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 0.8% of total transactions in 2014 and 0.3% of total transactions in 2015)

Land stations market overview

The average price of Hitachinoushiku Land, the highest market value along this railway was 56,549 JPY/sq.m. The market value represents an increase of 21,295 JPY (+60.4%) compared to 1 year ago and a transition to a dramatic market. 49 properties exchanged hands ( The market value represents a decrease of 4 (-7.5%) compared to 1 year ago and a transition to a bear market.).

The average price of Takahama Land, the lowest market value along this railway was 8,518 JPY/sq.m. The market value represents a decrease of 905 JPY (-9.6%) compared to 1 year ago and a transition to a bear market. 48 properties exchanged hands ( The market value represents an increase of 11 (+29.7%) 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.)
Toride32,212 JPYsq.m
(0.0409sq.m)
42,371 JPYsq.m
(0.0287sq.m)
46,285 JPYsq.m
(0.0344sq.m)
Fujishiro28,915 JPYsq.m
(0.0426sq.m)
27,245 JPYsq.m
(0.0401sq.m)
30,000 JPYsq.m
(0.0299sq.m)
Sanuki23,874 JPYsq.m
(0.0361sq.m)
23,111 JPYsq.m
(0.0408sq.m)
26,096 JPYsq.m
(0.0371sq.m)
Ushiku28,110 JPYsq.m
(0.0345sq.m)
22,578 JPYsq.m
(0.0419sq.m)
29,783 JPYsq.m
(0.0312sq.m)
Hitachinoushiku56,549 JPYsq.m
(0.0306sq.m)
35,254 JPYsq.m
(0.0412sq.m)
47,456 JPYsq.m
(0.0287sq.m)
Arakawaoki21,195 JPYsq.m
(0.0380sq.m)
22,283 JPYsq.m
(0.0385sq.m)
23,953 JPYsq.m
(0.0420sq.m)
Tsuchiura22,130 JPYsq.m
(0.0450sq.m)
20,761 JPYsq.m
(0.0390sq.m)
24,713 JPYsq.m
(0.0344sq.m)
Kanndatsu24,634 JPYsq.m
(0.0465sq.m)
24,404 JPYsq.m
(0.0464sq.m)
21,656 JPYsq.m
(0.0473sq.m)
Takahama8,518 JPYsq.m
(0.0484sq.m)
9,423 JPYsq.m
(0.0353sq.m)
7,266 JPYsq.m
(0.0448sq.m)
Ishioka17,371 JPYsq.m
(0.0401sq.m)
15,924 JPYsq.m
(0.0451sq.m)
14,594 JPYsq.m
(0.0491sq.m)
Hatori8,553 JPYsq.m
(0.0544sq.m)
9,021 JPYsq.m
(0.0453sq.m)
11,123 JPYsq.m
(0.0408sq.m)
Iwama8,665 JPYsq.m
(0.0522sq.m)
8,901 JPYsq.m
(0.0556sq.m)
13,864 JPYsq.m
(0.0391sq.m)
Tomobe19,495 JPYsq.m
(0.0482sq.m)
15,329 JPYsq.m
(0.0425sq.m)
18,045 JPYsq.m
(0.0416sq.m)
Uchihara11,551 JPYsq.m
(0.0513sq.m)
13,936 JPYsq.m
(0.0334sq.m)
11,039 JPYsq.m
(0.0337sq.m)
Akatsuka26,704 JPYsq.m
(0.0492sq.m)
26,033 JPYsq.m
(0.0414sq.m)
22,811 JPYsq.m
(0.0453sq.m)
Kairakuenn10,000 JPYsq.m
(0.0500sq.m)
-2,699 JPYsq.m
(0.01,090sq.m)
Mito31,077 JPYsq.m
(0.0398sq.m)
39,169 JPYsq.m
(0.0438sq.m)
30,614 JPYsq.m
(0.0463sq.m)
Katsuta33,985 JPYsq.m
(0.0408sq.m)
34,920 JPYsq.m
(0.0416sq.m)
31,929 JPYsq.m
(0.0329sq.m)
Sawa28,566 JPYsq.m
(0.0462sq.m)
27,151 JPYsq.m
(0.0419sq.m)
25,392 JPYsq.m
(0.0421sq.m)
Toukai30,970 JPYsq.m
(0.0413sq.m)
35,128 JPYsq.m
(0.0440sq.m)
29,839 JPYsq.m
(0.0427sq.m)
Oomika25,570 JPYsq.m
(0.0379sq.m)
25,951 JPYsq.m
(0.0285sq.m)
27,135 JPYsq.m
(0.0331sq.m)
Hitachitaga35,173 JPYsq.m
(0.0312sq.m)
38,004 JPYsq.m
(0.0290sq.m)
35,534 JPYsq.m
(0.0297sq.m)
Hitachi36,534 JPYsq.m
(0.0349sq.m)
36,428 JPYsq.m
(0.0387sq.m)
47,971 JPYsq.m
(0.0375sq.m)
Ogitsu26,898 JPYsq.m
(0.0335sq.m)
29,362 JPYsq.m
(0.0348sq.m)
29,134 JPYsq.m
(0.0498sq.m)
Juuou16,036 JPYsq.m
(0.0347sq.m)
16,574 JPYsq.m
(0.0394sq.m)
17,782 JPYsq.m
(0.0367sq.m)
Takahagi15,262 JPYsq.m
(0.0377sq.m)
17,889 JPYsq.m
(0.0332sq.m)
16,849 JPYsq.m
(0.0318sq.m)
Minaminakagou12,825 JPYsq.m
(0.0321sq.m)
9,909 JPYsq.m
(0.0506sq.m)
11,857 JPYsq.m
(0.0502sq.m)
Isohara17,292 JPYsq.m
(0.0419sq.m)
17,693 JPYsq.m
(0.0546sq.m)
16,943 JPYsq.m
(0.0504sq.m)
Ootsukou10,260 JPYsq.m
(0.0307sq.m)
11,021 JPYsq.m
(0.0520sq.m)
10,552 JPYsq.m
(0.0416sq.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

Hitachinoushiku56,549 JPY/sq.m (+60% compared with the previous year)

The average price of Hitachinoushiku Land was 56,549 JPY/sq.m. The market value represents an increase of 21,295 JPY (+60.4%) compared to 1 year ago and a transition to a dramatic market. 49 properties exchanged hands ( The market value represents a decrease of 4 (-7.5%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 306.2 sq.m (a -25.7% decrease compared to the 412.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 38.2 min in 2014 and 27.4 min in 2015; -28.3%)

Minaminakagou12,825 JPY/sq.m (+29% compared with the previous year)

The average price of Minaminakagou Land was 12,825 JPY/sq.m. The market value represents an increase of 2,917 JPY (+29.4%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 321.4 sq.m (a -36.4% decrease compared to the 505.7 sq.m of last year.).

Toride32,212 JPY/sq.m (-24% compared with the previous year)

The average price of Toride Land was 32,212 JPY/sq.m. The market value represents a decrease of 10,158 JPY (-24.0%) compared to 1 year ago and a transition to a dramatic market. 19 properties exchanged hands ( The market value represents a decrease of 11 (-36.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 408.7 sq.m (a +42.6% increase compared to the 286.7 sq.m of last year.).

Mito31,077 JPY/sq.m (-21% compared with the previous year)

The average price of Mito Land was 31,077 JPY/sq.m. The market value represents a decrease of 8,092 JPY (-20.7%) compared to 1 year ago and a transition to a dramatic market. 235 properties exchanged hands ( The market value represents a decrease of 12 (-4.9%) compared to 1 year ago and a transition to a some market.).

The average size of the real estate was 397.8 sq.m (a -9.1% decrease compared to the 437.6 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)