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 23,875 JPY/sq.m. The market value represents an increase of 114 JPY (+0.5%) compared to 1 year ago and a transition to a slight market. 993 properties exchanged hands ( The market value represents a decrease of 39 (-3.8%) compared to 1 year ago and a transition to a some market.).

The average size of the real estate was 537.0 sq.m (a +0.9% increase compared to the 532.0 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; 15 stations have experienced decreased prices. The overall trend was the same as last year. Ushiku, Hitachinoushiku, Takahama, Iwama, Tomobe, Uchihara, Katsuta, Sawa, Isohara station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Minaminakagou station, where prices have increased +173.5% compared to last year; a sq.m unit now costs 21,940 JPY/sq.m.

The top 2 stations has seen prices increase +115.9% (+10,944 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -25.2% (-6,544 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 1.4% 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 1.1% of total transactions in 2014 and 0.2% of total transactions in 2015)

Land stations market overview

The average price of Hitachinoushiku Land, the highest market value along this railway was 50,113 JPY/sq.m. The market value represents an increase of 17,024 JPY (+51.4%) compared to 1 year ago and a transition to a dramatic market. 27 properties exchanged hands ( The market value represents a decrease of 8 (-22.9%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Takahama Land, the lowest market value along this railway was 6,979 JPY/sq.m. The market value represents an increase of 1,833 JPY (+35.6%) compared to 1 year ago and a transition to a dramatic market. 30 properties exchanged hands ( The market value represents an increase of 17 (+130.8%) 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.)
Toride30,978 JPYsq.m
(0.0347sq.m)
38,339 JPYsq.m
(0.0315sq.m)
46,736 JPYsq.m
(0.0350sq.m)
Fujishiro24,912 JPYsq.m
(0.0444sq.m)
30,113 JPYsq.m
(0.0540sq.m)
30,000 JPYsq.m
(0.0299sq.m)
Sanuki21,816 JPYsq.m
(0.0568sq.m)
22,156 JPYsq.m
(0.0662sq.m)
26,420 JPYsq.m
(0.0397sq.m)
Ushiku26,016 JPYsq.m
(0.0417sq.m)
20,203 JPYsq.m
(0.0451sq.m)
29,782 JPYsq.m
(0.0408sq.m)
Hitachinoushiku50,113 JPYsq.m
(0.0515sq.m)
33,089 JPYsq.m
(0.0477sq.m)
48,938 JPYsq.m
(0.0447sq.m)
Arakawaoki20,642 JPYsq.m
(0.0406sq.m)
22,306 JPYsq.m
(0.0481sq.m)
23,953 JPYsq.m
(0.0529sq.m)
Tsuchiura22,697 JPYsq.m
(0.0646sq.m)
20,556 JPYsq.m
(0.0444sq.m)
24,649 JPYsq.m
(0.0507sq.m)
Kanndatsu24,027 JPYsq.m
(0.0882sq.m)
22,146 JPYsq.m
(0.0909sq.m)
21,655 JPYsq.m
(0.0720sq.m)
Takahama6,979 JPYsq.m
(0.0608sq.m)
5,146 JPYsq.m
(0.01,145sq.m)
7,376 JPYsq.m
(0.0666sq.m)
Ishioka16,363 JPYsq.m
(0.0558sq.m)
17,537 JPYsq.m
(0.0685sq.m)
14,594 JPYsq.m
(0.0593sq.m)
Hatori8,550 JPYsq.m
(0.0711sq.m)
10,358 JPYsq.m
(0.0561sq.m)
11,134 JPYsq.m
(0.0683sq.m)
Iwama8,909 JPYsq.m
(0.0756sq.m)
7,082 JPYsq.m
(0.0997sq.m)
13,864 JPYsq.m
(0.0391sq.m)
Tomobe21,660 JPYsq.m
(0.0642sq.m)
13,689 JPYsq.m
(0.0565sq.m)
18,044 JPYsq.m
(0.0787sq.m)
Uchihara11,357 JPYsq.m
(0.0693sq.m)
8,441 JPYsq.m
(0.0522sq.m)
11,408 JPYsq.m
(0.0434sq.m)
Akatsuka25,627 JPYsq.m
(0.0655sq.m)
25,689 JPYsq.m
(0.0479sq.m)
22,946 JPYsq.m
(0.0589sq.m)
Kairakuenn10,000 JPYsq.m
(0.0500sq.m)
-2,698 JPYsq.m
(0.01,090sq.m)
Mito30,715 JPYsq.m
(0.0480sq.m)
33,188 JPYsq.m
(0.0562sq.m)
30,498 JPYsq.m
(0.0579sq.m)
Katsuta41,451 JPYsq.m
(0.0569sq.m)
33,532 JPYsq.m
(0.0408sq.m)
32,175 JPYsq.m
(0.0472sq.m)
Sawa30,820 JPYsq.m
(0.0732sq.m)
22,976 JPYsq.m
(0.0574sq.m)
25,179 JPYsq.m
(0.0476sq.m)
Toukai31,362 JPYsq.m
(0.0515sq.m)
30,039 JPYsq.m
(0.0470sq.m)
30,385 JPYsq.m
(0.0502sq.m)
Oomika21,869 JPYsq.m
(0.0342sq.m)
23,830 JPYsq.m
(0.0227sq.m)
27,289 JPYsq.m
(0.0331sq.m)
Hitachitaga34,170 JPYsq.m
(0.0322sq.m)
35,681 JPYsq.m
(0.0301sq.m)
34,514 JPYsq.m
(0.0392sq.m)
Hitachi29,696 JPYsq.m
(0.0427sq.m)
36,987 JPYsq.m
(0.0495sq.m)
48,926 JPYsq.m
(0.0406sq.m)
Ogitsu24,239 JPYsq.m
(0.0421sq.m)
33,549 JPYsq.m
(0.0333sq.m)
29,134 JPYsq.m
(0.0498sq.m)
Juuou17,971 JPYsq.m
(0.0278sq.m)
18,304 JPYsq.m
(0.0540sq.m)
17,254 JPYsq.m
(0.0407sq.m)
Takahagi12,841 JPYsq.m
(0.0404sq.m)
16,619 JPYsq.m
(0.0400sq.m)
17,078 JPYsq.m
(0.0466sq.m)
Minaminakagou21,940 JPYsq.m
(0.0290sq.m)
8,023 JPYsq.m
(0.0955sq.m)
11,857 JPYsq.m
(0.0652sq.m)
Isohara17,661 JPYsq.m
(0.0466sq.m)
13,950 JPYsq.m
(0.0572sq.m)
16,942 JPYsq.m
(0.0892sq.m)
Ootsukou10,380 JPYsq.m
(0.0258sq.m)
10,665 JPYsq.m
(0.0435sq.m)
10,551 JPYsq.m
(0.0485sq.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

Minaminakagou21,940 JPY/sq.m (+173% compared with the previous year)

The average price of Minaminakagou Land was 21,940 JPY/sq.m. The market value represents an increase of 13,917 JPY (+173.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 290.0 sq.m (a -69.6% decrease compared to the 955.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 34.8 min in 2014 and 29.0 min in 2015; -16.5%)

Tomobe21,660 JPY/sq.m (+58% compared with the previous year)

The average price of Tomobe Land was 21,660 JPY/sq.m. The market value represents an increase of 7,972 JPY (+58.2%) compared to 1 year ago and a transition to a dramatic market. 28 properties exchanged hands ( The market value represents a decrease of 20 (-41.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 642.5 sq.m (a +13.8% increase compared to the 564.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 33.0 min in 2014 and 25.7 min in 2015; -22.1%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.1% of total transactions in 2014 and 3.6% of total transactions in 2015)

Ogitsu24,239 JPY/sq.m (-28% compared with the previous year)

The average price of Ogitsu Land was 24,239 JPY/sq.m. The market value represents a decrease of 9,310 JPY (-27.8%) compared to 1 year ago and a transition to a dramatic market. 15 properties exchanged hands ( The market value represents an increase of 8 (+114.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 420.7 sq.m (a +26.4% increase compared to the 332.9 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 14.1 min in 2014 and 15.9 min in 2015; +12.2%)

Takahagi12,841 JPY/sq.m (-23% compared with the previous year)

The average price of Takahagi Land was 12,841 JPY/sq.m. The market value represents a decrease of 3,779 JPY (-22.7%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents a decrease of 1 (-5.6%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 403.5 sq.m (a +0.8% increase compared to the 400.3 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 22.7 min in 2014 and 26.6 min in 2015; +17.6%)

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)