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, 2016 to Mar, 2016 was 28,463 JPY/sq.m. The market value represents an increase of 4,480 JPY (+18.7%) compared to 1 year ago and a transition to a bull market. 459 properties exchanged hands ( The market value represents a decrease of 95 (-17.1%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 413.8 sq.m (a +2.2% increase compared to the 405.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

16 stations have experienced increased prices; 13 stations have experienced decreased prices. The overall trend was the same as last year. Sanuki, Hitachinoushiku, Arakawaoki, Ishioka, Hatori, Uchihara, Mito, Katsuta, Sawa, Minaminakagou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kairakuenn station, where prices have increased +276.3% compared to last year; a sq.m unit now costs 37,634 JPY/sq.m.

The top 2 stations has seen prices increase +195.0% (+22,993 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -19.7% (-3,691 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 2.0% of total transactions in 2015 and 3.3% of total transactions in 2016)

Land stations market overview

The average price of Hitachinoushiku Land, the highest market value along this railway was 64,538 JPY/sq.m. The market value represents an increase of 14,794 JPY (+29.7%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents a decrease of 5 (-33.3%) 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 4,562 JPY/sq.m. The market value represents an increase of 482 JPY (+11.8%) compared to 1 year ago and a transition to a bull market. 12 properties exchanged hands ( The market value represents an increase of 2 (+20.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Joban Line (Stations Land market overview)
JR Joban LineThis year(2016)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Toride30,092 JPYsq.m
(0.0309sq.m)
32,821 JPYsq.m
(0.0218sq.m)
46,842 JPYsq.m
(0.0272sq.m)
Fujishiro30,612 JPYsq.m
(0.0426sq.m)
35,430 JPYsq.m
(0.0392sq.m)
38,604 JPYsq.m
(0.0338sq.m)
Sanuki31,364 JPYsq.m
(0.0275sq.m)
21,819 JPYsq.m
(0.0506sq.m)
14,654 JPYsq.m
(0.0790sq.m)
Ushiku27,205 JPYsq.m
(0.0481sq.m)
26,891 JPYsq.m
(0.0378sq.m)
15,855 JPYsq.m
(0.0500sq.m)
Hitachinoushiku64,538 JPYsq.m
(0.0300sq.m)
49,744 JPYsq.m
(0.0248sq.m)
47,787 JPYsq.m
(0.0476sq.m)
Arakawaoki36,526 JPYsq.m
(0.0230sq.m)
23,744 JPYsq.m
(0.0441sq.m)
24,942 JPYsq.m
(0.0281sq.m)
Tsuchiura21,631 JPYsq.m
(0.0449sq.m)
23,436 JPYsq.m
(0.0427sq.m)
23,809 JPYsq.m
(0.0447sq.m)
Kanndatsu20,965 JPYsq.m
(0.0444sq.m)
22,732 JPYsq.m
(0.0462sq.m)
19,163 JPYsq.m
(0.0598sq.m)
Takahama4,562 JPYsq.m
(0.0516sq.m)
4,080 JPYsq.m
(0.0531sq.m)
7,422 JPYsq.m
(0.0282sq.m)
Ishioka22,567 JPYsq.m
(0.0310sq.m)
17,678 JPYsq.m
(0.0328sq.m)
20,343 JPYsq.m
(0.0383sq.m)
Hatori11,162 JPYsq.m
(0.0629sq.m)
6,803 JPYsq.m
(0.0674sq.m)
8,120 JPYsq.m
(0.0579sq.m)
Iwama11,922 JPYsq.m
(0.0405sq.m)
5,732 JPYsq.m
(0.0545sq.m)
8,972 JPYsq.m
(0.0426sq.m)
Tomobe21,065 JPYsq.m
(0.0439sq.m)
23,656 JPYsq.m
(0.0360sq.m)
20,852 JPYsq.m
(0.0363sq.m)
Uchihara11,186 JPYsq.m
(0.0776sq.m)
9,206 JPYsq.m
(0.0415sq.m)
7,901 JPYsq.m
(0.0298sq.m)
Akatsuka26,567 JPYsq.m
(0.0468sq.m)
30,131 JPYsq.m
(0.0408sq.m)
28,595 JPYsq.m
(0.0496sq.m)
Kairakuenn37,634 JPYsq.m
(0.0930sq.m)
10,000 JPYsq.m
(0.0500sq.m)
-
Mito31,872 JPYsq.m
(0.0421sq.m)
24,533 JPYsq.m
(0.0445sq.m)
55,695 JPYsq.m
(0.0461sq.m)
Katsuta37,183 JPYsq.m
(0.0359sq.m)
30,101 JPYsq.m
(0.0425sq.m)
37,019 JPYsq.m
(0.0323sq.m)
Sawa46,038 JPYsq.m
(0.0244sq.m)
31,745 JPYsq.m
(0.0436sq.m)
23,352 JPYsq.m
(0.0413sq.m)
Toukai37,793 JPYsq.m
(0.0504sq.m)
32,423 JPYsq.m
(0.0523sq.m)
24,469 JPYsq.m
(0.0341sq.m)
Oomika25,027 JPYsq.m
(0.0289sq.m)
25,689 JPYsq.m
(0.0349sq.m)
25,008 JPYsq.m
(0.0245sq.m)
Hitachitaga29,641 JPYsq.m
(0.0584sq.m)
34,653 JPYsq.m
(0.0320sq.m)
39,067 JPYsq.m
(0.0260sq.m)
Hitachi38,225 JPYsq.m
(0.0205sq.m)
39,118 JPYsq.m
(0.0244sq.m)
33,791 JPYsq.m
(0.0350sq.m)
Ogitsu20,516 JPYsq.m
(0.0340sq.m)
24,325 JPYsq.m
(0.0339sq.m)
29,804 JPYsq.m
(0.0373sq.m)
Juuou34,483 JPYsq.m
(0.0290sq.m)
16,132 JPYsq.m
(0.0363sq.m)
19,008 JPYsq.m
(0.0350sq.m)
Takahagi12,631 JPYsq.m
(0.0800sq.m)
15,051 JPYsq.m
(0.0350sq.m)
16,253 JPYsq.m
(0.0334sq.m)
Minaminakagou16,480 JPYsq.m
(0.0220sq.m)
10,634 JPYsq.m
(0.0290sq.m)
-
Isohara16,354 JPYsq.m
(0.0436sq.m)
21,317 JPYsq.m
(0.0366sq.m)
15,239 JPYsq.m
(0.0304sq.m)
Ootsukou9,266 JPYsq.m
(0.0401sq.m)
9,666 JPYsq.m
(0.0259sq.m)
11,882 JPYsq.m
(0.0446sq.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

Kairakuenn37,634 JPY/sq.m (+276% compared with the previous year)

The average price of Kairakuenn Land was 37,634 JPY/sq.m. The market value represents an increase of 27,634 JPY (+276.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 930.0 sq.m (a +86.0% increase compared to the 500.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 30.0 min in 2015 and 60.0 min in 2016; +100.0%)

Juuou34,483 JPY/sq.m (+114% compared with the previous year)

The average price of Juuou Land was 34,483 JPY/sq.m. The market value represents an increase of 18,351 JPY (+113.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 8 (-88.9%) 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 -20.2% decrease compared to the 363.3 sq.m of last year.).

Isohara16,354 JPY/sq.m (-23% compared with the previous year)

The average price of Isohara Land was 16,354 JPY/sq.m. The market value represents a decrease of 4,962 JPY (-23.3%) compared to 1 year ago and a transition to a dramatic market. 13 properties exchanged hands ( The market value represents a decrease of 20 (-60.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 436.4 sq.m (a +19.1% increase compared to the 366.2 sq.m of last year.).

Takahagi12,631 JPY/sq.m (-16% compared with the previous year)

The average price of Takahagi Land was 12,631 JPY/sq.m. The market value represents a decrease of 2,420 JPY (-16.1%) compared to 1 year ago and a transition to a weak market. 3 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 800.0 sq.m (a +128.6% increase compared to the 350.0 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)