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 26,913 JPY/sq.m. The market value represents an increase of 5,575 JPY (+26.1%) compared to 1 year ago and a transition to a dramatic market. 244 properties exchanged hands ( The market value represents a decrease of 91 (-27.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 497.8 sq.m (a -12.3% decrease compared to the 567.6 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.

17 stations have experienced increased prices; 10 stations have experienced decreased prices. The overall trend was the same as last year. Sanuki, Ushiku, Arakawaoki, Takahama, Ishioka, Hatori, Iwama, Mito, Toukai, Hitachi 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 +194.7% (+29,366 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -56.6% (-13,991 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 1.2% of total transactions in 2015 and 2.9% of total transactions in 2016)

Land stations market overview

The average price of Hitachinoushiku Land, the highest market value along this railway was 58,612 JPY/sq.m. The market value represents an increase of 31,099 JPY (+113.0%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands (It was the same as last year.).

The average price of Takahama Land, the lowest market value along this railway was 5,547 JPY/sq.m. The market value represents an increase of 1,095 JPY (+24.6%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 2 (-25.0%) 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.)
Toride29,526 JPYsq.m
(0.0301sq.m)
36,572 JPYsq.m
(0.0315sq.m)
45,908 JPYsq.m
(0.0333sq.m)
Fujishiro13,512 JPYsq.m
(0.0517sq.m)
11,712 JPYsq.m
(0.0520sq.m)
38,971 JPYsq.m
(0.0343sq.m)
Sanuki32,240 JPYsq.m
(0.0300sq.m)
26,046 JPYsq.m
(0.0712sq.m)
14,034 JPYsq.m
(0.01,134sq.m)
Ushiku31,444 JPYsq.m
(0.0469sq.m)
22,260 JPYsq.m
(0.0447sq.m)
14,330 JPYsq.m
(0.0497sq.m)
Hitachinoushiku58,612 JPYsq.m
(0.0247sq.m)
27,513 JPYsq.m
(0.0486sq.m)
46,720 JPYsq.m
(0.0472sq.m)
Arakawaoki36,603 JPYsq.m
(0.0405sq.m)
23,607 JPYsq.m
(0.0554sq.m)
23,429 JPYsq.m
(0.0284sq.m)
Tsuchiura22,723 JPYsq.m
(0.0687sq.m)
23,007 JPYsq.m
(0.0713sq.m)
24,357 JPYsq.m
(0.0434sq.m)
Kanndatsu18,931 JPYsq.m
(0.0518sq.m)
25,519 JPYsq.m
(0.0774sq.m)
19,163 JPYsq.m
(0.0893sq.m)
Takahama5,547 JPYsq.m
(0.0573sq.m)
4,452 JPYsq.m
(0.0753sq.m)
4,359 JPYsq.m
(0.0855sq.m)
Ishioka22,386 JPYsq.m
(0.0367sq.m)
15,326 JPYsq.m
(0.0531sq.m)
20,970 JPYsq.m
(0.0864sq.m)
Hatori9,123 JPYsq.m
(0.0558sq.m)
6,415 JPYsq.m
(0.0950sq.m)
8,778 JPYsq.m
(0.0594sq.m)
Iwama10,000 JPYsq.m
(0.0200sq.m)
6,523 JPYsq.m
(0.0773sq.m)
8,567 JPYsq.m
(0.0970sq.m)
Tomobe26,233 JPYsq.m
(0.0408sq.m)
25,754 JPYsq.m
(0.0359sq.m)
20,043 JPYsq.m
(0.0772sq.m)
Uchihara8,609 JPYsq.m
(0.01,138sq.m)
7,696 JPYsq.m
(0.0441sq.m)
6,704 JPYsq.m
(0.0534sq.m)
Akatsuka21,477 JPYsq.m
(0.0567sq.m)
25,886 JPYsq.m
(0.0646sq.m)
27,041 JPYsq.m
(0.0505sq.m)
Kairakuenn37,634 JPYsq.m
(0.0930sq.m)
10,000 JPYsq.m
(0.0500sq.m)
-
Mito34,906 JPYsq.m
(0.0411sq.m)
24,548 JPYsq.m
(0.0569sq.m)
29,091 JPYsq.m
(0.0544sq.m)
Katsuta37,914 JPYsq.m
(0.0646sq.m)
31,893 JPYsq.m
(0.0635sq.m)
31,816 JPYsq.m
(0.0360sq.m)
Sawa7,142 JPYsq.m
(0.0210sq.m)
29,495 JPYsq.m
(0.0691sq.m)
18,536 JPYsq.m
(0.0643sq.m)
Toukai36,021 JPYsq.m
(0.0320sq.m)
20,829 JPYsq.m
(0.0772sq.m)
20,596 JPYsq.m
(0.0362sq.m)
Oomika20,202 JPYsq.m
(0.0249sq.m)
23,540 JPYsq.m
(0.0304sq.m)
22,404 JPYsq.m
(0.0197sq.m)
Hitachitaga29,640 JPYsq.m
(0.0584sq.m)
37,145 JPYsq.m
(0.0282sq.m)
38,362 JPYsq.m
(0.0285sq.m)
Hitachi34,236 JPYsq.m
(0.0209sq.m)
27,978 JPYsq.m
(0.0410sq.m)
33,391 JPYsq.m
(0.0397sq.m)
Ogitsu19,964 JPYsq.m
(0.0782sq.m)
18,805 JPYsq.m
(0.0317sq.m)
27,044 JPYsq.m
(0.0595sq.m)
Juuou-21,037 JPYsq.m
(0.0293sq.m)
13,320 JPYsq.m
(0.0452sq.m)
Takahagi9,422 JPYsq.m
(0.0990sq.m)
15,050 JPYsq.m
(0.0350sq.m)
13,999 JPYsq.m
(0.0508sq.m)
Minaminakagou---
Isohara17,033 JPYsq.m
(0.0463sq.m)
22,092 JPYsq.m
(0.0505sq.m)
12,432 JPYsq.m
(0.0514sq.m)
Ootsukou9,498 JPYsq.m
(0.0456sq.m)
9,714 JPYsq.m
(0.0211sq.m)
13,163 JPYsq.m
(0.0465sq.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%)

Hitachinoushiku58,612 JPY/sq.m (+113% compared with the previous year)

The average price of Hitachinoushiku Land was 58,612 JPY/sq.m. The market value represents an increase of 31,099 JPY (+113.0%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 246.7 sq.m (a -49.2% decrease compared to the 485.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 55.7 min in 2015 and 27.3 min in 2016; -50.9%)

Sawa7,142 JPY/sq.m (-76% compared with the previous year)

The average price of Sawa Land was 7,142 JPY/sq.m. The market value represents a decrease of 22,353 JPY (-75.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 6 (-85.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 210.0 sq.m (a -69.6% decrease compared to the 691.4 sq.m of last year.).

Takahagi9,422 JPY/sq.m (-37% compared with the previous year)

The average price of Takahagi Land was 9,422 JPY/sq.m. The market value represents a decrease of 5,628 JPY (-37.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) 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 +182.9% increase compared to the 350.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 25.3 min in 2015 and 30.0 min in 2016; +18.4%)

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)