JR Joban Line railway market report

JR Joban Line Land market overview

The average price of JR Joban Line (Toride to Ootsukou) Land, in Apr, 2016 to Jun, 2016 was 22,753 JPY/sq.m. The market value represents a decrease of 3,759 JPY (-14.2%) compared to 1 year ago and a transition to a weak market. 487 properties exchanged hands ( The market value represents an increase of 47 (+10.7%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 447.4 sq.m (a +11.0% increase compared to the 402.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a some increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

7 stations have experienced increased prices; 20 stations have experienced decreased prices. Market value of most stations decreased. Uchihara station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Uchihara station, where prices have increased +53.1% compared to last year; a sq.m unit now costs 27,170 JPY/sq.m.

The top 2 stations has seen prices increase +35.6% (+6,152 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -52.2% (-10,634 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 0.2% of total transactions in 2015 and 0.4% of total transactions in 2016)

Causes of price decreases

  • An increase in average distance from the station (representing 38.5 min in 2015 and 43.0 min in 2016; +11.7%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.8% of total transactions in 2015 and 1.4% of total transactions in 2016)

Land stations market overview

The average price of Hitachinoushiku Land, the highest market value along this railway was 50,442 JPY/sq.m. The market value represents a decrease of 12,456 JPY (-19.8%) compared to 1 year ago and a transition to a weak market. 9 properties exchanged hands ( The market value represents an increase of 1 (+12.5%) compared to 1 year ago and a transition to a bull market.).

The average price of Hatori Land, the lowest market value along this railway was 4,759 JPY/sq.m. The market value represents a decrease of 3,437 JPY (-41.9%) compared to 1 year ago and a transition to a dramatic market. 18 properties exchanged hands ( The market value represents an increase of 8 (+80.0%) 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.)
Toride29,280 JPYsq.m
(0.0252sq.m)
34,691 JPYsq.m
(0.0457sq.m)
31,995 JPYsq.m
(0.0118sq.m)
Fujishiro22,972 JPYsq.m
(0.0359sq.m)
23,570 JPYsq.m
(0.0408sq.m)
15,000 JPYsq.m
(0.0180sq.m)
Sanuki26,117 JPYsq.m
(0.0481sq.m)
26,603 JPYsq.m
(0.0275sq.m)
25,722 JPYsq.m
(0.0354sq.m)
Ushiku32,788 JPYsq.m
(0.0298sq.m)
33,250 JPYsq.m
(0.0319sq.m)
34,447 JPYsq.m
(0.0281sq.m)
Hitachinoushiku50,442 JPYsq.m
(0.0295sq.m)
62,898 JPYsq.m
(0.0404sq.m)
30,380 JPYsq.m
(0.0510sq.m)
Arakawaoki26,149 JPYsq.m
(0.0422sq.m)
22,487 JPYsq.m
(0.0414sq.m)
23,365 JPYsq.m
(0.0344sq.m)
Tsuchiura21,274 JPYsq.m
(0.0564sq.m)
23,609 JPYsq.m
(0.0406sq.m)
24,225 JPYsq.m
(0.0477sq.m)
Kanndatsu22,837 JPYsq.m
(0.0440sq.m)
25,866 JPYsq.m
(0.0456sq.m)
28,140 JPYsq.m
(0.0257sq.m)
Takahama4,994 JPYsq.m
(0.0697sq.m)
10,014 JPYsq.m
(0.0417sq.m)
15,502 JPYsq.m
(0.0415sq.m)
Ishioka11,219 JPYsq.m
(0.0369sq.m)
21,905 JPYsq.m
(0.0420sq.m)
15,426 JPYsq.m
(0.0396sq.m)
Hatori4,759 JPYsq.m
(0.0670sq.m)
8,196 JPYsq.m
(0.0563sq.m)
11,628 JPYsq.m
(0.0501sq.m)
Iwama16,471 JPYsq.m
(0.0170sq.m)
16,392 JPYsq.m
(0.0610sq.m)
8,626 JPYsq.m
(0.0712sq.m)
Tomobe14,049 JPYsq.m
(0.0511sq.m)
16,786 JPYsq.m
(0.0455sq.m)
16,599 JPYsq.m
(0.0502sq.m)
Uchihara27,170 JPYsq.m
(0.0333sq.m)
17,741 JPYsq.m
(0.0379sq.m)
14,222 JPYsq.m
(0.0320sq.m)
Akatsuka27,782 JPYsq.m
(0.0410sq.m)
27,206 JPYsq.m
(0.0552sq.m)
25,648 JPYsq.m
(0.0331sq.m)
Kairakuenn---
Mito24,503 JPYsq.m
(0.0421sq.m)
35,335 JPYsq.m
(0.0363sq.m)
30,154 JPYsq.m
(0.0401sq.m)
Katsuta32,733 JPYsq.m
(0.0475sq.m)
33,523 JPYsq.m
(0.0390sq.m)
35,239 JPYsq.m
(0.0389sq.m)
Sawa27,251 JPYsq.m
(0.0397sq.m)
29,792 JPYsq.m
(0.0373sq.m)
27,973 JPYsq.m
(0.0306sq.m)
Toukai28,681 JPYsq.m
(0.0409sq.m)
28,926 JPYsq.m
(0.0506sq.m)
35,779 JPYsq.m
(0.0636sq.m)
Oomika20,694 JPYsq.m
(0.0231sq.m)
22,903 JPYsq.m
(0.0449sq.m)
26,922 JPYsq.m
(0.0256sq.m)
Hitachitaga36,755 JPYsq.m
(0.0219sq.m)
33,646 JPYsq.m
(0.0358sq.m)
39,356 JPYsq.m
(0.0347sq.m)
Hitachi30,907 JPYsq.m
(0.0439sq.m)
42,777 JPYsq.m
(0.0268sq.m)
39,303 JPYsq.m
(0.0428sq.m)
Ogitsu13,657 JPYsq.m
(0.0198sq.m)
29,905 JPYsq.m
(0.0228sq.m)
24,566 JPYsq.m
(0.0410sq.m)
Juuou18,870 JPYsq.m
(0.0418sq.m)
15,996 JPYsq.m
(0.0358sq.m)
13,700 JPYsq.m
(0.0330sq.m)
Takahagi12,690 JPYsq.m
(0.0626sq.m)
13,841 JPYsq.m
(0.0395sq.m)
15,401 JPYsq.m
(0.0316sq.m)
Minaminakagou7,388 JPYsq.m
(0.0308sq.m)
-6,742 JPYsq.m
(0.0574sq.m)
Isohara17,074 JPYsq.m
(0.0442sq.m)
15,963 JPYsq.m
(0.0417sq.m)
17,216 JPYsq.m
(0.0504sq.m)
Ootsukou8,250 JPYsq.m
(0.0470sq.m)
9,890 JPYsq.m
(0.0215sq.m)
15,852 JPYsq.m
(0.0445sq.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

Uchihara27,170 JPY/sq.m (+53% compared with the previous year)

The average price of Uchihara Land was 27,170 JPY/sq.m. The market value represents an increase of 9,429 JPY (+53.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 14 (-82.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 333.3 sq.m (a -12.0% decrease compared to the 378.9 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 49.4 min in 2015 and 30.0 min in 2016; -39.3%)

Juuou18,870 JPY/sq.m (+18% compared with the previous year)

The average price of Juuou Land was 18,870 JPY/sq.m. The market value represents an increase of 2,875 JPY (+18.0%) compared to 1 year ago and a transition to a bull market. 7 properties exchanged hands ( The market value represents an increase of 3 (+75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 417.9 sq.m (a +16.9% increase compared to the 357.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 25.0 min in 2015 and 19.1 min in 2016; -23.4%)

Ogitsu13,657 JPY/sq.m (-54% compared with the previous year)

The average price of Ogitsu Land was 13,657 JPY/sq.m. The market value represents a decrease of 16,248 JPY (-54.3%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 4 (-57.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 198.3 sq.m (a -12.8% decrease compared to the 227.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.0 min in 2015 and 27.0 min in 2016; +107.7%)

Takahama4,994 JPY/sq.m (-50% compared with the previous year)

The average price of Takahama Land was 4,994 JPY/sq.m. The market value represents a decrease of 5,019 JPY (-50.1%) compared to 1 year ago and a transition to a dramatic market. 33 properties exchanged hands ( The market value represents an increase of 9 (+37.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 696.9 sq.m (a +67.1% increase compared to the 417.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 72.1 min in 2015 and 104.5 min in 2016; +45.0%)

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)