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 23,183 JPY/sq.m. The market value represents a decrease of 2,475 JPY (-9.6%) compared to 1 year ago and a transition to a bear market. 428 properties exchanged hands ( The market value represents an increase of 234 (+120.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 566.7 sq.m (a +1.7% increase compared to the 557.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a some increase in transactions involving very large size more than 200 sq.m.

11 stations have experienced increased prices; 13 stations have experienced decreased prices. Market value of most stations decreased. Tomobe, Uchihara, Hitachitaga, Takahagi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kanndatsu station, where prices have increased +5779.5% compared to last year; a sq.m unit now costs 22,460 JPY/sq.m.

The top 2 stations has seen prices increase +2981.6% (+19,667 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -52.6% (-14,203 JPY/sq.m).

Causes of price decreases

  • An increase in average distance from the station (representing 39.3 min in 2015 and 43.6 min in 2016; +11.0%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.1% of total transactions in 2015 and 1.6% 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 11,534 JPY (-18.6%) compared to 1 year ago and a transition to a weak market. 9 properties exchanged hands ( The market value represents an increase of 3 (+50.0%) 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 4,900 JPY/sq.m. The market value represents a decrease of 3,138 JPY (-39.0%) compared to 1 year ago and a transition to a dramatic market. 32 properties exchanged hands ( The market value represents an increase of 17 (+113.3%) 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)
13,400 JPYsq.m
(0.0465sq.m)
31,995 JPYsq.m
(0.0118sq.m)
Fujishiro26,647 JPYsq.m
(0.0346sq.m)
9,390 JPYsq.m
(0.0515sq.m)
-
Sanuki27,499 JPYsq.m
(0.0425sq.m)
25,217 JPYsq.m
(0.0464sq.m)
23,010 JPYsq.m
(0.0516sq.m)
Ushiku32,787 JPYsq.m
(0.0298sq.m)
31,372 JPYsq.m
(0.0521sq.m)
30,700 JPYsq.m
(0.0498sq.m)
Hitachinoushiku50,442 JPYsq.m
(0.0484sq.m)
61,976 JPYsq.m
(0.0622sq.m)
24,571 JPYsq.m
(0.0531sq.m)
Arakawaoki27,061 JPYsq.m
(0.0675sq.m)
27,309 JPYsq.m
(0.0386sq.m)
26,051 JPYsq.m
(0.0630sq.m)
Tsuchiura24,217 JPYsq.m
(0.0708sq.m)
28,538 JPYsq.m
(0.0563sq.m)
27,274 JPYsq.m
(0.0508sq.m)
Kanndatsu22,460 JPYsq.m
(0.0515sq.m)
382 JPYsq.m
(0.01,850sq.m)
-
Takahama4,900 JPYsq.m
(0.0958sq.m)
8,039 JPYsq.m
(0.0627sq.m)
10,564 JPYsq.m
(0.01,386sq.m)
Ishioka11,219 JPYsq.m
(0.0587sq.m)
21,923 JPYsq.m
(0.0367sq.m)
6,086 JPYsq.m
(0.0230sq.m)
Hatori4,998 JPYsq.m
(0.0816sq.m)
8,114 JPYsq.m
(0.0422sq.m)
17,958 JPYsq.m
(0.0590sq.m)
Iwama16,470 JPYsq.m
(0.01,085sq.m)
14,166 JPYsq.m
(0.01,133sq.m)
4,444 JPYsq.m
(0.0360sq.m)
Tomobe15,140 JPYsq.m
(0.0663sq.m)
12,505 JPYsq.m
(0.0834sq.m)
19,481 JPYsq.m
(0.0795sq.m)
Uchihara27,170 JPYsq.m
(0.0333sq.m)
16,278 JPYsq.m
(0.0753sq.m)
17,543 JPYsq.m
(0.0570sq.m)
Akatsuka26,398 JPYsq.m
(0.0513sq.m)
29,251 JPYsq.m
(0.0801sq.m)
27,712 JPYsq.m
(0.0249sq.m)
Kairakuenn---
Mito23,086 JPYsq.m
(0.0536sq.m)
36,229 JPYsq.m
(0.0451sq.m)
34,557 JPYsq.m
(0.0554sq.m)
Katsuta32,733 JPYsq.m
(0.0526sq.m)
45,940 JPYsq.m
(0.0375sq.m)
37,185 JPYsq.m
(0.0392sq.m)
Sawa27,939 JPYsq.m
(0.0418sq.m)
27,276 JPYsq.m
(0.0448sq.m)
26,232 JPYsq.m
(0.0402sq.m)
Toukai29,497 JPYsq.m
(0.0584sq.m)
-36,064 JPYsq.m
(0.01,060sq.m)
Oomika20,189 JPYsq.m
(0.0226sq.m)
20,959 JPYsq.m
(0.0523sq.m)
16,491 JPYsq.m
(0.0323sq.m)
Hitachitaga36,754 JPYsq.m
(0.0219sq.m)
26,543 JPYsq.m
(0.0422sq.m)
27,235 JPYsq.m
(0.0210sq.m)
Hitachi30,907 JPYsq.m
(0.0439sq.m)
45,956 JPYsq.m
(0.0458sq.m)
38,696 JPYsq.m
(0.0675sq.m)
Ogitsu13,656 JPYsq.m
(0.0198sq.m)
31,358 JPYsq.m
(0.0757sq.m)
-
Juuou18,870 JPYsq.m
(0.0418sq.m)
-10,764 JPYsq.m
(0.0327sq.m)
Takahagi18,405 JPYsq.m
(0.0707sq.m)
9,688 JPYsq.m
(0.0439sq.m)
10,416 JPYsq.m
(0.0440sq.m)
Minaminakagou4,288 JPYsq.m
(0.0893sq.m)
-270 JPYsq.m
(0.0740sq.m)
Isohara15,170 JPYsq.m
(0.0459sq.m)
17,791 JPYsq.m
(0.0429sq.m)
17,636 JPYsq.m
(0.0472sq.m)
Ootsukou8,625 JPYsq.m
(0.0205sq.m)
-13,522 JPYsq.m
(0.0560sq.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

Kanndatsu22,460 JPY/sq.m (+5779% compared with the previous year)

The average price of Kanndatsu Land was 22,460 JPY/sq.m. The market value represents an increase of 22,078 JPY (+5779.5%) compared to 1 year ago and a transition to a dramatic market. 24 properties exchanged hands ( The market value represents an increase of 22 (+1100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 515.2 sq.m (a -72.2% decrease compared to the 1850.0 sq.m of last year.).

Fujishiro26,647 JPY/sq.m (+184% compared with the previous year)

The average price of Fujishiro Land was 26,647 JPY/sq.m. The market value represents an increase of 17,257 JPY (+183.8%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 7 (+350.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 345.6 sq.m (a -32.9% decrease compared to the 515.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 19.0 min in 2015 and 15.0 min in 2016; -21.1%)

Ogitsu13,656 JPY/sq.m (-56% compared with the previous year)

The average price of Ogitsu Land was 13,656 JPY/sq.m. The market value represents a decrease of 17,702 JPY (-56.5%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 198.3 sq.m (a -73.8% decrease compared to the 756.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.7 min in 2015 and 27.0 min in 2016; +153.1%)

Ishioka11,219 JPY/sq.m (-49% compared with the previous year)

The average price of Ishioka Land was 11,219 JPY/sq.m. The market value represents a decrease of 10,704 JPY (-48.8%) compared to 1 year ago and a transition to a dramatic market. 15 properties exchanged hands ( The market value represents an increase of 7 (+87.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 586.7 sq.m (a +59.9% increase compared to the 366.9 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 35.6 min in 2015 and 46.4 min in 2016; +30.2%)

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)