JR Joban Line railway market report

JR Joban Line Land market overview

The average price of JR Joban Line (Toride to Ootsukou) Land, in Jul, 2016 to Sep, 2016 was 24,202 JPY/sq.m. The market value represents a decrease of 402 JPY (-1.6%) compared to 1 year ago and a transition to a slight market. 479 properties exchanged hands ( The market value represents an increase of 32 (+7.2%) compared to 1 year ago and a transition to a strong market.).

The average size of the real estate was 490.2 sq.m (a +19.3% increase compared to the 410.9 sq.m of last year.).

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

14 stations have experienced increased prices; 14 stations have experienced decreased prices. The overall trend was the same as last year. Ushiku, Ishioka, Tomobe, Uchihara, Akatsuka, Katsuta, Ogitsu, Takahagi, Isohara station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Tomobe station, where prices have increased +43.5% compared to last year; a sq.m unit now costs 33,129 JPY/sq.m.

The top 2 stations has seen prices increase +43.2% (+7,808 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -51.0% (-13,393 JPY/sq.m).

Causes of price decreases

  • An increase in average distance from the station (representing 35.3 min in 2015 and 39.8 min in 2016; +12.7%)
  • A dramatic decrease 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 0.8% of total transactions in 2016)

Land stations market overview

The average price of Hitachinoushiku Land, the highest market value along this railway was 40,903 JPY/sq.m. The market value represents a decrease of 12,938 JPY (-24.0%) compared to 1 year ago and a transition to a dramatic market. 13 properties exchanged hands ( The market value represents a decrease of 2 (-13.3%) compared to 1 year ago and a transition to a weak market.).

The average price of Takahama Land, the lowest market value along this railway was 4,103 JPY/sq.m. The market value represents a decrease of 2,924 JPY (-41.6%) compared to 1 year ago and a transition to a dramatic market. 23 properties exchanged hands ( The market value represents an increase of 16 (+228.6%) 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.)
Toride14,142 JPYsq.m
(0.01,130sq.m)
33,633 JPYsq.m
(0.01,028sq.m)
46,704 JPYsq.m
(0.0518sq.m)
Fujishiro27,219 JPYsq.m
(0.0265sq.m)
23,264 JPYsq.m
(0.0292sq.m)
18,109 JPYsq.m
(0.0244sq.m)
Sanuki23,410 JPYsq.m
(0.0303sq.m)
22,160 JPYsq.m
(0.0298sq.m)
25,282 JPYsq.m
(0.0340sq.m)
Ushiku30,818 JPYsq.m
(0.0458sq.m)
25,430 JPYsq.m
(0.0244sq.m)
23,474 JPYsq.m
(0.0293sq.m)
Hitachinoushiku40,903 JPYsq.m
(0.0312sq.m)
53,841 JPYsq.m
(0.0331sq.m)
38,427 JPYsq.m
(0.0387sq.m)
Arakawaoki21,723 JPYsq.m
(0.0475sq.m)
20,908 JPYsq.m
(0.0309sq.m)
21,714 JPYsq.m
(0.0491sq.m)
Tsuchiura15,635 JPYsq.m
(0.0495sq.m)
22,064 JPYsq.m
(0.0462sq.m)
19,482 JPYsq.m
(0.0273sq.m)
Kanndatsu16,822 JPYsq.m
(0.0822sq.m)
25,758 JPYsq.m
(0.0526sq.m)
24,305 JPYsq.m
(0.0617sq.m)
Takahama4,103 JPYsq.m
(0.0815sq.m)
7,027 JPYsq.m
(0.0399sq.m)
12,592 JPYsq.m
(0.0318sq.m)
Ishioka16,884 JPYsq.m
(0.0396sq.m)
13,444 JPYsq.m
(0.0439sq.m)
13,742 JPYsq.m
(0.0484sq.m)
Hatori7,585 JPYsq.m
(0.0514sq.m)
12,070 JPYsq.m
(0.0323sq.m)
9,906 JPYsq.m
(0.0255sq.m)
Iwama5,947 JPYsq.m
(0.0840sq.m)
9,966 JPYsq.m
(0.0661sq.m)
8,877 JPYsq.m
(0.0419sq.m)
Tomobe33,129 JPYsq.m
(0.0469sq.m)
23,080 JPYsq.m
(0.0461sq.m)
14,530 JPYsq.m
(0.0346sq.m)
Uchihara6,184 JPYsq.m
(0.0409sq.m)
4,875 JPYsq.m
(0.0968sq.m)
16,716 JPYsq.m
(0.0454sq.m)
Akatsuka29,920 JPYsq.m
(0.0365sq.m)
22,220 JPYsq.m
(0.0571sq.m)
20,507 JPYsq.m
(0.0415sq.m)
Kairakuenn---
Mito32,533 JPYsq.m
(0.0511sq.m)
31,982 JPYsq.m
(0.0428sq.m)
32,491 JPYsq.m
(0.0475sq.m)
Katsuta39,370 JPYsq.m
(0.0510sq.m)
30,347 JPYsq.m
(0.0416sq.m)
30,016 JPYsq.m
(0.0533sq.m)
Sawa27,091 JPYsq.m
(0.0463sq.m)
28,760 JPYsq.m
(0.0480sq.m)
27,290 JPYsq.m
(0.0526sq.m)
Toukai27,188 JPYsq.m
(0.0416sq.m)
30,081 JPYsq.m
(0.0402sq.m)
35,312 JPYsq.m
(0.0473sq.m)
Oomika26,947 JPYsq.m
(0.0248sq.m)
27,807 JPYsq.m
(0.0244sq.m)
17,757 JPYsq.m
(0.0363sq.m)
Hitachitaga35,634 JPYsq.m
(0.0441sq.m)
35,518 JPYsq.m
(0.0291sq.m)
43,874 JPYsq.m
(0.0289sq.m)
Hitachi29,448 JPYsq.m
(0.0413sq.m)
36,682 JPYsq.m
(0.0232sq.m)
35,270 JPYsq.m
(0.0398sq.m)
Ogitsu31,144 JPYsq.m
(0.0314sq.m)
24,053 JPYsq.m
(0.0366sq.m)
25,488 JPYsq.m
(0.0403sq.m)
Juuou18,111 JPYsq.m
(0.0285sq.m)
18,801 JPYsq.m
(0.0440sq.m)
27,984 JPYsq.m
(0.0274sq.m)
Takahagi18,557 JPYsq.m
(0.0380sq.m)
12,990 JPYsq.m
(0.0247sq.m)
24,656 JPYsq.m
(0.0410sq.m)
Minaminakagou9,288 JPYsq.m
(0.0510sq.m)
16,584 JPYsq.m
(0.0270sq.m)
-
Isohara18,126 JPYsq.m
(0.0317sq.m)
14,822 JPYsq.m
(0.0382sq.m)
18,432 JPYsq.m
(0.0772sq.m)
Ootsukou9,889 JPYsq.m
(0.0597sq.m)
12,659 JPYsq.m
(0.0401sq.m)
4,860 JPYsq.m
(0.0676sq.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

Tomobe33,129 JPY/sq.m (+44% compared with the previous year)

The average price of Tomobe Land was 33,129 JPY/sq.m. The market value represents an increase of 10,050 JPY (+43.5%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 2 (-18.2%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 468.6 sq.m (a +1.6% increase compared to the 461.4 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 23.6 min in 2015 and 20.6 min in 2016; -13.0%)

Takahagi18,557 JPY/sq.m (+43% compared with the previous year)

The average price of Takahagi Land was 18,557 JPY/sq.m. The market value represents an increase of 5,566 JPY (+42.8%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents an increase of 9 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 380.0 sq.m (a +54.1% increase compared to the 246.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 20.7 min in 2015 and 26.7 min in 2016; +29.0%)

Toride14,142 JPY/sq.m (-58% compared with the previous year)

The average price of Toride Land was 14,142 JPY/sq.m. The market value represents a decrease of 19,491 JPY (-58.0%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 6 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1130.0 sq.m (a +10.0% increase compared to the 1027.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.0 min in 2015 and 27.1 min in 2016; +42.8%)

Minaminakagou9,288 JPY/sq.m (-44% compared with the previous year)

The average price of Minaminakagou Land was 9,288 JPY/sq.m. The market value represents a decrease of 7,295 JPY (-44.0%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 510.0 sq.m (a +88.9% increase compared to the 270.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2015 and 21.5 min in 2016; -28.3%)

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)