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 21,782 JPY/sq.m. The market value represents a decrease of 2,554 JPY (-10.5%) compared to 1 year ago and a transition to a weak market. 257 properties exchanged hands ( The market value represents a decrease of 22 (-7.9%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 632.3 sq.m (a +22.0% increase compared to the 518.2 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.

10 stations have experienced increased prices; 16 stations have experienced decreased prices. Market value of most stations decreased. Sanuki, Arakawaoki, Akatsuka, Katsuta, Hitachitaga, Ogitsu, Takahagi, Isohara station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Isohara station, where prices have increased +92.9% compared to last year; a sq.m unit now costs 32,294 JPY/sq.m.

The top 2 stations has seen prices increase +70.4% (+13,141 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -91.7% (-24,950 JPY/sq.m).

Cause of price increases

  • A some increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.4% of total transactions in 2015 and 1.6% of total transactions in 2016)

Causes of price decreases

  • An increase in average distance from the station (representing 35.9 min in 2015 and 41.9 min in 2016; +16.6%)

Land stations market overview

The average price of Hitachitaga Land, the highest market value along this railway was 43,665 JPY/sq.m. The market value represents an increase of 9,803 JPY (+29.0%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 1 (+16.7%) compared to 1 year ago and a transition to a bull market.).

The average price of Iwama Land, the lowest market value along this railway was 384 JPY/sq.m. The market value represents a decrease of 10,681 JPY (-96.5%) 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.).

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.)
Toride5,943 JPYsq.m
(0.01,394sq.m)
45,161 JPYsq.m
(0.0155sq.m)
42,455 JPYsq.m
(0.0745sq.m)
Fujishiro5,000 JPYsq.m
(0.0340sq.m)
24,016 JPYsq.m
(0.0248sq.m)
18,109 JPYsq.m
(0.0464sq.m)
Sanuki21,898 JPYsq.m
(0.0338sq.m)
15,039 JPYsq.m
(0.0657sq.m)
24,583 JPYsq.m
(0.0622sq.m)
Ushiku28,560 JPYsq.m
(0.0422sq.m)
25,884 JPYsq.m
(0.0274sq.m)
21,472 JPYsq.m
(0.0399sq.m)
Hitachinoushiku35,718 JPYsq.m
(0.0349sq.m)
48,557 JPYsq.m
(0.0500sq.m)
31,346 JPYsq.m
(0.0485sq.m)
Arakawaoki24,289 JPYsq.m
(0.0561sq.m)
17,785 JPYsq.m
(0.0312sq.m)
17,948 JPYsq.m
(0.0652sq.m)
Tsuchiura12,652 JPYsq.m
(0.0540sq.m)
23,614 JPYsq.m
(0.0720sq.m)
17,882 JPYsq.m
(0.0459sq.m)
Kanndatsu13,674 JPYsq.m
(0.01,239sq.m)
25,390 JPYsq.m
(0.0876sq.m)
24,778 JPYsq.m
(0.01,098sq.m)
Takahama6,012 JPYsq.m
(0.0964sq.m)
7,027 JPYsq.m
(0.0399sq.m)
-
Ishioka13,726 JPYsq.m
(0.0450sq.m)
12,917 JPYsq.m
(0.0733sq.m)
14,920 JPYsq.m
(0.0655sq.m)
Hatori5,665 JPYsq.m
(0.0575sq.m)
12,624 JPYsq.m
(0.0484sq.m)
8,979 JPYsq.m
(0.0774sq.m)
Iwama384 JPYsq.m
(0.01,300sq.m)
11,065 JPYsq.m
(0.0789sq.m)
7,912 JPYsq.m
(0.01,056sq.m)
Tomobe15,060 JPYsq.m
(0.0912sq.m)
22,418 JPYsq.m
(0.0387sq.m)
13,799 JPYsq.m
(0.0583sq.m)
Uchihara8,671 JPYsq.m
(0.0669sq.m)
-9,856 JPYsq.m
(0.0629sq.m)
Akatsuka30,930 JPYsq.m
(0.0510sq.m)
23,566 JPYsq.m
(0.0652sq.m)
16,579 JPYsq.m
(0.0502sq.m)
Kairakuenn---
Mito24,782 JPYsq.m
(0.0649sq.m)
31,181 JPYsq.m
(0.0510sq.m)
34,421 JPYsq.m
(0.0499sq.m)
Katsuta39,971 JPYsq.m
(0.0652sq.m)
31,394 JPYsq.m
(0.0687sq.m)
30,378 JPYsq.m
(0.0365sq.m)
Sawa27,607 JPYsq.m
(0.0432sq.m)
36,258 JPYsq.m
(0.0706sq.m)
26,093 JPYsq.m
(0.0565sq.m)
Toukai27,237 JPYsq.m
(0.0537sq.m)
32,000 JPYsq.m
(0.0480sq.m)
58,333 JPYsq.m
(0.0240sq.m)
Oomika27,820 JPYsq.m
(0.0248sq.m)
28,500 JPYsq.m
(0.0212sq.m)
10,731 JPYsq.m
(0.0410sq.m)
Hitachitaga43,665 JPYsq.m
(0.0781sq.m)
33,862 JPYsq.m
(0.0303sq.m)
36,604 JPYsq.m
(0.0323sq.m)
Hitachi29,048 JPYsq.m
(0.0309sq.m)
31,222 JPYsq.m
(0.0265sq.m)
36,203 JPYsq.m
(0.0424sq.m)
Ogitsu33,090 JPYsq.m
(0.0358sq.m)
22,359 JPYsq.m
(0.0378sq.m)
27,976 JPYsq.m
(0.0220sq.m)
Juuou18,110 JPYsq.m
(0.0285sq.m)
25,831 JPYsq.m
(0.0215sq.m)
27,983 JPYsq.m
(0.0658sq.m)
Takahagi15,730 JPYsq.m
(0.0814sq.m)
12,990 JPYsq.m
(0.0247sq.m)
29,025 JPYsq.m
(0.0193sq.m)
Minaminakagou-20,666 JPYsq.m
(0.0300sq.m)
-
Isohara32,294 JPYsq.m
(0.0252sq.m)
16,742 JPYsq.m
(0.0369sq.m)
11,360 JPYsq.m
(0.0892sq.m)
Ootsukou9,289 JPYsq.m
(0.0546sq.m)
9,368 JPYsq.m
(0.095.0sq.m)
5,022 JPYsq.m
(0.0368sq.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

Isohara32,294 JPY/sq.m (+93% compared with the previous year)

The average price of Isohara Land was 32,294 JPY/sq.m. The market value represents an increase of 15,552 JPY (+92.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 13 (-86.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 252.5 sq.m (a -31.5% decrease compared to the 368.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 19.7 min in 2015 and 3.5 min in 2016; -82.2%)

Ogitsu33,090 JPY/sq.m (+48% compared with the previous year)

The average price of Ogitsu Land was 33,090 JPY/sq.m. The market value represents an increase of 10,731 JPY (+48.0%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 358.0 sq.m (a -5.3% decrease compared to the 378.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 18.0 min in 2015 and 11.6 min in 2016; -35.6%)

Iwama384 JPY/sq.m (-97% compared with the previous year)

The average price of Iwama Land was 384 JPY/sq.m. The market value represents a decrease of 10,681 JPY (-96.5%) 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 1300.0 sq.m (a +64.7% increase compared to the 789.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 38.3 min in 2015 and 60.0 min in 2016; +56.7%)

Toride5,943 JPY/sq.m (-87% compared with the previous year)

The average price of Toride Land was 5,943 JPY/sq.m. The market value represents a decrease of 39,218 JPY (-86.8%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 6 (+600.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1394.3 sq.m (a +799.5% increase compared to the 155.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.0 min in 2015 and 26.7 min in 2016; +233.9%)

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)