JR Joban Line railway market report

JR Joban Line Land market overview

The average price of JR Joban Line (Toride to Ootsukou) Land, in Oct, 2016 to Dec, 2016 was 23,203 JPY/sq.m. The market value represents a decrease of 1,911 JPY (-7.6%) compared to 1 year ago and a transition to a bear market. 510 properties exchanged hands ( The market value represents an increase of 70 (+15.9%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 464.9 sq.m (a +7.0% increase compared to the 434.5 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.

10 stations have experienced increased prices; 18 stations have experienced decreased prices. Market value of most stations decreased. Toride, Tsuchiura, Hitachi, Ogitsu 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 +101.1% compared to last year; a sq.m unit now costs 10,592 JPY/sq.m.

The top 2 stations has seen prices increase +76.0% (+7,442 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -79.1% (-9,794 JPY/sq.m).

Causes of price decreases

  • An increase in average distance from the station (representing 33.7 min in 2015 and 39.9 min in 2016; +18.4%)
  • A some decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.5% of total transactions in 2015 and 2.4% of total transactions in 2016)

Land stations market overview

The average price of Hitachinoushiku Land, the highest market value along this railway was 47,164 JPY/sq.m. The market value represents a decrease of 19,244 JPY (-29.0%) compared to 1 year ago and a transition to a dramatic market. 19 properties exchanged hands ( The market value represents an increase of 8 (+72.7%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Juuou Land, the lowest market value along this railway was 2,432 JPY/sq.m. The market value represents a decrease of 11,713 JPY (-82.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 14 (-93.3%) 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.)
Toride44,134 JPYsq.m
(0.0153sq.m)
30,135 JPYsq.m
(0.0402sq.m)
43,561 JPYsq.m
(0.0304sq.m)
Fujishiro13,188 JPYsq.m
(0.0519sq.m)
31,645 JPYsq.m
(0.0579sq.m)
30,663 JPYsq.m
(0.0576sq.m)
Sanuki18,630 JPYsq.m
(0.0473sq.m)
27,356 JPYsq.m
(0.0283sq.m)
23,964 JPYsq.m
(0.0237sq.m)
Ushiku24,925 JPYsq.m
(0.0360sq.m)
26,331 JPYsq.m
(0.0410sq.m)
25,948 JPYsq.m
(0.0450sq.m)
Hitachinoushiku47,164 JPYsq.m
(0.0236sq.m)
66,409 JPYsq.m
(0.0283sq.m)
27,327 JPYsq.m
(0.0308sq.m)
Arakawaoki20,250 JPYsq.m
(0.0377sq.m)
18,556 JPYsq.m
(0.0390sq.m)
20,096 JPYsq.m
(0.0414sq.m)
Tsuchiura28,310 JPYsq.m
(0.0556sq.m)
18,750 JPYsq.m
(0.0524sq.m)
14,873 JPYsq.m
(0.0354sq.m)
Kanndatsu16,699 JPYsq.m
(0.0634sq.m)
24,951 JPYsq.m
(0.0403sq.m)
25,265 JPYsq.m
(0.0417sq.m)
Takahama2,564 JPYsq.m
(0.0584sq.m)
10,439 JPYsq.m
(0.0775sq.m)
3,618 JPYsq.m
(0.0469sq.m)
Ishioka10,567 JPYsq.m
(0.0409sq.m)
16,500 JPYsq.m
(0.0425sq.m)
15,489 JPYsq.m
(0.0512sq.m)
Hatori5,670 JPYsq.m
(0.0560sq.m)
8,235 JPYsq.m
(0.0511sq.m)
7,996 JPYsq.m
(0.0362sq.m)
Iwama7,769 JPYsq.m
(0.0305sq.m)
7,978 JPYsq.m
(0.0292sq.m)
9,182 JPYsq.m
(0.0920sq.m)
Tomobe13,080 JPYsq.m
(0.0525sq.m)
15,513 JPYsq.m
(0.0596sq.m)
13,296 JPYsq.m
(0.0445sq.m)
Uchihara10,592 JPYsq.m
(0.0768sq.m)
5,268 JPYsq.m
(0.0708sq.m)
18,152 JPYsq.m
(0.0295sq.m)
Akatsuka28,298 JPYsq.m
(0.0440sq.m)
27,438 JPYsq.m
(0.0454sq.m)
29,586 JPYsq.m
(0.0414sq.m)
Kairakuenn---
Mito31,804 JPYsq.m
(0.0419sq.m)
32,225 JPYsq.m
(0.0360sq.m)
34,432 JPYsq.m
(0.0404sq.m)
Katsuta32,667 JPYsq.m
(0.0375sq.m)
41,298 JPYsq.m
(0.0401sq.m)
38,623 JPYsq.m
(0.0366sq.m)
Sawa15,181 JPYsq.m
(0.0630sq.m)
24,273 JPYsq.m
(0.0561sq.m)
32,987 JPYsq.m
(0.0456sq.m)
Toukai24,757 JPYsq.m
(0.0554sq.m)
32,135 JPYsq.m
(0.0309sq.m)
40,690 JPYsq.m
(0.0356sq.m)
Oomika32,679 JPYsq.m
(0.0338sq.m)
27,852 JPYsq.m
(0.0452sq.m)
35,276 JPYsq.m
(0.0279sq.m)
Hitachitaga37,127 JPYsq.m
(0.0316sq.m)
37,047 JPYsq.m
(0.0270sq.m)
27,882 JPYsq.m
(0.0290sq.m)
Hitachi36,587 JPYsq.m
(0.0310sq.m)
29,596 JPYsq.m
(0.0621sq.m)
38,979 JPYsq.m
(0.0394sq.m)
Ogitsu42,531 JPYsq.m
(0.0235sq.m)
30,210 JPYsq.m
(0.0403sq.m)
35,120 JPYsq.m
(0.0232sq.m)
Juuou2,432 JPYsq.m
(0.0740sq.m)
14,145 JPYsq.m
(0.0273sq.m)
9,565 JPYsq.m
(0.0538sq.m)
Takahagi14,522 JPYsq.m
(0.0492sq.m)
18,560 JPYsq.m
(0.0416sq.m)
16,210 JPYsq.m
(0.0223sq.m)
Minaminakagou5,556 JPYsq.m
(0.0265sq.m)
11,781 JPYsq.m
(0.0377sq.m)
17,825 JPYsq.m
(0.0335sq.m)
Isohara15,906 JPYsq.m
(0.0532sq.m)
14,656 JPYsq.m
(0.0596sq.m)
19,315 JPYsq.m
(0.0567sq.m)
Ootsukou7,748 JPYsq.m
(0.0762sq.m)
10,415 JPYsq.m
(0.0386sq.m)
11,273 JPYsq.m
(0.0530sq.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

Uchihara10,592 JPY/sq.m (+101% compared with the previous year)

The average price of Uchihara Land was 10,592 JPY/sq.m. The market value represents an increase of 5,324 JPY (+101.1%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents an increase of 7 (+175.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 767.5 sq.m (a +8.5% increase compared to the 707.5 sq.m of last year.).

Tsuchiura28,310 JPY/sq.m (+51% compared with the previous year)

The average price of Tsuchiura Land was 28,310 JPY/sq.m. The market value represents an increase of 9,560 JPY (+51.0%) compared to 1 year ago and a transition to a dramatic market. 51 properties exchanged hands ( The market value represents an increase of 16 (+45.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 555.9 sq.m (a +6.2% increase compared to the 523.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 50.9 min in 2015 and 36.0 min in 2016; -29.4%)

Juuou2,432 JPY/sq.m (-83% compared with the previous year)

The average price of Juuou Land was 2,432 JPY/sq.m. The market value represents a decrease of 11,713 JPY (-82.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 14 (-93.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 740.0 sq.m (a +171.1% increase compared to the 273.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 16.9 min in 2015 and 30.0 min in 2016; +77.2%)

Takahama2,564 JPY/sq.m (-75% compared with the previous year)

The average price of Takahama Land was 2,564 JPY/sq.m. The market value represents a decrease of 7,875 JPY (-75.4%) compared to 1 year ago and a transition to a dramatic market. 33 properties exchanged hands ( The market value represents an increase of 26 (+371.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 583.8 sq.m (a -24.7% decrease compared to the 775.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 90.0 min in 2015 and 107.0 min in 2016; +18.9%)

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)