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 22,950 JPY/sq.m. The market value represents a decrease of 2,790 JPY (-10.8%) compared to 1 year ago and a transition to a weak market. 403 properties exchanged hands ( The market value represents an increase of 218 (+117.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 607.8 sq.m (a +24.4% increase compared to the 488.6 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.

9 stations have experienced increased prices; 16 stations have experienced decreased prices. Market value of most stations decreased. Toride, Arakawaoki, Tsuchiura, Uchihara, Hitachi, Isohara station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Oomika station, where prices have increased +171.7% compared to last year; a sq.m unit now costs 32,043 JPY/sq.m.

The top 2 stations has seen prices increase +170.1% (+16,503 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -78.7% (-23,258 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 33.0 min in 2015 and 40.6 min in 2016; +23.1%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.2% of total transactions in 2015 and 2.5% of total transactions in 2016)

Land stations market overview

The average price of Toride Land, the highest market value along this railway was 60,000 JPY/sq.m. The market value represents an increase of 26,575 JPY (+79.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Minaminakagou Land, the lowest market value along this railway was 5,556 JPY/sq.m. The market value represents a decrease of 17,658 JPY (-76.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) 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.)
Toride60,000 JPYsq.m
(0.0100sq.m)
33,425 JPYsq.m
(0.0351sq.m)
37,513 JPYsq.m
(0.0314sq.m)
Fujishiro6,658 JPYsq.m
(0.0883sq.m)
35,516 JPYsq.m
(0.0504sq.m)
41,603 JPYsq.m
(0.0740sq.m)
Sanuki17,032 JPYsq.m
(0.0635sq.m)
22,375 JPYsq.m
(0.0303sq.m)
24,976 JPYsq.m
(0.0382sq.m)
Ushiku22,691 JPYsq.m
(0.0455sq.m)
27,383 JPYsq.m
(0.0356sq.m)
25,164 JPYsq.m
(0.0372sq.m)
Hitachinoushiku49,266 JPYsq.m
(0.0341sq.m)
73,716 JPYsq.m
(0.0420sq.m)
26,678 JPYsq.m
(0.0431sq.m)
Arakawaoki20,252 JPYsq.m
(0.0622sq.m)
16,347 JPYsq.m
(0.0423sq.m)
21,695 JPYsq.m
(0.0463sq.m)
Tsuchiura29,217 JPYsq.m
(0.0682sq.m)
17,208 JPYsq.m
(0.0575sq.m)
11,757 JPYsq.m
(0.0398sq.m)
Kanndatsu20,331 JPYsq.m
(0.0820sq.m)
7,575 JPYsq.m
(0.0990sq.m)
35,306 JPYsq.m
(0.0210sq.m)
Takahama2,584 JPYsq.m
(0.0928sq.m)
-908 JPYsq.m
(0.0847sq.m)
Ishioka10,176 JPYsq.m
(0.0616sq.m)
-17,999 JPYsq.m
(0.0503sq.m)
Hatori5,670 JPYsq.m
(0.0560sq.m)
7,636 JPYsq.m
(0.0310sq.m)
9,112 JPYsq.m
(0.0376sq.m)
Iwama7,769 JPYsq.m
(0.0729sq.m)
8,252 JPYsq.m
(0.0235sq.m)
2,344 JPYsq.m
(0.01,117sq.m)
Tomobe12,596 JPYsq.m
(0.0556sq.m)
19,566 JPYsq.m
(0.01,248sq.m)
11,106 JPYsq.m
(0.0436sq.m)
Uchihara11,120 JPYsq.m
(0.0947sq.m)
6,357 JPYsq.m
(0.0693sq.m)
7,419 JPYsq.m
(0.0318sq.m)
Akatsuka25,439 JPYsq.m
(0.0486sq.m)
26,147 JPYsq.m
(0.0585sq.m)
31,329 JPYsq.m
(0.0501sq.m)
Kairakuenn---
Mito34,415 JPYsq.m
(0.0542sq.m)
31,776 JPYsq.m
(0.0331sq.m)
37,017 JPYsq.m
(0.0650sq.m)
Katsuta37,549 JPYsq.m
(0.0281sq.m)
59,070 JPYsq.m
(0.0442sq.m)
35,691 JPYsq.m
(0.0521sq.m)
Sawa15,181 JPYsq.m
(0.0630sq.m)
28,284 JPYsq.m
(0.01,267sq.m)
17,606 JPYsq.m
(0.0798sq.m)
Toukai25,079 JPYsq.m
(0.0729sq.m)
39,701 JPYsq.m
(0.0307sq.m)
33,302 JPYsq.m
(0.0410sq.m)
Oomika32,043 JPYsq.m
(0.0361sq.m)
11,792 JPYsq.m
(0.0396sq.m)
31,823 JPYsq.m
(0.0193sq.m)
Hitachitaga36,119 JPYsq.m
(0.0495sq.m)
37,578 JPYsq.m
(0.0323sq.m)
32,211 JPYsq.m
(0.0340sq.m)
Hitachi36,670 JPYsq.m
(0.0247sq.m)
24,467 JPYsq.m
(0.0598sq.m)
49,722 JPYsq.m
(0.0708sq.m)
Ogitsu40,833 JPYsq.m
(0.0260sq.m)
52,000 JPYsq.m
(0.0250sq.m)
48,412 JPYsq.m
(0.0240sq.m)
Juuou-13,289 JPYsq.m
(0.0299sq.m)
3,076 JPYsq.m
(0.0650sq.m)
Takahagi18,000 JPYsq.m
(0.0586sq.m)
18,889 JPYsq.m
(0.0520sq.m)
16,210 JPYsq.m
(0.0223sq.m)
Minaminakagou5,556 JPYsq.m
(0.0843sq.m)
23,214 JPYsq.m
(0.0280sq.m)
23,529 JPYsq.m
(0.0340sq.m)
Isohara14,582 JPYsq.m
(0.0781sq.m)
11,010 JPYsq.m
(0.0590sq.m)
14,660 JPYsq.m
(0.0417sq.m)
Ootsukou8,135 JPYsq.m
(0.0828sq.m)
12,297 JPYsq.m
(0.0415sq.m)
11,276 JPYsq.m
(0.0350sq.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

Oomika32,043 JPY/sq.m (+172% compared with the previous year)

The average price of Oomika Land was 32,043 JPY/sq.m. The market value represents an increase of 20,251 JPY (+171.7%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 1 (+20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 360.8 sq.m (a -8.9% decrease compared to the 396.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 29.8 min in 2015 and 22.3 min in 2016; -25.1%)

Kanndatsu20,331 JPY/sq.m (+168% compared with the previous year)

The average price of Kanndatsu Land was 20,331 JPY/sq.m. The market value represents an increase of 12,756 JPY (+168.4%) compared to 1 year ago and a transition to a dramatic market. 20 properties exchanged hands ( The market value represents an increase of 19 (+1900.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 820.0 sq.m (a -17.2% decrease compared to the 990.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 30.0 min in 2015 and 37.0 min in 2016; +23.2%)

Fujishiro6,658 JPY/sq.m (-81% compared with the previous year)

The average price of Fujishiro Land was 6,658 JPY/sq.m. The market value represents a decrease of 28,858 JPY (-81.3%) 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 883.3 sq.m (a +75.2% increase compared to the 504.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 22.3 min in 2015 and 30.0 min in 2016; +34.6%)

Minaminakagou5,556 JPY/sq.m (-76% compared with the previous year)

The average price of Minaminakagou Land was 5,556 JPY/sq.m. The market value represents a decrease of 17,658 JPY (-76.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 843.3 sq.m (a +201.2% increase compared to the 280.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 28.0 min in 2015 and 20.0 min in 2016; -28.6%)

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)