JR Joban Line railway market report

JR Joban Line Land market overview

The average price of JR Joban Line (Toride to Ootsukou) Land, in Jan, 2016 to Dec, 2016 was 24,599 JPY/sq.m. The market value represents a decrease of 400 JPY (-1.6%) compared to 1 year ago and a transition to a slight market. 1935 properties exchanged hands ( The market value represents an increase of 54 (+2.9%) compared to 1 year ago and a transition to a slight market.).

The average size of the real estate was 454.4 sq.m (a +10.0% increase compared to the 413.0 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.

13 stations have experienced increased prices; 16 stations have experienced decreased prices. The overall trend was the same as last year. Arakawaoki station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kairakuenn station, where prices have increased +276.3% compared to last year; a sq.m unit now costs 37,634 JPY/sq.m.

The top 2 stations has seen prices increase +148.5% (+16,003 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -41.9% (-4,225 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 0.3% of total transactions in 2015 and 0.4% of total transactions in 2016)

Causes of price decreases

  • An increase in average distance from the station (representing 36.1 min in 2015 and 39.7 min in 2016; +10.2%)
  • A some decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.1% of total transactions in 2015 and 2.0% of total transactions in 2016)

Land stations market overview

The average price of Hitachinoushiku Land, the highest market value along this railway was 49,584 JPY/sq.m. The market value represents a decrease of 6,965 JPY (-12.3%) compared to 1 year ago and a transition to a weak market. 51 properties exchanged hands ( The market value represents an increase of 2 (+4.1%) compared to 1 year ago and a transition to a some market.).

The average price of Takahama Land, the lowest market value along this railway was 3,977 JPY/sq.m. The market value represents a decrease of 4,540 JPY (-53.3%) compared to 1 year ago and a transition to a dramatic market. 101 properties exchanged hands ( The market value represents an increase of 53 (+110.4%) 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.)
Toride26,094 JPYsq.m
(0.0593sq.m)
32,212 JPYsq.m
(0.0409sq.m)
42,371 JPYsq.m
(0.0287sq.m)
Fujishiro23,513 JPYsq.m
(0.0402sq.m)
28,915 JPYsq.m
(0.0426sq.m)
27,245 JPYsq.m
(0.0401sq.m)
Sanuki23,246 JPYsq.m
(0.0406sq.m)
23,874 JPYsq.m
(0.0361sq.m)
23,111 JPYsq.m
(0.0408sq.m)
Ushiku28,476 JPYsq.m
(0.0402sq.m)
28,110 JPYsq.m
(0.0345sq.m)
22,578 JPYsq.m
(0.0419sq.m)
Hitachinoushiku49,584 JPYsq.m
(0.0279sq.m)
56,549 JPYsq.m
(0.0306sq.m)
35,254 JPYsq.m
(0.0412sq.m)
Arakawaoki25,567 JPYsq.m
(0.0385sq.m)
21,195 JPYsq.m
(0.0380sq.m)
22,283 JPYsq.m
(0.0385sq.m)
Tsuchiura22,405 JPYsq.m
(0.0527sq.m)
22,130 JPYsq.m
(0.0450sq.m)
20,761 JPYsq.m
(0.0390sq.m)
Kanndatsu19,149 JPYsq.m
(0.0580sq.m)
24,634 JPYsq.m
(0.0465sq.m)
24,404 JPYsq.m
(0.0464sq.m)
Takahama3,977 JPYsq.m
(0.0673sq.m)
8,518 JPYsq.m
(0.0484sq.m)
9,423 JPYsq.m
(0.0353sq.m)
Ishioka15,036 JPYsq.m
(0.0375sq.m)
17,371 JPYsq.m
(0.0401sq.m)
15,924 JPYsq.m
(0.0451sq.m)
Hatori7,401 JPYsq.m
(0.0598sq.m)
8,553 JPYsq.m
(0.0544sq.m)
9,021 JPYsq.m
(0.0453sq.m)
Iwama9,573 JPYsq.m
(0.0475sq.m)
8,665 JPYsq.m
(0.0522sq.m)
8,901 JPYsq.m
(0.0556sq.m)
Tomobe18,113 JPYsq.m
(0.0492sq.m)
19,495 JPYsq.m
(0.0482sq.m)
15,329 JPYsq.m
(0.0425sq.m)
Uchihara11,717 JPYsq.m
(0.0675sq.m)
11,551 JPYsq.m
(0.0513sq.m)
13,936 JPYsq.m
(0.0334sq.m)
Akatsuka28,031 JPYsq.m
(0.0426sq.m)
26,704 JPYsq.m
(0.0492sq.m)
26,033 JPYsq.m
(0.0414sq.m)
Kairakuenn37,634 JPYsq.m
(0.0930sq.m)
10,000 JPYsq.m
(0.0500sq.m)
-
Mito29,833 JPYsq.m
(0.0444sq.m)
31,077 JPYsq.m
(0.0398sq.m)
39,169 JPYsq.m
(0.0438sq.m)
Katsuta35,309 JPYsq.m
(0.0422sq.m)
33,985 JPYsq.m
(0.0408sq.m)
34,920 JPYsq.m
(0.0416sq.m)
Sawa33,584 JPYsq.m
(0.0384sq.m)
28,566 JPYsq.m
(0.0462sq.m)
27,151 JPYsq.m
(0.0419sq.m)
Toukai29,177 JPYsq.m
(0.0455sq.m)
30,970 JPYsq.m
(0.0413sq.m)
35,128 JPYsq.m
(0.0440sq.m)
Oomika26,296 JPYsq.m
(0.0286sq.m)
25,570 JPYsq.m
(0.0379sq.m)
25,951 JPYsq.m
(0.0285sq.m)
Hitachitaga35,740 JPYsq.m
(0.0375sq.m)
35,173 JPYsq.m
(0.0312sq.m)
38,004 JPYsq.m
(0.0290sq.m)
Hitachi33,086 JPYsq.m
(0.0359sq.m)
36,534 JPYsq.m
(0.0349sq.m)
36,428 JPYsq.m
(0.0387sq.m)
Ogitsu29,415 JPYsq.m
(0.0285sq.m)
26,898 JPYsq.m
(0.0335sq.m)
29,362 JPYsq.m
(0.0348sq.m)
Juuou18,511 JPYsq.m
(0.0378sq.m)
16,036 JPYsq.m
(0.0347sq.m)
16,574 JPYsq.m
(0.0394sq.m)
Takahagi14,860 JPYsq.m
(0.0537sq.m)
15,262 JPYsq.m
(0.0377sq.m)
17,889 JPYsq.m
(0.0332sq.m)
Minaminakagou8,915 JPYsq.m
(0.0320sq.m)
12,825 JPYsq.m
(0.0321sq.m)
9,909 JPYsq.m
(0.0506sq.m)
Isohara16,817 JPYsq.m
(0.0433sq.m)
17,292 JPYsq.m
(0.0419sq.m)
17,693 JPYsq.m
(0.0546sq.m)
Ootsukou9,256 JPYsq.m
(0.0586sq.m)
10,260 JPYsq.m
(0.0307sq.m)
11,021 JPYsq.m
(0.0520sq.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

Kairakuenn37,634 JPY/sq.m (+276% compared with the previous year)

The average price of Kairakuenn Land was 37,634 JPY/sq.m. The market value represents an increase of 27,634 JPY (+276.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 930.0 sq.m (a +86.0% increase compared to the 500.0 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 60.0 min in 2016; +100.0%)

Arakawaoki25,567 JPY/sq.m (+21% compared with the previous year)

The average price of Arakawaoki Land was 25,567 JPY/sq.m. The market value represents an increase of 4,372 JPY (+20.6%) compared to 1 year ago and a transition to a dramatic market. 120 properties exchanged hands ( The market value represents an increase of 22 (+22.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 385.4 sq.m (a +1.3% increase compared to the 380.4 sq.m of last year.).

Causes of price decreases

  • An decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 1.0% of total transactions in 2015 and 0.8% of total transactions in 2016)

Takahama3,977 JPY/sq.m (-53% compared with the previous year)

The average price of Takahama Land was 3,977 JPY/sq.m. The market value represents a decrease of 4,540 JPY (-53.3%) compared to 1 year ago and a transition to a dramatic market. 101 properties exchanged hands ( The market value represents an increase of 53 (+110.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 672.8 sq.m (a +39.1% increase compared to the 483.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 77.7 min in 2015 and 105.1 min in 2016; +35.2%)

Minaminakagou8,915 JPY/sq.m (-30% compared with the previous year)

The average price of Minaminakagou Land was 8,915 JPY/sq.m. The market value represents a decrease of 3,910 JPY (-30.5%) compared to 1 year ago and a transition to a dramatic market. 19 properties exchanged hands ( The market value represents an increase of 10 (+111.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 320.0 sq.m (a -0.4% decrease compared to the 321.4 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 29.2 min in 2015 and 24.7 min in 2016; -15.3%)

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)