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 23,540 JPY/sq.m. The market value represents a decrease of 335 JPY (-1.4%) compared to 1 year ago and a transition to a slight market. 1332 properties exchanged hands ( The market value represents an increase of 339 (+34.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 579.2 sq.m (a +7.9% increase compared to the 537.0 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, Takahagi 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 +153.4% (+16,951 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -58.5% (-9,958 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 0.2% of total transactions in 2015 and 0.6% of total transactions in 2016)

Causes of price decreases

  • An increase in average distance from the station (representing 36.8 min in 2015 and 41.0 min in 2016; +11.6%)

Land stations market overview

The average price of Hitachinoushiku Land, the highest market value along this railway was 47,855 JPY/sq.m. The market value represents a decrease of 2,259 JPY (-4.5%) compared to 1 year ago and a transition to a some market. 42 properties exchanged hands ( The market value represents an increase of 15 (+55.6%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Takahama Land, the lowest market value along this railway was 4,292 JPY/sq.m. The market value represents a decrease of 2,687 JPY (-38.5%) compared to 1 year ago and a transition to a dramatic market. 80 properties exchanged hands ( The market value represents an increase of 50 (+166.7%) 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.)
Toride21,543 JPYsq.m
(0.0788sq.m)
30,978 JPYsq.m
(0.0347sq.m)
38,339 JPYsq.m
(0.0315sq.m)
Fujishiro18,464 JPYsq.m
(0.0482sq.m)
24,912 JPYsq.m
(0.0444sq.m)
30,113 JPYsq.m
(0.0540sq.m)
Sanuki22,458 JPYsq.m
(0.0486sq.m)
21,816 JPYsq.m
(0.0568sq.m)
22,156 JPYsq.m
(0.0662sq.m)
Ushiku28,254 JPYsq.m
(0.0411sq.m)
26,016 JPYsq.m
(0.0417sq.m)
20,203 JPYsq.m
(0.0451sq.m)
Hitachinoushiku47,855 JPYsq.m
(0.0360sq.m)
50,113 JPYsq.m
(0.0515sq.m)
33,089 JPYsq.m
(0.0477sq.m)
Arakawaoki26,910 JPYsq.m
(0.0574sq.m)
20,642 JPYsq.m
(0.0406sq.m)
22,306 JPYsq.m
(0.0481sq.m)
Tsuchiura24,105 JPYsq.m
(0.0670sq.m)
22,697 JPYsq.m
(0.0646sq.m)
20,556 JPYsq.m
(0.0444sq.m)
Kanndatsu19,693 JPYsq.m
(0.0758sq.m)
24,027 JPYsq.m
(0.0882sq.m)
22,146 JPYsq.m
(0.0909sq.m)
Takahama4,292 JPYsq.m
(0.0919sq.m)
6,979 JPYsq.m
(0.0608sq.m)
5,146 JPYsq.m
(0.01,145sq.m)
Ishioka13,166 JPYsq.m
(0.0538sq.m)
16,363 JPYsq.m
(0.0558sq.m)
17,537 JPYsq.m
(0.0685sq.m)
Hatori6,034 JPYsq.m
(0.0650sq.m)
8,550 JPYsq.m
(0.0711sq.m)
10,358 JPYsq.m
(0.0561sq.m)
Iwama8,360 JPYsq.m
(0.0823sq.m)
8,909 JPYsq.m
(0.0756sq.m)
7,082 JPYsq.m
(0.0997sq.m)
Tomobe15,770 JPYsq.m
(0.0632sq.m)
21,660 JPYsq.m
(0.0642sq.m)
13,689 JPYsq.m
(0.0565sq.m)
Uchihara12,607 JPYsq.m
(0.0865sq.m)
11,357 JPYsq.m
(0.0693sq.m)
8,441 JPYsq.m
(0.0522sq.m)
Akatsuka25,756 JPYsq.m
(0.0515sq.m)
25,627 JPYsq.m
(0.0655sq.m)
25,689 JPYsq.m
(0.0479sq.m)
Kairakuenn37,634 JPYsq.m
(0.0930sq.m)
10,000 JPYsq.m
(0.0500sq.m)
-
Mito28,434 JPYsq.m
(0.0532sq.m)
30,715 JPYsq.m
(0.0480sq.m)
33,188 JPYsq.m
(0.0562sq.m)
Katsuta35,667 JPYsq.m
(0.0543sq.m)
41,451 JPYsq.m
(0.0569sq.m)
33,532 JPYsq.m
(0.0408sq.m)
Sawa21,425 JPYsq.m
(0.0508sq.m)
30,820 JPYsq.m
(0.0732sq.m)
22,976 JPYsq.m
(0.0574sq.m)
Toukai28,446 JPYsq.m
(0.0586sq.m)
31,362 JPYsq.m
(0.0515sq.m)
30,039 JPYsq.m
(0.0470sq.m)
Oomika22,981 JPYsq.m
(0.0263sq.m)
21,869 JPYsq.m
(0.0342sq.m)
23,830 JPYsq.m
(0.0227sq.m)
Hitachitaga36,866 JPYsq.m
(0.0494sq.m)
34,170 JPYsq.m
(0.0322sq.m)
35,681 JPYsq.m
(0.0301sq.m)
Hitachi32,165 JPYsq.m
(0.0325sq.m)
29,696 JPYsq.m
(0.0427sq.m)
36,987 JPYsq.m
(0.0495sq.m)
Ogitsu27,772 JPYsq.m
(0.0420sq.m)
24,239 JPYsq.m
(0.0421sq.m)
33,549 JPYsq.m
(0.0333sq.m)
Juuou18,519 JPYsq.m
(0.0357sq.m)
17,971 JPYsq.m
(0.0278sq.m)
18,304 JPYsq.m
(0.0540sq.m)
Takahagi16,677 JPYsq.m
(0.0719sq.m)
12,841 JPYsq.m
(0.0404sq.m)
16,619 JPYsq.m
(0.0400sq.m)
Minaminakagou4,710 JPYsq.m
(0.01,158sq.m)
21,940 JPYsq.m
(0.0290sq.m)
8,023 JPYsq.m
(0.0955sq.m)
Isohara17,154 JPYsq.m
(0.0534sq.m)
17,661 JPYsq.m
(0.0466sq.m)
13,950 JPYsq.m
(0.0572sq.m)
Ootsukou9,005 JPYsq.m
(0.0563sq.m)
10,380 JPYsq.m
(0.0258sq.m)
10,665 JPYsq.m
(0.0435sq.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%)

Arakawaoki26,910 JPY/sq.m (+30% compared with the previous year)

The average price of Arakawaoki Land was 26,910 JPY/sq.m. The market value represents an increase of 6,268 JPY (+30.4%) compared to 1 year ago and a transition to a dramatic market. 86 properties exchanged hands ( The market value represents an increase of 22 (+34.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 574.0 sq.m (a +41.2% increase compared to the 406.4 sq.m of last year.).

Minaminakagou4,710 JPY/sq.m (-79% compared with the previous year)

The average price of Minaminakagou Land was 4,710 JPY/sq.m. The market value represents a decrease of 17,230 JPY (-78.5%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents an increase of 10 (+500.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1157.5 sq.m (a +299.1% increase compared to the 290.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 29.0 min in 2015 and 25.4 min in 2016; -12.4%)

Takahama4,292 JPY/sq.m (-39% compared with the previous year)

The average price of Takahama Land was 4,292 JPY/sq.m. The market value represents a decrease of 2,687 JPY (-38.5%) compared to 1 year ago and a transition to a dramatic market. 80 properties exchanged hands ( The market value represents an increase of 50 (+166.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 918.7 sq.m (a +51.2% increase compared to the 607.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 79.7 min in 2015 and 107.5 min in 2016; +35.0%)

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)