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, 2017 to Mar, 2017 was 23,315 JPY/sq.m. The market value represents a decrease of 5,148 JPY (-18.1%) compared to 1 year ago and a transition to a weak market. 450 properties exchanged hands ( The market value represents a decrease of 9 (-2.0%) compared to 1 year ago and a transition to a slight market.).

The average size of the real estate was 474.3 sq.m (a +14.6% increase compared to the 413.8 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.

11 stations have experienced increased prices; 17 stations have experienced decreased prices. Market value of most stations decreased. Toride, Takahama, Oomika, Ogitsu, Isohara, Ootsukou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Ogitsu station, where prices have increased +94.4% compared to last year; a sq.m unit now costs 39,885 JPY/sq.m.

The top 2 stations has seen prices increase +89.3% (+11,605 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -67.6% (-17,647 JPY/sq.m).

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.3% of total transactions in 2016 and 1.6% of total transactions in 2017)

Land stations market overview

The average price of Toride Land, the highest market value along this railway was 49,700 JPY/sq.m. The market value represents an increase of 19,608 JPY (+65.2%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 2 (+40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Hatori Land, the lowest market value along this railway was 2,535 JPY/sq.m. The market value represents a decrease of 8,627 JPY (-77.3%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents a decrease of 7 (-36.8%) compared to 1 year ago and a transition to a dramatic market.).

JR Joban Line (Stations Land market overview)
JR Joban LineThis year(2017)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Toride49,700 JPYsq.m
(0.0274sq.m)
30,092 JPYsq.m
(0.0309sq.m)
32,821 JPYsq.m
(0.0218sq.m)
Fujishiro15,306 JPYsq.m
(0.0980sq.m)
30,612 JPYsq.m
(0.0426sq.m)
35,430 JPYsq.m
(0.0392sq.m)
Sanuki28,143 JPYsq.m
(0.0223sq.m)
31,364 JPYsq.m
(0.0275sq.m)
21,819 JPYsq.m
(0.0506sq.m)
Ushiku22,921 JPYsq.m
(0.0358sq.m)
27,205 JPYsq.m
(0.0481sq.m)
26,891 JPYsq.m
(0.0378sq.m)
Hitachinoushiku39,808 JPYsq.m
(0.0434sq.m)
64,538 JPYsq.m
(0.0300sq.m)
49,744 JPYsq.m
(0.0248sq.m)
Arakawaoki25,689 JPYsq.m
(0.0491sq.m)
36,526 JPYsq.m
(0.0230sq.m)
23,744 JPYsq.m
(0.0441sq.m)
Tsuchiura17,214 JPYsq.m
(0.0608sq.m)
21,631 JPYsq.m
(0.0449sq.m)
23,436 JPYsq.m
(0.0427sq.m)
Kanndatsu14,292 JPYsq.m
(0.0618sq.m)
20,965 JPYsq.m
(0.0444sq.m)
22,732 JPYsq.m
(0.0462sq.m)
Takahama8,403 JPYsq.m
(0.0550sq.m)
4,562 JPYsq.m
(0.0516sq.m)
4,080 JPYsq.m
(0.0531sq.m)
Ishioka14,205 JPYsq.m
(0.0548sq.m)
22,567 JPYsq.m
(0.0310sq.m)
17,678 JPYsq.m
(0.0328sq.m)
Hatori2,535 JPYsq.m
(0.0775sq.m)
11,162 JPYsq.m
(0.0629sq.m)
6,803 JPYsq.m
(0.0674sq.m)
Iwama6,667 JPYsq.m
(0.01,500sq.m)
11,922 JPYsq.m
(0.0405sq.m)
5,732 JPYsq.m
(0.0545sq.m)
Tomobe22,881 JPYsq.m
(0.0416sq.m)
21,065 JPYsq.m
(0.0439sq.m)
23,656 JPYsq.m
(0.0360sq.m)
Uchihara11,379 JPYsq.m
(0.0436sq.m)
11,186 JPYsq.m
(0.0776sq.m)
9,206 JPYsq.m
(0.0415sq.m)
Akatsuka26,763 JPYsq.m
(0.0305sq.m)
26,567 JPYsq.m
(0.0468sq.m)
30,131 JPYsq.m
(0.0408sq.m)
Kairakuenn-37,634 JPYsq.m
(0.0930sq.m)
10,000 JPYsq.m
(0.0500sq.m)
Mito24,359 JPYsq.m
(0.0607sq.m)
31,872 JPYsq.m
(0.0421sq.m)
24,533 JPYsq.m
(0.0445sq.m)
Katsuta34,861 JPYsq.m
(0.0274sq.m)
37,183 JPYsq.m
(0.0359sq.m)
30,101 JPYsq.m
(0.0425sq.m)
Sawa19,370 JPYsq.m
(0.0512sq.m)
46,038 JPYsq.m
(0.0244sq.m)
31,745 JPYsq.m
(0.0436sq.m)
Toukai35,377 JPYsq.m
(0.0400sq.m)
37,793 JPYsq.m
(0.0504sq.m)
32,423 JPYsq.m
(0.0523sq.m)
Oomika40,313 JPYsq.m
(0.0384sq.m)
25,027 JPYsq.m
(0.0289sq.m)
25,689 JPYsq.m
(0.0349sq.m)
Hitachitaga33,872 JPYsq.m
(0.0448sq.m)
29,641 JPYsq.m
(0.0584sq.m)
34,653 JPYsq.m
(0.0320sq.m)
Hitachi40,100 JPYsq.m
(0.0322sq.m)
38,225 JPYsq.m
(0.0205sq.m)
39,118 JPYsq.m
(0.0244sq.m)
Ogitsu39,885 JPYsq.m
(0.0203sq.m)
20,516 JPYsq.m
(0.0340sq.m)
24,325 JPYsq.m
(0.0339sq.m)
Juuou21,534 JPYsq.m
(0.0358sq.m)
34,483 JPYsq.m
(0.0290sq.m)
16,132 JPYsq.m
(0.0363sq.m)
Takahagi10,235 JPYsq.m
(0.0360sq.m)
12,631 JPYsq.m
(0.0800sq.m)
15,051 JPYsq.m
(0.0350sq.m)
Minaminakagou8,648 JPYsq.m
(0.0560sq.m)
16,480 JPYsq.m
(0.0220sq.m)
10,634 JPYsq.m
(0.0290sq.m)
Isohara26,860 JPYsq.m
(0.0370sq.m)
16,354 JPYsq.m
(0.0436sq.m)
21,317 JPYsq.m
(0.0366sq.m)
Ootsukou15,763 JPYsq.m
(0.0514sq.m)
9,266 JPYsq.m
(0.0401sq.m)
9,666 JPYsq.m
(0.0259sq.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

Ogitsu39,885 JPY/sq.m (+94% compared with the previous year)

The average price of Ogitsu Land was 39,885 JPY/sq.m. The market value represents an increase of 19,369 JPY (+94.4%) 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 203.0 sq.m (a -40.3% decrease compared to the 340.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 24.8 min in 2016 and 14.6 min in 2017; -41.1%)

Takahama8,403 JPY/sq.m (+84% compared with the previous year)

The average price of Takahama Land was 8,403 JPY/sq.m. The market value represents an increase of 3,841 JPY (+84.2%) compared to 1 year ago and a transition to a dramatic market. 33 properties exchanged hands ( The market value represents an increase of 21 (+175.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 549.5 sq.m (a +6.6% increase compared to the 515.6 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 105.0 min in 2016 and 90.9 min in 2017; -13.4%)

Hatori2,535 JPY/sq.m (-77% compared with the previous year)

The average price of Hatori Land was 2,535 JPY/sq.m. The market value represents a decrease of 8,627 JPY (-77.3%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents a decrease of 7 (-36.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 774.5 sq.m (a +23.1% increase compared to the 629.4 sq.m of last year.).

Sawa19,370 JPY/sq.m (-58% compared with the previous year)

The average price of Sawa Land was 19,370 JPY/sq.m. The market value represents a decrease of 26,667 JPY (-57.9%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents a decrease of 15 (-55.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 511.7 sq.m (a +109.5% increase compared to the 244.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.4 min in 2016 and 29.8 min in 2017; +121.3%)

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)