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 22,549 JPY/sq.m. The market value represents a decrease of 4,364 JPY (-16.2%) compared to 1 year ago and a transition to a weak market. 145 properties exchanged hands ( The market value represents a decrease of 99 (-40.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 577.9 sq.m (a +16.1% increase compared to the 497.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

11 stations have experienced increased prices; 12 stations have experienced decreased prices. Market value of most stations decreased. Uchihara, Akatsuka, Sawa, Hitachitaga, Hitachi, Ootsukou 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 +168.6% compared to last year; a sq.m unit now costs 54,256 JPY/sq.m.

The top 2 stations has seen prices increase +144.5% (+29,045 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -61.9% (-9,304 JPY/sq.m).

Causes of price decreases

  • An increase in average distance from the station (representing 36.3 min in 2016 and 41.6 min in 2017; +14.4%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.9% of total transactions in 2016 and 1.4% of total transactions in 2017)

Land stations market overview

The average price of Hitachitaga Land, the highest market value along this railway was 55,694 JPY/sq.m. The market value represents an increase of 26,054 JPY (+87.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) 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 2,726 JPY/sq.m. The market value represents a decrease of 6,397 JPY (-70.1%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 2 (-25.0%) 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.)
Toride-29,526 JPYsq.m
(0.0301sq.m)
36,572 JPYsq.m
(0.0315sq.m)
Fujishiro-13,512 JPYsq.m
(0.0517sq.m)
11,712 JPYsq.m
(0.0520sq.m)
Sanuki16,000 JPYsq.m
(0.0644sq.m)
32,240 JPYsq.m
(0.0300sq.m)
26,046 JPYsq.m
(0.0712sq.m)
Ushiku21,627 JPYsq.m
(0.0497sq.m)
31,444 JPYsq.m
(0.0469sq.m)
22,260 JPYsq.m
(0.0447sq.m)
Hitachinoushiku37,584 JPYsq.m
(0.0634sq.m)
58,612 JPYsq.m
(0.0247sq.m)
27,513 JPYsq.m
(0.0486sq.m)
Arakawaoki30,498 JPYsq.m
(0.0441sq.m)
36,603 JPYsq.m
(0.0405sq.m)
23,607 JPYsq.m
(0.0554sq.m)
Tsuchiura10,513 JPYsq.m
(0.0992sq.m)
22,723 JPYsq.m
(0.0687sq.m)
23,007 JPYsq.m
(0.0713sq.m)
Kanndatsu16,003 JPYsq.m
(0.0603sq.m)
18,931 JPYsq.m
(0.0518sq.m)
25,519 JPYsq.m
(0.0774sq.m)
Takahama5,284 JPYsq.m
(0.0763sq.m)
5,547 JPYsq.m
(0.0573sq.m)
4,452 JPYsq.m
(0.0753sq.m)
Ishioka10,641 JPYsq.m
(0.0478sq.m)
22,386 JPYsq.m
(0.0367sq.m)
15,326 JPYsq.m
(0.0531sq.m)
Hatori2,726 JPYsq.m
(0.0767sq.m)
9,123 JPYsq.m
(0.0558sq.m)
6,415 JPYsq.m
(0.0950sq.m)
Iwama-10,000 JPYsq.m
(0.0200sq.m)
6,523 JPYsq.m
(0.0773sq.m)
Tomobe26,901 JPYsq.m
(0.0560sq.m)
26,233 JPYsq.m
(0.0408sq.m)
25,754 JPYsq.m
(0.0359sq.m)
Uchihara14,252 JPYsq.m
(0.0468sq.m)
8,609 JPYsq.m
(0.01,138sq.m)
7,696 JPYsq.m
(0.0441sq.m)
Akatsuka29,713 JPYsq.m
(0.0452sq.m)
21,477 JPYsq.m
(0.0567sq.m)
25,886 JPYsq.m
(0.0646sq.m)
Kairakuenn-37,634 JPYsq.m
(0.0930sq.m)
10,000 JPYsq.m
(0.0500sq.m)
Mito30,095 JPYsq.m
(0.0385sq.m)
34,906 JPYsq.m
(0.0411sq.m)
24,548 JPYsq.m
(0.0569sq.m)
Katsuta25,178 JPYsq.m
(0.0212sq.m)
37,914 JPYsq.m
(0.0646sq.m)
31,893 JPYsq.m
(0.0635sq.m)
Sawa12,098 JPYsq.m
(0.01,073sq.m)
7,142 JPYsq.m
(0.0210sq.m)
29,495 JPYsq.m
(0.0691sq.m)
Toukai36,840 JPYsq.m
(0.0805sq.m)
36,021 JPYsq.m
(0.0320sq.m)
20,829 JPYsq.m
(0.0772sq.m)
Oomika54,256 JPYsq.m
(0.0215sq.m)
20,202 JPYsq.m
(0.0249sq.m)
23,540 JPYsq.m
(0.0304sq.m)
Hitachitaga55,694 JPYsq.m
(0.0345sq.m)
29,640 JPYsq.m
(0.0584sq.m)
37,145 JPYsq.m
(0.0282sq.m)
Hitachi41,926 JPYsq.m
(0.0333sq.m)
34,236 JPYsq.m
(0.0209sq.m)
27,978 JPYsq.m
(0.0410sq.m)
Ogitsu44,000 JPYsq.m
(0.0250sq.m)
19,964 JPYsq.m
(0.0782sq.m)
18,805 JPYsq.m
(0.0317sq.m)
Juuou8,571 JPYsq.m
(0.0140sq.m)
-21,037 JPYsq.m
(0.0293sq.m)
Takahagi6,126 JPYsq.m
(0.0315sq.m)
9,422 JPYsq.m
(0.0990sq.m)
15,050 JPYsq.m
(0.0350sq.m)
Minaminakagou8,972 JPYsq.m
(0.01,110sq.m)
--
Isohara17,045 JPYsq.m
(0.0440sq.m)
17,033 JPYsq.m
(0.0463sq.m)
22,092 JPYsq.m
(0.0505sq.m)
Ootsukou12,500 JPYsq.m
(0.0160sq.m)
9,498 JPYsq.m
(0.0456sq.m)
9,714 JPYsq.m
(0.0211sq.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

Oomika54,256 JPY/sq.m (+169% compared with the previous year)

The average price of Oomika Land was 54,256 JPY/sq.m. The market value represents an increase of 34,054 JPY (+168.6%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 9 (-69.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 215.0 sq.m (a -13.7% decrease compared to the 249.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 25.8 min in 2016 and 16.5 min in 2017; -36.0%)

Ogitsu44,000 JPY/sq.m (+120% compared with the previous year)

The average price of Ogitsu Land was 44,000 JPY/sq.m. The market value represents an increase of 24,036 JPY (+120.4%) 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 size of the real estate was 250.0 sq.m (a -68.1% decrease compared to the 782.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 25.2 min in 2016 and 4.0 min in 2017; -84.2%)

Hatori2,726 JPY/sq.m (-70% compared with the previous year)

The average price of Hatori Land was 2,726 JPY/sq.m. The market value represents a decrease of 6,397 JPY (-70.1%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 2 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 766.7 sq.m (a +37.5% increase compared to the 557.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 47.5 min in 2016 and 75.0 min in 2017; +57.9%)

Tsuchiura10,513 JPY/sq.m (-54% compared with the previous year)

The average price of Tsuchiura Land was 10,513 JPY/sq.m. The market value represents a decrease of 12,210 JPY (-53.7%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents a decrease of 8 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 992.5 sq.m (a +44.5% increase compared to the 686.8 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 57.2 min in 2016 and 49.2 min in 2017; -14.1%)

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)