JR Joban Line railway market report

JR Joban Line Land market overview

The average price of JR Joban Line (Toride to Ootsukou) Land, in Apr, 2017 to Jun, 2017 was 24,296 JPY/sq.m. The market value represents an increase of 1,543 JPY (+6.8%) compared to 1 year ago and a transition to a strong market. 429 properties exchanged hands ( The market value represents a decrease of 58 (-11.9%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 395.3 sq.m (a -11.7% decrease compared to the 447.4 sq.m of last year.).

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

16 stations have experienced increased prices; 11 stations have experienced decreased prices. The overall trend was the same as last year. Fujishiro, Takahama, Hatori, Mito, Sawa, Ogitsu, Juuou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Toride station, where prices have increased +176.9% compared to last year; a sq.m unit now costs 81,081 JPY/sq.m.

The top 2 stations has seen prices increase +133.9% (+28,169 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -63.6% (-14,495 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.4% of total transactions in 2016 and 1.9% of total transactions in 2017)

Land stations market overview

The average price of Toride Land, the highest market value along this railway was 81,081 JPY/sq.m. The market value represents an increase of 51,801 JPY (+176.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Iwama Land, the lowest market value along this railway was 2,022 JPY/sq.m. The market value represents a decrease of 14,449 JPY (-87.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

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.)
Toride81,081 JPYsq.m
(0.0185sq.m)
29,280 JPYsq.m
(0.0252sq.m)
34,691 JPYsq.m
(0.0457sq.m)
Fujishiro34,076 JPYsq.m
(0.0410sq.m)
22,972 JPYsq.m
(0.0359sq.m)
23,570 JPYsq.m
(0.0408sq.m)
Sanuki20,030 JPYsq.m
(0.0526sq.m)
26,117 JPYsq.m
(0.0481sq.m)
26,603 JPYsq.m
(0.0275sq.m)
Ushiku29,310 JPYsq.m
(0.0292sq.m)
32,788 JPYsq.m
(0.0298sq.m)
33,250 JPYsq.m
(0.0319sq.m)
Hitachinoushiku41,905 JPYsq.m
(0.0311sq.m)
50,442 JPYsq.m
(0.0295sq.m)
62,898 JPYsq.m
(0.0404sq.m)
Arakawaoki24,629 JPYsq.m
(0.0371sq.m)
26,149 JPYsq.m
(0.0422sq.m)
22,487 JPYsq.m
(0.0414sq.m)
Tsuchiura23,502 JPYsq.m
(0.0337sq.m)
21,274 JPYsq.m
(0.0564sq.m)
23,609 JPYsq.m
(0.0406sq.m)
Kanndatsu26,335 JPYsq.m
(0.0435sq.m)
22,837 JPYsq.m
(0.0440sq.m)
25,866 JPYsq.m
(0.0456sq.m)
Takahama9,530 JPYsq.m
(0.0421sq.m)
4,994 JPYsq.m
(0.0697sq.m)
10,014 JPYsq.m
(0.0417sq.m)
Ishioka12,928 JPYsq.m
(0.0384sq.m)
11,219 JPYsq.m
(0.0369sq.m)
21,905 JPYsq.m
(0.0420sq.m)
Hatori7,184 JPYsq.m
(0.0470sq.m)
4,759 JPYsq.m
(0.0670sq.m)
8,196 JPYsq.m
(0.0563sq.m)
Iwama2,022 JPYsq.m
(0.0400sq.m)
16,471 JPYsq.m
(0.0170sq.m)
16,392 JPYsq.m
(0.0610sq.m)
Tomobe15,532 JPYsq.m
(0.0502sq.m)
14,049 JPYsq.m
(0.0511sq.m)
16,786 JPYsq.m
(0.0455sq.m)
Uchihara29,046 JPYsq.m
(0.0423sq.m)
27,170 JPYsq.m
(0.0333sq.m)
17,741 JPYsq.m
(0.0379sq.m)
Akatsuka22,422 JPYsq.m
(0.0434sq.m)
27,782 JPYsq.m
(0.0410sq.m)
27,206 JPYsq.m
(0.0552sq.m)
Kairakuenn---
Mito32,878 JPYsq.m
(0.0380sq.m)
24,503 JPYsq.m
(0.0421sq.m)
35,335 JPYsq.m
(0.0363sq.m)
Katsuta36,752 JPYsq.m
(0.0445sq.m)
32,733 JPYsq.m
(0.0475sq.m)
33,523 JPYsq.m
(0.0390sq.m)
Sawa36,210 JPYsq.m
(0.0438sq.m)
27,251 JPYsq.m
(0.0397sq.m)
29,792 JPYsq.m
(0.0373sq.m)
Toukai24,658 JPYsq.m
(0.0272sq.m)
28,681 JPYsq.m
(0.0409sq.m)
28,926 JPYsq.m
(0.0506sq.m)
Oomika24,433 JPYsq.m
(0.0671sq.m)
20,694 JPYsq.m
(0.0231sq.m)
22,903 JPYsq.m
(0.0449sq.m)
Hitachitaga22,214 JPYsq.m
(0.0336sq.m)
36,755 JPYsq.m
(0.0219sq.m)
33,646 JPYsq.m
(0.0358sq.m)
Hitachi19,208 JPYsq.m
(0.0245sq.m)
30,907 JPYsq.m
(0.0439sq.m)
42,777 JPYsq.m
(0.0268sq.m)
Ogitsu23,103 JPYsq.m
(0.0276sq.m)
13,657 JPYsq.m
(0.0198sq.m)
29,905 JPYsq.m
(0.0228sq.m)
Juuou34,217 JPYsq.m
(0.0430sq.m)
18,870 JPYsq.m
(0.0418sq.m)
15,996 JPYsq.m
(0.0358sq.m)
Takahagi12,702 JPYsq.m
(0.0269sq.m)
12,690 JPYsq.m
(0.0626sq.m)
13,841 JPYsq.m
(0.0395sq.m)
Minaminakagou-7,388 JPYsq.m
(0.0308sq.m)
-
Isohara16,148 JPYsq.m
(0.0445sq.m)
17,074 JPYsq.m
(0.0442sq.m)
15,963 JPYsq.m
(0.0417sq.m)
Ootsukou8,163 JPYsq.m
(0.0396sq.m)
8,250 JPYsq.m
(0.0470sq.m)
9,890 JPYsq.m
(0.0215sq.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

Toride81,081 JPY/sq.m (+177% compared with the previous year)

The average price of Toride Land was 81,081 JPY/sq.m. The market value represents an increase of 51,801 JPY (+176.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 185.0 sq.m (a -26.5% decrease compared to the 251.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 21.3 min in 2016 and 15.0 min in 2017; -29.7%)

Takahama9,530 JPY/sq.m (+91% compared with the previous year)

The average price of Takahama Land was 9,530 JPY/sq.m. The market value represents an increase of 4,536 JPY (+90.8%) compared to 1 year ago and a transition to a dramatic market. 25 properties exchanged hands ( The market value represents a decrease of 8 (-24.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 420.7 sq.m (a -39.6% decrease compared to the 696.9 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 104.5 min in 2016 and 84.4 min in 2017; -19.2%)

Iwama2,022 JPY/sq.m (-88% compared with the previous year)

The average price of Iwama Land was 2,022 JPY/sq.m. The market value represents a decrease of 14,449 JPY (-87.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 400.0 sq.m (a +135.3% increase compared to the 170.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 39.5 min in 2016 and 20.5 min in 2017; -48.1%)

Hitachitaga22,214 JPY/sq.m (-40% compared with the previous year)

The average price of Hitachitaga Land was 22,214 JPY/sq.m. The market value represents a decrease of 14,541 JPY (-39.6%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents an increase of 3 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 335.8 sq.m (a +53.4% increase compared to the 218.9 sq.m of last year.).


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)