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 24,758 JPY/sq.m. The market value represents an increase of 1,575 JPY (+6.8%) compared to 1 year ago and a transition to a strong market. 29 properties exchanged hands ( The market value represents a decrease of 399 (-93.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 439.3 sq.m (a -22.5% decrease compared to the 566.7 sq.m of last year.).

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

10 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Arakawaoki, Mito, Oomika, Hitachitaga, Juuou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Takahama station, where prices have increased +211.6% compared to last year; a sq.m unit now costs 15,269 JPY/sq.m.

The top 2 stations has seen prices increase +167.8% (+22,034 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -75.4% (-18,719 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 43.6 min in 2016 and 33.9 min in 2017; -22.2%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 0.5% of total transactions in 2016 and 3.4% of total transactions in 2017)

Land stations market overview

The average price of Uchihara Land, the highest market value along this railway was 60,869 JPY/sq.m. The market value represents an increase of 33,699 JPY (+124.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Ootsukou Land, the lowest market value along this railway was 3,025 JPY/sq.m. The market value represents a decrease of 5,600 JPY (-64.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) 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-29,280 JPYsq.m
(0.0252sq.m)
13,400 JPYsq.m
(0.0465sq.m)
Fujishiro-26,647 JPYsq.m
(0.0346sq.m)
9,390 JPYsq.m
(0.0515sq.m)
Sanuki31,146 JPYsq.m
(0.0225sq.m)
27,499 JPYsq.m
(0.0425sq.m)
25,217 JPYsq.m
(0.0464sq.m)
Ushiku10,714 JPYsq.m
(0.0315sq.m)
32,787 JPYsq.m
(0.0298sq.m)
31,372 JPYsq.m
(0.0521sq.m)
Hitachinoushiku-50,442 JPYsq.m
(0.0484sq.m)
61,976 JPYsq.m
(0.0622sq.m)
Arakawaoki40,714 JPYsq.m
(0.0285sq.m)
27,061 JPYsq.m
(0.0675sq.m)
27,309 JPYsq.m
(0.0386sq.m)
Tsuchiura16,040 JPYsq.m
(0.0205sq.m)
24,217 JPYsq.m
(0.0708sq.m)
28,538 JPYsq.m
(0.0563sq.m)
Kanndatsu-22,460 JPYsq.m
(0.0515sq.m)
382 JPYsq.m
(0.01,850sq.m)
Takahama15,269 JPYsq.m
(0.0852sq.m)
4,900 JPYsq.m
(0.0958sq.m)
8,039 JPYsq.m
(0.0627sq.m)
Ishioka12,557 JPYsq.m
(0.0447sq.m)
11,219 JPYsq.m
(0.0587sq.m)
21,923 JPYsq.m
(0.0367sq.m)
Hatori-4,998 JPYsq.m
(0.0816sq.m)
8,114 JPYsq.m
(0.0422sq.m)
Iwama-16,470 JPYsq.m
(0.01,085sq.m)
14,166 JPYsq.m
(0.01,133sq.m)
Tomobe-15,140 JPYsq.m
(0.0663sq.m)
12,505 JPYsq.m
(0.0834sq.m)
Uchihara60,869 JPYsq.m
(0.0230sq.m)
27,170 JPYsq.m
(0.0333sq.m)
16,278 JPYsq.m
(0.0753sq.m)
Akatsuka-26,398 JPYsq.m
(0.0513sq.m)
29,251 JPYsq.m
(0.0801sq.m)
Kairakuenn---
Mito30,656 JPYsq.m
(0.0232sq.m)
23,086 JPYsq.m
(0.0536sq.m)
36,229 JPYsq.m
(0.0451sq.m)
Katsuta30,952 JPYsq.m
(0.0205sq.m)
32,733 JPYsq.m
(0.0526sq.m)
45,940 JPYsq.m
(0.0375sq.m)
Sawa-27,939 JPYsq.m
(0.0418sq.m)
27,276 JPYsq.m
(0.0448sq.m)
Toukai-29,497 JPYsq.m
(0.0584sq.m)
-
Oomika29,230 JPYsq.m
(0.01,300sq.m)
20,189 JPYsq.m
(0.0226sq.m)
20,959 JPYsq.m
(0.0523sq.m)
Hitachitaga54,545 JPYsq.m
(0.0220sq.m)
36,754 JPYsq.m
(0.0219sq.m)
26,543 JPYsq.m
(0.0422sq.m)
Hitachi-30,907 JPYsq.m
(0.0439sq.m)
45,956 JPYsq.m
(0.0458sq.m)
Ogitsu-13,656 JPYsq.m
(0.0198sq.m)
31,358 JPYsq.m
(0.0757sq.m)
Juuou35,483 JPYsq.m
(0.0310sq.m)
18,870 JPYsq.m
(0.0418sq.m)
-
Takahagi3,040 JPYsq.m
(0.0125sq.m)
18,405 JPYsq.m
(0.0707sq.m)
9,688 JPYsq.m
(0.0439sq.m)
Minaminakagou-4,288 JPYsq.m
(0.0893sq.m)
-
Isohara31,666 JPYsq.m
(0.0240sq.m)
15,170 JPYsq.m
(0.0459sq.m)
17,791 JPYsq.m
(0.0429sq.m)
Ootsukou3,025 JPYsq.m
(0.0195sq.m)
8,625 JPYsq.m
(0.0205sq.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

Takahama15,269 JPY/sq.m (+212% compared with the previous year)

The average price of Takahama Land was 15,269 JPY/sq.m. The market value represents an increase of 10,369 JPY (+211.6%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 28 (-87.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 852.5 sq.m (a -11.0% decrease compared to the 957.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 106.9 min in 2016 and 67.5 min in 2017; -36.8%)

Uchihara60,869 JPY/sq.m (+124% compared with the previous year)

The average price of Uchihara Land was 60,869 JPY/sq.m. The market value represents an increase of 33,699 JPY (+124.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 230.0 sq.m (a -31.0% decrease compared to the 333.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2016 and 6.0 min in 2017; -80.0%)

Takahagi3,040 JPY/sq.m (-83% compared with the previous year)

The average price of Takahagi Land was 3,040 JPY/sq.m. The market value represents a decrease of 15,365 JPY (-83.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 6 (-85.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 125.0 sq.m (a -82.3% decrease compared to the 707.1 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 28.4 min in 2016 and 4.0 min in 2017; -85.9%)

Ushiku10,714 JPY/sq.m (-67% compared with the previous year)

The average price of Ushiku Land was 10,714 JPY/sq.m. The market value represents a decrease of 22,074 JPY (-67.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 19 (-90.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 315.0 sq.m (a +5.8% increase compared to the 297.6 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 26.1 min in 2016 and 34.5 min in 2017; +32.0%)

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)