JR Joban Line railway market report

JR Joban Line Land market overview

The average price of JR Joban Line (Toride to Ootsukou) Land, in Jul, 2017 to Sep, 2017 was 24,530 JPY/sq.m. The market value represents an increase of 328 JPY (+1.4%) compared to 1 year ago and a transition to a slight market. 423 properties exchanged hands ( The market value represents a decrease of 56 (-11.7%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 414.4 sq.m (a -15.5% decrease compared to the 490.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

14 stations have experienced increased prices; 14 stations have experienced decreased prices. The overall trend was the same as last year. Kanndatsu, Takahama, Toukai, 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 +189.7% compared to last year; a sq.m unit now costs 40,969 JPY/sq.m.

The top 2 stations has seen prices increase +145.8% (+16,562 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -47.2% (-8,648 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 0.8% of total transactions in 2016 and 1.4% of total transactions in 2017)

Land stations market overview

The average price of Toride Land, the highest market value along this railway was 40,969 JPY/sq.m. The market value represents an increase of 26,827 JPY (+189.7%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands (It was the same as last year.).

The average price of Iwama Land, the lowest market value along this railway was 5,092 JPY/sq.m. The market value represents a decrease of 855 JPY (-14.4%) compared to 1 year ago and a transition to a weak market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) 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.)
Toride40,969 JPYsq.m
(0.0191sq.m)
14,142 JPYsq.m
(0.01,130sq.m)
33,633 JPYsq.m
(0.01,028sq.m)
Fujishiro29,601 JPYsq.m
(0.0673sq.m)
27,219 JPYsq.m
(0.0265sq.m)
23,264 JPYsq.m
(0.0292sq.m)
Sanuki20,196 JPYsq.m
(0.0260sq.m)
23,410 JPYsq.m
(0.0303sq.m)
22,160 JPYsq.m
(0.0298sq.m)
Ushiku35,034 JPYsq.m
(0.0332sq.m)
30,818 JPYsq.m
(0.0458sq.m)
25,430 JPYsq.m
(0.0244sq.m)
Hitachinoushiku25,194 JPYsq.m
(0.0396sq.m)
40,903 JPYsq.m
(0.0312sq.m)
53,841 JPYsq.m
(0.0331sq.m)
Arakawaoki23,896 JPYsq.m
(0.0425sq.m)
21,723 JPYsq.m
(0.0475sq.m)
20,908 JPYsq.m
(0.0309sq.m)
Tsuchiura12,469 JPYsq.m
(0.0384sq.m)
15,635 JPYsq.m
(0.0495sq.m)
22,064 JPYsq.m
(0.0462sq.m)
Kanndatsu24,871 JPYsq.m
(0.0445sq.m)
16,822 JPYsq.m
(0.0822sq.m)
25,758 JPYsq.m
(0.0526sq.m)
Takahama5,885 JPYsq.m
(0.0625sq.m)
4,103 JPYsq.m
(0.0815sq.m)
7,027 JPYsq.m
(0.0399sq.m)
Ishioka16,227 JPYsq.m
(0.0322sq.m)
16,884 JPYsq.m
(0.0396sq.m)
13,444 JPYsq.m
(0.0439sq.m)
Hatori6,753 JPYsq.m
(0.0523sq.m)
7,585 JPYsq.m
(0.0514sq.m)
12,070 JPYsq.m
(0.0323sq.m)
Iwama5,092 JPYsq.m
(0.0416sq.m)
5,947 JPYsq.m
(0.0840sq.m)
9,966 JPYsq.m
(0.0661sq.m)
Tomobe20,033 JPYsq.m
(0.0642sq.m)
33,129 JPYsq.m
(0.0469sq.m)
23,080 JPYsq.m
(0.0461sq.m)
Uchihara12,481 JPYsq.m
(0.0414sq.m)
6,184 JPYsq.m
(0.0409sq.m)
4,875 JPYsq.m
(0.0968sq.m)
Akatsuka31,181 JPYsq.m
(0.0389sq.m)
29,920 JPYsq.m
(0.0365sq.m)
22,220 JPYsq.m
(0.0571sq.m)
Kairakuenn---
Mito30,144 JPYsq.m
(0.0392sq.m)
32,533 JPYsq.m
(0.0511sq.m)
31,982 JPYsq.m
(0.0428sq.m)
Katsuta35,338 JPYsq.m
(0.0394sq.m)
39,370 JPYsq.m
(0.0510sq.m)
30,347 JPYsq.m
(0.0416sq.m)
Sawa28,898 JPYsq.m
(0.0554sq.m)
27,091 JPYsq.m
(0.0463sq.m)
28,760 JPYsq.m
(0.0480sq.m)
Toukai34,296 JPYsq.m
(0.0398sq.m)
27,188 JPYsq.m
(0.0416sq.m)
30,081 JPYsq.m
(0.0402sq.m)
Oomika30,560 JPYsq.m
(0.0212sq.m)
26,947 JPYsq.m
(0.0248sq.m)
27,807 JPYsq.m
(0.0244sq.m)
Hitachitaga31,448 JPYsq.m
(0.0327sq.m)
35,634 JPYsq.m
(0.0441sq.m)
35,518 JPYsq.m
(0.0291sq.m)
Hitachi31,148 JPYsq.m
(0.0446sq.m)
29,448 JPYsq.m
(0.0413sq.m)
36,682 JPYsq.m
(0.0232sq.m)
Ogitsu23,184 JPYsq.m
(0.0742sq.m)
31,144 JPYsq.m
(0.0314sq.m)
24,053 JPYsq.m
(0.0366sq.m)
Juuou26,357 JPYsq.m
(0.0470sq.m)
18,111 JPYsq.m
(0.0285sq.m)
18,801 JPYsq.m
(0.0440sq.m)
Takahagi10,056 JPYsq.m
(0.0467sq.m)
18,557 JPYsq.m
(0.0380sq.m)
12,990 JPYsq.m
(0.0247sq.m)
Minaminakagou9,143 JPYsq.m
(0.0105sq.m)
9,288 JPYsq.m
(0.0510sq.m)
16,584 JPYsq.m
(0.0270sq.m)
Isohara9,330 JPYsq.m
(0.0442sq.m)
18,126 JPYsq.m
(0.0317sq.m)
14,822 JPYsq.m
(0.0382sq.m)
Ootsukou11,705 JPYsq.m
(0.0230sq.m)
9,889 JPYsq.m
(0.0597sq.m)
12,659 JPYsq.m
(0.0401sq.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

Toride40,969 JPY/sq.m (+190% compared with the previous year)

The average price of Toride Land was 40,969 JPY/sq.m. The market value represents an increase of 26,827 JPY (+189.7%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 190.6 sq.m (a -83.1% decrease compared to the 1130.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 27.1 min in 2016 and 31.2 min in 2017; +15.2%)

Uchihara12,481 JPY/sq.m (+102% compared with the previous year)

The average price of Uchihara Land was 12,481 JPY/sq.m. The market value represents an increase of 6,297 JPY (+101.8%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 1 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 414.0 sq.m (a +1.2% increase compared to the 409.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 54.7 min in 2016 and 26.4 min in 2017; -51.7%)

Isohara9,330 JPY/sq.m (-49% compared with the previous year)

The average price of Isohara Land was 9,330 JPY/sq.m. The market value represents a decrease of 8,796 JPY (-48.5%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 2 (-28.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 442.5 sq.m (a +39.5% increase compared to the 317.1 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 22.1 min in 2016 and 37.8 min in 2017; +70.7%)

Takahagi10,056 JPY/sq.m (-46% compared with the previous year)

The average price of Takahagi Land was 10,056 JPY/sq.m. The market value represents a decrease of 8,501 JPY (-45.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 9 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 466.7 sq.m (a +22.8% increase compared to the 380.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 26.7 min in 2016 and 22.3 min in 2017; -16.3%)

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)