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 21,641 JPY/sq.m. The market value represents a decrease of 141 JPY (-0.6%) compared to 1 year ago and a transition to a slight market. 173 properties exchanged hands ( The market value represents a decrease of 84 (-32.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 553.2 sq.m (a -12.5% decrease compared to the 632.3 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.

11 stations have experienced increased prices; 13 stations have experienced decreased prices. Market value of most stations decreased. Kanndatsu, Akatsuka, Mito, Toukai station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Iwama station, where prices have increased +1226.1% compared to last year; a sq.m unit now costs 5,092 JPY/sq.m.

The top 2 stations has seen prices increase +859.1% (+14,654 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -66.4% (-10,280 JPY/sq.m).

Cause of price increases

  • An increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.6% of total transactions in 2016 and 1.7% of total transactions in 2017)

Causes of price decreases

  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 0.8% of total transactions in 2016 and 0.6% of total transactions in 2017)

Land stations market overview

The average price of Toukai Land, the highest market value along this railway was 49,166 JPY/sq.m. The market value represents an increase of 21,929 JPY (+80.5%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 6 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Takahagi Land, the lowest market value along this railway was 2,625 JPY/sq.m. The market value represents a decrease of 13,105 JPY (-83.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) 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.)
Toride35,061 JPYsq.m
(0.0179sq.m)
5,943 JPYsq.m
(0.01,394sq.m)
45,161 JPYsq.m
(0.0155sq.m)
Fujishiro29,600 JPYsq.m
(0.0673sq.m)
5,000 JPYsq.m
(0.0340sq.m)
24,016 JPYsq.m
(0.0248sq.m)
Sanuki19,148 JPYsq.m
(0.0641sq.m)
21,898 JPYsq.m
(0.0338sq.m)
15,039 JPYsq.m
(0.0657sq.m)
Ushiku29,759 JPYsq.m
(0.0374sq.m)
28,560 JPYsq.m
(0.0422sq.m)
25,884 JPYsq.m
(0.0274sq.m)
Hitachinoushiku23,322 JPYsq.m
(0.0297sq.m)
35,718 JPYsq.m
(0.0349sq.m)
48,557 JPYsq.m
(0.0500sq.m)
Arakawaoki21,450 JPYsq.m
(0.0414sq.m)
24,289 JPYsq.m
(0.0561sq.m)
17,785 JPYsq.m
(0.0312sq.m)
Tsuchiura8,616 JPYsq.m
(0.0695sq.m)
12,652 JPYsq.m
(0.0540sq.m)
23,614 JPYsq.m
(0.0720sq.m)
Kanndatsu17,684 JPYsq.m
(0.0964sq.m)
13,674 JPYsq.m
(0.01,239sq.m)
25,390 JPYsq.m
(0.0876sq.m)
Takahama6,505 JPYsq.m
(0.0640sq.m)
6,012 JPYsq.m
(0.0964sq.m)
7,027 JPYsq.m
(0.0399sq.m)
Ishioka11,608 JPYsq.m
(0.0230sq.m)
13,726 JPYsq.m
(0.0450sq.m)
12,917 JPYsq.m
(0.0733sq.m)
Hatori5,741 JPYsq.m
(0.0621sq.m)
5,665 JPYsq.m
(0.0575sq.m)
12,624 JPYsq.m
(0.0484sq.m)
Iwama5,092 JPYsq.m
(0.0416sq.m)
384 JPYsq.m
(0.01,300sq.m)
11,065 JPYsq.m
(0.0789sq.m)
Tomobe7,605 JPYsq.m
(0.0857sq.m)
15,060 JPYsq.m
(0.0912sq.m)
22,418 JPYsq.m
(0.0387sq.m)
Uchihara-8,671 JPYsq.m
(0.0669sq.m)
-
Akatsuka42,853 JPYsq.m
(0.0268sq.m)
30,930 JPYsq.m
(0.0510sq.m)
23,566 JPYsq.m
(0.0652sq.m)
Kairakuenn---
Mito32,447 JPYsq.m
(0.0827sq.m)
24,782 JPYsq.m
(0.0649sq.m)
31,181 JPYsq.m
(0.0510sq.m)
Katsuta30,428 JPYsq.m
(0.0865sq.m)
39,971 JPYsq.m
(0.0652sq.m)
31,394 JPYsq.m
(0.0687sq.m)
Sawa26,668 JPYsq.m
(0.01,000sq.m)
27,607 JPYsq.m
(0.0432sq.m)
36,258 JPYsq.m
(0.0706sq.m)
Toukai49,166 JPYsq.m
(0.0220sq.m)
27,237 JPYsq.m
(0.0537sq.m)
32,000 JPYsq.m
(0.0480sq.m)
Oomika20,976 JPYsq.m
(0.0212sq.m)
27,820 JPYsq.m
(0.0248sq.m)
28,500 JPYsq.m
(0.0212sq.m)
Hitachitaga24,002 JPYsq.m
(0.0206sq.m)
43,665 JPYsq.m
(0.0781sq.m)
33,862 JPYsq.m
(0.0303sq.m)
Hitachi30,881 JPYsq.m
(0.0252sq.m)
29,048 JPYsq.m
(0.0309sq.m)
31,222 JPYsq.m
(0.0265sq.m)
Ogitsu25,294 JPYsq.m
(0.0765sq.m)
33,090 JPYsq.m
(0.0358sq.m)
22,359 JPYsq.m
(0.0378sq.m)
Juuou-18,110 JPYsq.m
(0.0285sq.m)
25,831 JPYsq.m
(0.0215sq.m)
Takahagi2,625 JPYsq.m
(0.0800sq.m)
15,730 JPYsq.m
(0.0814sq.m)
12,990 JPYsq.m
(0.0247sq.m)
Minaminakagou--20,666 JPYsq.m
(0.0300sq.m)
Isohara-32,294 JPYsq.m
(0.0252sq.m)
16,742 JPYsq.m
(0.0369sq.m)
Ootsukou8,278 JPYsq.m
(0.095.0sq.m)
9,289 JPYsq.m
(0.0546sq.m)
9,368 JPYsq.m
(0.095.0sq.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

Iwama5,092 JPY/sq.m (+1226% compared with the previous year)

The average price of Iwama Land was 5,092 JPY/sq.m. The market value represents an increase of 4,708 JPY (+1226.1%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 416.2 sq.m (a -68.0% decrease compared to the 1300.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 60.0 min in 2016 and 23.5 min in 2017; -60.8%)

Fujishiro29,600 JPY/sq.m (+492% compared with the previous year)

The average price of Fujishiro Land was 29,600 JPY/sq.m. The market value represents an increase of 24,600 JPY (+492.0%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 673.0 sq.m (a +97.9% increase compared to the 340.0 sq.m of last year.).

Takahagi2,625 JPY/sq.m (-83% compared with the previous year)

The average price of Takahagi Land was 2,625 JPY/sq.m. The market value represents a decrease of 13,105 JPY (-83.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 800.0 sq.m (a -1.7% decrease compared to the 814.0 sq.m of last year.).

Tomobe7,605 JPY/sq.m (-50% compared with the previous year)

The average price of Tomobe Land was 7,605 JPY/sq.m. The market value represents a decrease of 7,455 JPY (-49.5%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 3 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 856.7 sq.m (a -6.0% decrease compared to the 911.7 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)