JR Joban Line railway market report

JR Joban Line Land market overview

The average price of JR Joban Line (Toride to Ootsukou) Land, in Oct, 2017 to Dec, 2017 was 27,138 JPY/sq.m. The market value represents an increase of 4,188 JPY (+18.3%) compared to 1 year ago and a transition to a bull market. 176 properties exchanged hands ( The market value represents a decrease of 227 (-56.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 584.0 sq.m (a -3.9% decrease compared to the 607.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

15 stations have experienced increased prices; 11 stations have experienced decreased prices. The overall trend was the same as last year. Sanuki, Arakawaoki, Tsuchiura, Tomobe, Uchihara, Mito, Toukai, Takahagi, Ootsukou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Fujishiro station, where prices have increased +220.4% compared to last year; a sq.m unit now costs 21,330 JPY/sq.m.

The top 2 stations has seen prices increase +176.0% (+17,329 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -89.4% (-15,569 JPY/sq.m).

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.5% of total transactions in 2016 and 1.7% of total transactions in 2017)

Land stations market overview

The average price of Mito Land, the highest market value along this railway was 45,015 JPY/sq.m. The market value represents an increase of 10,600 JPY (+30.8%) compared to 1 year ago and a transition to a dramatic market. 14 properties exchanged hands ( The market value represents a decrease of 25 (-64.1%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Takahama Land, the lowest market value along this railway was 684 JPY/sq.m. The market value represents a decrease of 1,900 JPY (-73.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 29 (-96.7%) 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.)
Toride23,267 JPYsq.m
(0.0188sq.m)
60,000 JPYsq.m
(0.0100sq.m)
33,425 JPYsq.m
(0.0351sq.m)
Fujishiro21,330 JPYsq.m
(0.0416sq.m)
6,658 JPYsq.m
(0.0883sq.m)
35,516 JPYsq.m
(0.0504sq.m)
Sanuki20,722 JPYsq.m
(0.0350sq.m)
17,032 JPYsq.m
(0.0635sq.m)
22,375 JPYsq.m
(0.0303sq.m)
Ushiku16,871 JPYsq.m
(0.0452sq.m)
22,691 JPYsq.m
(0.0455sq.m)
27,383 JPYsq.m
(0.0356sq.m)
Hitachinoushiku16,111 JPYsq.m
(0.01,132sq.m)
49,266 JPYsq.m
(0.0341sq.m)
73,716 JPYsq.m
(0.0420sq.m)
Arakawaoki25,690 JPYsq.m
(0.0613sq.m)
20,252 JPYsq.m
(0.0622sq.m)
16,347 JPYsq.m
(0.0423sq.m)
Tsuchiura37,681 JPYsq.m
(0.0447sq.m)
29,217 JPYsq.m
(0.0682sq.m)
17,208 JPYsq.m
(0.0575sq.m)
Kanndatsu2,439 JPYsq.m
(0.01,410sq.m)
20,331 JPYsq.m
(0.0820sq.m)
7,575 JPYsq.m
(0.0990sq.m)
Takahama684 JPYsq.m
(0.01,900sq.m)
2,584 JPYsq.m
(0.0928sq.m)
-
Ishioka10,313 JPYsq.m
(0.01,140sq.m)
10,176 JPYsq.m
(0.0616sq.m)
-
Hatori5,752 JPYsq.m
(0.0652sq.m)
5,670 JPYsq.m
(0.0560sq.m)
7,636 JPYsq.m
(0.0310sq.m)
Iwama2,906 JPYsq.m
(0.0797sq.m)
7,769 JPYsq.m
(0.0729sq.m)
8,252 JPYsq.m
(0.0235sq.m)
Tomobe18,109 JPYsq.m
(0.0873sq.m)
12,596 JPYsq.m
(0.0556sq.m)
19,566 JPYsq.m
(0.01,248sq.m)
Uchihara17,011 JPYsq.m
(0.0190sq.m)
11,120 JPYsq.m
(0.0947sq.m)
6,357 JPYsq.m
(0.0693sq.m)
Akatsuka29,039 JPYsq.m
(0.0450sq.m)
25,439 JPYsq.m
(0.0486sq.m)
26,147 JPYsq.m
(0.0585sq.m)
Kairakuenn---
Mito45,015 JPYsq.m
(0.0681sq.m)
34,415 JPYsq.m
(0.0542sq.m)
31,776 JPYsq.m
(0.0331sq.m)
Katsuta33,775 JPYsq.m
(0.0642sq.m)
37,549 JPYsq.m
(0.0281sq.m)
59,070 JPYsq.m
(0.0442sq.m)
Sawa35,166 JPYsq.m
(0.0672sq.m)
15,181 JPYsq.m
(0.0630sq.m)
28,284 JPYsq.m
(0.01,267sq.m)
Toukai34,047 JPYsq.m
(0.0521sq.m)
25,079 JPYsq.m
(0.0729sq.m)
39,701 JPYsq.m
(0.0307sq.m)
Oomika33,982 JPYsq.m
(0.0255sq.m)
32,043 JPYsq.m
(0.0361sq.m)
11,792 JPYsq.m
(0.0396sq.m)
Hitachitaga33,256 JPYsq.m
(0.0559sq.m)
36,119 JPYsq.m
(0.0495sq.m)
37,578 JPYsq.m
(0.0323sq.m)
Hitachi7,904 JPYsq.m
(0.0385sq.m)
36,670 JPYsq.m
(0.0247sq.m)
24,467 JPYsq.m
(0.0598sq.m)
Ogitsu29,636 JPYsq.m
(0.0210sq.m)
40,833 JPYsq.m
(0.0260sq.m)
52,000 JPYsq.m
(0.0250sq.m)
Juuou24,762 JPYsq.m
(0.0223sq.m)
-13,289 JPYsq.m
(0.0299sq.m)
Takahagi27,200 JPYsq.m
(0.0250sq.m)
18,000 JPYsq.m
(0.0586sq.m)
18,889 JPYsq.m
(0.0520sq.m)
Minaminakagou-5,556 JPYsq.m
(0.0843sq.m)
23,214 JPYsq.m
(0.0280sq.m)
Isohara1,337 JPYsq.m
(0.01,084sq.m)
14,582 JPYsq.m
(0.0781sq.m)
11,010 JPYsq.m
(0.0590sq.m)
Ootsukou13,793 JPYsq.m
(0.0290sq.m)
8,135 JPYsq.m
(0.0828sq.m)
12,297 JPYsq.m
(0.0415sq.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

Fujishiro21,330 JPY/sq.m (+220% compared with the previous year)

The average price of Fujishiro Land was 21,330 JPY/sq.m. The market value represents an increase of 14,672 JPY (+220.4%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 1 (+33.3%) 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 -52.9% decrease compared to the 883.3 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 19.2 min in 2017; -35.8%)

Sawa35,166 JPY/sq.m (+132% compared with the previous year)

The average price of Sawa Land was 35,166 JPY/sq.m. The market value represents an increase of 19,986 JPY (+131.7%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 7 (-58.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 672.0 sq.m (a +6.7% increase compared to the 630.0 sq.m of last year.).

Isohara1,337 JPY/sq.m (-91% compared with the previous year)

The average price of Isohara Land was 1,337 JPY/sq.m. The market value represents a decrease of 13,246 JPY (-90.8%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 3 (-42.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1083.8 sq.m (a +38.8% increase compared to the 780.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 24.1 min in 2016 and 41.2 min in 2017; +70.9%)

Kanndatsu2,439 JPY/sq.m (-88% compared with the previous year)

The average price of Kanndatsu Land was 2,439 JPY/sq.m. The market value represents a decrease of 17,892 JPY (-88.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 18 (-90.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1410.0 sq.m (a +72.0% increase compared to the 820.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 37.0 min in 2016 and 75.0 min in 2017; +103.0%)

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)