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 24,806 JPY/sq.m. The market value represents an increase of 1,602 JPY (+6.9%) compared to 1 year ago and a transition to a strong market. 477 properties exchanged hands ( The market value represents a decrease of 33 (-6.5%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 453.0 sq.m (a -2.6% decrease compared to the 464.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a some increase in transactions involving very large size more than 200 sq.m.

16 stations have experienced increased prices; 11 stations have experienced decreased prices. The overall trend was the same as last year. Fujishiro, Sanuki, Hatori, Iwama, Tomobe, Uchihara, Sawa, Ootsukou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Juuou station, where prices have increased +992.6% compared to last year; a sq.m unit now costs 26,572 JPY/sq.m.

The top 2 stations has seen prices increase +614.5% (+15,100 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -54.8% (-14,869 JPY/sq.m).

Causes of price decreases

  • An decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.4% of total transactions in 2016 and 1.9% of total transactions in 2017)

Land stations market overview

The average price of Hitachinoushiku Land, the highest market value along this railway was 49,950 JPY/sq.m. The market value represents an increase of 2,785 JPY (+5.9%) compared to 1 year ago and a transition to a strong market. 11 properties exchanged hands ( The market value represents a decrease of 8 (-42.1%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Isohara Land, the lowest market value along this railway was 5,816 JPY/sq.m. The market value represents a decrease of 10,090 JPY (-63.4%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 2 (-25.0%) 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.)
Toride30,486 JPYsq.m
(0.0182sq.m)
44,134 JPYsq.m
(0.0153sq.m)
30,135 JPYsq.m
(0.0402sq.m)
Fujishiro26,094 JPYsq.m
(0.0405sq.m)
13,188 JPYsq.m
(0.0519sq.m)
31,645 JPYsq.m
(0.0579sq.m)
Sanuki23,889 JPYsq.m
(0.0318sq.m)
18,630 JPYsq.m
(0.0473sq.m)
27,356 JPYsq.m
(0.0283sq.m)
Ushiku20,859 JPYsq.m
(0.0392sq.m)
24,925 JPYsq.m
(0.0360sq.m)
26,331 JPYsq.m
(0.0410sq.m)
Hitachinoushiku49,950 JPYsq.m
(0.0227sq.m)
47,164 JPYsq.m
(0.0236sq.m)
66,409 JPYsq.m
(0.0283sq.m)
Arakawaoki19,358 JPYsq.m
(0.0561sq.m)
20,250 JPYsq.m
(0.0377sq.m)
18,556 JPYsq.m
(0.0390sq.m)
Tsuchiura25,181 JPYsq.m
(0.0423sq.m)
28,310 JPYsq.m
(0.0556sq.m)
18,750 JPYsq.m
(0.0524sq.m)
Kanndatsu18,787 JPYsq.m
(0.0516sq.m)
16,699 JPYsq.m
(0.0634sq.m)
24,951 JPYsq.m
(0.0403sq.m)
Takahama8,624 JPYsq.m
(0.0852sq.m)
2,564 JPYsq.m
(0.0584sq.m)
10,439 JPYsq.m
(0.0775sq.m)
Ishioka9,457 JPYsq.m
(0.0560sq.m)
10,567 JPYsq.m
(0.0409sq.m)
16,500 JPYsq.m
(0.0425sq.m)
Hatori9,490 JPYsq.m
(0.0516sq.m)
5,670 JPYsq.m
(0.0560sq.m)
8,235 JPYsq.m
(0.0511sq.m)
Iwama9,452 JPYsq.m
(0.0538sq.m)
7,769 JPYsq.m
(0.0305sq.m)
7,978 JPYsq.m
(0.0292sq.m)
Tomobe18,217 JPYsq.m
(0.0387sq.m)
13,080 JPYsq.m
(0.0525sq.m)
15,513 JPYsq.m
(0.0596sq.m)
Uchihara18,314 JPYsq.m
(0.0279sq.m)
10,592 JPYsq.m
(0.0768sq.m)
5,268 JPYsq.m
(0.0708sq.m)
Akatsuka22,426 JPYsq.m
(0.0406sq.m)
28,298 JPYsq.m
(0.0440sq.m)
27,438 JPYsq.m
(0.0454sq.m)
Kairakuenn---
Mito31,849 JPYsq.m
(0.0484sq.m)
31,804 JPYsq.m
(0.0419sq.m)
32,225 JPYsq.m
(0.0360sq.m)
Katsuta36,087 JPYsq.m
(0.0511sq.m)
32,667 JPYsq.m
(0.0375sq.m)
41,298 JPYsq.m
(0.0401sq.m)
Sawa30,173 JPYsq.m
(0.0390sq.m)
15,181 JPYsq.m
(0.0630sq.m)
24,273 JPYsq.m
(0.0561sq.m)
Toukai29,531 JPYsq.m
(0.0415sq.m)
24,757 JPYsq.m
(0.0554sq.m)
32,135 JPYsq.m
(0.0309sq.m)
Oomika31,646 JPYsq.m
(0.0282sq.m)
32,679 JPYsq.m
(0.0338sq.m)
27,852 JPYsq.m
(0.0452sq.m)
Hitachitaga36,294 JPYsq.m
(0.0610sq.m)
37,127 JPYsq.m
(0.0316sq.m)
37,047 JPYsq.m
(0.0270sq.m)
Hitachi36,735 JPYsq.m
(0.0382sq.m)
36,587 JPYsq.m
(0.0310sq.m)
29,596 JPYsq.m
(0.0621sq.m)
Ogitsu22,883 JPYsq.m
(0.0353sq.m)
42,531 JPYsq.m
(0.0235sq.m)
30,210 JPYsq.m
(0.0403sq.m)
Juuou26,572 JPYsq.m
(0.0230sq.m)
2,432 JPYsq.m
(0.0740sq.m)
14,145 JPYsq.m
(0.0273sq.m)
Takahagi11,801 JPYsq.m
(0.0459sq.m)
14,522 JPYsq.m
(0.0492sq.m)
18,560 JPYsq.m
(0.0416sq.m)
Minaminakagou-5,556 JPYsq.m
(0.0265sq.m)
11,781 JPYsq.m
(0.0377sq.m)
Isohara5,816 JPYsq.m
(0.0782sq.m)
15,906 JPYsq.m
(0.0532sq.m)
14,656 JPYsq.m
(0.0596sq.m)
Ootsukou10,358 JPYsq.m
(0.0340sq.m)
7,748 JPYsq.m
(0.0762sq.m)
10,415 JPYsq.m
(0.0386sq.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

Juuou26,572 JPY/sq.m (+993% compared with the previous year)

The average price of Juuou Land was 26,572 JPY/sq.m. The market value represents an increase of 24,140 JPY (+992.6%) 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 230.0 sq.m (a -68.9% decrease compared to the 740.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 30.0 min in 2016 and 26.2 min in 2017; -12.5%)

Takahama8,624 JPY/sq.m (+236% compared with the previous year)

The average price of Takahama Land was 8,624 JPY/sq.m. The market value represents an increase of 6,060 JPY (+236.4%) compared to 1 year ago and a transition to a dramatic market. 19 properties exchanged hands ( The market value represents a decrease of 14 (-42.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 851.7 sq.m (a +45.9% increase compared to the 583.8 sq.m of last year.).

Isohara5,816 JPY/sq.m (-63% compared with the previous year)

The average price of Isohara Land was 5,816 JPY/sq.m. The market value represents a decrease of 10,090 JPY (-63.4%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 2 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 782.0 sq.m (a +47.0% increase compared to the 532.1 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 23.4 min in 2016 and 34.8 min in 2017; +49.0%)

Ogitsu22,883 JPY/sq.m (-46% compared with the previous year)

The average price of Ogitsu Land was 22,883 JPY/sq.m. The market value represents a decrease of 19,648 JPY (-46.2%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 353.3 sq.m (a +50.4% increase compared to the 235.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 17.4 min in 2016 and 27.3 min in 2017; +57.1%)

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)