JR Joban Line railway market report

JR Joban Line Land market overview

The average price of JR Joban Line (Toride to Ootsukou) Land, in Jan, 2017 to Dec, 2017 was 24,241 JPY/sq.m. The market value represents a decrease of 358 JPY (-1.5%) compared to 1 year ago and a transition to a slight market. 1779 properties exchanged hands ( The market value represents a decrease of 156 (-8.1%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 435.4 sq.m (a -4.2% decrease compared to the 454.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a some increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

13 stations have experienced increased prices; 15 stations have experienced decreased prices. The overall trend was the same as last year. Toride, Uchihara, Oomika, 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 +101.2% compared to last year; a sq.m unit now costs 8,001 JPY/sq.m.

The top 2 stations has seen prices increase +82.4% (+10,321 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -24.6% (-2,980 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 2.0% of total transactions in 2016 and 1.7% of total transactions in 2017)

Land stations market overview

The average price of Toride Land, the highest market value along this railway was 42,711 JPY/sq.m. The market value represents an increase of 16,617 JPY (+63.7%) compared to 1 year ago and a transition to a dramatic market. 23 properties exchanged hands ( The market value represents an increase of 4 (+21.1%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Hatori Land, the lowest market value along this railway was 6,555 JPY/sq.m. The market value represents a decrease of 846 JPY (-11.4%) compared to 1 year ago and a transition to a weak market. 63 properties exchanged hands ( The market value represents a decrease of 2 (-3.1%) compared to 1 year ago and a transition to a some 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.)
Toride42,711 JPYsq.m
(0.0215sq.m)
26,094 JPYsq.m
(0.0593sq.m)
32,212 JPYsq.m
(0.0409sq.m)
Fujishiro27,513 JPYsq.m
(0.0525sq.m)
23,513 JPYsq.m
(0.0402sq.m)
28,915 JPYsq.m
(0.0426sq.m)
Sanuki22,371 JPYsq.m
(0.0353sq.m)
23,246 JPYsq.m
(0.0406sq.m)
23,874 JPYsq.m
(0.0361sq.m)
Ushiku26,659 JPYsq.m
(0.0347sq.m)
28,476 JPYsq.m
(0.0402sq.m)
28,110 JPYsq.m
(0.0345sq.m)
Hitachinoushiku39,259 JPYsq.m
(0.0349sq.m)
49,584 JPYsq.m
(0.0279sq.m)
56,549 JPYsq.m
(0.0306sq.m)
Arakawaoki23,337 JPYsq.m
(0.0462sq.m)
25,567 JPYsq.m
(0.0385sq.m)
21,195 JPYsq.m
(0.0380sq.m)
Tsuchiura21,562 JPYsq.m
(0.0430sq.m)
22,405 JPYsq.m
(0.0527sq.m)
22,130 JPYsq.m
(0.0450sq.m)
Kanndatsu19,854 JPYsq.m
(0.0526sq.m)
19,149 JPYsq.m
(0.0580sq.m)
24,634 JPYsq.m
(0.0465sq.m)
Takahama8,001 JPYsq.m
(0.0589sq.m)
3,977 JPYsq.m
(0.0673sq.m)
8,518 JPYsq.m
(0.0484sq.m)
Ishioka13,745 JPYsq.m
(0.0439sq.m)
15,036 JPYsq.m
(0.0375sq.m)
17,371 JPYsq.m
(0.0401sq.m)
Hatori6,555 JPYsq.m
(0.0560sq.m)
7,401 JPYsq.m
(0.0598sq.m)
8,553 JPYsq.m
(0.0544sq.m)
Iwama7,113 JPYsq.m
(0.0551sq.m)
9,573 JPYsq.m
(0.0475sq.m)
8,665 JPYsq.m
(0.0522sq.m)
Tomobe18,948 JPYsq.m
(0.0466sq.m)
18,113 JPYsq.m
(0.0492sq.m)
19,495 JPYsq.m
(0.0482sq.m)
Uchihara16,698 JPYsq.m
(0.0384sq.m)
11,717 JPYsq.m
(0.0675sq.m)
11,551 JPYsq.m
(0.0513sq.m)
Akatsuka25,846 JPYsq.m
(0.0385sq.m)
28,031 JPYsq.m
(0.0426sq.m)
26,704 JPYsq.m
(0.0492sq.m)
Kairakuenn-37,634 JPYsq.m
(0.0930sq.m)
10,000 JPYsq.m
(0.0500sq.m)
Mito29,938 JPYsq.m
(0.0466sq.m)
29,833 JPYsq.m
(0.0444sq.m)
31,077 JPYsq.m
(0.0398sq.m)
Katsuta35,640 JPYsq.m
(0.0413sq.m)
35,309 JPYsq.m
(0.0422sq.m)
33,985 JPYsq.m
(0.0408sq.m)
Sawa28,610 JPYsq.m
(0.0480sq.m)
33,584 JPYsq.m
(0.0384sq.m)
28,566 JPYsq.m
(0.0462sq.m)
Toukai30,987 JPYsq.m
(0.0383sq.m)
29,177 JPYsq.m
(0.0455sq.m)
30,970 JPYsq.m
(0.0413sq.m)
Oomika32,983 JPYsq.m
(0.0369sq.m)
26,296 JPYsq.m
(0.0286sq.m)
25,570 JPYsq.m
(0.0379sq.m)
Hitachitaga31,033 JPYsq.m
(0.0426sq.m)
35,740 JPYsq.m
(0.0375sq.m)
35,173 JPYsq.m
(0.0312sq.m)
Hitachi33,670 JPYsq.m
(0.0387sq.m)
33,086 JPYsq.m
(0.0359sq.m)
36,534 JPYsq.m
(0.0349sq.m)
Ogitsu28,019 JPYsq.m
(0.0378sq.m)
29,415 JPYsq.m
(0.0285sq.m)
26,898 JPYsq.m
(0.0335sq.m)
Juuou26,753 JPYsq.m
(0.0352sq.m)
18,511 JPYsq.m
(0.0378sq.m)
16,036 JPYsq.m
(0.0347sq.m)
Takahagi11,361 JPYsq.m
(0.0393sq.m)
14,860 JPYsq.m
(0.0537sq.m)
15,262 JPYsq.m
(0.0377sq.m)
Minaminakagou8,772 JPYsq.m
(0.0446sq.m)
8,915 JPYsq.m
(0.0320sq.m)
12,825 JPYsq.m
(0.0321sq.m)
Isohara16,002 JPYsq.m
(0.0488sq.m)
16,817 JPYsq.m
(0.0433sq.m)
17,292 JPYsq.m
(0.0419sq.m)
Ootsukou10,663 JPYsq.m
(0.0374sq.m)
9,256 JPYsq.m
(0.0586sq.m)
10,260 JPYsq.m
(0.0307sq.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

Takahama8,001 JPY/sq.m (+101% compared with the previous year)

The average price of Takahama Land was 8,001 JPY/sq.m. The market value represents an increase of 4,024 JPY (+101.2%) compared to 1 year ago and a transition to a dramatic market. 103 properties exchanged hands ( The market value represents an increase of 2 (+2.0%) compared to 1 year ago and a transition to a slight market.).

The average size of the real estate was 589.0 sq.m (a -12.5% decrease compared to the 672.8 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 105.1 min in 2016 and 93.0 min in 2017; -11.5%)

Toride42,711 JPY/sq.m (+64% compared with the previous year)

The average price of Toride Land was 42,711 JPY/sq.m. The market value represents an increase of 16,617 JPY (+63.7%) compared to 1 year ago and a transition to a dramatic market. 23 properties exchanged hands ( The market value represents an increase of 4 (+21.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 214.8 sq.m (a -63.8% decrease compared to the 592.8 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 25.6 min in 2016 and 29.9 min in 2017; +16.9%)

Iwama7,113 JPY/sq.m (-26% compared with the previous year)

The average price of Iwama Land was 7,113 JPY/sq.m. The market value represents a decrease of 2,460 JPY (-25.7%) compared to 1 year ago and a transition to a dramatic market. 15 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 551.0 sq.m (a +16.0% increase compared to the 475.0 sq.m of last year.).

Takahagi11,361 JPY/sq.m (-24% compared with the previous year)

The average price of Takahagi Land was 11,361 JPY/sq.m. The market value represents a decrease of 3,500 JPY (-23.6%) compared to 1 year ago and a transition to a dramatic market. 23 properties exchanged hands ( The market value represents a decrease of 15 (-39.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 392.8 sq.m (a -26.9% decrease compared to the 537.1 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 29.9 min in 2016 and 25.0 min in 2017; -16.7%)

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)