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 23,905 JPY/sq.m. The market value represents an increase of 365 JPY (+1.6%) compared to 1 year ago and a transition to a slight market. 523 properties exchanged hands ( The market value represents a decrease of 809 (-60.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 564.1 sq.m (a -2.6% decrease compared to the 579.2 sq.m of last year.).

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

14 stations have experienced increased prices; 14 stations have experienced decreased prices. The overall trend was the same as last year. Toride, Fujishiro, Takahama, Uchihara, Akatsuka, Mito, Sawa, Toukai, Oomika, Juuou, Minaminakagou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Minaminakagou station, where prices have increased +90.5% compared to last year; a sq.m unit now costs 8,972 JPY/sq.m.

The top 2 stations has seen prices increase +74.7% (+5,850 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -48.1% (-5,929 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 2.1% of total transactions in 2016 and 1.7% of total transactions in 2017)

Land stations market overview

The average price of Toukai Land, the highest market value along this railway was 36,626 JPY/sq.m. The market value represents an increase of 8,180 JPY (+28.8%) compared to 1 year ago and a transition to a dramatic market. 26 properties exchanged hands ( The market value represents a decrease of 8 (-23.5%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Iwama Land, the lowest market value along this railway was 4,155 JPY/sq.m. The market value represents a decrease of 4,205 JPY (-50.3%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 1 (-12.5%) compared to 1 year ago and a transition to a weak 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.)
Toride31,130 JPYsq.m
(0.0182sq.m)
21,543 JPYsq.m
(0.0788sq.m)
30,978 JPYsq.m
(0.0347sq.m)
Fujishiro25,924 JPYsq.m
(0.0559sq.m)
18,464 JPYsq.m
(0.0482sq.m)
24,912 JPYsq.m
(0.0444sq.m)
Sanuki20,495 JPYsq.m
(0.0482sq.m)
22,458 JPYsq.m
(0.0486sq.m)
21,816 JPYsq.m
(0.0568sq.m)
Ushiku22,083 JPYsq.m
(0.0440sq.m)
28,254 JPYsq.m
(0.0411sq.m)
26,016 JPYsq.m
(0.0417sq.m)
Hitachinoushiku27,507 JPYsq.m
(0.0582sq.m)
47,855 JPYsq.m
(0.0360sq.m)
50,113 JPYsq.m
(0.0515sq.m)
Arakawaoki26,279 JPYsq.m
(0.0477sq.m)
26,910 JPYsq.m
(0.0574sq.m)
20,642 JPYsq.m
(0.0406sq.m)
Tsuchiura23,819 JPYsq.m
(0.0633sq.m)
24,105 JPYsq.m
(0.0670sq.m)
22,697 JPYsq.m
(0.0646sq.m)
Kanndatsu15,606 JPYsq.m
(0.0862sq.m)
19,693 JPYsq.m
(0.0758sq.m)
24,027 JPYsq.m
(0.0882sq.m)
Takahama6,757 JPYsq.m
(0.0760sq.m)
4,292 JPYsq.m
(0.0919sq.m)
6,979 JPYsq.m
(0.0608sq.m)
Ishioka11,243 JPYsq.m
(0.0604sq.m)
13,166 JPYsq.m
(0.0538sq.m)
16,363 JPYsq.m
(0.0558sq.m)
Hatori4,989 JPYsq.m
(0.0661sq.m)
6,034 JPYsq.m
(0.0650sq.m)
8,550 JPYsq.m
(0.0711sq.m)
Iwama4,155 JPYsq.m
(0.0579sq.m)
8,360 JPYsq.m
(0.0823sq.m)
8,909 JPYsq.m
(0.0756sq.m)
Tomobe17,467 JPYsq.m
(0.0763sq.m)
15,770 JPYsq.m
(0.0632sq.m)
21,660 JPYsq.m
(0.0642sq.m)
Uchihara20,045 JPYsq.m
(0.0380sq.m)
12,607 JPYsq.m
(0.0865sq.m)
11,357 JPYsq.m
(0.0693sq.m)
Akatsuka33,217 JPYsq.m
(0.0401sq.m)
25,756 JPYsq.m
(0.0515sq.m)
25,627 JPYsq.m
(0.0655sq.m)
Kairakuenn-37,634 JPYsq.m
(0.0930sq.m)
10,000 JPYsq.m
(0.0500sq.m)
Mito36,183 JPYsq.m
(0.0615sq.m)
28,434 JPYsq.m
(0.0532sq.m)
30,715 JPYsq.m
(0.0480sq.m)
Katsuta31,592 JPYsq.m
(0.0597sq.m)
35,667 JPYsq.m
(0.0543sq.m)
41,451 JPYsq.m
(0.0569sq.m)
Sawa25,858 JPYsq.m
(0.0905sq.m)
21,425 JPYsq.m
(0.0508sq.m)
30,820 JPYsq.m
(0.0732sq.m)
Toukai36,626 JPYsq.m
(0.0552sq.m)
28,446 JPYsq.m
(0.0586sq.m)
31,362 JPYsq.m
(0.0515sq.m)
Oomika36,009 JPYsq.m
(0.0315sq.m)
22,981 JPYsq.m
(0.0263sq.m)
21,869 JPYsq.m
(0.0342sq.m)
Hitachitaga34,914 JPYsq.m
(0.0348sq.m)
36,866 JPYsq.m
(0.0494sq.m)
34,170 JPYsq.m
(0.0322sq.m)
Hitachi29,599 JPYsq.m
(0.0457sq.m)
32,165 JPYsq.m
(0.0325sq.m)
29,696 JPYsq.m
(0.0427sq.m)
Ogitsu30,772 JPYsq.m
(0.0440sq.m)
27,772 JPYsq.m
(0.0420sq.m)
24,239 JPYsq.m
(0.0421sq.m)
Juuou23,668 JPYsq.m
(0.0520sq.m)
18,519 JPYsq.m
(0.0357sq.m)
17,971 JPYsq.m
(0.0278sq.m)
Takahagi9,023 JPYsq.m
(0.0361sq.m)
16,677 JPYsq.m
(0.0719sq.m)
12,841 JPYsq.m
(0.0404sq.m)
Minaminakagou8,972 JPYsq.m
(0.01,466sq.m)
4,710 JPYsq.m
(0.01,158sq.m)
21,940 JPYsq.m
(0.0290sq.m)
Isohara10,544 JPYsq.m
(0.0836sq.m)
17,154 JPYsq.m
(0.0534sq.m)
17,661 JPYsq.m
(0.0466sq.m)
Ootsukou9,175 JPYsq.m
(0.0167sq.m)
9,005 JPYsq.m
(0.0563sq.m)
10,380 JPYsq.m
(0.0258sq.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

Minaminakagou8,972 JPY/sq.m (+90% compared with the previous year)

The average price of Minaminakagou Land was 8,972 JPY/sq.m. The market value represents an increase of 4,262 JPY (+90.5%) 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 1466.0 sq.m (a +26.7% increase compared to the 1157.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 25.4 min in 2016 and 36.0 min in 2017; +41.6%)

Uchihara20,045 JPY/sq.m (+59% compared with the previous year)

The average price of Uchihara Land was 20,045 JPY/sq.m. The market value represents an increase of 7,438 JPY (+59.0%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 13 (-59.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 380.0 sq.m (a -56.1% decrease compared to the 865.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 40.6 min in 2016 and 24.8 min in 2017; -39.0%)

Iwama4,155 JPY/sq.m (-50% compared with the previous year)

The average price of Iwama Land was 4,155 JPY/sq.m. The market value represents a decrease of 4,205 JPY (-50.3%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 1 (-12.5%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 579.3 sq.m (a -29.6% decrease compared to the 823.1 sq.m of last year.).

Takahagi9,023 JPY/sq.m (-46% compared with the previous year)

The average price of Takahagi Land was 9,023 JPY/sq.m. The market value represents a decrease of 7,654 JPY (-45.9%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 16 (-76.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 361.0 sq.m (a -49.8% decrease compared to the 719.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 30.9 min in 2016 and 24.8 min in 2017; -19.8%)

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)