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, 2018 to Mar, 2018 was 22,927 JPY/sq.m. The market value represents a decrease of 388 JPY (-1.7%) compared to 1 year ago and a transition to a slight market. 431 properties exchanged hands ( The market value represents a decrease of 19 (-4.2%) compared to 1 year ago and a transition to a some market.).

The average size of the real estate was 471.2 sq.m (a -0.7% decrease compared to the 474.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six 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. Fujishiro, Uchihara, Mito, Sawa, Juuou, Takahagi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Hatori station, where prices have increased +281.2% compared to last year; a sq.m unit now costs 9,663 JPY/sq.m.

The top 2 stations has seen prices increase +203.5% (+7,756 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -63.7% (-11,784 JPY/sq.m).

Cause of price increases

  • A dramatic 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 2017 and 3.3% of total transactions in 2018)

Land stations market overview

The average price of Toride Land, the highest market value along this railway was 55,285 JPY/sq.m. The market value represents an increase of 5,585 JPY (+11.2%) compared to 1 year ago and a transition to a bull market. 5 properties exchanged hands ( The market value represents a decrease of 2 (-28.6%) 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 3,549 JPY/sq.m. The market value represents a decrease of 4,854 JPY (-57.8%) compared to 1 year ago and a transition to a dramatic market. 24 properties exchanged hands ( The market value represents a decrease of 9 (-27.3%) compared to 1 year ago and a transition to a dramatic market.).

JR Joban Line (Stations Land market overview)
JR Joban LineThis year(2018)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Toride55,285 JPYsq.m
(0.0236sq.m)
49,700 JPYsq.m
(0.0274sq.m)
30,092 JPYsq.m
(0.0309sq.m)
Fujishiro20,463 JPYsq.m
(0.0457sq.m)
15,306 JPYsq.m
(0.0980sq.m)
30,612 JPYsq.m
(0.0426sq.m)
Sanuki32,592 JPYsq.m
(0.0300sq.m)
28,143 JPYsq.m
(0.0223sq.m)
31,364 JPYsq.m
(0.0275sq.m)
Ushiku21,955 JPYsq.m
(0.0369sq.m)
22,921 JPYsq.m
(0.0358sq.m)
27,205 JPYsq.m
(0.0481sq.m)
Hitachinoushiku42,953 JPYsq.m
(0.0513sq.m)
39,808 JPYsq.m
(0.0434sq.m)
64,538 JPYsq.m
(0.0300sq.m)
Arakawaoki19,350 JPYsq.m
(0.0460sq.m)
25,689 JPYsq.m
(0.0491sq.m)
36,526 JPYsq.m
(0.0230sq.m)
Tsuchiura14,103 JPYsq.m
(0.0600sq.m)
17,214 JPYsq.m
(0.0608sq.m)
21,631 JPYsq.m
(0.0449sq.m)
Kanndatsu13,767 JPYsq.m
(0.0712sq.m)
14,292 JPYsq.m
(0.0618sq.m)
20,965 JPYsq.m
(0.0444sq.m)
Takahama3,549 JPYsq.m
(0.0610sq.m)
8,403 JPYsq.m
(0.0550sq.m)
4,562 JPYsq.m
(0.0516sq.m)
Ishioka13,912 JPYsq.m
(0.0558sq.m)
14,205 JPYsq.m
(0.0548sq.m)
22,567 JPYsq.m
(0.0310sq.m)
Hatori9,663 JPYsq.m
(0.0398sq.m)
2,535 JPYsq.m
(0.0775sq.m)
11,162 JPYsq.m
(0.0629sq.m)
Iwama15,051 JPYsq.m
(0.0772sq.m)
6,667 JPYsq.m
(0.01,500sq.m)
11,922 JPYsq.m
(0.0405sq.m)
Tomobe22,500 JPYsq.m
(0.0237sq.m)
22,881 JPYsq.m
(0.0416sq.m)
21,065 JPYsq.m
(0.0439sq.m)
Uchihara16,970 JPYsq.m
(0.0530sq.m)
11,379 JPYsq.m
(0.0436sq.m)
11,186 JPYsq.m
(0.0776sq.m)
Akatsuka26,528 JPYsq.m
(0.0407sq.m)
26,763 JPYsq.m
(0.0305sq.m)
26,567 JPYsq.m
(0.0468sq.m)
Kairakuenn--37,634 JPYsq.m
(0.0930sq.m)
Mito33,679 JPYsq.m
(0.0424sq.m)
24,359 JPYsq.m
(0.0607sq.m)
31,872 JPYsq.m
(0.0421sq.m)
Katsuta30,292 JPYsq.m
(0.0396sq.m)
34,861 JPYsq.m
(0.0274sq.m)
37,183 JPYsq.m
(0.0359sq.m)
Sawa32,939 JPYsq.m
(0.0421sq.m)
19,370 JPYsq.m
(0.0512sq.m)
46,038 JPYsq.m
(0.0244sq.m)
Toukai37,678 JPYsq.m
(0.0298sq.m)
35,377 JPYsq.m
(0.0400sq.m)
37,793 JPYsq.m
(0.0504sq.m)
Oomika29,449 JPYsq.m
(0.0248sq.m)
40,313 JPYsq.m
(0.0384sq.m)
25,027 JPYsq.m
(0.0289sq.m)
Hitachitaga35,369 JPYsq.m
(0.0424sq.m)
33,872 JPYsq.m
(0.0448sq.m)
29,641 JPYsq.m
(0.0584sq.m)
Hitachi41,579 JPYsq.m
(0.0383sq.m)
40,100 JPYsq.m
(0.0322sq.m)
38,225 JPYsq.m
(0.0205sq.m)
Ogitsu27,525 JPYsq.m
(0.0152sq.m)
39,885 JPYsq.m
(0.0203sq.m)
20,516 JPYsq.m
(0.0340sq.m)
Juuou25,908 JPYsq.m
(0.0372sq.m)
21,534 JPYsq.m
(0.0358sq.m)
34,483 JPYsq.m
(0.0290sq.m)
Takahagi13,234 JPYsq.m
(0.0577sq.m)
10,235 JPYsq.m
(0.0360sq.m)
12,631 JPYsq.m
(0.0800sq.m)
Minaminakagou8,336 JPYsq.m
(0.0735sq.m)
8,648 JPYsq.m
(0.0560sq.m)
16,480 JPYsq.m
(0.0220sq.m)
Isohara8,145 JPYsq.m
(0.0825sq.m)
26,860 JPYsq.m
(0.0370sq.m)
16,354 JPYsq.m
(0.0436sq.m)
Ootsukou10,870 JPYsq.m
(0.0340sq.m)
15,763 JPYsq.m
(0.0514sq.m)
9,266 JPYsq.m
(0.0401sq.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

Hatori9,663 JPY/sq.m (+281% compared with the previous year)

The average price of Hatori Land was 9,663 JPY/sq.m. The market value represents an increase of 7,128 JPY (+281.2%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 6 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 398.3 sq.m (a -48.6% decrease compared to the 774.5 sq.m of last year.).

Iwama15,051 JPY/sq.m (+126% compared with the previous year)

The average price of Iwama Land was 15,051 JPY/sq.m. The market value represents an increase of 8,384 JPY (+125.7%) 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 772.5 sq.m (a -48.5% decrease compared to the 1500.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2017 and 19.0 min in 2018; -36.7%)

Isohara8,145 JPY/sq.m (-70% compared with the previous year)

The average price of Isohara Land was 8,145 JPY/sq.m. The market value represents a decrease of 18,715 JPY (-69.7%) compared to 1 year ago and a transition to a dramatic market. 16 properties exchanged hands ( The market value represents an increase of 9 (+128.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 825.0 sq.m (a +123.0% increase compared to the 370.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 14.8 min in 2017 and 21.1 min in 2018; +42.0%)

Takahama3,549 JPY/sq.m (-58% compared with the previous year)

The average price of Takahama Land was 3,549 JPY/sq.m. The market value represents a decrease of 4,854 JPY (-57.8%) compared to 1 year ago and a transition to a dramatic market. 24 properties exchanged hands ( The market value represents a decrease of 9 (-27.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 609.8 sq.m (a +11.0% increase compared to the 549.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 90.9 min in 2017 and 109.8 min in 2018; +20.7%)

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)