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 22,678 JPY/sq.m. The market value represents an increase of 129 JPY (+0.6%) compared to 1 year ago and a transition to a slight market. 232 properties exchanged hands ( The market value represents an increase of 87 (+60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 580.9 sq.m (a +0.5% increase compared to the 577.9 sq.m of last year.).

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

10 stations have experienced increased prices; 15 stations have experienced decreased prices. Market value of most stations decreased. Sanuki, Ishioka, Mito, Hitachi, Minaminakagou 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 +302.1% compared to last year; a sq.m unit now costs 10,961 JPY/sq.m.

The top 2 stations has seen prices increase +269.2% (+18,415 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -57.9% (-13,636 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 1.4% of total transactions in 2017 and 2.6% of total transactions in 2018)

Land stations market overview

The average price of Hitachi Land, the highest market value along this railway was 60,714 JPY/sq.m. The market value represents an increase of 18,788 JPY (+44.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) 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 2,329 JPY/sq.m. The market value represents a decrease of 2,955 JPY (-55.9%) compared to 1 year ago and a transition to a dramatic market. 22 properties exchanged hands ( The market value represents an increase of 9 (+69.2%) 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.)
Toride43,707 JPYsq.m
(0.0205sq.m)
-29,526 JPYsq.m
(0.0301sq.m)
Fujishiro15,110 JPYsq.m
(0.0512sq.m)
-13,512 JPYsq.m
(0.0517sq.m)
Sanuki30,294 JPYsq.m
(0.0312sq.m)
16,000 JPYsq.m
(0.0644sq.m)
32,240 JPYsq.m
(0.0300sq.m)
Ushiku20,707 JPYsq.m
(0.0335sq.m)
21,627 JPYsq.m
(0.0497sq.m)
31,444 JPYsq.m
(0.0469sq.m)
Hitachinoushiku35,087 JPYsq.m
(0.0704sq.m)
37,584 JPYsq.m
(0.0634sq.m)
58,612 JPYsq.m
(0.0247sq.m)
Arakawaoki13,402 JPYsq.m
(0.0775sq.m)
30,498 JPYsq.m
(0.0441sq.m)
36,603 JPYsq.m
(0.0405sq.m)
Tsuchiura12,470 JPYsq.m
(0.0962sq.m)
10,513 JPYsq.m
(0.0992sq.m)
22,723 JPYsq.m
(0.0687sq.m)
Kanndatsu11,839 JPYsq.m
(0.01,173sq.m)
16,003 JPYsq.m
(0.0603sq.m)
18,931 JPYsq.m
(0.0518sq.m)
Takahama2,329 JPYsq.m
(0.0867sq.m)
5,284 JPYsq.m
(0.0763sq.m)
5,547 JPYsq.m
(0.0573sq.m)
Ishioka17,610 JPYsq.m
(0.0587sq.m)
10,641 JPYsq.m
(0.0478sq.m)
22,386 JPYsq.m
(0.0367sq.m)
Hatori10,961 JPYsq.m
(0.0449sq.m)
2,726 JPYsq.m
(0.0767sq.m)
9,123 JPYsq.m
(0.0558sq.m)
Iwama16,876 JPYsq.m
(0.0815sq.m)
-10,000 JPYsq.m
(0.0200sq.m)
Tomobe22,500 JPYsq.m
(0.0237sq.m)
26,901 JPYsq.m
(0.0560sq.m)
26,233 JPYsq.m
(0.0408sq.m)
Uchihara13,538 JPYsq.m
(0.0650sq.m)
14,252 JPYsq.m
(0.0468sq.m)
8,609 JPYsq.m
(0.01,138sq.m)
Akatsuka26,223 JPYsq.m
(0.0543sq.m)
29,713 JPYsq.m
(0.0452sq.m)
21,477 JPYsq.m
(0.0567sq.m)
Kairakuenn--37,634 JPYsq.m
(0.0930sq.m)
Mito38,484 JPYsq.m
(0.0400sq.m)
30,095 JPYsq.m
(0.0385sq.m)
34,906 JPYsq.m
(0.0411sq.m)
Katsuta23,719 JPYsq.m
(0.0529sq.m)
25,178 JPYsq.m
(0.0212sq.m)
37,914 JPYsq.m
(0.0646sq.m)
Sawa40,693 JPYsq.m
(0.0593sq.m)
12,098 JPYsq.m
(0.01,073sq.m)
7,142 JPYsq.m
(0.0210sq.m)
Toukai31,778 JPYsq.m
(0.0329sq.m)
36,840 JPYsq.m
(0.0805sq.m)
36,021 JPYsq.m
(0.0320sq.m)
Oomika29,448 JPYsq.m
(0.0248sq.m)
54,256 JPYsq.m
(0.0215sq.m)
20,202 JPYsq.m
(0.0249sq.m)
Hitachitaga32,319 JPYsq.m
(0.0750sq.m)
55,694 JPYsq.m
(0.0345sq.m)
29,640 JPYsq.m
(0.0584sq.m)
Hitachi60,714 JPYsq.m
(0.0140sq.m)
41,926 JPYsq.m
(0.0333sq.m)
34,236 JPYsq.m
(0.0209sq.m)
Ogitsu32,334 JPYsq.m
(0.0270sq.m)
44,000 JPYsq.m
(0.0250sq.m)
19,964 JPYsq.m
(0.0782sq.m)
Juuou26,135 JPYsq.m
(0.0425sq.m)
8,571 JPYsq.m
(0.0140sq.m)
-
Takahagi13,234 JPYsq.m
(0.0577sq.m)
6,126 JPYsq.m
(0.0315sq.m)
9,422 JPYsq.m
(0.0990sq.m)
Minaminakagou16,216 JPYsq.m
(0.0370sq.m)
8,972 JPYsq.m
(0.01,110sq.m)
-
Isohara6,870 JPYsq.m
(0.0335sq.m)
17,045 JPYsq.m
(0.0440sq.m)
17,033 JPYsq.m
(0.0463sq.m)
Ootsukou12,465 JPYsq.m
(0.0360sq.m)
12,500 JPYsq.m
(0.0160sq.m)
9,498 JPYsq.m
(0.0456sq.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

Hatori10,961 JPY/sq.m (+302% compared with the previous year)

The average price of Hatori Land was 10,961 JPY/sq.m. The market value represents an increase of 8,235 JPY (+302.1%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 1 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 449.0 sq.m (a -41.4% decrease compared to the 766.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 75.0 min in 2017 and 47.6 min in 2018; -36.5%)

Sawa40,693 JPY/sq.m (+236% compared with the previous year)

The average price of Sawa Land was 40,693 JPY/sq.m. The market value represents an increase of 28,595 JPY (+236.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 593.3 sq.m (a -44.7% decrease compared to the 1073.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 40.0 min in 2017 and 16.7 min in 2018; -58.3%)

Isohara6,870 JPY/sq.m (-60% compared with the previous year)

The average price of Isohara Land was 6,870 JPY/sq.m. The market value represents a decrease of 10,174 JPY (-59.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 335.0 sq.m (a -23.9% decrease compared to the 440.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.0 min in 2017 and 22.5 min in 2018; +150.0%)

Arakawaoki13,402 JPY/sq.m (-56% compared with the previous year)

The average price of Arakawaoki Land was 13,402 JPY/sq.m. The market value represents a decrease of 17,097 JPY (-56.1%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 775.4 sq.m (a +75.9% increase compared to the 440.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 36.3 min in 2017 and 64.8 min in 2018; +78.4%)

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)