JR Joban Line railway market report

JR Joban Line Land market overview

The average price of JR Joban Line (Toride to Ootsukou) Land, in Apr, 2018 to Jun, 2018 was 22,474 JPY/sq.m. The market value represents a decrease of 1,822 JPY (-7.5%) compared to 1 year ago and a transition to a bear market. 456 properties exchanged hands ( The market value represents an increase of 27 (+6.3%) compared to 1 year ago and a transition to a strong market.).

The average size of the real estate was 432.5 sq.m (a +9.4% increase compared to the 395.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

9 stations have experienced increased prices; 18 stations have experienced decreased prices. Market value of most stations decreased. Ishioka, Tomobe, Toukai, Hitachitaga, Hitachi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Iwama station, where prices have increased +209.5% compared to last year; a sq.m unit now costs 6,258 JPY/sq.m.

The top 2 stations has seen prices increase +161.4% (+6,746 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -75.9% (-42,921 JPY/sq.m).

Cause of price increases

  • An increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.9% of total transactions in 2017 and 2.2% of total transactions in 2018)

Causes of price decreases

  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 0.5% of total transactions in 2017 and 0.2% of total transactions in 2018)

Land stations market overview

The average price of Hitachinoushiku Land, the highest market value along this railway was 41,776 JPY/sq.m. The market value represents a decrease of 130 JPY (-0.3%) compared to 1 year ago and a transition to a slight market. 13 properties exchanged hands ( The market value represents a decrease of 6 (-31.6%) 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 5,589 JPY/sq.m. The market value represents a decrease of 3,942 JPY (-41.4%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents a decrease of 13 (-52.0%) 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.)
Toride22,267 JPYsq.m
(0.0169sq.m)
81,081 JPYsq.m
(0.0185sq.m)
29,280 JPYsq.m
(0.0252sq.m)
Fujishiro7,047 JPYsq.m
(0.0947sq.m)
34,076 JPYsq.m
(0.0410sq.m)
22,972 JPYsq.m
(0.0359sq.m)
Sanuki9,706 JPYsq.m
(0.0620sq.m)
20,030 JPYsq.m
(0.0526sq.m)
26,117 JPYsq.m
(0.0481sq.m)
Ushiku22,304 JPYsq.m
(0.0289sq.m)
29,310 JPYsq.m
(0.0292sq.m)
32,788 JPYsq.m
(0.0298sq.m)
Hitachinoushiku41,776 JPYsq.m
(0.0416sq.m)
41,905 JPYsq.m
(0.0311sq.m)
50,442 JPYsq.m
(0.0295sq.m)
Arakawaoki20,621 JPYsq.m
(0.0494sq.m)
24,629 JPYsq.m
(0.0371sq.m)
26,149 JPYsq.m
(0.0422sq.m)
Tsuchiura20,131 JPYsq.m
(0.0476sq.m)
23,502 JPYsq.m
(0.0337sq.m)
21,274 JPYsq.m
(0.0564sq.m)
Kanndatsu16,626 JPYsq.m
(0.0436sq.m)
26,335 JPYsq.m
(0.0435sq.m)
22,837 JPYsq.m
(0.0440sq.m)
Takahama5,589 JPYsq.m
(0.0385sq.m)
9,530 JPYsq.m
(0.0421sq.m)
4,994 JPYsq.m
(0.0697sq.m)
Ishioka21,361 JPYsq.m
(0.0450sq.m)
12,928 JPYsq.m
(0.0384sq.m)
11,219 JPYsq.m
(0.0369sq.m)
Hatori6,563 JPYsq.m
(0.0420sq.m)
7,184 JPYsq.m
(0.0470sq.m)
4,759 JPYsq.m
(0.0670sq.m)
Iwama6,258 JPYsq.m
(0.0378sq.m)
2,022 JPYsq.m
(0.0400sq.m)
16,471 JPYsq.m
(0.0170sq.m)
Tomobe26,469 JPYsq.m
(0.0225sq.m)
15,532 JPYsq.m
(0.0502sq.m)
14,049 JPYsq.m
(0.0511sq.m)
Uchihara12,616 JPYsq.m
(0.0740sq.m)
29,046 JPYsq.m
(0.0423sq.m)
27,170 JPYsq.m
(0.0333sq.m)
Akatsuka24,264 JPYsq.m
(0.0323sq.m)
22,422 JPYsq.m
(0.0434sq.m)
27,782 JPYsq.m
(0.0410sq.m)
Kairakuenn---
Mito31,792 JPYsq.m
(0.0416sq.m)
32,878 JPYsq.m
(0.0380sq.m)
24,503 JPYsq.m
(0.0421sq.m)
Katsuta31,477 JPYsq.m
(0.0487sq.m)
36,752 JPYsq.m
(0.0445sq.m)
32,733 JPYsq.m
(0.0475sq.m)
Sawa26,709 JPYsq.m
(0.0410sq.m)
36,210 JPYsq.m
(0.0438sq.m)
27,251 JPYsq.m
(0.0397sq.m)
Toukai30,503 JPYsq.m
(0.0367sq.m)
24,658 JPYsq.m
(0.0272sq.m)
28,681 JPYsq.m
(0.0409sq.m)
Oomika26,106 JPYsq.m
(0.0212sq.m)
24,433 JPYsq.m
(0.0671sq.m)
20,694 JPYsq.m
(0.0231sq.m)
Hitachitaga27,438 JPYsq.m
(0.0354sq.m)
22,214 JPYsq.m
(0.0336sq.m)
36,755 JPYsq.m
(0.0219sq.m)
Hitachi25,388 JPYsq.m
(0.0450sq.m)
19,208 JPYsq.m
(0.0245sq.m)
30,907 JPYsq.m
(0.0439sq.m)
Ogitsu19,704 JPYsq.m
(0.0384sq.m)
23,103 JPYsq.m
(0.0276sq.m)
13,657 JPYsq.m
(0.0198sq.m)
Juuou18,856 JPYsq.m
(0.0683sq.m)
34,217 JPYsq.m
(0.0430sq.m)
18,870 JPYsq.m
(0.0418sq.m)
Takahagi11,958 JPYsq.m
(0.0363sq.m)
12,702 JPYsq.m
(0.0269sq.m)
12,690 JPYsq.m
(0.0626sq.m)
Minaminakagou11,987 JPYsq.m
(0.0540sq.m)
-7,388 JPYsq.m
(0.0308sq.m)
Isohara15,542 JPYsq.m
(0.0511sq.m)
16,148 JPYsq.m
(0.0445sq.m)
17,074 JPYsq.m
(0.0442sq.m)
Ootsukou17,419 JPYsq.m
(0.0359sq.m)
8,163 JPYsq.m
(0.0396sq.m)
8,250 JPYsq.m
(0.0470sq.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

Iwama6,258 JPY/sq.m (+209% compared with the previous year)

The average price of Iwama Land was 6,258 JPY/sq.m. The market value represents an increase of 4,236 JPY (+209.5%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 377.5 sq.m (a -5.6% decrease compared to the 400.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 20.5 min in 2017 and 14.5 min in 2018; -29.3%)

Ootsukou17,419 JPY/sq.m (+113% compared with the previous year)

The average price of Ootsukou Land was 17,419 JPY/sq.m. The market value represents an increase of 9,256 JPY (+113.4%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 4 (-36.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 358.6 sq.m (a -9.5% decrease compared to the 396.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 26.7 min in 2017 and 15.1 min in 2018; -43.3%)

Fujishiro7,047 JPY/sq.m (-79% compared with the previous year)

The average price of Fujishiro Land was 7,047 JPY/sq.m. The market value represents a decrease of 27,028 JPY (-79.3%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 4 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 946.7 sq.m (a +130.9% increase compared to the 410.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 20.5 min in 2017 and 45.0 min in 2018; +119.5%)

Toride22,267 JPY/sq.m (-73% compared with the previous year)

The average price of Toride Land was 22,267 JPY/sq.m. The market value represents a decrease of 58,814 JPY (-72.5%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 5 (+250.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 168.6 sq.m (a -8.9% decrease compared to the 185.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 15.0 min in 2017 and 44.0 min in 2018; +193.3%)

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)