JR Joban Line railway market report

JR Joban Line Land market overview

The average price of JR Joban Line (Toride to Ootsukou) Land, in Jul, 2018 to Sep, 2018 was 22,533 JPY/sq.m. The market value represents an increase of 893 JPY (+4.1%) compared to 1 year ago and a transition to a some market. 278 properties exchanged hands ( The market value represents an increase of 105 (+60.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 539.0 sq.m (a -2.6% decrease compared to the 553.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a some increase in transactions involving very large size more than 200 sq.m.

11 stations have experienced increased prices; 12 stations have experienced decreased prices. Market value of most stations decreased. Sanuki, Hitachinoushiku, Takahama, Ishioka, Hatori, Hitachitaga, Hitachi, Ogitsu station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Takahagi station, where prices have increased +396.2% compared to last year; a sq.m unit now costs 13,026 JPY/sq.m.

The top 2 stations has seen prices increase +344.5% (+16,333 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -51.0% (-16,627 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 0.6% of total transactions in 2017 and 1.1% of total transactions in 2018)

Land stations market overview

The average price of Hitachi Land, the highest market value along this railway was 39,058 JPY/sq.m. The market value represents an increase of 8,177 JPY (+26.5%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 3 (+60.0%) 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 3,703 JPY/sq.m. The market value represents a decrease of 1,390 JPY (-27.3%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands (It was the same as last year.).

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.)
Toride15,406 JPYsq.m
(0.0134sq.m)
35,061 JPYsq.m
(0.0179sq.m)
5,943 JPYsq.m
(0.01,394sq.m)
Fujishiro16,002 JPYsq.m
(0.0703sq.m)
29,600 JPYsq.m
(0.0673sq.m)
5,000 JPYsq.m
(0.0340sq.m)
Sanuki29,567 JPYsq.m
(0.0186sq.m)
19,148 JPYsq.m
(0.0641sq.m)
21,898 JPYsq.m
(0.0338sq.m)
Ushiku26,839 JPYsq.m
(0.0426sq.m)
29,759 JPYsq.m
(0.0374sq.m)
28,560 JPYsq.m
(0.0422sq.m)
Hitachinoushiku29,423 JPYsq.m
(0.0869sq.m)
23,322 JPYsq.m
(0.0297sq.m)
35,718 JPYsq.m
(0.0349sq.m)
Arakawaoki15,866 JPYsq.m
(0.0492sq.m)
21,450 JPYsq.m
(0.0414sq.m)
24,289 JPYsq.m
(0.0561sq.m)
Tsuchiura18,122 JPYsq.m
(0.0442sq.m)
8,616 JPYsq.m
(0.0695sq.m)
12,652 JPYsq.m
(0.0540sq.m)
Kanndatsu11,659 JPYsq.m
(0.0635sq.m)
17,684 JPYsq.m
(0.0964sq.m)
13,674 JPYsq.m
(0.01,239sq.m)
Takahama11,545 JPYsq.m
(0.0868sq.m)
6,505 JPYsq.m
(0.0640sq.m)
6,012 JPYsq.m
(0.0964sq.m)
Ishioka15,724 JPYsq.m
(0.0679sq.m)
11,608 JPYsq.m
(0.0230sq.m)
13,726 JPYsq.m
(0.0450sq.m)
Hatori8,125 JPYsq.m
(0.0604sq.m)
5,741 JPYsq.m
(0.0621sq.m)
5,665 JPYsq.m
(0.0575sq.m)
Iwama3,703 JPYsq.m
(0.01,025sq.m)
5,092 JPYsq.m
(0.0416sq.m)
384 JPYsq.m
(0.01,300sq.m)
Tomobe29,870 JPYsq.m
(0.0272sq.m)
7,605 JPYsq.m
(0.0857sq.m)
15,060 JPYsq.m
(0.0912sq.m)
Uchihara12,713 JPYsq.m
(0.0518sq.m)
-8,671 JPYsq.m
(0.0669sq.m)
Akatsuka23,576 JPYsq.m
(0.0681sq.m)
42,853 JPYsq.m
(0.0268sq.m)
30,930 JPYsq.m
(0.0510sq.m)
Kairakuenn---
Mito32,422 JPYsq.m
(0.0449sq.m)
32,447 JPYsq.m
(0.0827sq.m)
24,782 JPYsq.m
(0.0649sq.m)
Katsuta26,515 JPYsq.m
(0.0572sq.m)
30,428 JPYsq.m
(0.0865sq.m)
39,971 JPYsq.m
(0.0652sq.m)
Sawa26,281 JPYsq.m
(0.0249sq.m)
26,668 JPYsq.m
(0.01,000sq.m)
27,607 JPYsq.m
(0.0432sq.m)
Toukai30,334 JPYsq.m
(0.0482sq.m)
49,166 JPYsq.m
(0.0220sq.m)
27,237 JPYsq.m
(0.0537sq.m)
Oomika20,033 JPYsq.m
(0.0632sq.m)
20,976 JPYsq.m
(0.0212sq.m)
27,820 JPYsq.m
(0.0248sq.m)
Hitachitaga36,861 JPYsq.m
(0.0450sq.m)
24,002 JPYsq.m
(0.0206sq.m)
43,665 JPYsq.m
(0.0781sq.m)
Hitachi39,058 JPYsq.m
(0.0548sq.m)
30,881 JPYsq.m
(0.0252sq.m)
29,048 JPYsq.m
(0.0309sq.m)
Ogitsu33,974 JPYsq.m
(0.0325sq.m)
25,294 JPYsq.m
(0.0765sq.m)
33,090 JPYsq.m
(0.0358sq.m)
Juuou16,945 JPYsq.m
(0.0258sq.m)
-18,110 JPYsq.m
(0.0285sq.m)
Takahagi13,026 JPYsq.m
(0.0261sq.m)
2,625 JPYsq.m
(0.0800sq.m)
15,730 JPYsq.m
(0.0814sq.m)
Minaminakagou3,000 JPYsq.m
(0.01,600sq.m)
--
Isohara3,562 JPYsq.m
(0.0160sq.m)
-32,294 JPYsq.m
(0.0252sq.m)
Ootsukou-8,278 JPYsq.m
(0.095.0sq.m)
9,289 JPYsq.m
(0.0546sq.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

Takahagi13,026 JPY/sq.m (+396% compared with the previous year)

The average price of Takahagi Land was 13,026 JPY/sq.m. The market value represents an increase of 10,401 JPY (+396.2%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 261.0 sq.m (a -67.4% decrease compared to the 800.0 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 22.2 min in 2018; -26.0%)

Tomobe29,870 JPY/sq.m (+293% compared with the previous year)

The average price of Tomobe Land was 29,870 JPY/sq.m. The market value represents an increase of 22,265 JPY (+292.8%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 3 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 271.7 sq.m (a -68.3% decrease compared to the 856.7 sq.m of last year.).

Toride15,406 JPY/sq.m (-56% compared with the previous year)

The average price of Toride Land was 15,406 JPY/sq.m. The market value represents a decrease of 19,656 JPY (-56.1%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 2 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 133.8 sq.m (a -25.3% decrease compared to the 179.2 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 20.3 min in 2017 and 46.0 min in 2018; +126.2%)

Fujishiro16,002 JPY/sq.m (-46% compared with the previous year)

The average price of Fujishiro Land was 16,002 JPY/sq.m. The market value represents a decrease of 13,598 JPY (-45.9%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 1 (+20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 703.3 sq.m (a +4.5% increase compared to the 673.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 20.6 min in 2017 and 23.8 min in 2018; +15.7%)

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)