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 23,673 JPY/sq.m. The market value represents a decrease of 857 JPY (-3.5%) compared to 1 year ago and a transition to a some market. 432 properties exchanged hands ( The market value represents an increase of 9 (+2.1%) compared to 1 year ago and a transition to a slight market.).

The average size of the real estate was 441.6 sq.m (a +6.6% increase compared to the 414.4 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.

17 stations have experienced increased prices; 11 stations have experienced decreased prices. The overall trend was the same as last year. Sanuki, Tsuchiura, Takahama, Iwama, Tomobe, Hitachi, Ogitsu, Takahagi, Ootsukou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Isohara station, where prices have increased +100.5% compared to last year; a sq.m unit now costs 18,710 JPY/sq.m.

The top 2 stations has seen prices increase +92.8% (+8,963 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -60.8% (-14,231 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 0.5% of total transactions in 2017 and 1.2% of total transactions in 2018)

Land stations market overview

The average price of Hitachi Land, the highest market value along this railway was 43,425 JPY/sq.m. The market value represents an increase of 12,277 JPY (+39.4%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents a decrease of 1 (-9.1%) compared to 1 year ago and a transition to a bear market.).

The average price of Minaminakagou Land, the lowest market value along this railway was 3,000 JPY/sq.m. The market value represents a decrease of 6,143 JPY (-67.2%) compared to 1 year ago and a transition to a dramatic market. 2 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.)
Toride18,649 JPYsq.m
(0.0278sq.m)
40,969 JPYsq.m
(0.0191sq.m)
14,142 JPYsq.m
(0.01,130sq.m)
Fujishiro15,441 JPYsq.m
(0.0363sq.m)
29,601 JPYsq.m
(0.0673sq.m)
27,219 JPYsq.m
(0.0265sq.m)
Sanuki33,721 JPYsq.m
(0.0285sq.m)
20,196 JPYsq.m
(0.0260sq.m)
23,410 JPYsq.m
(0.0303sq.m)
Ushiku28,712 JPYsq.m
(0.0423sq.m)
35,034 JPYsq.m
(0.0332sq.m)
30,818 JPYsq.m
(0.0458sq.m)
Hitachinoushiku29,424 JPYsq.m
(0.0719sq.m)
25,194 JPYsq.m
(0.0396sq.m)
40,903 JPYsq.m
(0.0312sq.m)
Arakawaoki20,396 JPYsq.m
(0.0413sq.m)
23,896 JPYsq.m
(0.0425sq.m)
21,723 JPYsq.m
(0.0475sq.m)
Tsuchiura18,853 JPYsq.m
(0.0486sq.m)
12,469 JPYsq.m
(0.0384sq.m)
15,635 JPYsq.m
(0.0495sq.m)
Kanndatsu12,817 JPYsq.m
(0.0540sq.m)
24,871 JPYsq.m
(0.0445sq.m)
16,822 JPYsq.m
(0.0822sq.m)
Takahama10,051 JPYsq.m
(0.0590sq.m)
5,885 JPYsq.m
(0.0625sq.m)
4,103 JPYsq.m
(0.0815sq.m)
Ishioka17,962 JPYsq.m
(0.0336sq.m)
16,227 JPYsq.m
(0.0322sq.m)
16,884 JPYsq.m
(0.0396sq.m)
Hatori7,800 JPYsq.m
(0.0445sq.m)
6,753 JPYsq.m
(0.0523sq.m)
7,585 JPYsq.m
(0.0514sq.m)
Iwama6,257 JPYsq.m
(0.0888sq.m)
5,092 JPYsq.m
(0.0416sq.m)
5,947 JPYsq.m
(0.0840sq.m)
Tomobe26,026 JPYsq.m
(0.0254sq.m)
20,033 JPYsq.m
(0.0642sq.m)
33,129 JPYsq.m
(0.0469sq.m)
Uchihara11,561 JPYsq.m
(0.0575sq.m)
12,481 JPYsq.m
(0.0414sq.m)
6,184 JPYsq.m
(0.0409sq.m)
Akatsuka22,368 JPYsq.m
(0.0486sq.m)
31,181 JPYsq.m
(0.0389sq.m)
29,920 JPYsq.m
(0.0365sq.m)
Kairakuenn---
Mito31,893 JPYsq.m
(0.0396sq.m)
30,144 JPYsq.m
(0.0392sq.m)
32,533 JPYsq.m
(0.0511sq.m)
Katsuta33,405 JPYsq.m
(0.0497sq.m)
35,338 JPYsq.m
(0.0394sq.m)
39,370 JPYsq.m
(0.0510sq.m)
Sawa29,083 JPYsq.m
(0.0408sq.m)
28,898 JPYsq.m
(0.0554sq.m)
27,091 JPYsq.m
(0.0463sq.m)
Toukai34,327 JPYsq.m
(0.0453sq.m)
34,296 JPYsq.m
(0.0398sq.m)
27,188 JPYsq.m
(0.0416sq.m)
Oomika21,485 JPYsq.m
(0.0442sq.m)
30,560 JPYsq.m
(0.0212sq.m)
26,947 JPYsq.m
(0.0248sq.m)
Hitachitaga35,391 JPYsq.m
(0.0334sq.m)
31,448 JPYsq.m
(0.0327sq.m)
35,634 JPYsq.m
(0.0441sq.m)
Hitachi43,425 JPYsq.m
(0.0472sq.m)
31,148 JPYsq.m
(0.0446sq.m)
29,448 JPYsq.m
(0.0413sq.m)
Ogitsu33,974 JPYsq.m
(0.0325sq.m)
23,184 JPYsq.m
(0.0742sq.m)
31,144 JPYsq.m
(0.0314sq.m)
Juuou15,915 JPYsq.m
(0.0278sq.m)
26,357 JPYsq.m
(0.0470sq.m)
18,111 JPYsq.m
(0.0285sq.m)
Takahagi18,603 JPYsq.m
(0.0231sq.m)
10,056 JPYsq.m
(0.0467sq.m)
18,557 JPYsq.m
(0.0380sq.m)
Minaminakagou3,000 JPYsq.m
(0.01,200sq.m)
9,143 JPYsq.m
(0.0105sq.m)
9,288 JPYsq.m
(0.0510sq.m)
Isohara18,710 JPYsq.m
(0.0200sq.m)
9,330 JPYsq.m
(0.0442sq.m)
18,126 JPYsq.m
(0.0317sq.m)
Ootsukou16,317 JPYsq.m
(0.0297sq.m)
11,705 JPYsq.m
(0.0230sq.m)
9,889 JPYsq.m
(0.0597sq.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

Isohara18,710 JPY/sq.m (+101% compared with the previous year)

The average price of Isohara Land was 18,710 JPY/sq.m. The market value represents an increase of 9,379 JPY (+100.5%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 200.0 sq.m (a -54.8% decrease compared to the 442.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 37.8 min in 2017 and 23.0 min in 2018; -39.2%)

Takahagi18,603 JPY/sq.m (+85% compared with the previous year)

The average price of Takahagi Land was 18,603 JPY/sq.m. The market value represents an increase of 8,547 JPY (+85.0%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 6 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 231.1 sq.m (a -50.5% decrease compared to the 466.7 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 22.3 min in 2017 and 18.3 min in 2018; -17.9%)

Minaminakagou3,000 JPY/sq.m (-67% compared with the previous year)

The average price of Minaminakagou Land was 3,000 JPY/sq.m. The market value represents a decrease of 6,143 JPY (-67.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 1200.0 sq.m (a +1042.9% increase compared to the 105.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 35.5 min in 2017 and 18.5 min in 2018; -47.9%)

Toride18,649 JPY/sq.m (-54% compared with the previous year)

The average price of Toride Land was 18,649 JPY/sq.m. The market value represents a decrease of 22,320 JPY (-54.5%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 278.1 sq.m (a +45.9% increase compared to the 190.6 sq.m of last year.).


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)