JR Joban Line railway market report

JR Joban Line Land market overview

The average price of JR Joban Line (Toride to Ootsukou) Land, in Oct, 2018 to Dec, 2018 was 23,804 JPY/sq.m. The market value represents a decrease of 3,334 JPY (-12.3%) compared to 1 year ago and a transition to a weak market. 217 properties exchanged hands ( The market value represents an increase of 41 (+23.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 549.7 sq.m (a -5.9% decrease compared to the 584.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an increase in transactions involving relatively large size more than 100 sq.m.

12 stations have experienced increased prices; 13 stations have experienced decreased prices. The overall trend was the same as last year. Uchihara, 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 +862.6% compared to last year; a sq.m unit now costs 12,866 JPY/sq.m.

The top 2 stations has seen prices increase +765.0% (+8,047 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -65.7% (-15,846 JPY/sq.m).

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.7% of total transactions in 2017 and 0.9% of total transactions in 2018)

Land stations market overview

The average price of Hitachinoushiku Land, the highest market value along this railway was 46,227 JPY/sq.m. The market value represents an increase of 30,116 JPY (+186.9%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) 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 5,250 JPY/sq.m. The market value represents an increase of 4,566 JPY (+667.5%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 8 (+800.0%) 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.)
Toride10,808 JPYsq.m
(0.0180sq.m)
23,267 JPYsq.m
(0.0188sq.m)
60,000 JPYsq.m
(0.0100sq.m)
Fujishiro6,704 JPYsq.m
(0.0198sq.m)
21,330 JPYsq.m
(0.0416sq.m)
6,658 JPYsq.m
(0.0883sq.m)
Sanuki24,836 JPYsq.m
(0.0252sq.m)
20,722 JPYsq.m
(0.0350sq.m)
17,032 JPYsq.m
(0.0635sq.m)
Ushiku35,598 JPYsq.m
(0.0338sq.m)
16,871 JPYsq.m
(0.0452sq.m)
22,691 JPYsq.m
(0.0455sq.m)
Hitachinoushiku46,227 JPYsq.m
(0.0320sq.m)
16,111 JPYsq.m
(0.01,132sq.m)
49,266 JPYsq.m
(0.0341sq.m)
Arakawaoki20,432 JPYsq.m
(0.0533sq.m)
25,690 JPYsq.m
(0.0613sq.m)
20,252 JPYsq.m
(0.0622sq.m)
Tsuchiura20,779 JPYsq.m
(0.0959sq.m)
37,681 JPYsq.m
(0.0447sq.m)
29,217 JPYsq.m
(0.0682sq.m)
Kanndatsu16,557 JPYsq.m
(0.0522sq.m)
2,439 JPYsq.m
(0.01,410sq.m)
20,331 JPYsq.m
(0.0820sq.m)
Takahama5,250 JPYsq.m
(0.01,154sq.m)
684 JPYsq.m
(0.01,900sq.m)
2,584 JPYsq.m
(0.0928sq.m)
Ishioka-10,313 JPYsq.m
(0.01,140sq.m)
10,176 JPYsq.m
(0.0616sq.m)
Hatori-5,752 JPYsq.m
(0.0652sq.m)
5,670 JPYsq.m
(0.0560sq.m)
Iwama6,000 JPYsq.m
(0.0292sq.m)
2,906 JPYsq.m
(0.0797sq.m)
7,769 JPYsq.m
(0.0729sq.m)
Tomobe16,662 JPYsq.m
(0.0723sq.m)
18,109 JPYsq.m
(0.0873sq.m)
12,596 JPYsq.m
(0.0556sq.m)
Uchihara23,465 JPYsq.m
(0.0387sq.m)
17,011 JPYsq.m
(0.0190sq.m)
11,120 JPYsq.m
(0.0947sq.m)
Akatsuka22,600 JPYsq.m
(0.0891sq.m)
29,039 JPYsq.m
(0.0450sq.m)
25,439 JPYsq.m
(0.0486sq.m)
Kairakuenn---
Mito31,911 JPYsq.m
(0.0399sq.m)
45,015 JPYsq.m
(0.0681sq.m)
34,415 JPYsq.m
(0.0542sq.m)
Katsuta33,546 JPYsq.m
(0.0442sq.m)
33,775 JPYsq.m
(0.0642sq.m)
37,549 JPYsq.m
(0.0281sq.m)
Sawa24,607 JPYsq.m
(0.0371sq.m)
35,166 JPYsq.m
(0.0672sq.m)
15,181 JPYsq.m
(0.0630sq.m)
Toukai18,050 JPYsq.m
(0.0680sq.m)
34,047 JPYsq.m
(0.0521sq.m)
25,079 JPYsq.m
(0.0729sq.m)
Oomika19,468 JPYsq.m
(0.0651sq.m)
33,982 JPYsq.m
(0.0255sq.m)
32,043 JPYsq.m
(0.0361sq.m)
Hitachitaga34,823 JPYsq.m
(0.0479sq.m)
33,256 JPYsq.m
(0.0559sq.m)
36,119 JPYsq.m
(0.0495sq.m)
Hitachi28,986 JPYsq.m
(0.0277sq.m)
7,904 JPYsq.m
(0.0385sq.m)
36,670 JPYsq.m
(0.0247sq.m)
Ogitsu30,012 JPYsq.m
(0.0337sq.m)
29,636 JPYsq.m
(0.0210sq.m)
40,833 JPYsq.m
(0.0260sq.m)
Juuou21,484 JPYsq.m
(0.0640sq.m)
24,762 JPYsq.m
(0.0223sq.m)
-
Takahagi10,134 JPYsq.m
(0.0744sq.m)
27,200 JPYsq.m
(0.0250sq.m)
18,000 JPYsq.m
(0.0586sq.m)
Minaminakagou7,440 JPYsq.m
(0.0587sq.m)
-5,556 JPYsq.m
(0.0843sq.m)
Isohara12,866 JPYsq.m
(0.0664sq.m)
1,337 JPYsq.m
(0.01,084sq.m)
14,582 JPYsq.m
(0.0781sq.m)
Ootsukou19,198 JPYsq.m
(0.0438sq.m)
13,793 JPYsq.m
(0.0290sq.m)
8,135 JPYsq.m
(0.0828sq.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

Isohara12,866 JPY/sq.m (+863% compared with the previous year)

The average price of Isohara Land was 12,866 JPY/sq.m. The market value represents an increase of 11,529 JPY (+862.6%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 5 (+125.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 664.4 sq.m (a -38.7% decrease compared to the 1083.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 41.2 min in 2017 and 27.0 min in 2018; -34.5%)

Takahama5,250 JPY/sq.m (+667% compared with the previous year)

The average price of Takahama Land was 5,250 JPY/sq.m. The market value represents an increase of 4,566 JPY (+667.5%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 8 (+800.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1153.9 sq.m (a -39.3% decrease compared to the 1900.0 sq.m of last year.).

Fujishiro6,704 JPY/sq.m (-69% compared with the previous year)

The average price of Fujishiro Land was 6,704 JPY/sq.m. The market value represents a decrease of 14,625 JPY (-68.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 197.5 sq.m (a -52.6% decrease compared to the 416.2 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.2 min in 2017 and 30.0 min in 2018; +55.8%)

Takahagi10,134 JPY/sq.m (-63% compared with the previous year)

The average price of Takahagi Land was 10,134 JPY/sq.m. The market value represents a decrease of 17,066 JPY (-62.7%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents an increase of 11 (+1100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 744.2 sq.m (a +197.7% increase compared to the 250.0 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)