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 21,412 JPY/sq.m. The market value represents a decrease of 3,394 JPY (-13.7%) compared to 1 year ago and a transition to a weak market. 542 properties exchanged hands ( The market value represents an increase of 65 (+13.6%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 490.5 sq.m (a +8.3% increase compared to the 453.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a some increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

10 stations have experienced increased prices; 17 stations have experienced decreased prices. Market value of most stations decreased. Sanuki, Ushiku, Ishioka, Hatori, Uchihara, Ogitsu, 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 +155.3% compared to last year; a sq.m unit now costs 14,846 JPY/sq.m.

The top 2 stations has seen prices increase +120.3% (+8,936 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -49.2% (-10,240 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 0.2% of total transactions in 2017 and 0.7% of total transactions in 2018)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 40.0 min in 2017 and 49.1 min in 2018; +22.8%)
  • A dramatic decrease 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 1.1% of total transactions in 2018)

Land stations market overview

The average price of Hitachitaga Land, the highest market value along this railway was 35,303 JPY/sq.m. The market value represents a decrease of 991 JPY (-2.7%) compared to 1 year ago and a transition to a slight market. 12 properties exchanged hands ( The market value represents a decrease of 1 (-7.7%) compared to 1 year ago and a transition to a bear market.).

The average price of Iwama Land, the lowest market value along this railway was 4,913 JPY/sq.m. The market value represents a decrease of 4,539 JPY (-48.0%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 2 (-25.0%) 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.)
Toride17,984 JPYsq.m
(0.0211sq.m)
30,486 JPYsq.m
(0.0182sq.m)
44,134 JPYsq.m
(0.0153sq.m)
Fujishiro14,644 JPYsq.m
(0.0192sq.m)
26,094 JPYsq.m
(0.0405sq.m)
13,188 JPYsq.m
(0.0519sq.m)
Sanuki30,468 JPYsq.m
(0.0235sq.m)
23,889 JPYsq.m
(0.0318sq.m)
18,630 JPYsq.m
(0.0473sq.m)
Ushiku31,961 JPYsq.m
(0.0412sq.m)
20,859 JPYsq.m
(0.0392sq.m)
24,925 JPYsq.m
(0.0360sq.m)
Hitachinoushiku34,147 JPYsq.m
(0.0294sq.m)
49,950 JPYsq.m
(0.0227sq.m)
47,164 JPYsq.m
(0.0236sq.m)
Arakawaoki17,559 JPYsq.m
(0.0471sq.m)
19,358 JPYsq.m
(0.0561sq.m)
20,250 JPYsq.m
(0.0377sq.m)
Tsuchiura18,025 JPYsq.m
(0.0542sq.m)
25,181 JPYsq.m
(0.0423sq.m)
28,310 JPYsq.m
(0.0556sq.m)
Kanndatsu14,163 JPYsq.m
(0.0611sq.m)
18,787 JPYsq.m
(0.0516sq.m)
16,699 JPYsq.m
(0.0634sq.m)
Takahama7,481 JPYsq.m
(0.0678sq.m)
8,624 JPYsq.m
(0.0852sq.m)
2,564 JPYsq.m
(0.0584sq.m)
Ishioka12,920 JPYsq.m
(0.0539sq.m)
9,457 JPYsq.m
(0.0560sq.m)
10,567 JPYsq.m
(0.0409sq.m)
Hatori11,793 JPYsq.m
(0.0471sq.m)
9,490 JPYsq.m
(0.0516sq.m)
5,670 JPYsq.m
(0.0560sq.m)
Iwama4,913 JPYsq.m
(0.0261sq.m)
9,452 JPYsq.m
(0.0538sq.m)
7,769 JPYsq.m
(0.0305sq.m)
Tomobe20,089 JPYsq.m
(0.0515sq.m)
18,217 JPYsq.m
(0.0387sq.m)
13,080 JPYsq.m
(0.0525sq.m)
Uchihara22,332 JPYsq.m
(0.0346sq.m)
18,314 JPYsq.m
(0.0279sq.m)
10,592 JPYsq.m
(0.0768sq.m)
Akatsuka24,375 JPYsq.m
(0.0522sq.m)
22,426 JPYsq.m
(0.0406sq.m)
28,298 JPYsq.m
(0.0440sq.m)
Kairakuenn---
Mito27,305 JPYsq.m
(0.0415sq.m)
31,849 JPYsq.m
(0.0484sq.m)
31,804 JPYsq.m
(0.0419sq.m)
Katsuta31,680 JPYsq.m
(0.0422sq.m)
36,087 JPYsq.m
(0.0511sq.m)
32,667 JPYsq.m
(0.0375sq.m)
Sawa25,817 JPYsq.m
(0.0411sq.m)
30,173 JPYsq.m
(0.0390sq.m)
15,181 JPYsq.m
(0.0630sq.m)
Toukai22,870 JPYsq.m
(0.0506sq.m)
29,531 JPYsq.m
(0.0415sq.m)
24,757 JPYsq.m
(0.0554sq.m)
Oomika15,705 JPYsq.m
(0.0816sq.m)
31,646 JPYsq.m
(0.0282sq.m)
32,679 JPYsq.m
(0.0338sq.m)
Hitachitaga35,303 JPYsq.m
(0.0440sq.m)
36,294 JPYsq.m
(0.0610sq.m)
37,127 JPYsq.m
(0.0316sq.m)
Hitachi28,986 JPYsq.m
(0.0277sq.m)
36,735 JPYsq.m
(0.0382sq.m)
36,587 JPYsq.m
(0.0310sq.m)
Ogitsu27,916 JPYsq.m
(0.0388sq.m)
22,883 JPYsq.m
(0.0353sq.m)
42,531 JPYsq.m
(0.0235sq.m)
Juuou19,174 JPYsq.m
(0.0658sq.m)
26,572 JPYsq.m
(0.0230sq.m)
2,432 JPYsq.m
(0.0740sq.m)
Takahagi7,804 JPYsq.m
(0.0641sq.m)
11,801 JPYsq.m
(0.0459sq.m)
14,522 JPYsq.m
(0.0492sq.m)
Minaminakagou7,626 JPYsq.m
(0.0495sq.m)
-5,556 JPYsq.m
(0.0265sq.m)
Isohara14,846 JPYsq.m
(0.0599sq.m)
5,816 JPYsq.m
(0.0782sq.m)
15,906 JPYsq.m
(0.0532sq.m)
Ootsukou19,199 JPYsq.m
(0.0438sq.m)
10,358 JPYsq.m
(0.0340sq.m)
7,748 JPYsq.m
(0.0762sq.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

Isohara14,846 JPY/sq.m (+155% compared with the previous year)

The average price of Isohara Land was 14,846 JPY/sq.m. The market value represents an increase of 9,031 JPY (+155.3%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents an increase of 5 (+83.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 599.0 sq.m (a -23.4% decrease compared to the 782.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 34.8 min in 2017 and 22.8 min in 2018; -34.5%)

Ootsukou19,199 JPY/sq.m (+85% compared with the previous year)

The average price of Ootsukou Land was 19,199 JPY/sq.m. The market value represents an increase of 8,841 JPY (+85.4%) 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 437.5 sq.m (a +28.7% increase compared to the 340.0 sq.m of last year.).

Oomika15,705 JPY/sq.m (-50% compared with the previous year)

The average price of Oomika Land was 15,705 JPY/sq.m. The market value represents a decrease of 15,941 JPY (-50.4%) compared to 1 year ago and a transition to a dramatic market. 33 properties exchanged hands ( The market value represents an increase of 21 (+175.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 816.0 sq.m (a +189.3% increase compared to the 282.1 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 23.5 min in 2017 and 44.6 min in 2018; +89.7%)

Iwama4,913 JPY/sq.m (-48% compared with the previous year)

The average price of Iwama Land was 4,913 JPY/sq.m. The market value represents a decrease of 4,539 JPY (-48.0%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 2 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 261.2 sq.m (a -51.4% decrease compared to the 537.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 34.8 min in 2017 and 80.0 min in 2018; +130.2%)

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)