JR Joban Line railway market report

JR Joban Line Land market overview

The average price of JR Joban Line (Toride to Ootsukou) Land, in Jan, 2018 to Dec, 2018 was 22,621 JPY/sq.m. The market value represents a decrease of 1,620 JPY (-6.7%) compared to 1 year ago and a transition to a bear market. 1852 properties exchanged hands ( The market value represents an increase of 73 (+4.1%) compared to 1 year ago and a transition to a some market.).

The average size of the real estate was 460.8 sq.m (a +5.8% increase compared to the 435.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving size for a general family households less than 100 sq.m.

9 stations have experienced increased prices; 19 stations have experienced decreased prices. Market value of most stations decreased. Ishioka, Hatori, Tomobe, Ootsukou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Hatori station, where prices have increased +39.7% compared to last year; a sq.m unit now costs 9,157 JPY/sq.m.

The top 2 stations has seen prices increase +39.5% (+3,394 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -43.4% (-14,939 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 0.3% of total transactions in 2017 and 0.8% of total transactions in 2018)

Land stations market overview

The average price of Hitachinoushiku Land, the highest market value along this railway was 36,475 JPY/sq.m. The market value represents a decrease of 2,785 JPY (-7.1%) compared to 1 year ago and a transition to a bear market. 53 properties exchanged hands ( The market value represents a decrease of 5 (-8.6%) compared to 1 year ago and a transition to a bear market.).

The average price of Takahama Land, the lowest market value along this railway was 6,396 JPY/sq.m. The market value represents a decrease of 1,605 JPY (-20.1%) compared to 1 year ago and a transition to a dramatic market. 80 properties exchanged hands ( The market value represents a decrease of 23 (-22.3%) 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.)
Toride25,906 JPYsq.m
(0.0224sq.m)
42,711 JPYsq.m
(0.0215sq.m)
26,094 JPYsq.m
(0.0593sq.m)
Fujishiro14,441 JPYsq.m
(0.0484sq.m)
27,513 JPYsq.m
(0.0525sq.m)
23,513 JPYsq.m
(0.0402sq.m)
Sanuki21,372 JPYsq.m
(0.0443sq.m)
22,371 JPYsq.m
(0.0353sq.m)
23,246 JPYsq.m
(0.0406sq.m)
Ushiku26,684 JPYsq.m
(0.0381sq.m)
26,659 JPYsq.m
(0.0347sq.m)
28,476 JPYsq.m
(0.0402sq.m)
Hitachinoushiku36,475 JPYsq.m
(0.0497sq.m)
39,259 JPYsq.m
(0.0349sq.m)
49,584 JPYsq.m
(0.0279sq.m)
Arakawaoki19,324 JPYsq.m
(0.0456sq.m)
23,337 JPYsq.m
(0.0462sq.m)
25,567 JPYsq.m
(0.0385sq.m)
Tsuchiura17,455 JPYsq.m
(0.0530sq.m)
21,562 JPYsq.m
(0.0430sq.m)
22,405 JPYsq.m
(0.0527sq.m)
Kanndatsu14,353 JPYsq.m
(0.0576sq.m)
19,854 JPYsq.m
(0.0526sq.m)
19,149 JPYsq.m
(0.0580sq.m)
Takahama6,396 JPYsq.m
(0.0597sq.m)
8,001 JPYsq.m
(0.0589sq.m)
3,977 JPYsq.m
(0.0673sq.m)
Ishioka16,816 JPYsq.m
(0.0470sq.m)
13,745 JPYsq.m
(0.0439sq.m)
15,036 JPYsq.m
(0.0375sq.m)
Hatori9,157 JPYsq.m
(0.0444sq.m)
6,555 JPYsq.m
(0.0560sq.m)
7,401 JPYsq.m
(0.0598sq.m)
Iwama8,010 JPYsq.m
(0.0593sq.m)
7,113 JPYsq.m
(0.0551sq.m)
9,573 JPYsq.m
(0.0475sq.m)
Tomobe24,419 JPYsq.m
(0.0301sq.m)
18,948 JPYsq.m
(0.0466sq.m)
18,113 JPYsq.m
(0.0492sq.m)
Uchihara16,044 JPYsq.m
(0.0527sq.m)
16,698 JPYsq.m
(0.0384sq.m)
11,717 JPYsq.m
(0.0675sq.m)
Akatsuka24,520 JPYsq.m
(0.0434sq.m)
25,846 JPYsq.m
(0.0385sq.m)
28,031 JPYsq.m
(0.0426sq.m)
Kairakuenn--37,634 JPYsq.m
(0.0930sq.m)
Mito31,593 JPYsq.m
(0.0415sq.m)
29,938 JPYsq.m
(0.0466sq.m)
29,833 JPYsq.m
(0.0444sq.m)
Katsuta31,797 JPYsq.m
(0.0459sq.m)
35,640 JPYsq.m
(0.0413sq.m)
35,309 JPYsq.m
(0.0422sq.m)
Sawa27,845 JPYsq.m
(0.0411sq.m)
28,610 JPYsq.m
(0.0480sq.m)
33,584 JPYsq.m
(0.0384sq.m)
Toukai30,136 JPYsq.m
(0.0420sq.m)
30,987 JPYsq.m
(0.0383sq.m)
29,177 JPYsq.m
(0.0455sq.m)
Oomika20,297 JPYsq.m
(0.0563sq.m)
32,983 JPYsq.m
(0.0369sq.m)
26,296 JPYsq.m
(0.0286sq.m)
Hitachitaga33,672 JPYsq.m
(0.0385sq.m)
31,033 JPYsq.m
(0.0426sq.m)
35,740 JPYsq.m
(0.0375sq.m)
Hitachi32,969 JPYsq.m
(0.0410sq.m)
33,670 JPYsq.m
(0.0387sq.m)
33,086 JPYsq.m
(0.0359sq.m)
Ogitsu25,410 JPYsq.m
(0.0338sq.m)
28,019 JPYsq.m
(0.0378sq.m)
29,415 JPYsq.m
(0.0285sq.m)
Juuou21,022 JPYsq.m
(0.0457sq.m)
26,753 JPYsq.m
(0.0352sq.m)
18,511 JPYsq.m
(0.0378sq.m)
Takahagi11,942 JPYsq.m
(0.0505sq.m)
11,361 JPYsq.m
(0.0393sq.m)
14,860 JPYsq.m
(0.0537sq.m)
Minaminakagou8,239 JPYsq.m
(0.0637sq.m)
8,772 JPYsq.m
(0.0446sq.m)
8,915 JPYsq.m
(0.0320sq.m)
Isohara13,441 JPYsq.m
(0.0602sq.m)
16,002 JPYsq.m
(0.0488sq.m)
16,817 JPYsq.m
(0.0433sq.m)
Ootsukou14,849 JPYsq.m
(0.0356sq.m)
10,663 JPYsq.m
(0.0374sq.m)
9,256 JPYsq.m
(0.0586sq.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

Hatori9,157 JPY/sq.m (+40% compared with the previous year)

The average price of Hatori Land was 9,157 JPY/sq.m. The market value represents an increase of 2,602 JPY (+39.7%) compared to 1 year ago and a transition to a dramatic market. 58 properties exchanged hands ( The market value represents a decrease of 5 (-7.9%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 443.6 sq.m (a -20.8% decrease compared to the 560.1 sq.m of last year.).

Ootsukou14,849 JPY/sq.m (+39% compared with the previous year)

The average price of Ootsukou Land was 14,849 JPY/sq.m. The market value represents an increase of 4,186 JPY (+39.3%) compared to 1 year ago and a transition to a dramatic market. 24 properties exchanged hands ( The market value represents an increase of 2 (+9.1%) compared to 1 year ago and a transition to a strong market.).

The average size of the real estate was 356.0 sq.m (a -4.7% decrease compared to the 373.6 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 22.6 min in 2017 and 19.6 min in 2018; -13.3%)

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 9.1% of total transactions in 2017 and 4.2% of total transactions in 2018)

Fujishiro14,441 JPY/sq.m (-48% compared with the previous year)

The average price of Fujishiro Land was 14,441 JPY/sq.m. The market value represents a decrease of 13,073 JPY (-47.5%) compared to 1 year ago and a transition to a dramatic market. 26 properties exchanged hands ( The market value represents an increase of 9 (+52.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 484.4 sq.m (a -7.8% decrease compared to the 525.3 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 26.3 min in 2018; +28.7%)

Toride25,906 JPY/sq.m (-39% compared with the previous year)

The average price of Toride Land was 25,906 JPY/sq.m. The market value represents a decrease of 16,806 JPY (-39.3%) compared to 1 year ago and a transition to a dramatic market. 28 properties exchanged hands ( The market value represents an increase of 5 (+21.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 224.1 sq.m (a +4.3% increase compared to the 214.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 29.9 min in 2017 and 41.8 min in 2018; +39.6%)

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)