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, 2019 to Mar, 2019 was 21,221 JPY/sq.m. The market value represents a decrease of 1,456 JPY (-6.4%) compared to 1 year ago and a transition to a bear market. 257 properties exchanged hands ( The market value represents an increase of 25 (+10.8%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 626.4 sq.m (a +7.8% increase compared to the 580.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

15 stations have experienced increased prices; 13 stations have experienced decreased prices. The overall trend was the same as last year. Ushiku, Arakawaoki, Tsuchiura, Kanndatsu, Takahama, Ishioka, Katsuta, 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 +104.7% compared to last year; a sq.m unit now costs 14,067 JPY/sq.m.

The top 2 stations has seen prices increase +74.2% (+8,124 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -86.2% (-20,462 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 2.6% of total transactions in 2018 and 1.9% of total transactions in 2019)

Land stations market overview

The average price of Hitachinoushiku Land, the highest market value along this railway was 41,028 JPY/sq.m. The market value represents an increase of 5,941 JPY (+16.9%) compared to 1 year ago and a transition to a bull market. 6 properties exchanged hands ( The market value represents a decrease of 1 (-14.3%) compared to 1 year ago and a transition to a weak market.).

The average price of Minaminakagou Land, the lowest market value along this railway was 1,764 JPY/sq.m. The market value represents a decrease of 14,452 JPY (-89.1%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 7 (+700.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Joban Line (Stations Land market overview)
JR Joban LineThis year(2019)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Toride28,422 JPYsq.m
(0.0484sq.m)
43,707 JPYsq.m
(0.0205sq.m)
-
Fujishiro11,604 JPYsq.m
(0.0975sq.m)
15,110 JPYsq.m
(0.0512sq.m)
-
Sanuki25,622 JPYsq.m
(0.0374sq.m)
30,294 JPYsq.m
(0.0312sq.m)
16,000 JPYsq.m
(0.0644sq.m)
Ushiku29,759 JPYsq.m
(0.0454sq.m)
20,707 JPYsq.m
(0.0335sq.m)
21,627 JPYsq.m
(0.0497sq.m)
Hitachinoushiku41,028 JPYsq.m
(0.0614sq.m)
35,087 JPYsq.m
(0.0704sq.m)
37,584 JPYsq.m
(0.0634sq.m)
Arakawaoki16,622 JPYsq.m
(0.0633sq.m)
13,402 JPYsq.m
(0.0775sq.m)
30,498 JPYsq.m
(0.0441sq.m)
Tsuchiura16,174 JPYsq.m
(0.0717sq.m)
12,470 JPYsq.m
(0.0962sq.m)
10,513 JPYsq.m
(0.0992sq.m)
Kanndatsu16,010 JPYsq.m
(0.0300sq.m)
11,839 JPYsq.m
(0.01,173sq.m)
16,003 JPYsq.m
(0.0603sq.m)
Takahama2,894 JPYsq.m
(0.01,031sq.m)
2,329 JPYsq.m
(0.0867sq.m)
5,284 JPYsq.m
(0.0763sq.m)
Ishioka21,755 JPYsq.m
(0.0640sq.m)
17,610 JPYsq.m
(0.0587sq.m)
10,641 JPYsq.m
(0.0478sq.m)
Hatori12,699 JPYsq.m
(0.0748sq.m)
10,961 JPYsq.m
(0.0449sq.m)
2,726 JPYsq.m
(0.0767sq.m)
Iwama18,888 JPYsq.m
(0.01,135sq.m)
16,876 JPYsq.m
(0.0815sq.m)
-
Tomobe9,942 JPYsq.m
(0.0886sq.m)
22,500 JPYsq.m
(0.0237sq.m)
26,901 JPYsq.m
(0.0560sq.m)
Uchihara3,515 JPYsq.m
(0.0610sq.m)
13,538 JPYsq.m
(0.0650sq.m)
14,252 JPYsq.m
(0.0468sq.m)
Akatsuka31,341 JPYsq.m
(0.0546sq.m)
26,223 JPYsq.m
(0.0543sq.m)
29,713 JPYsq.m
(0.0452sq.m)
Kairakuenn---
Mito31,031 JPYsq.m
(0.0566sq.m)
38,484 JPYsq.m
(0.0400sq.m)
30,095 JPYsq.m
(0.0385sq.m)
Katsuta32,206 JPYsq.m
(0.0436sq.m)
23,719 JPYsq.m
(0.0529sq.m)
25,178 JPYsq.m
(0.0212sq.m)
Sawa23,997 JPYsq.m
(0.0265sq.m)
40,693 JPYsq.m
(0.0593sq.m)
12,098 JPYsq.m
(0.01,073sq.m)
Toukai5,306 JPYsq.m
(0.0997sq.m)
31,778 JPYsq.m
(0.0329sq.m)
36,840 JPYsq.m
(0.0805sq.m)
Oomika26,648 JPYsq.m
(0.0209sq.m)
29,448 JPYsq.m
(0.0248sq.m)
54,256 JPYsq.m
(0.0215sq.m)
Hitachitaga38,252 JPYsq.m
(0.0280sq.m)
32,319 JPYsq.m
(0.0750sq.m)
55,694 JPYsq.m
(0.0345sq.m)
Hitachi22,831 JPYsq.m
(0.0648sq.m)
60,714 JPYsq.m
(0.0140sq.m)
41,926 JPYsq.m
(0.0333sq.m)
Ogitsu13,734 JPYsq.m
(0.0508sq.m)
32,334 JPYsq.m
(0.0270sq.m)
44,000 JPYsq.m
(0.0250sq.m)
Juuou26,482 JPYsq.m
(0.0347sq.m)
26,135 JPYsq.m
(0.0425sq.m)
8,571 JPYsq.m
(0.0140sq.m)
Takahagi8,227 JPYsq.m
(0.0361sq.m)
13,234 JPYsq.m
(0.0577sq.m)
6,126 JPYsq.m
(0.0315sq.m)
Minaminakagou1,764 JPYsq.m
(0.01,146sq.m)
16,216 JPYsq.m
(0.0370sq.m)
8,972 JPYsq.m
(0.01,110sq.m)
Isohara14,067 JPYsq.m
(0.0674sq.m)
6,870 JPYsq.m
(0.0335sq.m)
17,045 JPYsq.m
(0.0440sq.m)
Ootsukou16,784 JPYsq.m
(0.0310sq.m)
12,465 JPYsq.m
(0.0360sq.m)
12,500 JPYsq.m
(0.0160sq.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

Isohara14,067 JPY/sq.m (+105% compared with the previous year)

The average price of Isohara Land was 14,067 JPY/sq.m. The market value represents an increase of 7,196 JPY (+104.7%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 674.0 sq.m (a +101.2% increase compared to the 335.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 22.5 min in 2018 and 29.6 min in 2019; +31.6%)

Ushiku29,759 JPY/sq.m (+44% compared with the previous year)

The average price of Ushiku Land was 29,759 JPY/sq.m. The market value represents an increase of 9,052 JPY (+43.7%) compared to 1 year ago and a transition to a dramatic market. 14 properties exchanged hands ( The market value represents a decrease of 6 (-30.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 453.6 sq.m (a +35.5% increase compared to the 334.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 29.0 min in 2018 and 20.1 min in 2019; -30.8%)

Minaminakagou1,764 JPY/sq.m (-89% compared with the previous year)

The average price of Minaminakagou Land was 1,764 JPY/sq.m. The market value represents a decrease of 14,452 JPY (-89.1%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 7 (+700.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1146.2 sq.m (a +209.8% increase compared to the 370.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.0 min in 2018 and 24.6 min in 2019; +251.8%)

Toukai5,306 JPY/sq.m (-83% compared with the previous year)

The average price of Toukai Land was 5,306 JPY/sq.m. The market value represents a decrease of 26,471 JPY (-83.3%) 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 996.7 sq.m (a +202.9% increase compared to the 329.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 17.4 min in 2018 and 29.7 min in 2019; +70.5%)

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)