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 22,893 JPY/sq.m. The market value represents a decrease of 34 JPY (-0.1%) compared to 1 year ago and a transition to a slight market. 421 properties exchanged hands ( The market value represents a decrease of 10 (-2.3%) compared to 1 year ago and a transition to a slight market.).

The average size of the real estate was 479.2 sq.m (a +1.7% increase compared to the 471.2 sq.m of last year.).

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

14 stations have experienced increased prices; 14 stations have experienced decreased prices. The overall trend was the same as last year. Ushiku, Hitachinoushiku, Tsuchiura, Kanndatsu, Ishioka, Akatsuka, Isohara, Ootsukou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kanndatsu station, where prices have increased +56.0% compared to last year; a sq.m unit now costs 21,480 JPY/sq.m.

The top 2 stations has seen prices increase +55.2% (+6,814 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -67.3% (-18,711 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 3.3% of total transactions in 2018 and 2.1% of total transactions in 2019)

Land stations market overview

The average price of Hitachinoushiku Land, the highest market value along this railway was 55,819 JPY/sq.m. The market value represents an increase of 12,866 JPY (+30.0%) 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 1,764 JPY/sq.m. The market value represents a decrease of 6,572 JPY (-78.8%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 5 (+166.7%) 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.)
Toride24,436 JPYsq.m
(0.0437sq.m)
55,285 JPYsq.m
(0.0236sq.m)
49,700 JPYsq.m
(0.0274sq.m)
Fujishiro16,764 JPYsq.m
(0.0586sq.m)
20,463 JPYsq.m
(0.0457sq.m)
15,306 JPYsq.m
(0.0980sq.m)
Sanuki26,901 JPYsq.m
(0.0426sq.m)
32,592 JPYsq.m
(0.0300sq.m)
28,143 JPYsq.m
(0.0223sq.m)
Ushiku28,074 JPYsq.m
(0.0328sq.m)
21,955 JPYsq.m
(0.0369sq.m)
22,921 JPYsq.m
(0.0358sq.m)
Hitachinoushiku55,819 JPYsq.m
(0.0489sq.m)
42,953 JPYsq.m
(0.0513sq.m)
39,808 JPYsq.m
(0.0434sq.m)
Arakawaoki15,640 JPYsq.m
(0.0626sq.m)
19,350 JPYsq.m
(0.0460sq.m)
25,689 JPYsq.m
(0.0491sq.m)
Tsuchiura18,190 JPYsq.m
(0.0450sq.m)
14,103 JPYsq.m
(0.0600sq.m)
17,214 JPYsq.m
(0.0608sq.m)
Kanndatsu21,480 JPYsq.m
(0.0656sq.m)
13,767 JPYsq.m
(0.0712sq.m)
14,292 JPYsq.m
(0.0618sq.m)
Takahama3,995 JPYsq.m
(0.0679sq.m)
3,549 JPYsq.m
(0.0610sq.m)
8,403 JPYsq.m
(0.0550sq.m)
Ishioka19,298 JPYsq.m
(0.0639sq.m)
13,912 JPYsq.m
(0.0558sq.m)
14,205 JPYsq.m
(0.0548sq.m)
Hatori10,315 JPYsq.m
(0.0672sq.m)
9,663 JPYsq.m
(0.0398sq.m)
2,535 JPYsq.m
(0.0775sq.m)
Iwama8,523 JPYsq.m
(0.0792sq.m)
15,051 JPYsq.m
(0.0772sq.m)
6,667 JPYsq.m
(0.01,500sq.m)
Tomobe15,710 JPYsq.m
(0.0651sq.m)
22,500 JPYsq.m
(0.0237sq.m)
22,881 JPYsq.m
(0.0416sq.m)
Uchihara10,199 JPYsq.m
(0.0469sq.m)
16,970 JPYsq.m
(0.0530sq.m)
11,379 JPYsq.m
(0.0436sq.m)
Akatsuka31,950 JPYsq.m
(0.0342sq.m)
26,528 JPYsq.m
(0.0407sq.m)
26,763 JPYsq.m
(0.0305sq.m)
Kairakuenn---
Mito29,935 JPYsq.m
(0.0382sq.m)
33,679 JPYsq.m
(0.0424sq.m)
24,359 JPYsq.m
(0.0607sq.m)
Katsuta36,292 JPYsq.m
(0.0446sq.m)
30,292 JPYsq.m
(0.0396sq.m)
34,861 JPYsq.m
(0.0274sq.m)
Sawa21,979 JPYsq.m
(0.0286sq.m)
32,939 JPYsq.m
(0.0421sq.m)
19,370 JPYsq.m
(0.0512sq.m)
Toukai28,690 JPYsq.m
(0.0378sq.m)
37,678 JPYsq.m
(0.0298sq.m)
35,377 JPYsq.m
(0.0400sq.m)
Oomika33,959 JPYsq.m
(0.0341sq.m)
29,449 JPYsq.m
(0.0248sq.m)
40,313 JPYsq.m
(0.0384sq.m)
Hitachitaga37,613 JPYsq.m
(0.0261sq.m)
35,369 JPYsq.m
(0.0424sq.m)
33,872 JPYsq.m
(0.0448sq.m)
Hitachi25,726 JPYsq.m
(0.0345sq.m)
41,579 JPYsq.m
(0.0383sq.m)
40,100 JPYsq.m
(0.0322sq.m)
Ogitsu18,277 JPYsq.m
(0.0442sq.m)
27,525 JPYsq.m
(0.0152sq.m)
39,885 JPYsq.m
(0.0203sq.m)
Juuou29,797 JPYsq.m
(0.0281sq.m)
25,908 JPYsq.m
(0.0372sq.m)
21,534 JPYsq.m
(0.0358sq.m)
Takahagi9,527 JPYsq.m
(0.0388sq.m)
13,234 JPYsq.m
(0.0577sq.m)
10,235 JPYsq.m
(0.0360sq.m)
Minaminakagou1,764 JPYsq.m
(0.0862sq.m)
8,336 JPYsq.m
(0.0735sq.m)
8,648 JPYsq.m
(0.0560sq.m)
Isohara10,829 JPYsq.m
(0.0480sq.m)
8,145 JPYsq.m
(0.0825sq.m)
26,860 JPYsq.m
(0.0370sq.m)
Ootsukou16,784 JPYsq.m
(0.0310sq.m)
10,870 JPYsq.m
(0.0340sq.m)
15,763 JPYsq.m
(0.0514sq.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

Kanndatsu21,480 JPY/sq.m (+56% compared with the previous year)

The average price of Kanndatsu Land was 21,480 JPY/sq.m. The market value represents an increase of 7,713 JPY (+56.0%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents a decrease of 14 (-56.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 655.6 sq.m (a -7.9% decrease compared to the 712.1 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 45.5 min in 2018 and 62.5 min in 2019; +37.3%)

Ootsukou16,784 JPY/sq.m (+54% compared with the previous year)

The average price of Ootsukou Land was 16,784 JPY/sq.m. The market value represents an increase of 5,914 JPY (+54.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 8 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 310.0 sq.m (a -8.7% decrease compared to the 339.5 sq.m of last year.).

Minaminakagou1,764 JPY/sq.m (-79% compared with the previous year)

The average price of Minaminakagou Land was 1,764 JPY/sq.m. The market value represents a decrease of 6,572 JPY (-78.8%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 5 (+166.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 861.7 sq.m (a +17.2% increase compared to the 735.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.3 min in 2018 and 24.6 min in 2019; +27.4%)

Toride24,436 JPY/sq.m (-56% compared with the previous year)

The average price of Toride Land was 24,436 JPY/sq.m. The market value represents a decrease of 30,850 JPY (-55.8%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 1 (+20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 436.7 sq.m (a +85.0% increase compared to the 236.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 30.6 min in 2018 and 54.2 min in 2019; +77.0%)

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)