JR Joban Line railway market report

JR Joban Line Land market overview

The average price of JR Joban Line (Toride to Ootsukou) Land, in Apr, 2019 to Jun, 2019 was 22,644 JPY/sq.m. The market value represents a decrease of 4,036 JPY (-15.1%) compared to 1 year ago and a transition to a weak market. 137 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 460.9 sq.m (a -12.6% decrease compared to the 527.3 sq.m of last year.).

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

9 stations have experienced increased prices; 7 stations have experienced decreased prices. Market value of most stations decreased. Ushiku, Tsuchiura, Kanndatsu, Oomika station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Hitachi station, where prices have increased +127.3% compared to last year; a sq.m unit now costs 51,900 JPY/sq.m.

The top 2 stations has seen prices increase +96.9% (+19,963 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -55.2% (-25,549 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 36.0 min in 2018 and 44.6 min in 2019; +24.0%)
  • A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.5% of total transactions in 2018 and 1.5% of total transactions in 2019)

Land stations market overview

The average price of Hitachi Land, the highest market value along this railway was 51,900 JPY/sq.m. The market value represents an increase of 29,062 JPY (+127.3%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands (It was the same as last year.).

The average price of Tomobe Land, the lowest market value along this railway was 16,025 JPY/sq.m. The market value represents a decrease of 3,975 JPY (-19.9%) compared to 1 year ago and a transition to a weak market. 6 properties exchanged hands ( The market value represents an increase of 5 (+500.0%) 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.)
Toride25,848 JPYsq.m
(0.0232sq.m)
22,363 JPYsq.m
(0.0163sq.m)
-
Fujishiro-5,183 JPYsq.m
(0.0916sq.m)
-
Sanuki-19,185 JPYsq.m
(0.0278sq.m)
31,146 JPYsq.m
(0.0225sq.m)
Ushiku21,867 JPYsq.m
(0.0341sq.m)
14,731 JPYsq.m
(0.0437sq.m)
10,714 JPYsq.m
(0.0315sq.m)
Hitachinoushiku17,600 JPYsq.m
(0.0212sq.m)
56,438 JPYsq.m
(0.0396sq.m)
-
Arakawaoki16,476 JPYsq.m
(0.0556sq.m)
23,713 JPYsq.m
(0.0537sq.m)
40,714 JPYsq.m
(0.0285sq.m)
Tsuchiura30,492 JPYsq.m
(0.0326sq.m)
18,772 JPYsq.m
(0.0775sq.m)
16,040 JPYsq.m
(0.0205sq.m)
Kanndatsu17,540 JPYsq.m
(0.0580sq.m)
12,022 JPYsq.m
(0.0845sq.m)
-
Takahama10,273 JPYsq.m
(0.0557sq.m)
-15,269 JPYsq.m
(0.0852sq.m)
Ishioka9,066 JPYsq.m
(0.0520sq.m)
-12,557 JPYsq.m
(0.0447sq.m)
Hatori5,569 JPYsq.m
(0.0552sq.m)
--
Iwama6,167 JPYsq.m
(0.0120sq.m)
--
Tomobe16,025 JPYsq.m
(0.0660sq.m)
20,000 JPYsq.m
(0.0250sq.m)
-
Uchihara16,690 JPYsq.m
(0.0175sq.m)
-60,869 JPYsq.m
(0.0230sq.m)
Akatsuka20,604 JPYsq.m
(0.0675sq.m)
31,720 JPYsq.m
(0.0310sq.m)
-
Kairakuenn---
Mito31,179 JPYsq.m
(0.0368sq.m)
40,189 JPYsq.m
(0.0425sq.m)
30,656 JPYsq.m
(0.0232sq.m)
Katsuta17,200 JPYsq.m
(0.0250sq.m)
29,461 JPYsq.m
(0.0597sq.m)
30,952 JPYsq.m
(0.0205sq.m)
Sawa32,098 JPYsq.m
(0.0285sq.m)
28,159 JPYsq.m
(0.0320sq.m)
-
Toukai28,381 JPYsq.m
(0.0770sq.m)
24,225 JPYsq.m
(0.0761sq.m)
-
Oomika27,170 JPYsq.m
(0.0372sq.m)
16,306 JPYsq.m
(0.0176sq.m)
29,230 JPYsq.m
(0.01,300sq.m)
Hitachitaga33,070 JPYsq.m
(0.0367sq.m)
29,083 JPYsq.m
(0.0429sq.m)
54,545 JPYsq.m
(0.0220sq.m)
Hitachi51,900 JPYsq.m
(0.0394sq.m)
22,838 JPYsq.m
(0.0932sq.m)
-
Ogitsu25,000 JPYsq.m
(0.0600sq.m)
40,740 JPYsq.m
(0.0270sq.m)
-
Juuou-1,428 JPYsq.m
(0.0350sq.m)
35,483 JPYsq.m
(0.0310sq.m)
Takahagi-12,292 JPYsq.m
(0.0390sq.m)
3,040 JPYsq.m
(0.0125sq.m)
Minaminakagou8,288 JPYsq.m
(0.0445sq.m)
--
Isohara11,095 JPYsq.m
(0.0280sq.m)
-31,666 JPYsq.m
(0.0240sq.m)
Ootsukou15,714 JPYsq.m
(0.0210sq.m)
-3,025 JPYsq.m
(0.0195sq.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

Hitachi51,900 JPY/sq.m (+127% compared with the previous year)

The average price of Hitachi Land was 51,900 JPY/sq.m. The market value represents an increase of 29,062 JPY (+127.3%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 394.2 sq.m (a -57.7% decrease compared to the 931.7 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 26.2 min in 2018 and 21.7 min in 2019; -17.2%)

Oomika27,170 JPY/sq.m (+67% compared with the previous year)

The average price of Oomika Land was 27,170 JPY/sq.m. The market value represents an increase of 10,864 JPY (+66.6%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 2 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 371.7 sq.m (a +110.9% increase compared to the 176.2 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 26.5 min in 2018 and 32.7 min in 2019; +23.3%)

Hitachinoushiku17,600 JPY/sq.m (-69% compared with the previous year)

The average price of Hitachinoushiku Land was 17,600 JPY/sq.m. The market value represents a decrease of 38,838 JPY (-68.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 3 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 211.7 sq.m (a -46.5% decrease compared to the 395.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 31.3 min in 2018 and 50.0 min in 2019; +59.6%)

Katsuta17,200 JPY/sq.m (-42% compared with the previous year)

The average price of Katsuta Land was 17,200 JPY/sq.m. The market value represents a decrease of 12,261 JPY (-41.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 15 (-93.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 250.0 sq.m (a -58.1% decrease compared to the 596.6 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 26.4 min in 2018 and 30.0 min in 2019; +13.5%)

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)