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 24,229 JPY/sq.m. The market value represents an increase of 1,755 JPY (+7.8%) compared to 1 year ago and a transition to a strong market. 283 properties exchanged hands ( The market value represents a decrease of 173 (-37.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 433.3 sq.m (a +0.2% increase compared to the 432.5 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.

14 stations have experienced increased prices; 14 stations have experienced decreased prices. The overall trend was the same as last year. Toride, Fujishiro, Ushiku, Tsuchiura, Uchihara, Katsuta, Hitachitaga, Hitachi, Ogitsu station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Sanuki station, where prices have increased +161.0% compared to last year; a sq.m unit now costs 25,331 JPY/sq.m.

The top 2 stations has seen prices increase +121.9% (+10,730 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -66.8% (-10,704 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 2018 and 0.7% of total transactions in 2019)

Causes of price decreases

  • An decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.2% of total transactions in 2018 and 1.8% of total transactions in 2019)

Land stations market overview

The average price of Hitachi Land, the highest market value along this railway was 45,170 JPY/sq.m. The market value represents an increase of 19,782 JPY (+77.9%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 6 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Takahagi Land, the lowest market value along this railway was 2,895 JPY/sq.m. The market value represents a decrease of 9,063 JPY (-75.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) 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.)
Toride33,669 JPYsq.m
(0.0197sq.m)
22,267 JPYsq.m
(0.0169sq.m)
81,081 JPYsq.m
(0.0185sq.m)
Fujishiro12,882 JPYsq.m
(0.0612sq.m)
7,047 JPYsq.m
(0.0947sq.m)
34,076 JPYsq.m
(0.0410sq.m)
Sanuki25,331 JPYsq.m
(0.0363sq.m)
9,706 JPYsq.m
(0.0620sq.m)
20,030 JPYsq.m
(0.0526sq.m)
Ushiku29,796 JPYsq.m
(0.0311sq.m)
22,304 JPYsq.m
(0.0289sq.m)
29,310 JPYsq.m
(0.0292sq.m)
Hitachinoushiku38,049 JPYsq.m
(0.0302sq.m)
41,776 JPYsq.m
(0.0416sq.m)
41,905 JPYsq.m
(0.0311sq.m)
Arakawaoki23,361 JPYsq.m
(0.0441sq.m)
20,621 JPYsq.m
(0.0494sq.m)
24,629 JPYsq.m
(0.0371sq.m)
Tsuchiura25,596 JPYsq.m
(0.0300sq.m)
20,131 JPYsq.m
(0.0476sq.m)
23,502 JPYsq.m
(0.0337sq.m)
Kanndatsu10,507 JPYsq.m
(0.0695sq.m)
16,626 JPYsq.m
(0.0436sq.m)
26,335 JPYsq.m
(0.0435sq.m)
Takahama6,535 JPYsq.m
(0.0557sq.m)
5,589 JPYsq.m
(0.0385sq.m)
9,530 JPYsq.m
(0.0421sq.m)
Ishioka9,015 JPYsq.m
(0.0451sq.m)
21,361 JPYsq.m
(0.0450sq.m)
12,928 JPYsq.m
(0.0384sq.m)
Hatori4,102 JPYsq.m
(0.0597sq.m)
6,563 JPYsq.m
(0.0420sq.m)
7,184 JPYsq.m
(0.0470sq.m)
Iwama4,812 JPYsq.m
(0.0180sq.m)
6,258 JPYsq.m
(0.0378sq.m)
2,022 JPYsq.m
(0.0400sq.m)
Tomobe19,735 JPYsq.m
(0.0532sq.m)
26,469 JPYsq.m
(0.0225sq.m)
15,532 JPYsq.m
(0.0502sq.m)
Uchihara16,690 JPYsq.m
(0.0175sq.m)
12,616 JPYsq.m
(0.0740sq.m)
29,046 JPYsq.m
(0.0423sq.m)
Akatsuka22,327 JPYsq.m
(0.0529sq.m)
24,264 JPYsq.m
(0.0323sq.m)
22,422 JPYsq.m
(0.0434sq.m)
Kairakuenn---
Mito30,543 JPYsq.m
(0.0411sq.m)
31,792 JPYsq.m
(0.0416sq.m)
32,878 JPYsq.m
(0.0380sq.m)
Katsuta38,501 JPYsq.m
(0.0326sq.m)
31,477 JPYsq.m
(0.0487sq.m)
36,752 JPYsq.m
(0.0445sq.m)
Sawa27,383 JPYsq.m
(0.0337sq.m)
26,709 JPYsq.m
(0.0410sq.m)
36,210 JPYsq.m
(0.0438sq.m)
Toukai29,811 JPYsq.m
(0.0530sq.m)
30,503 JPYsq.m
(0.0367sq.m)
24,658 JPYsq.m
(0.0272sq.m)
Oomika28,250 JPYsq.m
(0.0495sq.m)
26,106 JPYsq.m
(0.0212sq.m)
24,433 JPYsq.m
(0.0671sq.m)
Hitachitaga36,730 JPYsq.m
(0.0277sq.m)
27,438 JPYsq.m
(0.0354sq.m)
22,214 JPYsq.m
(0.0336sq.m)
Hitachi45,170 JPYsq.m
(0.0359sq.m)
25,388 JPYsq.m
(0.0450sq.m)
19,208 JPYsq.m
(0.0245sq.m)
Ogitsu35,092 JPYsq.m
(0.0291sq.m)
19,704 JPYsq.m
(0.0384sq.m)
23,103 JPYsq.m
(0.0276sq.m)
Juuou16,824 JPYsq.m
(0.0540sq.m)
18,856 JPYsq.m
(0.0683sq.m)
34,217 JPYsq.m
(0.0430sq.m)
Takahagi2,895 JPYsq.m
(0.0760sq.m)
11,958 JPYsq.m
(0.0363sq.m)
12,702 JPYsq.m
(0.0269sq.m)
Minaminakagou8,288 JPYsq.m
(0.0445sq.m)
11,987 JPYsq.m
(0.0540sq.m)
-
Isohara10,622 JPYsq.m
(0.0290sq.m)
15,542 JPYsq.m
(0.0511sq.m)
16,148 JPYsq.m
(0.0445sq.m)
Ootsukou15,714 JPYsq.m
(0.0210sq.m)
17,419 JPYsq.m
(0.0359sq.m)
8,163 JPYsq.m
(0.0396sq.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

Sanuki25,331 JPY/sq.m (+161% compared with the previous year)

The average price of Sanuki Land was 25,331 JPY/sq.m. The market value represents an increase of 15,625 JPY (+161.0%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents a decrease of 34 (-81.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 363.1 sq.m (a -41.4% decrease compared to the 620.1 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 106.2 min in 2018 and 50.2 min in 2019; -52.7%)

Fujishiro12,882 JPY/sq.m (+83% compared with the previous year)

The average price of Fujishiro Land was 12,882 JPY/sq.m. The market value represents an increase of 5,835 JPY (+82.8%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 2 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 612.5 sq.m (a -35.3% decrease compared to the 946.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 45.0 min in 2018 and 18.8 min in 2019; -58.3%)

Takahagi2,895 JPY/sq.m (-76% compared with the previous year)

The average price of Takahagi Land was 2,895 JPY/sq.m. The market value represents a decrease of 9,063 JPY (-75.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 760.0 sq.m (a +109.2% increase compared to the 363.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 18.3 min in 2018 and 30.0 min in 2019; +63.6%)

Ishioka9,015 JPY/sq.m (-58% compared with the previous year)

The average price of Ishioka Land was 9,015 JPY/sq.m. The market value represents a decrease of 12,345 JPY (-57.8%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents a decrease of 3 (-23.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 450.8 sq.m (a +0.3% increase compared to the 449.6 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 29.7 min in 2018 and 75.5 min in 2019; +154.3%)

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)