JR Joban Line Local Train railway market report

JR Joban Line Local Train Land market overview

The average price of JR Joban Line Local Train (Toride to Toride) Land, in Jan, 2016 to Dec, 2016 was 26,094 JPY/sq.m. The market value represents a decrease of 6,118 JPY (-19.0%) compared to 1 year ago and a transition to a weak market. 19 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 592.8 sq.m (a +45.0% increase compared to the 408.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations. Toride station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Toride station, where prices have decreased -19.0% compared to last year; a sq.m unit now costs 26,094 JPY/sq.m.

The top 1 stations has seen prices increase -19.0% (-6,118 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -19.0% (-6,118 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.7 min in 2015 and 25.6 min in 2016; +29.6%)

Land stations market overview

The average price of Toride Land, the highest market value along this railway was 26,094 JPY/sq.m. The market value represents a decrease of 6,118 JPY (-19.0%) compared to 1 year ago and a transition to a weak market. 19 properties exchanged hands (It was the same as last year.).

The average price of Toride Land, the lowest market value along this railway was 26,094 JPY/sq.m. The market value represents a decrease of 6,118 JPY (-19.0%) compared to 1 year ago and a transition to a weak market. 19 properties exchanged hands (It was the same as last year.).

JR Joban Line Local Train (Stations Land market overview)
JR Joban Line Local TrainThis year(2016)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Toride26,094 JPYsq.m
(0.0593sq.m)
32,212 JPYsq.m
(0.0409sq.m)
42,371 JPYsq.m
(0.0287sq.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

Toride26,094 JPY/sq.m (-19% compared with the previous year)

The average price of Toride Land was 26,094 JPY/sq.m. The market value represents a decrease of 6,118 JPY (-19.0%) compared to 1 year ago and a transition to a weak market. 19 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 592.8 sq.m (a +45.0% increase compared to the 408.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.7 min in 2015 and 25.6 min in 2016; +29.6%)

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)