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, 2017 to Dec, 2017 was 42,711 JPY/sq.m. The market value represents an increase of 16,617 JPY (+63.7%) compared to 1 year ago and a transition to a dramatic market. 23 properties exchanged hands ( The market value represents an increase of 4 (+21.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 214.8 sq.m (a -63.8% decrease compared to the 592.8 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.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. The market value increased in all stations. Toride station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Toride station, where prices have increased +63.7% compared to last year; a sq.m unit now costs 42,711 JPY/sq.m.

The top 1 stations has seen prices increase +63.7% (+16,617 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +63.7% (+16,617 JPY/sq.m).

Causes of price decreases

  • An increase in average distance from the station (representing 25.6 min in 2016 and 29.9 min in 2017; +16.9%)

Land stations market overview

The average price of Toride Land, the highest market value along this railway was 42,711 JPY/sq.m. The market value represents an increase of 16,617 JPY (+63.7%) compared to 1 year ago and a transition to a dramatic market. 23 properties exchanged hands ( The market value represents an increase of 4 (+21.1%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Toride Land, the lowest market value along this railway was 42,711 JPY/sq.m. The market value represents an increase of 16,617 JPY (+63.7%) compared to 1 year ago and a transition to a dramatic market. 23 properties exchanged hands ( The market value represents an increase of 4 (+21.1%) compared to 1 year ago and a transition to a dramatic market.).

JR Joban Line Local Train (Stations Land market overview)
JR Joban Line Local TrainThis year(2017)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Toride42,711 JPYsq.m
(0.0215sq.m)
26,094 JPYsq.m
(0.0593sq.m)
32,212 JPYsq.m
(0.0409sq.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

Toride42,711 JPY/sq.m (+64% compared with the previous year)

The average price of Toride Land was 42,711 JPY/sq.m. The market value represents an increase of 16,617 JPY (+63.7%) compared to 1 year ago and a transition to a dramatic market. 23 properties exchanged hands ( The market value represents an increase of 4 (+21.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 214.8 sq.m (a -63.8% decrease compared to the 592.8 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 25.6 min in 2016 and 29.9 min in 2017; +16.9%)

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)