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 Oct, 2018 to Dec, 2018 was 10,808 JPY/sq.m. The market value represents a decrease of 12,459 JPY (-53.5%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 180.0 sq.m (a -4.4% decrease compared to the 188.3 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.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -53.5% (-12,459 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -53.5% (-12,459 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 44.0 min in 2017 and 90.0 min in 2018; +104.5%)

Land stations market overview

The average price of Toride Land, the highest market value along this railway was 10,808 JPY/sq.m. The market value represents a decrease of 12,459 JPY (-53.5%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average price of Toride Land, the lowest market value along this railway was 10,808 JPY/sq.m. The market value represents a decrease of 12,459 JPY (-53.5%) compared to 1 year ago and a transition to a dramatic market. 3 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(2018)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Toride10,808 JPYsq.m
(0.0180sq.m)
23,267 JPYsq.m
(0.0188sq.m)
60,000 JPYsq.m
(0.0100sq.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

Toride10,808 JPY/sq.m (-54% compared with the previous year)

The average price of Toride Land was 10,808 JPY/sq.m. The market value represents a decrease of 12,459 JPY (-53.5%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 180.0 sq.m (a -4.4% decrease compared to the 188.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 44.0 min in 2017 and 90.0 min in 2018; +104.5%)

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)