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, 2019 to Jun, 2019 was 27,457 JPY/sq.m. The market value represents an increase of 4,991 JPY (+22.2%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents a decrease of 7 (-46.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 389.4 sq.m (a +133.2% increase compared to the 167.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large size more than 200 sq.m.

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 +22.2% compared to last year; a sq.m unit now costs 27,457 JPY/sq.m.

The top 1 stations has seen prices increase +22.2% (+4,991 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +22.2% (+4,991 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 55.5 min in 2018 and 66.8 min in 2019; +20.3%)

Land stations market overview

The average price of Toride Land, the highest market value along this railway was 27,457 JPY/sq.m. The market value represents an increase of 4,991 JPY (+22.2%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents a decrease of 7 (-46.7%) 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 27,457 JPY/sq.m. The market value represents an increase of 4,991 JPY (+22.2%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents a decrease of 7 (-46.7%) 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(2019)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Toride27,457 JPYsq.m
(0.0389sq.m)
22,466 JPYsq.m
(0.0167sq.m)
31,130 JPYsq.m
(0.0182sq.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

Toride27,457 JPY/sq.m (+22% compared with the previous year)

The average price of Toride Land was 27,457 JPY/sq.m. The market value represents an increase of 4,991 JPY (+22.2%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents a decrease of 7 (-46.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 389.4 sq.m (a +133.2% increase compared to the 167.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 55.5 min in 2018 and 66.8 min in 2019; +20.3%)

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)