JR Joban Line railway market report

JR Joban Line Land market overview

The average price of a sq.m Land of JR Joban Line (Sakamoto to Iwanuma), in Jan, 2016 to Dec, 2016 was 22,598 JPY/sq.m. The market value represents an increase of 629 JPY (+2.9%) compared to 1 year ago and a transition to a slight market. 115 properties exchanged hands ( The market value represents an increase of 41 (+55.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 456.3 sq.m (a -7.9% decrease compared to the 495.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving size for a general family households less than 100 sq.m.

1 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Iwanuma station has seen a price increase of over 5% compared to last year. The most dramatic price increase was at Iwanuma station, where prices have increased +8.7% compared to last year; a sq.m unit now costs 37,406 JPY/sq.m.

The top 1 stations has seen prices increase +8.7% (+3,003 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -40.8% (-6,213 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 44.7 min in 2015 and 30.6 min in 2016; -31.6%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.4% of total transactions in 2015 and 1.7% of total transactions in 2016)

Breakdown of each segment

The table below shows Land dealt in JR Joban Line, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

※各年ごとの取引件数の割合が高いセグメントほど赤く表示

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Land stations market overview

The average price of a sq.m Land of Iwanuma, the highest market value along this railway was 37,406 JPY/sq.m. The market value represents an increase of 3,003 JPY (+8.7%) compared to 1 year ago and a transition to a strong market. 47 properties exchanged hands ( The market value represents an increase of 20 (+74.1%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Ookuma, the lowest market value along this railway was 9,016 JPY/sq.m. The market value represents a decrease of 6,213 JPY (-40.8%) compared to 1 year ago and a transition to a dramatic market. 13 properties exchanged hands ( The market value represents an increase of 8 (+160.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Joban Line (Stations Land market overview)
JR Joban LineThis year(2016)1 year ago2 years ago
Sakamoto---
Yamashita16,400 JPY (0.0Y/500.0sq.m)--
Hamayoshida12,675 JPY (0.0Y/411.3sq.m)15,688 JPY (0.0Y/374.3sq.m)9,709 JPY (0.0Y/584.8sq.m)
Watari13,921 JPY (0.0Y/330.0sq.m)15,644 JPY (0.0Y/381.2sq.m)18,131 JPY (0.0Y/405.4sq.m)
Ookuma9,016 JPY (0.0Y/559.6sq.m)15,229 JPY (0.0Y/724.0sq.m)14,808 JPY (0.0Y/552.5sq.m)
Iwanuma37,406 JPY (0.0Y/532.0sq.m)34,402 JPY (0.0Y/636.3sq.m)26,206 JPY (0.0Y/785.5sq.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.

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Noteworthy stations

Iwanuma37,406 JPY/sq.m (+9% compared with the previous year)

The average price of a sq.m Land of Iwanuma was 37,406 JPY/sq.m. The market value represents an increase of 3,003 JPY (+8.7%) compared to 1 year ago and a transition to a strong market. 47 properties exchanged hands ( The market value represents an increase of 20 (+74.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 532.0 sq.m (a -16.4% decrease compared to the 636.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.7 min in 2015 and 24.1 min in 2016; -21.3%)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.7% of total transactions in 2015 and 2.1% of total transactions in 2016)

Ookuma9,016 JPY/sq.m (-41% compared with the previous year)

The average price of a sq.m Land of Ookuma was 9,016 JPY/sq.m. The market value represents a decrease of 6,213 JPY (-40.8%) compared to 1 year ago and a transition to a dramatic market. 13 properties exchanged hands ( The market value represents an increase of 8 (+160.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 559.6 sq.m (a -22.7% decrease compared to the 724.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 27.2 min in 2015 and 22.7 min in 2016; -16.6%)

Breakdown of each segment

Station:   Segment:

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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)