Shinkansen Land average value

Price 23,100,839 JPY
  (82,367 JPY/sq.m)
- Dist. from Sta. 50.6 min walk
- Property area 323.6 sq.m

The average price of a sq.m Land of Shizuoka Shinkansen, in 2017 was 88,642 JPY/sq.m. The market value represents an increase of 6,114 JPY (+7.4%) compared to 1 year ago and a transition to a strong market. 111 properties exchanged hands ( The market value represents a decrease of 866 (-88.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 265.4 sq.m (a -23.1% decrease compared to the 345.0 sq.m of last year.).

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

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 0.1% of total transactions in 2016 and 0.9% of total transactions in 2017)
Data regarding the market value and its changes of Land in Shinkansen were calculated using data on the sales of 12,498 properties provided by the MLIT Japan.

Shinkansen Land market value list

StationsAverage Trading PriceAverage Unit Price
Tokaido Shinkansen23,100,839 JPY82,367 JPY/sq.m
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Land value Distance From The Station transition

Market values (unit price: sq.m, m2) in terms of Distance From The Station, is as follow.

The orange line means market values (unit price: sq.m) for Land in terms of Distance From The Station. The orange line changes on the basis of distance from the train station and area of the property (* For example , if the distance from the station is far, the lower the unit price.).

The dots means trading data. When you mouseover or touch the dot, details of the trading data is displayed. You can color (classify) the dots on the basis of the property area, distance from the stations, or the property price, etc.

(* You can scroll and zoom with pinch in the mobile environment.)
(* When you double-click, the value of Distance From The Station is updated.)
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Color:

Unit:
Property Details:
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Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
{{infoObj.days_elapsed|days_year}} years old , Area: {{infoObj.dimension}} sq.m , Total floor area: {{infoObj.dimension_all}} sq.m , Layout: {{infoObj.floor_plan}} , Structure: {{infoObj.structure}}
- Trading date: {{infoObj.trade_date|date:'MMMM, yyyy'}}

When you change the slider, the unit price will change.

Age of a building Property area Total floor area Distance from the station




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Calculate Shinkansen Land market value

We can calculate market values for Land based on their age, area, and distance from a train station.

Age
years old
Area
sq.m
Total floor space
sq.m
Distance from the station
min walk

Market values for Shizuoka Shinkansen Land that meet the above conditions were calculated in the following manner.

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({{unit_price|number:0}} JPY/sq.m)

The assumed transaction price, not including agency commissions, taxes, etc.

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Trading data in Shinkansen

Past Land sales data, with similarly entered ages, area, and distances from station are as follows.

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{{item.days_elapsed|days_year}} years old , Area: {{item.dimension}} sq.m , Total floor area: {{item.dimension_all}} sq.m , Layout: {{item.floor_plan}} , Structure: {{item.structure}}
- Trading date: {{item.trade_date|date:'MMMM, yyyy'}}
Trading price:   {{item.price|number:0}} JPY,    Unit price:   {{item.unit_price|number:0}} JPY/sq.m

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Land market value trends

Market value trends for Land are as follows.

Data:

Unit:

Breakdown of each segment

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

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 0.1% of total transactions in 2016 and 0.9% of total transactions in 2017)
The table below shows Land dealt in Shizuoka Shinkansen, 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:

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Area close to the price in Shinkansen

The closest areas in terms of Land price ranges to this area are ones like the following that are along a railway line and have a station.

Area / Station Median
Price
JPY
Unit price
JPY/sq.m
Age
Years old
Distance
min walk
Area
Izuhakone Railway (2,001) [Stations]17,000,00080,476 yrs24 min200 sq.m
Izuhakone Railway Izuhakone Railway Sunzu Line (2,001) [Stations]17,000,00080,476 yrs24 min200 sq.m
JR JR Gotemba Line (3,157) [Stations]16,000,00078,787 yrs25 min200 sq.m
JR Tokaido Main Line Numadu (1,331) [Stations]16,000,00086,811 yrs30 min180 sq.m
JR Gotemba Line Numadu (1,331) [Stations]16,000,00086,811 yrs30 min180 sq.m
Higashi-Ku 薬師町 (13) [Area]16,000,00082,142 yrs60 min260 sq.m
Aoi-Ku 牧ケ谷 (32) [Area]19,000,00080,000 yrs60 min260 sq.m
Naka-Ku(53) [Area]21,000,00085,714 yrs60 min260 sq.m
Higashi-Ku 中田町 (21) [Area]20,000,00066,785 yrs60 min300 sq.m
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