Kanagawa Hakone Tozan Railway Line Land market overview [Show ]

The average price of a sq.m Land of Kanagawa Hakone Tozan Railway Hakone Tozan Railway Line, in 2017 was 41,201 JPY/sq.m. The market value represents a decrease of 33,280 JPY (-44.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 19 (-90.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 257.5 sq.m (a -46.5% decrease compared to the 481.0 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.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2016 and 19.5 min in 2017; -35.1%)

The highest Land market value is Odawara at 104,000 JPY/sq.m. On the other hand, those with the lowest market value is Kowakidani at 8,459 JPY/sq.m.

Data regarding the market value and its changes of Land in Hakone Tozan Railway Line were calculated using data on the sales of 654 properties provided by the MLIT Japan.

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Market value

StationsAverage Trading PriceAverage Unit Price
Odawara [Utilization ]20,168,462 JPY120,590 JPY/sq.m
Hakoneitabashi [Utilization ]23,855,385 JPY103,210 JPY/sq.m
Kazamatsuri [Utilization ]14,575,000 JPY68,303 JPY/sq.m
IRiuda [Utilization ]18,941,667 JPY67,841 JPY/sq.m
Hakoneyumoto [Utilization ]18,990,909 JPY49,122 JPY/sq.m
Kowakidani25,915,790 JPY32,542 JPY/sq.m
Goura12,850,909 JPY13,854 JPY/sq.m