Hakone Tozan Railway Line Kanagawa 2013-FY
Apartment market report

Hakone Tozan Railway Line railway market report

Hakone Tozan Railway Line Apartment market overview

The average price of a sq.m Apartment of Hakone Tozan Railway Line (Odawara to IRiuda), in Jan, 2013 to Dec, 2013 was 387,380 JPY/sq.m. The market value represents an increase of 70,945 JPY (+22.4%) compared to 1 year ago and a transition to a dramatic market. 37 properties exchanged hands ( The market value represents an increase of 18 (+94.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 8.9 years old (a -34.2% decrease compared to the 13.5 years old of last year.). The average size of the real estate was 61.2 sq.m (a -6.6% decrease compared to the 65.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Odawara station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Odawara station, where prices have increased +19.7% compared to last year; a sq.m unit now costs 392,585 JPY/sq.m.

The top 1 stations has seen prices increase +19.7% (+64,602 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +19.7% (+64,602 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 13.5 years old in 2012 and 8.9 years old in 2013; -34.2%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 31.6% of total transactions in 2012 and 21.6% of total transactions in 2013)

Causes of price decreases

  • An increase in average distance from the station (representing 10.1 min in 2012 and 11.9 min in 2013; +18.6%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 21.1% of total transactions in 2012 and 8.1% of total transactions in 2013)

Breakdown of each segment

The table below shows Apartment dealt in Hakone Tozan Railway 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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Apartment stations market overview

The average price of a sq.m Apartment of Odawara, the highest market value along this railway was 392,585 JPY/sq.m. The market value represents an increase of 64,602 JPY (+19.7%) compared to 1 year ago and a transition to a bull market. 36 properties exchanged hands ( The market value represents an increase of 18 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Apartment of Odawara, the lowest market value along this railway was 392,585 JPY/sq.m. The market value represents an increase of 64,602 JPY (+19.7%) compared to 1 year ago and a transition to a bull market. 36 properties exchanged hands ( The market value represents an increase of 18 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

Hakone Tozan Railway Line (Stations Apartment market overview)
Hakone Tozan Railway LineThis year(2013)1 year ago2 years ago
Odawara392,585 JPY (8.3Y/61.2sq.m)327,983 JPY (13.1Y/67.2sq.m)368,810 JPY (9.7Y/64.4sq.m)
Hakoneitabashi200,000 JPY (27.3Y/60.0sq.m)--
IRiuda-108,571 JPY (20.0Y/35.0sq.m)113,000 JPY (19.5Y/40.0sq.m)

*Average unit prices per sq.m of Apartment 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

Odawara392,585 JPY/sq.m (+20% compared with the previous year)

The average price of a sq.m Apartment of Odawara was 392,585 JPY/sq.m. The market value represents an increase of 64,602 JPY (+19.7%) compared to 1 year ago and a transition to a bull market. 36 properties exchanged hands ( The market value represents an increase of 18 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 8.3 years old (a -36.2% decrease compared to the 13.1 years old of last year.). The average size of the real estate was 61.2 sq.m (a -8.9% decrease compared to the 67.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 13.1 years old in 2012 and 8.3 years old in 2013; -36.2%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 27.8% of total transactions in 2012 and 19.4% of total transactions in 2013)

Causes of price decreases

  • An increase in average distance from the station (representing 10.4 min in 2012 and 12.2 min in 2013; +17.4%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 16.7% of total transactions in 2012 and 8.3% of total transactions in 2013)

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)