Hakone Tozan Railway Line Land market overview

The average price of a sq.m Land of Hakone Tozan Railway Line (Odawara to Goura), in Jan, 2013 to Mar, 2013 was 96,986 JPY/sq.m. The market value represents an increase of 6,724 JPY (+7.4%) compared to 1 year ago and a transition to a strong market. 24 properties exchanged hands ( The market value represents an increase of 6 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 343.8 sq.m (a -31.0% decrease compared to the 498.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

2 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Odawara, Goura station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Odawara station, where prices have increased +46.3% compared to last year; a sq.m unit now costs 165,854 JPY/sq.m.

The top 1 stations has seen prices increase +46.3% (+52,494 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -28.1% (-35,058 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 31.1 min in 2012 and 17.8 min in 2013; -42.9%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 5.6% of total transactions in 2012 and 8.3% of total transactions in 2013)

Breakdown of each segment

The table below shows Land 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:

Top

Land stations market overview

The average price of a sq.m Land of Odawara, the highest market value along this railway was 165,854 JPY/sq.m. The market value represents an increase of 52,494 JPY (+46.3%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents an increase of 2 (+22.2%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Goura, the lowest market value along this railway was 17,473 JPY/sq.m. The market value represents an increase of 5,190 JPY (+42.3%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 3 (+60.0%) compared to 1 year ago and a transition to a dramatic market.).

Hakone Tozan Railway Line (Stations Land market overview)
Hakone Tozan Railway LineThis year(2013)1 year ago2 years ago
Odawara165,854 JPY (0.0Y/141.4sq.m)113,360 JPY (0.0Y/273.3sq.m)112,473 JPY (0.0Y/427.9sq.m)
Hakoneitabashi89,880 JPY (0.0Y/305.0sq.m)124,938 JPY (0.0Y/105.0sq.m)32,727 JPY (0.0Y/1100.0sq.m)
Kazamatsuri---
IRiuda34,738 JPY (0.0Y/278.3sq.m)--
Hakoneyumoto--80,000 JPY (0.0Y/150.0sq.m)
Kowakidani---
Goura17,473 JPY (0.0Y/656.2sq.m)12,283 JPY (0.0Y/838.0sq.m)24,494 JPY (0.0Y/1408.3sq.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.
Top

Noteworthy stations

Odawara165,854 JPY/sq.m (+46% compared with the previous year)

The average price of a sq.m Land of Odawara was 165,854 JPY/sq.m. The market value represents an increase of 52,494 JPY (+46.3%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents an increase of 2 (+22.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 141.4 sq.m (a -48.3% decrease compared to the 273.3 sq.m of last year.).

Hakoneitabashi89,880 JPY/sq.m (-28% compared with the previous year)

The average price of a sq.m Land of Hakoneitabashi was 89,880 JPY/sq.m. The market value represents a decrease of 35,058 JPY (-28.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 305.0 sq.m (a +190.5% increase compared to the 105.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 9.7 min in 2012 and 8.0 min in 2013; -17.2%)

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)