Hakone Tozan Railway Line Land market overview

The average price of a sq.m Land of Hakone Tozan Railway Line (Odawara to Goura), in Apr, 2013 to Jun, 2013 was 75,799 JPY/sq.m. The market value represents a decrease of 11,140 JPY (-12.8%) compared to 1 year ago and a transition to a weak market. 21 properties exchanged hands ( The market value represents a decrease of 3 (-12.5%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 829.0 sq.m (a +36.4% increase compared to the 607.7 sq.m of last year.).

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

1 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased.

The top 1 stations has seen prices increase +360.1% (+25,715 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -48.9% (-8,773 JPY/sq.m).


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 8.3% of total transactions in 2012 and 4.8% 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 129,050 JPY/sq.m. The market value represents a decrease of 62,209 JPY (-32.5%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Goura, the lowest market value along this railway was 9,166 JPY/sq.m. The market value represents a decrease of 8,773 JPY (-48.9%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents a decrease of 4 (-33.3%) 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
Odawara129,050 JPY (0.0Y/233.3sq.m)191,259 JPY (0.0Y/150.0sq.m)75,920 JPY (0.0Y/318.3sq.m)
Hakoneitabashi--66,938 JPY (0.0Y/383.3sq.m)
Kazamatsuri---
IRiuda32,857 JPY (0.0Y/700.0sq.m)7,142 JPY (0.0Y/700.0sq.m)60,000 JPY (0.0Y/400.0sq.m)
Hakoneyumoto---
Kowakidani-2,396 JPY (0.0Y/1005.0sq.m)-
Goura9,166 JPY (0.0Y/1291.2sq.m)17,938 JPY (0.0Y/877.1sq.m)17,691 JPY (0.0Y/1241.4sq.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

IRiuda32,857 JPY/sq.m (+360% compared with the previous year)

The average price of a sq.m Land of IRiuda was 32,857 JPY/sq.m. The market value represents an increase of 25,715 JPY (+360.1%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 700.0 sq.m (a +0.0% decrease compared to the 700.0 sq.m of last year.).

Goura9,166 JPY/sq.m (-49% compared with the previous year)

The average price of a sq.m Land of Goura was 9,166 JPY/sq.m. The market value represents a decrease of 8,773 JPY (-48.9%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents a decrease of 4 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1291.2 sq.m (a +47.2% increase compared to the 877.1 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 49.2 min in 2012 and 54.1 min in 2013; +10.1%)

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)