Hakone Tozan Railway Line Land market overview

The average price of a sq.m Land of Hakone Tozan Railway Line (Odawara to Goura), in Oct, 2013 to Dec, 2013 was 78,587 JPY/sq.m. The market value represents a decrease of 17,524 JPY (-18.2%) compared to 1 year ago and a transition to a weak market. 23 properties exchanged hands ( The market value represents an increase of 5 (+27.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 572.2 sq.m (a +116.8% increase compared to the 263.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

2 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Goura station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Hakoneitabashi station, where prices have increased +213.4% compared to last year; a sq.m unit now costs 144,264 JPY/sq.m.

The top 1 stations has seen prices increase +213.4% (+98,228 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -25.7% (-38,217 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 26.0 min in 2012 and 34.0 min in 2013; +30.9%)
  • A dramatic decrease 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 4.3% 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 Hakoneitabashi, the highest market value along this railway was 144,264 JPY/sq.m. The market value represents an increase of 98,228 JPY (+213.4%) compared to 1 year ago and a transition to a dramatic market. 2 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 20,873 JPY/sq.m. The market value represents an increase of 2,977 JPY (+16.6%) compared to 1 year ago and a transition to a bull market. 9 properties exchanged hands ( The market value represents an increase of 6 (+200.0%) 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
Odawara110,443 JPY (0.0Y/223.9sq.m)148,660 JPY (0.0Y/206.5sq.m)115,458 JPY (0.0Y/237.5sq.m)
Hakoneitabashi144,264 JPY (0.0Y/117.5sq.m)46,036 JPY (0.0Y/190.0sq.m)75,675 JPY (0.0Y/185.0sq.m)
Kazamatsuri---
IRiuda59,266 JPY (0.0Y/535.0sq.m)67,692 JPY (0.0Y/65.0sq.m)-
Hakoneyumoto45,454 JPY (0.0Y/110.0sq.m)--
Kowakidani-14,976 JPY (0.0Y/560.0sq.m)-
Goura20,873 JPY (0.0Y/1081.1sq.m)17,896 JPY (0.0Y/373.3sq.m)29,834 JPY (0.0Y/742.0sq.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

Hakoneitabashi144,264 JPY/sq.m (+213% compared with the previous year)

The average price of a sq.m Land of Hakoneitabashi was 144,264 JPY/sq.m. The market value represents an increase of 98,228 JPY (+213.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 117.5 sq.m (a -38.2% decrease compared to the 190.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 10.0 min in 2012 and 5.5 min in 2013; -45.0%)

Odawara110,443 JPY/sq.m (-26% compared with the previous year)

The average price of a sq.m Land of Odawara was 110,443 JPY/sq.m. The market value represents a decrease of 38,217 JPY (-25.7%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 1 (-10.0%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 223.9 sq.m (a +8.4% increase compared to the 206.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 12.7 min in 2012 and 17.4 min in 2013; +37.4%)

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)