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 Dec, 2013 was 89,889 JPY/sq.m. The market value represents a decrease of 5,555 JPY (-5.8%) compared to 1 year ago and a transition to a bear market. 82 properties exchanged hands ( The market value represents an increase of 1 (+1.2%) compared to 1 year ago and a transition to a slight market.).

The average size of the real estate was 545.9 sq.m (a +18.4% increase compared to the 461.2 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.

1 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Hakoneitabashi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Hakoneitabashi station, where prices have increased +37.2% compared to last year; a sq.m unit now costs 117,302 JPY/sq.m.

The top 1 stations has seen prices increase +37.2% (+31,824 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -65.3% (-5,674 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 30.9 min in 2012 and 25.8 min in 2013; -16.6%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 1.2% of total transactions in 2012 and 3.7% of total transactions in 2013)

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 6.2% of total transactions in 2012 and 4.9% 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 140,144 JPY/sq.m. The market value represents a decrease of 19,644 JPY (-12.3%) compared to 1 year ago and a transition to a weak market. 37 properties exchanged hands ( The market value represents an increase of 2 (+5.7%) compared to 1 year ago and a transition to a strong market.).

The average price of a sq.m Land of Kowakidani, the lowest market value along this railway was 3,012 JPY/sq.m. The market value represents a decrease of 5,674 JPY (-65.3%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) 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
Odawara140,144 JPY (0.0Y/199.2sq.m)159,788 JPY (0.0Y/217.7sq.m)114,202 JPY (0.0Y/286.1sq.m)
Hakoneitabashi117,302 JPY (0.0Y/230.8sq.m)85,478 JPY (0.0Y/193.1sq.m)63,860 JPY (0.0Y/447.1sq.m)
Kazamatsuri---
IRiuda42,601 JPY (0.0Y/434.2sq.m)100,986 JPY (0.0Y/361.7sq.m)60,000 JPY (0.0Y/400.0sq.m)
Hakoneyumoto46,298 JPY (0.0Y/405.0sq.m)-80,000 JPY (0.0Y/150.0sq.m)
Kowakidani3,012 JPY (0.0Y/1610.0sq.m)8,686 JPY (0.0Y/1026.0sq.m)-
Goura17,721 JPY (0.0Y/1017.8sq.m)23,270 JPY (0.0Y/751.2sq.m)27,165 JPY (0.0Y/1026.9sq.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

Hakoneitabashi117,302 JPY/sq.m (+37% compared with the previous year)

The average price of a sq.m Land of Hakoneitabashi was 117,302 JPY/sq.m. The market value represents an increase of 31,824 JPY (+37.2%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 2 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 230.8 sq.m (a +19.5% increase compared to the 193.1 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 9.6 min in 2012 and 8.2 min in 2013; -15.2%)

Kowakidani3,012 JPY/sq.m (-65% compared with the previous year)

The average price of a sq.m Land of Kowakidani was 3,012 JPY/sq.m. The market value represents a decrease of 5,674 JPY (-65.3%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1610.0 sq.m (a +56.9% increase compared to the 1026.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 96.0 min in 2012 and 32.0 min in 2013; -66.7%)

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)