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, 2014 to Mar, 2014 was 126,522 JPY/sq.m. The market value represents an increase of 29,536 JPY (+30.5%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 15 (-62.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 463.3 sq.m (a +34.8% increase compared to the 343.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

2 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 20% compared to last year. The most dramatic price increase was at Odawara station, where prices have increased +34.9% compared to last year; a sq.m unit now costs 223,720 JPY/sq.m.

The top 1 stations has seen prices increase +34.9% (+57,867 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +16.9% (+2,958 JPY/sq.m).


Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 8.3% of total transactions in 2013 and 11.1% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 17.8 min in 2013 and 30.3 min in 2014; +70.9%)

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 223,720 JPY/sq.m. The market value represents an increase of 57,867 JPY (+34.9%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 7 (-63.6%) 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 20,431 JPY/sq.m. The market value represents an increase of 2,958 JPY (+16.9%) compared to 1 year ago and a transition to a bull market. 4 properties exchanged hands ( The market value represents a decrease of 4 (-50.0%) 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(2014)1 year ago2 years ago
Odawara223,720 JPY (0.0Y/123.8sq.m)165,854 JPY (0.0Y/141.4sq.m)113,360 JPY (0.0Y/273.3sq.m)
Hakoneitabashi-89,880 JPY (0.0Y/305.0sq.m)124,938 JPY (0.0Y/105.0sq.m)
Kazamatsuri56,000 JPY (0.0Y/250.0sq.m)--
IRiuda-34,738 JPY (0.0Y/278.3sq.m)-
Hakoneyumoto---
Kowakidani---
Goura20,431 JPY (0.0Y/856.2sq.m)17,473 JPY (0.0Y/656.2sq.m)12,283 JPY (0.0Y/838.0sq.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

Odawara223,720 JPY/sq.m (+35% compared with the previous year)

The average price of a sq.m Land of Odawara was 223,720 JPY/sq.m. The market value represents an increase of 57,867 JPY (+34.9%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 7 (-63.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 123.8 sq.m (a -12.5% decrease compared to the 141.4 sq.m of last year.).

Goura20,431 JPY/sq.m (+17% compared with the previous year)

The average price of a sq.m Land of Goura was 20,431 JPY/sq.m. The market value represents an increase of 2,958 JPY (+16.9%) compared to 1 year ago and a transition to a bull market. 4 properties exchanged hands ( The market value represents a decrease of 4 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 856.2 sq.m (a +30.5% increase compared to the 656.2 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 29.4 min in 2013 and 52.8 min in 2014; +79.6%)

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)