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, 2014 to Jun, 2014 was 80,791 JPY/sq.m. The market value represents an increase of 4,992 JPY (+6.6%) compared to 1 year ago and a transition to a strong market. 14 properties exchanged hands ( The market value represents a decrease of 7 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 397.5 sq.m (a -52.1% decrease compared to the 829.0 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.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Odawara station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Odawara station, where prices have decreased -13.4% compared to last year; a sq.m unit now costs 111,810 JPY/sq.m.

The top 1 stations has seen prices increase +4.3% (+397 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -13.4% (-17,240 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 33.4 min in 2013 and 26.7 min in 2014; -20.2%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 4.8% of total transactions in 2013 and 7.7% of total transactions in 2014)

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 111,810 JPY/sq.m. The market value represents a decrease of 17,240 JPY (-13.4%) compared to 1 year ago and a transition to a weak market. 7 properties exchanged hands ( The market value represents a decrease 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 9,562 JPY/sq.m. The market value represents an increase of 397 JPY (+4.3%) compared to 1 year ago and a transition to a some 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
Odawara111,810 JPY (0.0Y/122.1sq.m)129,050 JPY (0.0Y/233.3sq.m)191,259 JPY (0.0Y/150.0sq.m)
Hakoneitabashi114,006 JPY (0.0Y/295.0sq.m)--
Kazamatsuri82,142 JPY (0.0Y/280.0sq.m)--
IRiuda-32,857 JPY (0.0Y/700.0sq.m)7,142 JPY (0.0Y/700.0sq.m)
Hakoneyumoto---
Kowakidani--2,396 JPY (0.0Y/1005.0sq.m)
Goura9,562 JPY (0.0Y/960.0sq.m)9,166 JPY (0.0Y/1291.2sq.m)17,938 JPY (0.0Y/877.1sq.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

Goura9,562 JPY/sq.m (+4% compared with the previous year)

The average price of a sq.m Land of Goura was 9,562 JPY/sq.m. The market value represents an increase of 397 JPY (+4.3%) compared to 1 year ago and a transition to a some 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 960.0 sq.m (a -25.7% decrease compared to the 1291.2 sq.m of last year.).

Odawara111,810 JPY/sq.m (-13% compared with the previous year)

The average price of a sq.m Land of Odawara was 111,810 JPY/sq.m. The market value represents a decrease of 17,240 JPY (-13.4%) compared to 1 year ago and a transition to a weak market. 7 properties exchanged hands ( The market value represents a decrease of 2 (-22.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 122.1 sq.m (a -47.7% decrease compared to the 233.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 21.6 min in 2013 and 14.7 min in 2014; -31.7%)

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)