Hakone Tozan Railway Line Land market overview

The average price of a sq.m Land of Hakone Tozan Railway Line (Odawara to Goura), in Jul, 2014 to Sep, 2014 was 99,525 JPY/sq.m. The market value represents a decrease of 11,958 JPY (-10.7%) compared to 1 year ago and a transition to a weak market. 12 properties exchanged hands ( The market value represents a decrease of 2 (-14.3%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 568.3 sq.m (a +34.0% increase compared to the 424.3 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.

1 stations have experienced increased prices; 2 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 Goura station, where prices have decreased -51.3% compared to last year; a sq.m unit now costs 16,939 JPY/sq.m.

The top 1 stations has seen prices increase +4.2% (+4,978 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -51.3% (-17,854 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 14.4 min in 2013 and 21.2 min in 2014; +47.3%)

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 129,445 JPY/sq.m. The market value represents a decrease of 21,242 JPY (-14.1%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents a decrease of 3 (-37.5%) 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 16,939 JPY/sq.m. The market value represents a decrease of 17,854 JPY (-51.3%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+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
Odawara129,445 JPY (0.0Y/215.0sq.m)150,687 JPY (0.0Y/212.5sq.m)194,914 JPY (0.0Y/249.3sq.m)
Hakoneitabashi122,741 JPY (0.0Y/308.3sq.m)117,763 JPY (0.0Y/270.0sq.m)72,314 JPY (0.0Y/283.3sq.m)
Kazamatsuri---
IRiuda--228,125 JPY (0.0Y/320.0sq.m)
Hakoneyumoto-47,142 JPY (0.0Y/700.0sq.m)-
Kowakidani-3,012 JPY (0.0Y/830.0sq.m)-
Goura16,939 JPY (0.0Y/1533.3sq.m)34,794 JPY (0.0Y/1085.0sq.m)37,444 JPY (0.0Y/661.1sq.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

Hakoneitabashi122,741 JPY/sq.m (+4% compared with the previous year)

The average price of a sq.m Land of Hakoneitabashi was 122,741 JPY/sq.m. The market value represents an increase of 4,978 JPY (+4.2%) compared to 1 year ago and a transition to a some market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 308.3 sq.m (a +14.2% increase compared to the 270.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 11.0 min in 2013 and 5.7 min in 2014; -48.5%)

Goura16,939 JPY/sq.m (-51% compared with the previous year)

The average price of a sq.m Land of Goura was 16,939 JPY/sq.m. The market value represents a decrease of 17,854 JPY (-51.3%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1533.3 sq.m (a +41.3% increase compared to the 1085.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.5 min in 2013 and 50.0 min in 2014; +270.4%)

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)