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, 2014 to Dec, 2014 was 118,498 JPY/sq.m. The market value represents an increase of 39,911 JPY (+50.8%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents a decrease of 12 (-52.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 432.3 sq.m (a -24.5% decrease compared to the 572.2 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; 1 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 +46.8% compared to last year; a sq.m unit now costs 162,146 JPY/sq.m.

The top 1 stations has seen prices increase +46.8% (+51,704 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -89.9% (-18,772 JPY/sq.m).


Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 4.3% of total transactions in 2013 and 9.1% 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 162,146 JPY/sq.m. The market value represents an increase of 51,704 JPY (+46.8%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents a decrease of 1 (-11.1%) compared to 1 year ago and a transition to a weak market.).

The average price of a sq.m Land of Goura, the lowest market value along this railway was 2,101 JPY/sq.m. The market value represents a decrease of 18,772 JPY (-89.9%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 6 (-66.7%) 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
Odawara162,146 JPY (0.0Y/195.6sq.m)110,443 JPY (0.0Y/223.9sq.m)148,660 JPY (0.0Y/206.5sq.m)
Hakoneitabashi-144,264 JPY (0.0Y/117.5sq.m)46,036 JPY (0.0Y/190.0sq.m)
Kazamatsuri---
IRiuda-59,266 JPY (0.0Y/535.0sq.m)67,692 JPY (0.0Y/65.0sq.m)
Hakoneyumoto-45,454 JPY (0.0Y/110.0sq.m)-
Kowakidani--14,976 JPY (0.0Y/560.0sq.m)
Goura2,101 JPY (0.0Y/1063.3sq.m)20,873 JPY (0.0Y/1081.1sq.m)17,896 JPY (0.0Y/373.3sq.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

Odawara162,146 JPY/sq.m (+47% compared with the previous year)

The average price of a sq.m Land of Odawara was 162,146 JPY/sq.m. The market value represents an increase of 51,704 JPY (+46.8%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents a decrease of 1 (-11.1%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 195.6 sq.m (a -12.6% decrease compared to the 223.9 sq.m of last year.).

Goura2,101 JPY/sq.m (-90% compared with the previous year)

The average price of a sq.m Land of Goura was 2,101 JPY/sq.m. The market value represents a decrease of 18,772 JPY (-89.9%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 6 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1063.3 sq.m (a -1.6% decrease compared to the 1081.1 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 65.4 min in 2013 and 80.0 min in 2014; +22.2%)

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)