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 Dec, 2014 was 103,216 JPY/sq.m. The market value represents an increase of 13,327 JPY (+14.8%) compared to 1 year ago and a transition to a bull market. 46 properties exchanged hands ( The market value represents a decrease of 36 (-43.9%) 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 -15.1% decrease compared to the 545.9 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; 1 stations have experienced decreased prices. Market value of most stations decreased. Odawara station has seen a price increase of over 5% compared to last year. The most dramatic price increase was at Odawara station, where prices have increased +7.7% compared to last year; a sq.m unit now costs 150,915 JPY/sq.m.

The top 1 stations has seen prices increase +7.7% (+10,771 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -34.3% (-6,077 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 4.9% of total transactions in 2013 and 8.9% 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:

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Land stations market overview

The average price of a sq.m Land of Odawara, the highest market value along this railway was 150,915 JPY/sq.m. The market value represents an increase of 10,771 JPY (+7.7%) compared to 1 year ago and a transition to a strong market. 24 properties exchanged hands ( The market value represents a decrease of 13 (-35.1%) 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 11,644 JPY/sq.m. The market value represents a decrease of 6,077 JPY (-34.3%) compared to 1 year ago and a transition to a dramatic market. 14 properties exchanged hands ( The market value represents a decrease of 13 (-48.1%) 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
Odawara150,915 JPY (0.0Y/166.2sq.m)140,144 JPY (0.0Y/199.2sq.m)159,788 JPY (0.0Y/217.7sq.m)
Hakoneitabashi119,247 JPY (0.0Y/303.0sq.m)117,302 JPY (0.0Y/230.8sq.m)85,478 JPY (0.0Y/193.1sq.m)
Kazamatsuri69,071 JPY (0.0Y/265.0sq.m)--
IRiuda-42,601 JPY (0.0Y/434.2sq.m)100,986 JPY (0.0Y/361.7sq.m)
Hakoneyumoto-46,298 JPY (0.0Y/405.0sq.m)-
Kowakidani-3,012 JPY (0.0Y/1610.0sq.m)8,686 JPY (0.0Y/1026.0sq.m)
Goura11,644 JPY (0.0Y/1075.4sq.m)17,721 JPY (0.0Y/1017.8sq.m)23,270 JPY (0.0Y/751.2sq.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

Odawara150,915 JPY/sq.m (+8% compared with the previous year)

The average price of a sq.m Land of Odawara was 150,915 JPY/sq.m. The market value represents an increase of 10,771 JPY (+7.7%) compared to 1 year ago and a transition to a strong market. 24 properties exchanged hands ( The market value represents a decrease of 13 (-35.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 166.2 sq.m (a -16.5% decrease compared to the 199.2 sq.m of last year.).

Goura11,644 JPY/sq.m (-34% compared with the previous year)

The average price of a sq.m Land of Goura was 11,644 JPY/sq.m. The market value represents a decrease of 6,077 JPY (-34.3%) compared to 1 year ago and a transition to a dramatic market. 14 properties exchanged hands ( The market value represents a decrease of 13 (-48.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1075.4 sq.m (a +5.7% increase compared to the 1017.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 47.6 min in 2013 and 59.4 min in 2014; +25.0%)

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)