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, 2015 to Mar, 2015 was 76,778 JPY/sq.m. The market value represents a decrease of 49,744 JPY (-39.3%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 3 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 701.7 sq.m (a +51.4% increase compared to the 463.3 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.

0 stations have experienced increased prices; 2 stations have experienced decreased prices. The market value decreased in all stations. Goura 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 -22.9% compared to last year; a sq.m unit now costs 172,404 JPY/sq.m.

The top 1 stations has seen prices increase -16.4% (-3,348 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -22.9% (-51,317 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 30.3 min in 2014 and 39.8 min in 2015; +31.3%)

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 172,404 JPY/sq.m. The market value represents a decrease of 51,317 JPY (-22.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) 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 17,083 JPY/sq.m. The market value represents a decrease of 3,348 JPY (-16.4%) compared to 1 year ago and a transition to a weak market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) 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(2015)1 year ago2 years ago
Odawara172,404 JPY (0.0Y/125.0sq.m)223,720 JPY (0.0Y/123.8sq.m)165,854 JPY (0.0Y/141.4sq.m)
Hakoneitabashi--89,880 JPY (0.0Y/305.0sq.m)
Kazamatsuri-56,000 JPY (0.0Y/250.0sq.m)-
IRiuda--34,738 JPY (0.0Y/278.3sq.m)
Hakoneyumoto---
Kowakidani4,918 JPY (0.0Y/610.0sq.m)--
Goura17,083 JPY (0.0Y/1116.7sq.m)20,431 JPY (0.0Y/856.2sq.m)17,473 JPY (0.0Y/656.2sq.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

Goura17,083 JPY/sq.m (-16% compared with the previous year)

The average price of a sq.m Land of Goura was 17,083 JPY/sq.m. The market value represents a decrease of 3,348 JPY (-16.4%) compared to 1 year ago and a transition to a weak market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1116.7 sq.m (a +30.4% increase compared to the 856.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 52.8 min in 2014 and 38.7 min in 2015; -26.7%)

Odawara172,404 JPY/sq.m (-23% compared with the previous year)

The average price of a sq.m Land of Odawara was 172,404 JPY/sq.m. The market value represents a decrease of 51,317 JPY (-22.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 125.0 sq.m (a +1.0% increase compared to the 123.8 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 14.0 min in 2014 and 16.5 min in 2015; +17.9%)

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)