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, 2015 to Sep, 2015 was 44,725 JPY/sq.m. The market value represents a decrease of 54,800 JPY (-55.1%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 430.4 sq.m (a -24.3% decrease compared to the 568.3 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.

0 stations have experienced increased prices; 2 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -30.5% (-5,165 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -33.5% (-43,333 JPY/sq.m).


Causes of price decreases

  • A dramatic increase in average distance from the station (representing 21.2 min in 2014 and 28.2 min in 2015; +32.5%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 16.7% of total transactions in 2014 and 8.3% of total transactions in 2015)

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 86,112 JPY/sq.m. The market value represents a decrease of 43,333 JPY (-33.5%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Goura, the lowest market value along this railway was 11,774 JPY/sq.m. The market value represents a decrease of 5,165 JPY (-30.5%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 3 (+100.0%) 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
Odawara86,112 JPY (0.0Y/184.0sq.m)129,445 JPY (0.0Y/215.0sq.m)150,687 JPY (0.0Y/212.5sq.m)
Hakoneitabashi-122,741 JPY (0.0Y/308.3sq.m)117,763 JPY (0.0Y/270.0sq.m)
Kazamatsuri---
IRiuda---
Hakoneyumoto--47,142 JPY (0.0Y/700.0sq.m)
Kowakidani--3,012 JPY (0.0Y/830.0sq.m)
Goura11,774 JPY (0.0Y/674.2sq.m)16,939 JPY (0.0Y/1533.3sq.m)34,794 JPY (0.0Y/1085.0sq.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

Goura11,774 JPY/sq.m (-30% compared with the previous year)

The average price of a sq.m Land of Goura was 11,774 JPY/sq.m. The market value represents a decrease of 5,165 JPY (-30.5%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 3 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 674.2 sq.m (a -56.0% decrease compared to the 1533.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 50.0 min in 2014 and 38.3 min in 2015; -23.3%)

Odawara86,112 JPY/sq.m (-33% compared with the previous year)

The average price of a sq.m Land of Odawara was 86,112 JPY/sq.m. The market value represents a decrease of 43,333 JPY (-33.5%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 184.0 sq.m (a -14.4% decrease compared to the 215.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 16.8 min in 2014 and 20.6 min in 2015; +22.6%)

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)