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, 2015 to Dec, 2015 was 99,963 JPY/sq.m. The market value represents a decrease of 18,535 JPY (-15.6%) compared to 1 year ago and a transition to a weak market. 8 properties exchanged hands ( The market value represents a decrease of 3 (-27.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 287.5 sq.m (a -33.5% decrease compared to the 432.3 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.

1 stations have experienced increased prices; 1 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 Odawara station, where prices have decreased -18.2% compared to last year; a sq.m unit now costs 132,562 JPY/sq.m.

The top 1 stations has seen prices increase +3.0% (+63 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -18.2% (-29,584 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 33.4 min in 2014 and 28.2 min in 2015; -15.3%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 9.1% of total transactions in 2014 and 12.5% 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 132,562 JPY/sq.m. The market value represents a decrease of 29,584 JPY (-18.2%) compared to 1 year ago and a transition to a weak market. 6 properties exchanged hands ( The market value represents a decrease of 2 (-25.0%) 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 2,164 JPY/sq.m. The market value represents an increase of 63 JPY (+3.0%) compared to 1 year ago and a transition to a slight market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) 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
Odawara132,562 JPY (0.0Y/215.8sq.m)162,146 JPY (0.0Y/195.6sq.m)110,443 JPY (0.0Y/223.9sq.m)
Hakoneitabashi--144,264 JPY (0.0Y/117.5sq.m)
Kazamatsuri---
IRiuda--59,266 JPY (0.0Y/535.0sq.m)
Hakoneyumoto--45,454 JPY (0.0Y/110.0sq.m)
Kowakidani---
Goura2,164 JPY (0.0Y/502.5sq.m)2,101 JPY (0.0Y/1063.3sq.m)20,873 JPY (0.0Y/1081.1sq.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

Goura2,164 JPY/sq.m (+3% compared with the previous year)

The average price of a sq.m Land of Goura was 2,164 JPY/sq.m. The market value represents an increase of 63 JPY (+3.0%) compared to 1 year ago and a transition to a slight market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 502.5 sq.m (a -52.7% decrease compared to the 1063.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 80.0 min in 2014 and 60.0 min in 2015; -25.0%)

Odawara132,562 JPY/sq.m (-18% compared with the previous year)

The average price of a sq.m Land of Odawara was 132,562 JPY/sq.m. The market value represents a decrease of 29,584 JPY (-18.2%) compared to 1 year ago and a transition to a weak market. 6 properties exchanged hands ( The market value represents a decrease of 2 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 215.8 sq.m (a +10.3% increase compared to the 195.6 sq.m of last year.).

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 12.5% of total transactions in 2014 and 16.7% of total transactions in 2015)

Causes of price decreases

  • An increase in average distance from the station (representing 15.9 min in 2014 and 17.7 min in 2015; +11.3%)

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)