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 Dec, 2015 was 70,788 JPY/sq.m. The market value represents a decrease of 32,428 JPY (-31.4%) compared to 1 year ago and a transition to a dramatic market. 29 properties exchanged hands ( The market value represents a decrease of 17 (-37.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 417.4 sq.m (a -9.9% decrease 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 locations more than twenty minutes by foot from the station, outside of walking distance.

1 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Hakoneitabashi station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Hakoneitabashi station, where prices have increased +17.4% compared to last year; a sq.m unit now costs 140,000 JPY/sq.m.

The top 1 stations has seen prices increase +17.4% (+20,753 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -25.2% (-38,080 JPY/sq.m).


Cause of price increases

  • An increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 8.9% of total transactions in 2014 and 10.3% 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 Hakoneitabashi, the highest market value along this railway was 140,000 JPY/sq.m. The market value represents an increase of 20,753 JPY (+17.4%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) 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 10,914 JPY/sq.m. The market value represents a decrease of 730 JPY (-6.3%) compared to 1 year ago and a transition to a bear market. 11 properties exchanged hands ( The market value represents a decrease of 3 (-21.4%) 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
Odawara112,835 JPY (0.0Y/176.3sq.m)150,915 JPY (0.0Y/166.2sq.m)140,144 JPY (0.0Y/199.2sq.m)
Hakoneitabashi140,000 JPY (0.0Y/250.0sq.m)119,247 JPY (0.0Y/303.0sq.m)117,302 JPY (0.0Y/230.8sq.m)
Kazamatsuri-69,071 JPY (0.0Y/265.0sq.m)-
IRiuda--42,601 JPY (0.0Y/434.2sq.m)
Hakoneyumoto--46,298 JPY (0.0Y/405.0sq.m)
Kowakidani4,918 JPY (0.0Y/610.0sq.m)-3,012 JPY (0.0Y/1610.0sq.m)
Goura10,914 JPY (0.0Y/763.6sq.m)11,644 JPY (0.0Y/1075.4sq.m)17,721 JPY (0.0Y/1017.8sq.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

Hakoneitabashi140,000 JPY/sq.m (+17% compared with the previous year)

The average price of a sq.m Land of Hakoneitabashi was 140,000 JPY/sq.m. The market value represents an increase of 20,753 JPY (+17.4%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 250.0 sq.m (a -17.5% decrease compared to the 303.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.0 min in 2014 and 13.0 min in 2015; +116.7%)

Odawara112,835 JPY/sq.m (-25% compared with the previous year)

The average price of a sq.m Land of Odawara was 112,835 JPY/sq.m. The market value represents a decrease of 38,080 JPY (-25.2%) compared to 1 year ago and a transition to a dramatic market. 15 properties exchanged hands ( The market value represents a decrease of 9 (-37.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 176.3 sq.m (a +6.1% increase compared to the 166.2 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 8.3% of total transactions in 2014 and 13.3% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 15.4 min in 2014 and 18.7 min in 2015; +21.1%)

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)