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, 2016 to Mar, 2016 was 71,969 JPY/sq.m. The market value represents a decrease of 4,810 JPY (-6.3%) compared to 1 year ago and a transition to a bear market. 11 properties exchanged hands ( The market value represents an increase of 5 (+83.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 381.4 sq.m (a -45.6% decrease compared to the 701.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Goura station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Goura station, where prices have increased +92.9% compared to last year; a sq.m unit now costs 32,945 JPY/sq.m.

The top 1 stations has seen prices increase +92.9% (+15,862 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -46.0% (-79,312 JPY/sq.m).


Cause of price increases

  • A some increase 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 2015 and 18.2% of total transactions in 2016)

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 93,092 JPY/sq.m. The market value represents a decrease of 79,312 JPY (-46.0%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 5 (+250.0%) 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 32,945 JPY/sq.m. The market value represents an increase of 15,862 JPY (+92.9%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

Hakone Tozan Railway Line (Stations Land market overview)
Hakone Tozan Railway LineThis year(2016)1 year ago2 years ago
Odawara93,092 JPY (0.0Y/307.1sq.m)172,404 JPY (0.0Y/125.0sq.m)223,720 JPY (0.0Y/123.8sq.m)
Hakoneitabashi---
Kazamatsuri--56,000 JPY (0.0Y/250.0sq.m)
IRiuda---
Hakoneyumoto---
Kowakidani-4,918 JPY (0.0Y/610.0sq.m)-
Goura32,945 JPY (0.0Y/653.3sq.m)17,083 JPY (0.0Y/1116.7sq.m)20,431 JPY (0.0Y/856.2sq.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

Goura32,945 JPY/sq.m (+93% compared with the previous year)

The average price of a sq.m Land of Goura was 32,945 JPY/sq.m. The market value represents an increase of 15,862 JPY (+92.9%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 653.3 sq.m (a -41.5% decrease compared to the 1116.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 38.7 min in 2015 and 70.0 min in 2016; +81.0%)

Odawara93,092 JPY/sq.m (-46% compared with the previous year)

The average price of a sq.m Land of Odawara was 93,092 JPY/sq.m. The market value represents a decrease of 79,312 JPY (-46.0%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 5 (+250.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 307.1 sq.m (a +145.7% increase compared to the 125.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 16.5 min in 2015 and 26.3 min in 2016; +59.3%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 50.0% of total transactions in 2015 and 28.6% of total transactions in 2016)

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)