Hakone Tozan Railway Line Land market overview

The average price of a sq.m Land of Hakone Tozan Railway Line (Odawara to Goura), in Apr, 2016 to Jun, 2016 was 92,158 JPY/sq.m. The market value represents an increase of 4,897 JPY (+5.6%) compared to 1 year ago and a transition to a strong 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 760.0 sq.m (a +430.2% increase compared to the 143.3 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; 1 stations have experienced decreased prices. Market value of most stations decreased. Odawara station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Odawara station, where prices have increased +76.1% compared to last year; a sq.m unit now costs 107,243 JPY/sq.m.

The top 1 stations has seen prices increase +76.1% (+46,350 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -16.4% (-22,908 JPY/sq.m).



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 117,092 JPY/sq.m. The market value represents a decrease of 22,908 JPY (-16.4%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Odawara, the lowest market value along this railway was 107,243 JPY/sq.m. The market value represents an increase of 46,350 JPY (+76.1%) compared to 1 year ago and a transition to a dramatic market. 2 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
Odawara107,243 JPY (0.0Y/247.5sq.m)60,892 JPY (0.0Y/90.0sq.m)111,810 JPY (0.0Y/122.1sq.m)
Hakoneitabashi117,092 JPY (0.0Y/537.5sq.m)140,000 JPY (0.0Y/250.0sq.m)114,006 JPY (0.0Y/295.0sq.m)
Kazamatsuri--82,142 JPY (0.0Y/280.0sq.m)
IRiuda---
Hakoneyumoto---
Kowakidani---
Goura12,121 JPY (0.0Y/1495.0sq.m)-9,562 JPY (0.0Y/960.0sq.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

Odawara107,243 JPY/sq.m (+76% compared with the previous year)

The average price of a sq.m Land of Odawara was 107,243 JPY/sq.m. The market value represents an increase of 46,350 JPY (+76.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 247.5 sq.m (a +175.0% increase compared to the 90.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.0 min in 2015 and 23.5 min in 2016; +23.7%)

Hakoneitabashi117,092 JPY/sq.m (-16% compared with the previous year)

The average price of a sq.m Land of Hakoneitabashi was 117,092 JPY/sq.m. The market value represents a decrease of 22,908 JPY (-16.4%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 537.5 sq.m (a +115.0% increase compared to the 250.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 13.0 min in 2015 and 6.5 min in 2016; -50.0%)

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)