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 Sep, 2016 was 74,481 JPY/sq.m. The market value represents an increase of 3,693 JPY (+5.2%) compared to 1 year ago and a transition to a strong market. 21 properties exchanged hands ( The market value represents a decrease of 8 (-27.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 481.0 sq.m (a +15.2% increase compared to the 417.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

1 stations have experienced increased prices; 2 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 +85.3% compared to last year; a sq.m unit now costs 20,224 JPY/sq.m.

The top 1 stations has seen prices increase +85.3% (+9,311 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -17.0% (-23,843 JPY/sq.m).


Causes of price decreases

  • A some decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 10.3% of total transactions in 2015 and 9.5% 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 Hakoneitabashi, the highest market value along this railway was 116,157 JPY/sq.m. The market value represents a decrease of 23,843 JPY (-17.0%) compared to 1 year ago and a transition to a weak market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) 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 20,224 JPY/sq.m. The market value represents an increase of 9,311 JPY (+85.3%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 4 (-36.4%) 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(2016)1 year ago2 years ago
Odawara97,863 JPY (0.0Y/280.5sq.m)112,835 JPY (0.0Y/176.3sq.m)150,915 JPY (0.0Y/166.2sq.m)
Hakoneitabashi116,157 JPY (0.0Y/416.7sq.m)140,000 JPY (0.0Y/250.0sq.m)119,247 JPY (0.0Y/303.0sq.m)
Kazamatsuri--69,071 JPY (0.0Y/265.0sq.m)
IRiuda---
Hakoneyumoto---
Kowakidani-4,918 JPY (0.0Y/610.0sq.m)-
Goura20,224 JPY (0.0Y/851.4sq.m)10,914 JPY (0.0Y/763.6sq.m)11,644 JPY (0.0Y/1075.4sq.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

Goura20,224 JPY/sq.m (+85% compared with the previous year)

The average price of a sq.m Land of Goura was 20,224 JPY/sq.m. The market value represents an increase of 9,311 JPY (+85.3%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 4 (-36.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 851.4 sq.m (a +11.5% increase compared to the 763.6 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 42.4 min in 2015 and 49.9 min in 2016; +17.7%)

Hakoneitabashi116,157 JPY/sq.m (-17% compared with the previous year)

The average price of a sq.m Land of Hakoneitabashi was 116,157 JPY/sq.m. The market value represents a decrease of 23,843 JPY (-17.0%) compared to 1 year ago and a transition to a weak market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 416.7 sq.m (a +66.7% 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 7.7 min in 2016; -41.0%)

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)