Hakone Tozan Railway Line Kanagawa 2016-FY
Land market report

Hakone Tozan Railway Line railway market report

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 Dec, 2016 was 71,667 JPY/sq.m. The market value represents an increase of 878 JPY (+1.2%) compared to 1 year ago and a transition to a slight market. 30 properties exchanged hands ( The market value represents an increase of 1 (+3.4%) compared to 1 year ago and a transition to a some market.).

The average size of the real estate was 473.5 sq.m (a +13.4% 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 +41.0% compared to last year; a sq.m unit now costs 15,387 JPY/sq.m.

The top 1 stations has seen prices increase +41.0% (+4,474 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -19.4% (-27,207 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 10.0% 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:

※各年ごとの取引件数の割合が高いセグメントほど赤く表示

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Land stations market overview

The average price of a sq.m Land of Hakoneitabashi, the highest market value along this railway was 112,793 JPY/sq.m. The market value represents a decrease of 27,207 JPY (-19.4%) compared to 1 year ago and a transition to a weak market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) 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 15,387 JPY/sq.m. The market value represents an increase of 4,474 JPY (+41.0%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents a decrease of 1 (-9.1%) compared to 1 year ago and a transition to a bear market.).

Hakone Tozan Railway Line (Stations Land market overview)
Hakone Tozan Railway LineThis year(2016)1 year ago2 years ago
Odawara96,501 JPY (0.0Y/252.0sq.m)112,835 JPY (0.0Y/176.3sq.m)150,915 JPY (0.0Y/166.2sq.m)
Hakoneitabashi112,793 JPY (0.0Y/358.8sq.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)-
Goura15,387 JPY (0.0Y/890.5sq.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.

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Noteworthy stations

Goura15,387 JPY/sq.m (+41% compared with the previous year)

The average price of a sq.m Land of Goura was 15,387 JPY/sq.m. The market value represents an increase of 4,474 JPY (+41.0%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents a decrease of 1 (-9.1%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 890.5 sq.m (a +16.6% increase compared to the 763.6 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 42.4 min in 2015 and 55.9 min in 2016; +32.0%)

Hakoneitabashi112,793 JPY/sq.m (-19% compared with the previous year)

The average price of a sq.m Land of Hakoneitabashi was 112,793 JPY/sq.m. The market value represents a decrease of 27,207 JPY (-19.4%) compared to 1 year ago and a transition to a weak market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 358.8 sq.m (a +43.5% 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:

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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)