Hakone Tozan Railway Line Kanagawa 2017-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, 2017 to Sep, 2017 was 72,273 JPY/sq.m. The market value represents a decrease of 2,208 JPY (-3.0%) compared to 1 year ago and a transition to a slight market. 16 properties exchanged hands ( The market value represents a decrease of 5 (-23.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 380.6 sq.m (a -20.9% decrease compared to the 481.0 sq.m of last year.).

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

1 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased.

The top 1 stations has seen prices increase +4.2% (+4,077 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -94.9% (-110,212 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 30.0 min in 2016 and 25.9 min in 2017; -13.7%)

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 Odawara, the highest market value along this railway was 101,940 JPY/sq.m. The market value represents an increase of 4,077 JPY (+4.2%) compared to 1 year ago and a transition to a some market. 11 properties exchanged hands ( The market value represents an increase of 1 (+10.0%) compared to 1 year ago and a transition to a bull market.).

The average price of a sq.m Land of Hakoneitabashi, the lowest market value along this railway was 5,945 JPY/sq.m. The market value represents a decrease of 110,212 JPY (-94.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) 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(2017)1 year ago2 years ago
Odawara101,940 JPY (0.0Y/220.5sq.m)97,863 JPY (0.0Y/280.5sq.m)112,835 JPY (0.0Y/176.3sq.m)
Hakoneitabashi5,945 JPY (0.0Y/185.0sq.m)116,157 JPY (0.0Y/416.7sq.m)140,000 JPY (0.0Y/250.0sq.m)
Kazamatsuri---
IRiuda---
Hakoneyumoto---
Kowakidani--4,918 JPY (0.0Y/610.0sq.m)
Goura7,272 JPY (0.0Y/870.0sq.m)20,224 JPY (0.0Y/851.4sq.m)10,914 JPY (0.0Y/763.6sq.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

Odawara101,940 JPY/sq.m (+4% compared with the previous year)

The average price of a sq.m Land of Odawara was 101,940 JPY/sq.m. The market value represents an increase of 4,077 JPY (+4.2%) compared to 1 year ago and a transition to a some market. 11 properties exchanged hands ( The market value represents an increase of 1 (+10.0%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 220.5 sq.m (a -21.4% decrease compared to the 280.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 24.8 min in 2016 and 17.6 min in 2017; -28.9%)

Hakoneitabashi5,945 JPY/sq.m (-95% compared with the previous year)

The average price of a sq.m Land of Hakoneitabashi was 5,945 JPY/sq.m. The market value represents a decrease of 110,212 JPY (-94.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 185.0 sq.m (a -55.6% decrease compared to the 416.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.7 min in 2016 and 12.0 min in 2017; +56.5%)

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)