Green Line Kanagawa 2016-FY
Land market report

Green Line railway market report

Green Line Land market overview

The average price of a sq.m Land of Green Line (Nakayama to Hiyoshi), in Jan, 2016 to Dec, 2016 was 287,485 JPY/sq.m. The market value represents an increase of 56,852 JPY (+24.7%) compared to 1 year ago and a transition to a dramatic market. 96 properties exchanged hands ( The market value represents an increase of 3 (+3.2%) compared to 1 year ago and a transition to a some market.).

The average size of the real estate was 286.0 sq.m (a +20.1% increase compared to the 238.1 sq.m of last year.).

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

6 stations have experienced increased prices; 4 stations have experienced decreased prices. The overall trend was toward increased prices. Kawawachou, Sennta-Minami, Sennta-Kita station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Hiyoshi station, where prices have increased +134.3% compared to last year; a sq.m unit now costs 537,754 JPY/sq.m.

The top 2 stations has seen prices increase +98.7% (+255,321 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -21.5% (-41,978 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 1.1% of total transactions in 2015 and 6.2% of total transactions in 2016)

Causes of price decreases

  • An increase in average distance from the station (representing 12.8 min in 2015 and 14.5 min in 2016; +13.2%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 7.5% of total transactions in 2015 and 5.2% of total transactions in 2016)

Breakdown of each segment

The table below shows Land dealt in Green 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 Hiyoshi, the highest market value along this railway was 537,754 JPY/sq.m. The market value represents an increase of 308,249 JPY (+134.3%) compared to 1 year ago and a transition to a dramatic market. 15 properties exchanged hands ( The market value represents an increase of 7 (+87.5%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Nakayama, the lowest market value along this railway was 111,374 JPY/sq.m. The market value represents a decrease of 40,909 JPY (-26.9%) compared to 1 year ago and a transition to a dramatic market. 27 properties exchanged hands ( The market value represents an increase of 6 (+28.6%) compared to 1 year ago and a transition to a dramatic market.).

Green Line (Stations Land market overview)
Green LineThis year(2016)1 year ago2 years ago
Nakayama111,374 JPY (0.0Y/438.5sq.m)152,283 JPY (0.0Y/312.1sq.m)176,020 JPY (0.0Y/296.5sq.m)
Kawawachou203,978 JPY (0.0Y/193.0sq.m)125,598 JPY (0.0Y/304.3sq.m)190,657 JPY (0.0Y/266.4sq.m)
Tsudukifureainooka257,640 JPY (0.0Y/208.5sq.m)287,337 JPY (0.0Y/148.8sq.m)255,920 JPY (0.0Y/212.0sq.m)
Sennta-Minami529,806 JPY (0.0Y/328.6sq.m)334,191 JPY (0.0Y/250.6sq.m)246,944 JPY (0.0Y/538.0sq.m)
Sennta-Kita523,582 JPY (0.0Y/191.2sq.m)321,190 JPY (0.0Y/530.0sq.m)356,757 JPY (0.0Y/512.5sq.m)
Kitayamata297,203 JPY (0.0Y/165.0sq.m)258,404 JPY (0.0Y/180.9sq.m)277,395 JPY (0.0Y/217.0sq.m)
Higashiyamata192,152 JPY (0.0Y/125.0sq.m)205,016 JPY (0.0Y/200.0sq.m)189,562 JPY (0.0Y/285.6sq.m)
Takata223,544 JPY (0.0Y/402.0sq.m)266,591 JPY (0.0Y/183.3sq.m)229,955 JPY (0.0Y/428.8sq.m)
Hiyoshihonnchou387,165 JPY (0.0Y/167.5sq.m)341,372 JPY (0.0Y/130.0sq.m)355,978 JPY (0.0Y/204.0sq.m)
Hiyoshi537,754 JPY (0.0Y/171.3sq.m)229,504 JPY (0.0Y/206.9sq.m)308,924 JPY (0.0Y/141.2sq.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.

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Noteworthy stations

Hiyoshi537,754 JPY/sq.m (+134% compared with the previous year)

The average price of a sq.m Land of Hiyoshi was 537,754 JPY/sq.m. The market value represents an increase of 308,249 JPY (+134.3%) compared to 1 year ago and a transition to a dramatic market. 15 properties exchanged hands ( The market value represents an increase of 7 (+87.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 171.3 sq.m (a -17.2% decrease compared to the 206.9 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 14.1 min in 2015 and 10.5 min in 2016; -25.4%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 12.5% of total transactions in 2015 and 20.0% of total transactions in 2016)

Sennta-Kita523,582 JPY/sq.m (+63% compared with the previous year)

The average price of a sq.m Land of Sennta-Kita was 523,582 JPY/sq.m. The market value represents an increase of 202,392 JPY (+63.0%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 1 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 191.2 sq.m (a -63.9% decrease compared to the 530.0 sq.m of last year.).

Nakayama111,374 JPY/sq.m (-27% compared with the previous year)

The average price of a sq.m Land of Nakayama was 111,374 JPY/sq.m. The market value represents a decrease of 40,909 JPY (-26.9%) compared to 1 year ago and a transition to a dramatic market. 27 properties exchanged hands ( The market value represents an increase of 6 (+28.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 438.5 sq.m (a +40.5% increase compared to the 312.1 sq.m of last year.).

Takata223,544 JPY/sq.m (-16% compared with the previous year)

The average price of a sq.m Land of Takata was 223,544 JPY/sq.m. The market value represents a decrease of 43,047 JPY (-16.1%) compared to 1 year ago and a transition to a weak market. 10 properties exchanged hands ( The market value represents a decrease of 2 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 402.0 sq.m (a +119.3% increase compared to the 183.3 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 11.2 min in 2015 and 9.9 min in 2016; -11.3%)

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)