Green Line Kanagawa 2017-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, 2017 to Sep, 2017 was 264,192 JPY/sq.m. The market value represents a decrease of 19,579 JPY (-6.9%) compared to 1 year ago and a transition to a bear market. 29 properties exchanged hands ( The market value represents a decrease of 37 (-56.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 262.2 sq.m (a -3.0% decrease compared to the 270.4 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.

5 stations have experienced increased prices; 4 stations have experienced decreased prices. The overall trend was the same as last year. Nakayama station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nakayama station, where prices have increased +70.4% compared to last year; a sq.m unit now costs 179,667 JPY/sq.m.

The top 2 stations has seen prices increase +44.3% (+57,634 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -43.7% (-194,244 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 15.8 min in 2016 and 13.4 min in 2017; -15.3%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 4.5% of total transactions in 2016 and 6.9% of total transactions in 2017)

Causes of price decreases

  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 4.5% of total transactions in 2016 and 3.4% of total transactions in 2017)

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 Sennta-Minami, the highest market value along this railway was 399,152 JPY/sq.m. The market value represents a decrease of 63,054 JPY (-13.6%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Takata, the lowest market value along this railway was 162,118 JPY/sq.m. The market value represents a decrease of 70,799 JPY (-30.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 6 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

Green Line (Stations Land market overview)
Green LineThis year(2017)1 year ago2 years ago
Nakayama179,667 JPY (0.0Y/175.0sq.m)105,447 JPY (0.0Y/373.8sq.m)152,283 JPY (0.0Y/312.1sq.m)
Kawawachou200,639 JPY (0.0Y/348.3sq.m)169,868 JPY (0.0Y/229.2sq.m)125,598 JPY (0.0Y/304.3sq.m)
Tsudukifureainooka285,185 JPY (0.0Y/270.0sq.m)247,226 JPY (0.0Y/230.7sq.m)287,337 JPY (0.0Y/148.8sq.m)
Sennta-Minami399,152 JPY (0.0Y/286.0sq.m)462,206 JPY (0.0Y/323.8sq.m)334,191 JPY (0.0Y/250.6sq.m)
Sennta-Kita-523,582 JPY (0.0Y/191.2sq.m)321,190 JPY (0.0Y/530.0sq.m)
Kitayamata309,685 JPY (0.0Y/463.3sq.m)296,643 JPY (0.0Y/164.0sq.m)258,404 JPY (0.0Y/180.9sq.m)
Higashiyamata266,532 JPY (0.0Y/130.0sq.m)225,484 JPY (0.0Y/135.0sq.m)205,016 JPY (0.0Y/200.0sq.m)
Takata162,118 JPY (0.0Y/110.0sq.m)232,916 JPY (0.0Y/428.1sq.m)266,591 JPY (0.0Y/183.3sq.m)
Hiyoshihonnchou245,454 JPY (0.0Y/220.0sq.m)247,058 JPY (0.0Y/170.0sq.m)341,372 JPY (0.0Y/130.0sq.m)
Hiyoshi239,263 JPY (0.0Y/283.6sq.m)556,951 JPY (0.0Y/148.5sq.m)229,504 JPY (0.0Y/206.9sq.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

Nakayama179,667 JPY/sq.m (+70% compared with the previous year)

The average price of a sq.m Land of Nakayama was 179,667 JPY/sq.m. The market value represents an increase of 74,219 JPY (+70.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 14 (-82.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 175.0 sq.m (a -53.2% decrease compared to the 373.8 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 18.1 min in 2016 and 20.7 min in 2017; +14.4%)

Higashiyamata266,532 JPY/sq.m (+18% compared with the previous year)

The average price of a sq.m Land of Higashiyamata was 266,532 JPY/sq.m. The market value represents an increase of 41,048 JPY (+18.2%) compared to 1 year ago and a transition to a bull market. 4 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 130.0 sq.m (a -3.7% decrease compared to the 135.0 sq.m of last year.).

Hiyoshi239,263 JPY/sq.m (-57% compared with the previous year)

The average price of a sq.m Land of Hiyoshi was 239,263 JPY/sq.m. The market value represents a decrease of 317,689 JPY (-57.0%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 3 (-30.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 283.6 sq.m (a +91.0% increase compared to the 148.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 11.6 min in 2016 and 17.7 min in 2017; +52.7%)

Takata162,118 JPY/sq.m (-30% compared with the previous year)

The average price of a sq.m Land of Takata was 162,118 JPY/sq.m. The market value represents a decrease of 70,799 JPY (-30.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 6 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 110.0 sq.m (a -74.3% decrease compared to the 428.1 sq.m of last year.).


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)