Sagami Railway Main Line Land market overview

The average price of a sq.m Land of Sagami Railway Main Line (Yokohama to Ebina), in Jan, 2013 to Mar, 2013 was 185,464 JPY/sq.m. The market value represents an increase of 22,880 JPY (+14.1%) compared to 1 year ago and a transition to a bull market. 106 properties exchanged hands ( The market value represents a decrease of 23 (-17.8%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 270.7 sq.m (a +6.3% increase compared to the 254.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

13 stations have experienced increased prices; 5 stations have experienced decreased prices. The overall trend was toward increased prices. Yokohama, Kamihoshikawa, Nishiya, Tsurugamine, Futamatagawa, Mitsukyou, Kashiwadai station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nishiyokohama station, where prices have increased +124.9% compared to last year; a sq.m unit now costs 449,603 JPY/sq.m.

The top 2 stations has seen prices increase +98.6% (+159,881 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -31.5% (-73,450 JPY/sq.m).


Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 7.8% of total transactions in 2012 and 13.3% of total transactions in 2013)

Breakdown of each segment

The table below shows Land dealt in Sagami Railway Main 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:

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Land stations market overview

The average price of a sq.m Land of Nishiyokohama, the highest market value along this railway was 449,603 JPY/sq.m. The market value represents an increase of 249,650 JPY (+124.9%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 2 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Ebina, the lowest market value along this railway was 109,641 JPY/sq.m. The market value represents a decrease of 20,533 JPY (-15.8%) compared to 1 year ago and a transition to a weak market. 23 properties exchanged hands ( The market value represents an increase of 6 (+35.3%) compared to 1 year ago and a transition to a dramatic market.).

Sagami Railway Main Line (Stations Land market overview)
Sagami Railway Main LineThis year(2013)1 year ago2 years ago
Yokohama271,154 JPY (0.0Y/82.5sq.m)194,168 JPY (0.0Y/157.5sq.m)301,495 JPY (0.0Y/156.2sq.m)
Hiranumabashi352,778 JPY (0.0Y/240.0sq.m)453,333 JPY (0.0Y/1037.5sq.m)-
Nishiyokohama449,603 JPY (0.0Y/246.2sq.m)199,953 JPY (0.0Y/484.2sq.m)165,165 JPY (0.0Y/173.3sq.m)
Tennnouchou336,781 JPY (0.0Y/110.0sq.m)301,511 JPY (0.0Y/158.8sq.m)487,500 JPY (0.0Y/80.0sq.m)
Hoshikawa139,710 JPY (0.0Y/139.2sq.m)233,020 JPY (0.0Y/152.5sq.m)124,126 JPY (0.0Y/127.5sq.m)
Wadamachi216,425 JPY (0.0Y/196.2sq.m)212,054 JPY (0.0Y/167.5sq.m)165,602 JPY (0.0Y/559.2sq.m)
Kamihoshikawa191,604 JPY (0.0Y/190.0sq.m)126,750 JPY (0.0Y/193.3sq.m)190,033 JPY (0.0Y/395.6sq.m)
Nishiya166,930 JPY (0.0Y/180.0sq.m)96,818 JPY (0.0Y/168.3sq.m)192,717 JPY (0.0Y/161.0sq.m)
Tsurugamine167,594 JPY (0.0Y/120.0sq.m)130,528 JPY (0.0Y/160.3sq.m)123,079 JPY (0.0Y/386.9sq.m)
Futamatagawa188,596 JPY (0.0Y/222.5sq.m)147,532 JPY (0.0Y/196.7sq.m)194,515 JPY (0.0Y/145.4sq.m)
Kibogaoka180,170 JPY (0.0Y/128.3sq.m)233,761 JPY (0.0Y/91.4sq.m)195,832 JPY (0.0Y/175.0sq.m)
Mitsukyou213,876 JPY (0.0Y/214.4sq.m)149,073 JPY (0.0Y/206.5sq.m)162,538 JPY (0.0Y/143.2sq.m)
Seya171,366 JPY (0.0Y/386.0sq.m)153,651 JPY (0.0Y/151.7sq.m)211,939 JPY (0.0Y/241.5sq.m)
Yamato187,418 JPY (0.0Y/219.0sq.m)192,821 JPY (0.0Y/267.3sq.m)150,920 JPY (0.0Y/169.0sq.m)
Sagamiootsuka168,966 JPY (0.0Y/130.0sq.m)150,000 JPY (0.0Y/120.0sq.m)158,461 JPY (0.0Y/118.3sq.m)
Sagamino179,480 JPY (0.0Y/117.5sq.m)157,350 JPY (0.0Y/124.4sq.m)112,659 JPY (0.0Y/351.5sq.m)
Kashiwadai183,620 JPY (0.0Y/103.3sq.m)118,857 JPY (0.0Y/328.6sq.m)141,644 JPY (0.0Y/137.5sq.m)
Ebina109,641 JPY (0.0Y/581.7sq.m)130,174 JPY (0.0Y/461.2sq.m)124,941 JPY (0.0Y/262.7sq.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

Nishiyokohama449,603 JPY/sq.m (+125% compared with the previous year)

The average price of a sq.m Land of Nishiyokohama was 449,603 JPY/sq.m. The market value represents an increase of 249,650 JPY (+124.9%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 2 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 246.2 sq.m (a -49.1% decrease compared to the 484.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 10.7 min in 2012 and 4.0 min in 2013; -62.5%)

Nishiya166,930 JPY/sq.m (+72% compared with the previous year)

The average price of a sq.m Land of Nishiya was 166,930 JPY/sq.m. The market value represents an increase of 70,113 JPY (+72.4%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents an increase of 7 (+233.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 180.0 sq.m (a +6.9% increase compared to the 168.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.7 min in 2012 and 20.8 min in 2013; +52.0%)

Hoshikawa139,710 JPY/sq.m (-40% compared with the previous year)

The average price of a sq.m Land of Hoshikawa was 139,710 JPY/sq.m. The market value represents a decrease of 93,310 JPY (-40.0%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 2 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 139.2 sq.m (a -8.7% decrease compared to the 152.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.0 min in 2012 and 12.0 min in 2013; +50.0%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 25.0% of total transactions in 2012 and 16.7% of total transactions in 2013)

Kibogaoka180,170 JPY/sq.m (-23% compared with the previous year)

The average price of a sq.m Land of Kibogaoka was 180,170 JPY/sq.m. The market value represents a decrease of 53,591 JPY (-22.9%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 4 (-57.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 128.3 sq.m (a +40.4% increase compared to the 91.4 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 10.4 min in 2012 and 8.3 min in 2013; -20.1%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.3% of total transactions in 2012 and 33.3% of total transactions in 2013)

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)