Sagami Railway Main Line Land market overview

The average price of a sq.m Land of Sagami Railway Main Line (Yokohama to Ebina), in Apr, 2013 to Jun, 2013 was 173,329 JPY/sq.m. The market value represents an increase of 14,849 JPY (+9.4%) compared to 1 year ago and a transition to a strong market. 117 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 199.0 sq.m (a -29.0% decrease compared to the 280.3 sq.m of last year.).

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

10 stations have experienced increased prices; 7 stations have experienced decreased prices. The overall trend was the same as last year. Kamihoshikawa, Nishiya, Futamatagawa, Kibogaoka, Sagamiootsuka station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Hiranumabashi station, where prices have increased +232.1% compared to last year; a sq.m unit now costs 284,615 JPY/sq.m.

The top 2 stations has seen prices increase +150.2% (+137,389 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -24.2% (-51,995 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 4.3% of total transactions in 2012 and 5.1% 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:

Top

Land stations market overview

The average price of a sq.m Land of Yokohama, the highest market value along this railway was 365,000 JPY/sq.m. The market value represents a decrease of 35,000 JPY (-8.8%) compared to 1 year ago and a transition to a bear market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Sagamiootsuka, the lowest market value along this railway was 129,411 JPY/sq.m. The market value represents an increase of 38,221 JPY (+41.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) 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
Yokohama365,000 JPY (0.0Y/80.0sq.m)400,000 JPY (0.0Y/125.0sq.m)671,926 JPY (0.0Y/285.0sq.m)
Hiranumabashi284,615 JPY (0.0Y/130.0sq.m)85,714 JPY (0.0Y/280.0sq.m)-
Nishiyokohama225,850 JPY (0.0Y/170.7sq.m)221,000 JPY (0.0Y/157.5sq.m)209,347 JPY (0.0Y/91.7sq.m)
Tennnouchou387,500 JPY (0.0Y/80.0sq.m)-270,000 JPY (0.0Y/80.0sq.m)
Hoshikawa154,040 JPY (0.0Y/200.0sq.m)233,333 JPY (0.0Y/60.0sq.m)90,760 JPY (0.0Y/190.0sq.m)
Wadamachi236,363 JPY (0.0Y/110.0sq.m)210,732 JPY (0.0Y/124.2sq.m)204,761 JPY (0.0Y/210.0sq.m)
Kamihoshikawa188,924 JPY (0.0Y/230.0sq.m)121,043 JPY (0.0Y/608.8sq.m)112,140 JPY (0.0Y/147.5sq.m)
Nishiya186,762 JPY (0.0Y/285.0sq.m)110,884 JPY (0.0Y/278.0sq.m)173,026 JPY (0.0Y/144.7sq.m)
Tsurugamine147,304 JPY (0.0Y/145.2sq.m)172,001 JPY (0.0Y/210.4sq.m)116,585 JPY (0.0Y/215.4sq.m)
Futamatagawa214,734 JPY (0.0Y/142.1sq.m)155,454 JPY (0.0Y/225.9sq.m)223,669 JPY (0.0Y/129.0sq.m)
Kibogaoka246,206 JPY (0.0Y/165.0sq.m)164,390 JPY (0.0Y/126.7sq.m)233,591 JPY (0.0Y/218.0sq.m)
Mitsukyou138,179 JPY (0.0Y/163.6sq.m)126,260 JPY (0.0Y/357.9sq.m)201,364 JPY (0.0Y/241.5sq.m)
Seya164,090 JPY (0.0Y/156.4sq.m)188,235 JPY (0.0Y/770.0sq.m)128,488 JPY (0.0Y/135.0sq.m)
Yamato168,190 JPY (0.0Y/138.8sq.m)191,007 JPY (0.0Y/139.2sq.m)232,517 JPY (0.0Y/311.9sq.m)
Sagamiootsuka129,411 JPY (0.0Y/85.0sq.m)91,190 JPY (0.0Y/202.5sq.m)191,977 JPY (0.0Y/337.5sq.m)
Sagamino170,192 JPY (0.0Y/306.8sq.m)159,991 JPY (0.0Y/313.1sq.m)145,270 JPY (0.0Y/127.1sq.m)
Kashiwadai130,171 JPY (0.0Y/390.6sq.m)143,389 JPY (0.0Y/225.7sq.m)130,766 JPY (0.0Y/417.2sq.m)
Ebina131,695 JPY (0.0Y/244.0sq.m)137,459 JPY (0.0Y/424.4sq.m)147,071 JPY (0.0Y/239.0sq.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.
Top

Noteworthy stations

Hiranumabashi284,615 JPY/sq.m (+232% compared with the previous year)

The average price of a sq.m Land of Hiranumabashi was 284,615 JPY/sq.m. The market value represents an increase of 198,901 JPY (+232.1%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 130.0 sq.m (a -53.6% decrease compared to the 280.0 sq.m of last year.).

Nishiya186,762 JPY/sq.m (+68% compared with the previous year)

The average price of a sq.m Land of Nishiya was 186,762 JPY/sq.m. The market value represents an increase of 75,878 JPY (+68.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 285.0 sq.m (a +2.5% increase compared to the 278.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.8 min in 2012 and 19.0 min in 2013; +37.7%)

Hoshikawa154,040 JPY/sq.m (-34% compared with the previous year)

The average price of a sq.m Land of Hoshikawa was 154,040 JPY/sq.m. The market value represents a decrease of 79,293 JPY (-34.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 200.0 sq.m (a +233.3% increase compared to the 60.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.0 min in 2012 and 12.0 min in 2013; +100.0%)

Tsurugamine147,304 JPY/sq.m (-14% compared with the previous year)

The average price of a sq.m Land of Tsurugamine was 147,304 JPY/sq.m. The market value represents a decrease of 24,697 JPY (-14.4%) compared to 1 year ago and a transition to a weak market. 21 properties exchanged hands ( The market value represents an increase of 9 (+75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 145.2 sq.m (a -31.0% decrease compared to the 210.4 sq.m of last year.).

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 8.3% of total transactions in 2012 and 4.8% 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)