Sagami Railway Main Line Land market overview

The average price of a sq.m Land of Sagami Railway Main Line (Yokohama to Ebina), in Jul, 2013 to Sep, 2013 was 173,411 JPY/sq.m. The market value represents an increase of 10,426 JPY (+6.4%) compared to 1 year ago and a transition to a strong market. 101 properties exchanged hands ( The market value represents a decrease of 24 (-19.2%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 215.0 sq.m (a -22.6% decrease compared to the 277.9 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.

11 stations have experienced increased prices; 5 stations have experienced decreased prices. The overall trend was toward increased prices. Futamatagawa, Kibogaoka, Yamato station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kibogaoka station, where prices have increased +40.0% compared to last year; a sq.m unit now costs 223,174 JPY/sq.m.

The top 2 stations has seen prices increase +33.7% (+52,874 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -34.7% (-162,672 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 0.8% of total transactions in 2012 and 3.0% 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 Yokohama, the highest market value along this railway was 270,130 JPY/sq.m. The market value represents a decrease of 294,934 JPY (-52.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Kamihoshikawa, the lowest market value along this railway was 126,478 JPY/sq.m. The market value represents a decrease of 8,981 JPY (-6.6%) compared to 1 year ago and a transition to a bear 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.).

Sagami Railway Main Line (Stations Land market overview)
Sagami Railway Main LineThis year(2013)1 year ago2 years ago
Yokohama270,130 JPY (0.0Y/72.5sq.m)565,064 JPY (0.0Y/92.5sq.m)415,584 JPY (0.0Y/713.3sq.m)
Hiranumabashi360,000 JPY (0.0Y/100.0sq.m)-325,714 JPY (0.0Y/175.0sq.m)
Nishiyokohama242,803 JPY (0.0Y/127.9sq.m)221,521 JPY (0.0Y/116.0sq.m)271,108 JPY (0.0Y/133.8sq.m)
Tennnouchou269,444 JPY (0.0Y/117.5sq.m)226,006 JPY (0.0Y/113.3sq.m)295,652 JPY (0.0Y/98.3sq.m)
Hoshikawa163,636 JPY (0.0Y/110.0sq.m)142,392 JPY (0.0Y/200.0sq.m)211,538 JPY (0.0Y/260.0sq.m)
Wadamachi165,834 JPY (0.0Y/102.5sq.m)160,582 JPY (0.0Y/916.7sq.m)137,393 JPY (0.0Y/181.7sq.m)
Kamihoshikawa126,478 JPY (0.0Y/506.0sq.m)135,458 JPY (0.0Y/387.5sq.m)85,452 JPY (0.0Y/199.0sq.m)
Nishiya155,555 JPY (0.0Y/135.0sq.m)137,864 JPY (0.0Y/181.7sq.m)165,757 JPY (0.0Y/190.7sq.m)
Tsurugamine165,942 JPY (0.0Y/210.0sq.m)143,546 JPY (0.0Y/156.1sq.m)144,012 JPY (0.0Y/188.5sq.m)
Futamatagawa194,338 JPY (0.0Y/251.5sq.m)160,362 JPY (0.0Y/372.5sq.m)187,627 JPY (0.0Y/158.3sq.m)
Kibogaoka223,174 JPY (0.0Y/238.8sq.m)159,404 JPY (0.0Y/190.6sq.m)193,747 JPY (0.0Y/143.0sq.m)
Mitsukyou144,981 JPY (0.0Y/174.5sq.m)165,354 JPY (0.0Y/197.7sq.m)100,258 JPY (0.0Y/844.1sq.m)
Seya146,147 JPY (0.0Y/150.0sq.m)176,558 JPY (0.0Y/490.6sq.m)180,175 JPY (0.0Y/478.0sq.m)
Yamato194,754 JPY (0.0Y/141.1sq.m)152,776 JPY (0.0Y/253.1sq.m)208,160 JPY (0.0Y/157.2sq.m)
Sagamiootsuka-109,545 JPY (0.0Y/610.0sq.m)209,090 JPY (0.0Y/110.0sq.m)
Sagamino148,409 JPY (0.0Y/138.3sq.m)137,554 JPY (0.0Y/253.1sq.m)138,638 JPY (0.0Y/182.5sq.m)
Kashiwadai131,534 JPY (0.0Y/100.0sq.m)125,395 JPY (0.0Y/392.5sq.m)179,825 JPY (0.0Y/113.3sq.m)
Ebina137,404 JPY (0.0Y/371.7sq.m)142,132 JPY (0.0Y/285.0sq.m)149,767 JPY (0.0Y/163.8sq.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

Kibogaoka223,174 JPY/sq.m (+40% compared with the previous year)

The average price of a sq.m Land of Kibogaoka was 223,174 JPY/sq.m. The market value represents an increase of 63,770 JPY (+40.0%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 5 (-55.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 238.8 sq.m (a +25.3% increase compared to the 190.6 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 11.4 min in 2012 and 10.0 min in 2013; -12.6%)

Yamato194,754 JPY/sq.m (+27% compared with the previous year)

The average price of a sq.m Land of Yamato was 194,754 JPY/sq.m. The market value represents an increase of 41,978 JPY (+27.5%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 1 (+12.5%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 141.1 sq.m (a -44.3% decrease compared to the 253.1 sq.m of last year.).

Yokohama270,130 JPY/sq.m (-52% compared with the previous year)

The average price of a sq.m Land of Yokohama was 270,130 JPY/sq.m. The market value represents a decrease of 294,934 JPY (-52.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 72.5 sq.m (a -21.6% decrease compared to the 92.5 sq.m of last year.).

Seya146,147 JPY/sq.m (-17% compared with the previous year)

The average price of a sq.m Land of Seya was 146,147 JPY/sq.m. The market value represents a decrease of 30,410 JPY (-17.2%) compared to 1 year ago and a transition to a weak market. 7 properties exchanged hands ( The market value represents a decrease of 2 (-22.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 150.0 sq.m (a -69.4% decrease compared to the 490.6 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 21.9 min in 2012 and 15.3 min in 2013; -30.2%)

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)