Sagami Railway Main Line Land market overview

The average price of a sq.m Land of Sagami Railway Main Line (Yokohama to Ebina), in Oct, 2013 to Dec, 2013 was 143,805 JPY/sq.m. The market value represents a decrease of 24,520 JPY (-14.6%) compared to 1 year ago and a transition to a weak market. 84 properties exchanged hands ( The market value represents a decrease of 70 (-45.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 273.3 sq.m (a -1.7% decrease compared to the 278.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

8 stations have experienced increased prices; 10 stations have experienced decreased prices. The overall trend was the same as last year. Yokohama, Nishiyokohama, Yamato station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Yokohama station, where prices have increased +45.4% compared to last year; a sq.m unit now costs 576,923 JPY/sq.m.

The top 2 stations has seen prices increase +43.0% (+141,146 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -69.9% (-266,430 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 2.6% of total transactions in 2012 and 7.1% 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:

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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 576,923 JPY/sq.m. The market value represents an increase of 180,063 JPY (+45.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Nishiya, the lowest market value along this railway was 56,911 JPY/sq.m. The market value represents a decrease of 67,168 JPY (-54.1%) 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.).

Sagami Railway Main Line (Stations Land market overview)
Sagami Railway Main LineThis year(2013)1 year ago2 years ago
Yokohama576,923 JPY (0.0Y/130.0sq.m)396,860 JPY (0.0Y/118.3sq.m)309,863 JPY (0.0Y/208.3sq.m)
Hiranumabashi136,363 JPY (0.0Y/55.0sq.m)547,491 JPY (0.0Y/90.0sq.m)400,000 JPY (0.0Y/250.0sq.m)
Nishiyokohama353,846 JPY (0.0Y/1032.5sq.m)251,617 JPY (0.0Y/110.7sq.m)360,000 JPY (0.0Y/150.0sq.m)
Tennnouchou275,862 JPY (0.0Y/145.0sq.m)328,752 JPY (0.0Y/133.0sq.m)242,105 JPY (0.0Y/190.0sq.m)
Hoshikawa66,666 JPY (0.0Y/165.0sq.m)188,399 JPY (0.0Y/196.0sq.m)153,685 JPY (0.0Y/446.4sq.m)
Wadamachi69,661 JPY (0.0Y/555.0sq.m)125,469 JPY (0.0Y/180.0sq.m)141,927 JPY (0.0Y/153.0sq.m)
Kamihoshikawa91,447 JPY (0.0Y/343.8sq.m)153,114 JPY (0.0Y/251.8sq.m)202,684 JPY (0.0Y/730.0sq.m)
Nishiya56,911 JPY (0.0Y/313.8sq.m)124,079 JPY (0.0Y/569.2sq.m)180,065 JPY (0.0Y/162.0sq.m)
Tsurugamine118,156 JPY (0.0Y/178.8sq.m)160,442 JPY (0.0Y/263.0sq.m)95,725 JPY (0.0Y/396.1sq.m)
Futamatagawa148,065 JPY (0.0Y/160.5sq.m)158,458 JPY (0.0Y/229.3sq.m)123,326 JPY (0.0Y/170.0sq.m)
Kibogaoka184,588 JPY (0.0Y/203.0sq.m)165,923 JPY (0.0Y/149.1sq.m)225,845 JPY (0.0Y/147.5sq.m)
Mitsukyou140,936 JPY (0.0Y/299.2sq.m)133,241 JPY (0.0Y/158.2sq.m)179,204 JPY (0.0Y/163.7sq.m)
Seya151,396 JPY (0.0Y/191.7sq.m)140,496 JPY (0.0Y/344.3sq.m)151,702 JPY (0.0Y/331.1sq.m)
Yamato199,474 JPY (0.0Y/87.5sq.m)145,486 JPY (0.0Y/507.5sq.m)202,188 JPY (0.0Y/221.7sq.m)
Sagamiootsuka110,308 JPY (0.0Y/387.5sq.m)99,400 JPY (0.0Y/408.3sq.m)241,666 JPY (0.0Y/120.0sq.m)
Sagamino128,276 JPY (0.0Y/440.6sq.m)154,726 JPY (0.0Y/420.7sq.m)149,434 JPY (0.0Y/232.3sq.m)
Kashiwadai125,000 JPY (0.0Y/247.5sq.m)139,295 JPY (0.0Y/214.2sq.m)146,336 JPY (0.0Y/294.4sq.m)
Ebina153,487 JPY (0.0Y/315.0sq.m)137,024 JPY (0.0Y/386.5sq.m)178,196 JPY (0.0Y/480.0sq.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.
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Noteworthy stations

Yokohama576,923 JPY/sq.m (+45% compared with the previous year)

The average price of a sq.m Land of Yokohama was 576,923 JPY/sq.m. The market value represents an increase of 180,063 JPY (+45.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 130.0 sq.m (a +9.9% increase compared to the 118.3 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 8.0 min in 2013; -25.0%)

Nishiyokohama353,846 JPY/sq.m (+41% compared with the previous year)

The average price of a sq.m Land of Nishiyokohama was 353,846 JPY/sq.m. The market value represents an increase of 102,229 JPY (+40.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 5 (-71.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1032.5 sq.m (a +832.6% increase compared to the 110.7 sq.m of last year.).

Hiranumabashi136,363 JPY/sq.m (-75% compared with the previous year)

The average price of a sq.m Land of Hiranumabashi was 136,363 JPY/sq.m. The market value represents a decrease of 411,128 JPY (-75.1%) 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.).

The average size of the real estate was 55.0 sq.m (a -38.9% decrease compared to the 90.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.0 min in 2012 and 6.0 min in 2013; +20.0%)

Hoshikawa66,666 JPY/sq.m (-65% compared with the previous year)

The average price of a sq.m Land of Hoshikawa was 66,666 JPY/sq.m. The market value represents a decrease of 121,733 JPY (-64.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 165.0 sq.m (a -15.8% decrease compared to the 196.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 11.4 min in 2012 and 25.0 min in 2013; +119.3%)

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)