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 Dec, 2013 was 170,437 JPY/sq.m. The market value represents an increase of 6,981 JPY (+4.3%) compared to 1 year ago and a transition to a some market. 408 properties exchanged hands ( The market value represents a decrease of 117 (-22.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 236.9 sq.m (a -13.2% decrease compared to the 272.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

11 stations have experienced increased prices; 7 stations have experienced decreased prices. The overall trend was toward increased prices. Nishiyokohama, Nishiya, Futamatagawa, Sagamiootsuka station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Sagamiootsuka station, where prices have increased +29.5% compared to last year; a sq.m unit now costs 137,591 JPY/sq.m.

The top 2 stations has seen prices increase +28.1% (+45,733 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -27.6% (-82,375 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 4.8% of total transactions in 2012 and 8.1% 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 341,356 JPY/sq.m. The market value represents a decrease of 47,275 JPY (-12.2%) compared to 1 year ago and a transition to a weak market. 7 properties exchanged hands ( The market value represents a decrease of 1 (-12.5%) compared to 1 year ago and a transition to a weak market.).

The average price of a sq.m Land of Ebina, the lowest market value along this railway was 128,995 JPY/sq.m. The market value represents a decrease of 7,867 JPY (-5.7%) compared to 1 year ago and a transition to a bear market. 63 properties exchanged hands ( The market value represents a decrease of 14 (-18.2%) compared to 1 year ago and a transition to a weak market.).

Sagami Railway Main Line (Stations Land market overview)
Sagami Railway Main LineThis year(2013)1 year ago2 years ago
Yokohama341,356 JPY (0.0Y/85.7sq.m)388,630 JPY (0.0Y/122.5sq.m)396,953 JPY (0.0Y/406.7sq.m)
Hiranumabashi297,307 JPY (0.0Y/153.0sq.m)408,507 JPY (0.0Y/507.0sq.m)362,857 JPY (0.0Y/212.5sq.m)
Nishiyokohama285,938 JPY (0.0Y/257.0sq.m)225,856 JPY (0.0Y/216.9sq.m)233,452 JPY (0.0Y/134.5sq.m)
Tennnouchou312,635 JPY (0.0Y/113.3sq.m)280,389 JPY (0.0Y/132.0sq.m)308,080 JPY (0.0Y/103.6sq.m)
Hoshikawa137,664 JPY (0.0Y/151.0sq.m)191,212 JPY (0.0Y/175.0sq.m)139,067 JPY (0.0Y/323.8sq.m)
Wadamachi178,423 JPY (0.0Y/210.4sq.m)179,396 JPY (0.0Y/303.3sq.m)154,679 JPY (0.0Y/325.0sq.m)
Kamihoshikawa139,346 JPY (0.0Y/352.5sq.m)139,571 JPY (0.0Y/316.6sq.m)150,207 JPY (0.0Y/347.0sq.m)
Nishiya145,155 JPY (0.0Y/224.7sq.m)117,820 JPY (0.0Y/344.4sq.m)179,825 JPY (0.0Y/164.1sq.m)
Tsurugamine147,315 JPY (0.0Y/160.1sq.m)149,987 JPY (0.0Y/196.2sq.m)123,646 JPY (0.0Y/291.4sq.m)
Futamatagawa188,481 JPY (0.0Y/191.4sq.m)156,471 JPY (0.0Y/257.9sq.m)190,318 JPY (0.0Y/148.1sq.m)
Kibogaoka208,811 JPY (0.0Y/188.4sq.m)176,123 JPY (0.0Y/141.4sq.m)206,068 JPY (0.0Y/167.1sq.m)
Mitsukyou159,061 JPY (0.0Y/201.2sq.m)143,546 JPY (0.0Y/235.4sq.m)165,720 JPY (0.0Y/334.7sq.m)
Seya157,475 JPY (0.0Y/209.0sq.m)155,926 JPY (0.0Y/389.2sq.m)174,983 JPY (0.0Y/297.3sq.m)
Yamato189,115 JPY (0.0Y/148.6sq.m)174,177 JPY (0.0Y/284.2sq.m)203,790 JPY (0.0Y/216.8sq.m)
Sagamiootsuka137,591 JPY (0.0Y/224.0sq.m)106,209 JPY (0.0Y/371.2sq.m)188,228 JPY (0.0Y/215.0sq.m)
Sagamino156,516 JPY (0.0Y/272.1sq.m)152,415 JPY (0.0Y/268.6sq.m)136,610 JPY (0.0Y/236.7sq.m)
Kashiwadai137,427 JPY (0.0Y/260.8sq.m)129,976 JPY (0.0Y/294.5sq.m)154,477 JPY (0.0Y/249.8sq.m)
Ebina128,995 JPY (0.0Y/409.0sq.m)136,862 JPY (0.0Y/386.8sq.m)142,234 JPY (0.0Y/246.8sq.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.
Top

Noteworthy stations

Sagamiootsuka137,591 JPY/sq.m (+30% compared with the previous year)

The average price of a sq.m Land of Sagamiootsuka was 137,591 JPY/sq.m. The market value represents an increase of 31,383 JPY (+29.5%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 3 (-37.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 224.0 sq.m (a -39.7% decrease compared to the 371.2 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 11.4 min in 2012 and 13.4 min in 2013; +17.8%)

Nishiyokohama285,938 JPY/sq.m (+27% compared with the previous year)

The average price of a sq.m Land of Nishiyokohama was 285,938 JPY/sq.m. The market value represents an increase of 60,082 JPY (+26.6%) compared to 1 year ago and a transition to a dramatic market. 20 properties exchanged hands ( The market value represents a decrease of 4 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 257.0 sq.m (a +18.5% increase compared to the 216.9 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 7.0 min in 2013; -32.3%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 4.2% of total transactions in 2012 and 40.0% of total transactions in 2013)

Hoshikawa137,664 JPY/sq.m (-28% compared with the previous year)

The average price of a sq.m Land of Hoshikawa was 137,664 JPY/sq.m. The market value represents a decrease of 53,548 JPY (-28.0%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents a decrease of 4 (-28.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 151.0 sq.m (a -13.7% decrease compared to the 175.0 sq.m of last year.).

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 7.1% of total transactions in 2012 and 10.0% of total transactions in 2013)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.1 min in 2012 and 13.4 min in 2013; +33.0%)

Hiranumabashi297,307 JPY/sq.m (-27% compared with the previous year)

The average price of a sq.m Land of Hiranumabashi was 297,307 JPY/sq.m. The market value represents a decrease of 111,201 JPY (-27.2%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 153.0 sq.m (a -69.8% decrease compared to the 507.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.2 min in 2012 and 10.6 min in 2013; +29.3%)
  • A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 20.0% of total transactions in 2012 and 20.0% 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)