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, 2014 to Mar, 2014 was 181,374 JPY/sq.m. The market value represents a decrease of 4,090 JPY (-2.2%) compared to 1 year ago and a transition to a slight market. 75 properties exchanged hands ( The market value represents a decrease of 31 (-29.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 252.5 sq.m (a -6.7% decrease compared to the 270.7 sq.m of last year.).

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

6 stations have experienced increased prices; 11 stations have experienced decreased prices. Market value of most stations decreased. Seya, Yamato, Ebina station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Ebina station, where prices have increased +47.7% compared to last year; a sq.m unit now costs 161,905 JPY/sq.m.

The top 2 stations has seen prices increase +37.5% (+51,713 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -51.3% (-89,575 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 17.8 min in 2013 and 15.9 min in 2014; -10.7%)

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 13.3% of total transactions in 2013 and 5.3% of total transactions in 2014)

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 403,207 JPY/sq.m. The market value represents a decrease of 46,395 JPY (-10.3%) compared to 1 year ago and a transition to a weak market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) 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 75,776 JPY/sq.m. The market value represents a decrease of 91,154 JPY (-54.6%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 5 (-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(2014)1 year ago2 years ago
Yokohama175,000 JPY (0.0Y/120.0sq.m)271,154 JPY (0.0Y/82.5sq.m)194,168 JPY (0.0Y/157.5sq.m)
Hiranumabashi-352,778 JPY (0.0Y/240.0sq.m)453,333 JPY (0.0Y/1037.5sq.m)
Nishiyokohama403,207 JPY (0.0Y/91.7sq.m)449,603 JPY (0.0Y/246.2sq.m)199,953 JPY (0.0Y/484.2sq.m)
Tennnouchou343,907 JPY (0.0Y/155.0sq.m)336,781 JPY (0.0Y/110.0sq.m)301,511 JPY (0.0Y/158.8sq.m)
Hoshikawa134,615 JPY (0.0Y/260.0sq.m)139,710 JPY (0.0Y/139.2sq.m)233,020 JPY (0.0Y/152.5sq.m)
Wadamachi183,798 JPY (0.0Y/247.1sq.m)216,425 JPY (0.0Y/196.2sq.m)212,054 JPY (0.0Y/167.5sq.m)
Kamihoshikawa176,921 JPY (0.0Y/220.0sq.m)191,604 JPY (0.0Y/190.0sq.m)126,750 JPY (0.0Y/193.3sq.m)
Nishiya75,776 JPY (0.0Y/398.0sq.m)166,930 JPY (0.0Y/180.0sq.m)96,818 JPY (0.0Y/168.3sq.m)
Tsurugamine119,182 JPY (0.0Y/278.8sq.m)167,594 JPY (0.0Y/120.0sq.m)130,528 JPY (0.0Y/160.3sq.m)
Futamatagawa213,332 JPY (0.0Y/222.3sq.m)188,596 JPY (0.0Y/222.5sq.m)147,532 JPY (0.0Y/196.7sq.m)
Kibogaoka183,199 JPY (0.0Y/122.0sq.m)180,170 JPY (0.0Y/128.3sq.m)233,761 JPY (0.0Y/91.4sq.m)
Mitsukyou204,490 JPY (0.0Y/222.5sq.m)213,876 JPY (0.0Y/214.4sq.m)149,073 JPY (0.0Y/206.5sq.m)
Seya208,241 JPY (0.0Y/133.3sq.m)171,366 JPY (0.0Y/386.0sq.m)153,651 JPY (0.0Y/151.7sq.m)
Yamato238,580 JPY (0.0Y/226.0sq.m)187,418 JPY (0.0Y/219.0sq.m)192,821 JPY (0.0Y/267.3sq.m)
Sagamiootsuka125,000 JPY (0.0Y/80.0sq.m)168,966 JPY (0.0Y/130.0sq.m)150,000 JPY (0.0Y/120.0sq.m)
Sagamino110,920 JPY (0.0Y/360.0sq.m)179,480 JPY (0.0Y/117.5sq.m)157,350 JPY (0.0Y/124.4sq.m)
Kashiwadai95,625 JPY (0.0Y/120.0sq.m)183,620 JPY (0.0Y/103.3sq.m)118,857 JPY (0.0Y/328.6sq.m)
Ebina161,905 JPY (0.0Y/642.5sq.m)109,641 JPY (0.0Y/581.7sq.m)130,174 JPY (0.0Y/461.2sq.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

Ebina161,905 JPY/sq.m (+48% compared with the previous year)

The average price of a sq.m Land of Ebina was 161,905 JPY/sq.m. The market value represents an increase of 52,264 JPY (+47.7%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 19 (-82.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 642.5 sq.m (a +10.4% increase compared to the 581.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 34.9 min in 2013 and 21.5 min in 2014; -38.4%)

Yamato238,580 JPY/sq.m (+27% compared with the previous year)

The average price of a sq.m Land of Yamato was 238,580 JPY/sq.m. The market value represents an increase of 51,162 JPY (+27.3%) 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 226.0 sq.m (a +3.2% increase compared to the 219.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.6 min in 2013 and 11.2 min in 2014; +30.2%)

Nishiya75,776 JPY/sq.m (-55% compared with the previous year)

The average price of a sq.m Land of Nishiya was 75,776 JPY/sq.m. The market value represents a decrease of 91,154 JPY (-54.6%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 5 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 398.0 sq.m (a +121.1% increase compared to the 180.0 sq.m of last year.).

Kashiwadai95,625 JPY/sq.m (-48% compared with the previous year)

The average price of a sq.m Land of Kashiwadai was 95,625 JPY/sq.m. The market value represents a decrease of 87,995 JPY (-47.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 120.0 sq.m (a +16.1% increase compared to the 103.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 14.3 min in 2013 and 17.5 min in 2014; +22.1%)

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)