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, 2014 to Jun, 2014 was 166,747 JPY/sq.m. The market value represents a decrease of 6,582 JPY (-3.8%) compared to 1 year ago and a transition to a some market. 68 properties exchanged hands ( The market value represents a decrease of 49 (-41.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 266.1 sq.m (a +33.7% increase compared to the 199.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving relatively large size more than 100 sq.m.

7 stations have experienced increased prices; 8 stations have experienced decreased prices. Market value of most stations decreased. Mitsukyou, Yamato station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Yokohama station, where prices have increased +237.2% compared to last year; a sq.m unit now costs 1,230,769 JPY/sq.m.

The top 2 stations has seen prices increase +128.3% (+449,186 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -37.8% (-108,936 JPY/sq.m).


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 5.1% of total transactions in 2013 and 2.9% 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 Yokohama, the highest market value along this railway was 1,230,769 JPY/sq.m. The market value represents an increase of 865,769 JPY (+237.2%) 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 price of a sq.m Land of Tsurugamine, the lowest market value along this railway was 116,420 JPY/sq.m. The market value represents a decrease of 30,884 JPY (-21.0%) compared to 1 year ago and a transition to a dramatic market. 15 properties exchanged hands ( The market value represents a decrease of 6 (-28.6%) 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
Yokohama1,230,769 JPY (0.0Y/780.0sq.m)365,000 JPY (0.0Y/80.0sq.m)400,000 JPY (0.0Y/125.0sq.m)
Hiranumabashi-284,615 JPY (0.0Y/130.0sq.m)85,714 JPY (0.0Y/280.0sq.m)
Nishiyokohama230,225 JPY (0.0Y/110.0sq.m)225,850 JPY (0.0Y/170.7sq.m)221,000 JPY (0.0Y/157.5sq.m)
Tennnouchou240,909 JPY (0.0Y/220.0sq.m)387,500 JPY (0.0Y/80.0sq.m)-
Hoshikawa149,861 JPY (0.0Y/87.5sq.m)154,040 JPY (0.0Y/200.0sq.m)233,333 JPY (0.0Y/60.0sq.m)
Wadamachi151,930 JPY (0.0Y/161.2sq.m)236,363 JPY (0.0Y/110.0sq.m)210,732 JPY (0.0Y/124.2sq.m)
Kamihoshikawa117,643 JPY (0.0Y/469.0sq.m)188,924 JPY (0.0Y/230.0sq.m)121,043 JPY (0.0Y/608.8sq.m)
Nishiya192,000 JPY (0.0Y/125.0sq.m)186,762 JPY (0.0Y/285.0sq.m)110,884 JPY (0.0Y/278.0sq.m)
Tsurugamine116,420 JPY (0.0Y/223.0sq.m)147,304 JPY (0.0Y/145.2sq.m)172,001 JPY (0.0Y/210.4sq.m)
Futamatagawa191,128 JPY (0.0Y/330.0sq.m)214,734 JPY (0.0Y/142.1sq.m)155,454 JPY (0.0Y/225.9sq.m)
Kibogaoka182,275 JPY (0.0Y/408.8sq.m)246,206 JPY (0.0Y/165.0sq.m)164,390 JPY (0.0Y/126.7sq.m)
Mitsukyou155,384 JPY (0.0Y/141.7sq.m)138,179 JPY (0.0Y/163.6sq.m)126,260 JPY (0.0Y/357.9sq.m)
Seya128,332 JPY (0.0Y/609.0sq.m)164,090 JPY (0.0Y/156.4sq.m)188,235 JPY (0.0Y/770.0sq.m)
Yamato200,794 JPY (0.0Y/97.5sq.m)168,190 JPY (0.0Y/138.8sq.m)191,007 JPY (0.0Y/139.2sq.m)
Sagamiootsuka-129,411 JPY (0.0Y/85.0sq.m)91,190 JPY (0.0Y/202.5sq.m)
Sagamino-170,192 JPY (0.0Y/306.8sq.m)159,991 JPY (0.0Y/313.1sq.m)
Kashiwadai140,000 JPY (0.0Y/95.0sq.m)130,171 JPY (0.0Y/390.6sq.m)143,389 JPY (0.0Y/225.7sq.m)
Ebina132,453 JPY (0.0Y/124.5sq.m)131,695 JPY (0.0Y/244.0sq.m)137,459 JPY (0.0Y/424.4sq.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

Yokohama1,230,769 JPY/sq.m (+237% compared with the previous year)

The average price of a sq.m Land of Yokohama was 1,230,769 JPY/sq.m. The market value represents an increase of 865,769 JPY (+237.2%) 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 780.0 sq.m (a +875.0% increase compared to the 80.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 16.5 min in 2013 and 12.0 min in 2014; -27.3%)

Yamato200,794 JPY/sq.m (+19% compared with the previous year)

The average price of a sq.m Land of Yamato was 200,794 JPY/sq.m. The market value represents an increase of 32,603 JPY (+19.4%) compared to 1 year ago and a transition to a bull market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 97.5 sq.m (a -29.7% decrease compared to the 138.8 sq.m of last year.).

Tennnouchou240,909 JPY/sq.m (-38% compared with the previous year)

The average price of a sq.m Land of Tennnouchou was 240,909 JPY/sq.m. The market value represents a decrease of 146,591 JPY (-37.8%) 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 220.0 sq.m (a +175.0% increase compared to the 80.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 9.0 min in 2013 and 8.0 min in 2014; -11.1%)

Kamihoshikawa117,643 JPY/sq.m (-38% compared with the previous year)

The average price of a sq.m Land of Kamihoshikawa was 117,643 JPY/sq.m. The market value represents a decrease of 71,282 JPY (-37.7%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 469.0 sq.m (a +103.9% increase compared to the 230.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 12.0 min in 2013 and 10.6 min in 2014; -11.7%)

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)