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, 2014 to Sep, 2014 was 159,181 JPY/sq.m. The market value represents a decrease of 14,230 JPY (-8.2%) compared to 1 year ago and a transition to a bear market. 82 properties exchanged hands ( The market value represents a decrease of 19 (-18.8%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 278.5 sq.m (a +29.5% increase compared to the 215.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large size more than 200 sq.m.

9 stations have experienced increased prices; 8 stations have experienced decreased prices. The overall trend was the same as last year. Nishiyokohama, Tennnouchou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nishiyokohama station, where prices have increased +61.2% compared to last year; a sq.m unit now costs 391,304 JPY/sq.m.

The top 2 stations has seen prices increase +49.2% (+124,528 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -46.2% (-76,566 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 6.9% of total transactions in 2013 and 3.7% 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 391,304 JPY/sq.m. The market value represents an increase of 148,501 JPY (+61.2%) 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 price of a sq.m Land of Wadamachi, the lowest market value along this railway was 68,729 JPY/sq.m. The market value represents a decrease of 97,104 JPY (-58.6%) compared to 1 year ago and a transition to a dramatic 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.).

Sagami Railway Main Line (Stations Land market overview)
Sagami Railway Main LineThis year(2014)1 year ago2 years ago
Yokohama278,571 JPY (0.0Y/140.0sq.m)270,130 JPY (0.0Y/72.5sq.m)565,064 JPY (0.0Y/92.5sq.m)
Hiranumabashi320,000 JPY (0.0Y/100.0sq.m)360,000 JPY (0.0Y/100.0sq.m)-
Nishiyokohama391,304 JPY (0.0Y/85.0sq.m)242,803 JPY (0.0Y/127.9sq.m)221,521 JPY (0.0Y/116.0sq.m)
Tennnouchou370,000 JPY (0.0Y/100.0sq.m)269,444 JPY (0.0Y/117.5sq.m)226,006 JPY (0.0Y/113.3sq.m)
Hoshikawa194,136 JPY (0.0Y/133.3sq.m)163,636 JPY (0.0Y/110.0sq.m)142,392 JPY (0.0Y/200.0sq.m)
Wadamachi68,729 JPY (0.0Y/526.7sq.m)165,834 JPY (0.0Y/102.5sq.m)160,582 JPY (0.0Y/916.7sq.m)
Kamihoshikawa108,452 JPY (0.0Y/311.7sq.m)126,478 JPY (0.0Y/506.0sq.m)135,458 JPY (0.0Y/387.5sq.m)
Nishiya183,250 JPY (0.0Y/141.0sq.m)155,555 JPY (0.0Y/135.0sq.m)137,864 JPY (0.0Y/181.7sq.m)
Tsurugamine109,913 JPY (0.0Y/315.4sq.m)165,942 JPY (0.0Y/210.0sq.m)143,546 JPY (0.0Y/156.1sq.m)
Futamatagawa169,005 JPY (0.0Y/245.0sq.m)194,338 JPY (0.0Y/251.5sq.m)160,362 JPY (0.0Y/372.5sq.m)
Kibogaoka179,711 JPY (0.0Y/350.0sq.m)223,174 JPY (0.0Y/238.8sq.m)159,404 JPY (0.0Y/190.6sq.m)
Mitsukyou125,541 JPY (0.0Y/401.4sq.m)144,981 JPY (0.0Y/174.5sq.m)165,354 JPY (0.0Y/197.7sq.m)
Seya167,084 JPY (0.0Y/333.8sq.m)146,147 JPY (0.0Y/150.0sq.m)176,558 JPY (0.0Y/490.6sq.m)
Yamato218,013 JPY (0.0Y/156.7sq.m)194,754 JPY (0.0Y/141.1sq.m)152,776 JPY (0.0Y/253.1sq.m)
Sagamiootsuka--109,545 JPY (0.0Y/610.0sq.m)
Sagamino119,722 JPY (0.0Y/331.2sq.m)148,409 JPY (0.0Y/138.3sq.m)137,554 JPY (0.0Y/253.1sq.m)
Kashiwadai145,673 JPY (0.0Y/214.4sq.m)131,534 JPY (0.0Y/100.0sq.m)125,395 JPY (0.0Y/392.5sq.m)
Ebina142,607 JPY (0.0Y/276.0sq.m)137,404 JPY (0.0Y/371.7sq.m)142,132 JPY (0.0Y/285.0sq.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

Nishiyokohama391,304 JPY/sq.m (+61% compared with the previous year)

The average price of a sq.m Land of Nishiyokohama was 391,304 JPY/sq.m. The market value represents an increase of 148,501 JPY (+61.2%) 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 85.0 sq.m (a -33.5% decrease compared to the 127.9 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 8.1 min in 2013 and 5.5 min in 2014; -32.5%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 28.6% of total transactions in 2013 and 50.0% of total transactions in 2014)

Tennnouchou370,000 JPY/sq.m (+37% compared with the previous year)

The average price of a sq.m Land of Tennnouchou was 370,000 JPY/sq.m. The market value represents an increase of 100,556 JPY (+37.3%) 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 100.0 sq.m (a -14.9% decrease compared to the 117.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 11.5 min in 2013 and 9.0 min in 2014; -21.7%)

Wadamachi68,729 JPY/sq.m (-59% compared with the previous year)

The average price of a sq.m Land of Wadamachi was 68,729 JPY/sq.m. The market value represents a decrease of 97,104 JPY (-58.6%) compared to 1 year ago and a transition to a dramatic 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 size of the real estate was 526.7 sq.m (a +413.8% increase compared to the 102.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 18.8 min in 2013 and 14.3 min in 2014; -23.6%)

Tsurugamine109,913 JPY/sq.m (-34% compared with the previous year)

The average price of a sq.m Land of Tsurugamine was 109,913 JPY/sq.m. The market value represents a decrease of 56,028 JPY (-33.8%) compared to 1 year ago and a transition to a dramatic market. 13 properties exchanged hands ( The market value represents an increase of 4 (+44.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 315.4 sq.m (a +50.2% increase compared to the 210.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 20.7 min in 2013 and 24.2 min in 2014; +17.2%)

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)