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, 2014 to Dec, 2014 was 191,735 JPY/sq.m. The market value represents an increase of 47,929 JPY (+33.3%) compared to 1 year ago and a transition to a dramatic market. 58 properties exchanged hands ( The market value represents a decrease of 26 (-31.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 328.9 sq.m (a +20.3% increase compared to the 273.3 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.

9 stations have experienced increased prices; 6 stations have experienced decreased prices. The overall trend was the same as last year. Yokohama, Hoshikawa, Nishiya, Futamatagawa, Kibogaoka, Mitsukyou, Sagamiootsuka station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Wadamachi station, where prices have increased +132.5% compared to last year; a sq.m unit now costs 161,964 JPY/sq.m.

The top 2 stations has seen prices increase +115.6% (+79,047 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -49.9% (-119,527 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 7.1% of total transactions in 2013 and 5.2% 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 1,063,657 JPY/sq.m. The market value represents an increase of 486,734 JPY (+84.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) 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 60,921 JPY/sq.m. The market value represents a decrease of 57,235 JPY (-48.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 9 (-75.0%) 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
Yokohama1,063,657 JPY (0.0Y/215.0sq.m)576,923 JPY (0.0Y/130.0sq.m)396,860 JPY (0.0Y/118.3sq.m)
Hiranumabashi-136,363 JPY (0.0Y/55.0sq.m)547,491 JPY (0.0Y/90.0sq.m)
Nishiyokohama172,028 JPY (0.0Y/87.5sq.m)353,846 JPY (0.0Y/1032.5sq.m)251,617 JPY (0.0Y/110.7sq.m)
Tennnouchou-275,862 JPY (0.0Y/145.0sq.m)328,752 JPY (0.0Y/133.0sq.m)
Hoshikawa132,458 JPY (0.0Y/160.0sq.m)66,666 JPY (0.0Y/165.0sq.m)188,399 JPY (0.0Y/196.0sq.m)
Wadamachi161,964 JPY (0.0Y/227.5sq.m)69,661 JPY (0.0Y/555.0sq.m)125,469 JPY (0.0Y/180.0sq.m)
Kamihoshikawa68,272 JPY (0.0Y/438.3sq.m)91,447 JPY (0.0Y/343.8sq.m)153,114 JPY (0.0Y/251.8sq.m)
Nishiya112,833 JPY (0.0Y/338.0sq.m)56,911 JPY (0.0Y/313.8sq.m)124,079 JPY (0.0Y/569.2sq.m)
Tsurugamine60,921 JPY (0.0Y/996.7sq.m)118,156 JPY (0.0Y/178.8sq.m)160,442 JPY (0.0Y/263.0sq.m)
Futamatagawa255,030 JPY (0.0Y/152.1sq.m)148,065 JPY (0.0Y/160.5sq.m)158,458 JPY (0.0Y/229.3sq.m)
Kibogaoka238,309 JPY (0.0Y/140.0sq.m)184,588 JPY (0.0Y/203.0sq.m)165,923 JPY (0.0Y/149.1sq.m)
Mitsukyou222,198 JPY (0.0Y/142.0sq.m)140,936 JPY (0.0Y/299.2sq.m)133,241 JPY (0.0Y/158.2sq.m)
Seya139,699 JPY (0.0Y/156.2sq.m)151,396 JPY (0.0Y/191.7sq.m)140,496 JPY (0.0Y/344.3sq.m)
Yamato218,748 JPY (0.0Y/271.7sq.m)199,474 JPY (0.0Y/87.5sq.m)145,486 JPY (0.0Y/507.5sq.m)
Sagamiootsuka196,507 JPY (0.0Y/322.5sq.m)110,308 JPY (0.0Y/387.5sq.m)99,400 JPY (0.0Y/408.3sq.m)
Sagamino-128,276 JPY (0.0Y/440.6sq.m)154,726 JPY (0.0Y/420.7sq.m)
Kashiwadai104,676 JPY (0.0Y/736.7sq.m)125,000 JPY (0.0Y/247.5sq.m)139,295 JPY (0.0Y/214.2sq.m)
Ebina108,724 JPY (0.0Y/426.7sq.m)153,487 JPY (0.0Y/315.0sq.m)137,024 JPY (0.0Y/386.5sq.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

Wadamachi161,964 JPY/sq.m (+133% compared with the previous year)

The average price of a sq.m Land of Wadamachi was 161,964 JPY/sq.m. The market value represents an increase of 92,303 JPY (+132.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 227.5 sq.m (a -59.0% decrease compared to the 555.0 sq.m of last year.).

Hoshikawa132,458 JPY/sq.m (+99% compared with the previous year)

The average price of a sq.m Land of Hoshikawa was 132,458 JPY/sq.m. The market value represents an increase of 65,792 JPY (+98.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 160.0 sq.m (a -3.0% decrease compared to the 165.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 25.0 min in 2013 and 15.3 min in 2014; -38.7%)

Nishiyokohama172,028 JPY/sq.m (-51% compared with the previous year)

The average price of a sq.m Land of Nishiyokohama was 172,028 JPY/sq.m. The market value represents a decrease of 181,818 JPY (-51.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 87.5 sq.m (a -91.5% decrease compared to the 1032.5 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 9.5 min in 2013 and 10.5 min in 2014; +10.5%)

Tsurugamine60,921 JPY/sq.m (-48% compared with the previous year)

The average price of a sq.m Land of Tsurugamine was 60,921 JPY/sq.m. The market value represents a decrease of 57,235 JPY (-48.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 9 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 996.7 sq.m (a +457.6% increase compared to the 178.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 22.2 min in 2013 and 30.0 min in 2014; +34.8%)

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)