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 Dec, 2014 was 173,549 JPY/sq.m. The market value represents an increase of 3,112 JPY (+1.8%) compared to 1 year ago and a transition to a slight market. 283 properties exchanged hands ( The market value represents a decrease of 125 (-30.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 279.0 sq.m (a +17.7% increase compared to the 236.9 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.

10 stations have experienced increased prices; 8 stations have experienced decreased prices. The overall trend was the same as last year. Sagamiootsuka station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Yokohama station, where prices have increased +123.3% compared to last year; a sq.m unit now costs 762,331 JPY/sq.m.

The top 2 stations has seen prices increase +74.4% (+228,028 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -25.4% (-38,579 JPY/sq.m).


Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 1.2% of total transactions in 2013 and 2.1% of total transactions in 2014)

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 8.1% of total transactions in 2013 and 4.2% 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:

Top

Land stations market overview

The average price of a sq.m Land of Yokohama, the highest market value along this railway was 762,331 JPY/sq.m. The market value represents an increase of 420,975 JPY (+123.3%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 2 (-28.6%) 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 111,352 JPY/sq.m. The market value represents a decrease of 35,964 JPY (-24.4%) compared to 1 year ago and a transition to a dramatic market. 43 properties exchanged hands ( The market value represents a decrease of 8 (-15.7%) 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(2014)1 year ago2 years ago
Yokohama762,331 JPY (0.0Y/294.0sq.m)341,356 JPY (0.0Y/85.7sq.m)388,630 JPY (0.0Y/122.5sq.m)
Hiranumabashi320,000 JPY (0.0Y/100.0sq.m)297,307 JPY (0.0Y/153.0sq.m)408,507 JPY (0.0Y/507.0sq.m)
Nishiyokohama296,108 JPY (0.0Y/96.4sq.m)285,938 JPY (0.0Y/257.0sq.m)225,856 JPY (0.0Y/216.9sq.m)
Tennnouchou324,681 JPY (0.0Y/157.5sq.m)312,635 JPY (0.0Y/113.3sq.m)280,389 JPY (0.0Y/132.0sq.m)
Hoshikawa157,124 JPY (0.0Y/146.1sq.m)137,664 JPY (0.0Y/151.0sq.m)191,212 JPY (0.0Y/175.0sq.m)
Wadamachi151,526 JPY (0.0Y/275.6sq.m)178,423 JPY (0.0Y/210.4sq.m)179,396 JPY (0.0Y/303.3sq.m)
Kamihoshikawa117,796 JPY (0.0Y/375.4sq.m)139,346 JPY (0.0Y/352.5sq.m)139,571 JPY (0.0Y/316.6sq.m)
Nishiya128,206 JPY (0.0Y/281.9sq.m)145,155 JPY (0.0Y/224.7sq.m)117,820 JPY (0.0Y/344.4sq.m)
Tsurugamine111,352 JPY (0.0Y/320.5sq.m)147,315 JPY (0.0Y/160.1sq.m)149,987 JPY (0.0Y/196.2sq.m)
Futamatagawa207,274 JPY (0.0Y/229.3sq.m)188,481 JPY (0.0Y/191.4sq.m)156,471 JPY (0.0Y/257.9sq.m)
Kibogaoka192,341 JPY (0.0Y/286.3sq.m)208,811 JPY (0.0Y/188.4sq.m)176,123 JPY (0.0Y/141.4sq.m)
Mitsukyou168,524 JPY (0.0Y/258.2sq.m)159,061 JPY (0.0Y/201.2sq.m)143,546 JPY (0.0Y/235.4sq.m)
Seya155,845 JPY (0.0Y/337.8sq.m)157,475 JPY (0.0Y/209.0sq.m)155,926 JPY (0.0Y/389.2sq.m)
Yamato223,444 JPY (0.0Y/200.8sq.m)189,115 JPY (0.0Y/148.6sq.m)174,177 JPY (0.0Y/284.2sq.m)
Sagamiootsuka172,671 JPY (0.0Y/241.7sq.m)137,591 JPY (0.0Y/224.0sq.m)106,209 JPY (0.0Y/371.2sq.m)
Sagamino115,321 JPY (0.0Y/345.6sq.m)156,516 JPY (0.0Y/272.1sq.m)152,415 JPY (0.0Y/268.6sq.m)
Kashiwadai126,861 JPY (0.0Y/356.8sq.m)137,427 JPY (0.0Y/260.8sq.m)129,976 JPY (0.0Y/294.5sq.m)
Ebina132,318 JPY (0.0Y/310.2sq.m)128,995 JPY (0.0Y/409.0sq.m)136,862 JPY (0.0Y/386.8sq.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

Yokohama762,331 JPY/sq.m (+123% compared with the previous year)

The average price of a sq.m Land of Yokohama was 762,331 JPY/sq.m. The market value represents an increase of 420,975 JPY (+123.3%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 2 (-28.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 294.0 sq.m (a +243.0% increase compared to the 85.7 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 14.3 min in 2013 and 12.6 min in 2014; -11.8%)

Sagamiootsuka172,671 JPY/sq.m (+25% compared with the previous year)

The average price of a sq.m Land of Sagamiootsuka was 172,671 JPY/sq.m. The market value represents an increase of 35,080 JPY (+25.5%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 241.7 sq.m (a +7.9% increase compared to the 224.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 13.4 min in 2013 and 11.0 min in 2014; -17.9%)
  • A dramatic increase 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 2013 and 33.3% of total transactions in 2014)

Sagamino115,321 JPY/sq.m (-26% compared with the previous year)

The average price of a sq.m Land of Sagamino was 115,321 JPY/sq.m. The market value represents a decrease of 41,195 JPY (-26.3%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents a decrease of 23 (-74.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 345.6 sq.m (a +27.0% increase compared to the 272.1 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 13.7 min in 2013 and 15.9 min in 2014; +15.8%)

Tsurugamine111,352 JPY/sq.m (-24% compared with the previous year)

The average price of a sq.m Land of Tsurugamine was 111,352 JPY/sq.m. The market value represents a decrease of 35,964 JPY (-24.4%) compared to 1 year ago and a transition to a dramatic market. 43 properties exchanged hands ( The market value represents a decrease of 8 (-15.7%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 320.5 sq.m (a +100.2% increase compared to the 160.1 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 20.6 min in 2013 and 23.7 min in 2014; +15.2%)

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)