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, 2015 to Mar, 2015 was 175,482 JPY/sq.m. The market value represents a decrease of 5,892 JPY (-3.2%) compared to 1 year ago and a transition to a some market. 78 properties exchanged hands ( The market value represents an increase of 3 (+4.0%) compared to 1 year ago and a transition to a some market.).

The average size of the real estate was 280.3 sq.m (a +11.0% increase compared to the 252.5 sq.m of last year.).

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

7 stations have experienced increased prices; 9 stations have experienced decreased prices. Market value of most stations decreased. Yokohama, Hoshikawa, Sagamino, Kashiwadai station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nishiya station, where prices have increased +128.3% compared to last year; a sq.m unit now costs 173,024 JPY/sq.m.

The top 2 stations has seen prices increase +101.4% (+98,789 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -36.3% (-49,816 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 15.9 min in 2014 and 14.1 min in 2015; -11.4%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 5.3% of total transactions in 2014 and 7.7% of total transactions in 2015)

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 Nishiyokohama, the highest market value along this railway was 348,076 JPY/sq.m. The market value represents a decrease of 55,131 JPY (-13.7%) compared to 1 year ago and a transition to a weak 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 price of a sq.m Land of Sagamiootsuka, the lowest market value along this railway was 64,705 JPY/sq.m. The market value represents a decrease of 60,295 JPY (-48.2%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

Sagami Railway Main Line (Stations Land market overview)
Sagami Railway Main LineThis year(2015)1 year ago2 years ago
Yokohama268,184 JPY (0.0Y/200.0sq.m)175,000 JPY (0.0Y/120.0sq.m)271,154 JPY (0.0Y/82.5sq.m)
Hiranumabashi--352,778 JPY (0.0Y/240.0sq.m)
Nishiyokohama348,076 JPY (0.0Y/135.0sq.m)403,207 JPY (0.0Y/91.7sq.m)449,603 JPY (0.0Y/246.2sq.m)
Tennnouchou-343,907 JPY (0.0Y/155.0sq.m)336,781 JPY (0.0Y/110.0sq.m)
Hoshikawa234,946 JPY (0.0Y/160.0sq.m)134,615 JPY (0.0Y/260.0sq.m)139,710 JPY (0.0Y/139.2sq.m)
Wadamachi217,143 JPY (0.0Y/146.2sq.m)183,798 JPY (0.0Y/247.1sq.m)216,425 JPY (0.0Y/196.2sq.m)
Kamihoshikawa139,402 JPY (0.0Y/313.3sq.m)176,921 JPY (0.0Y/220.0sq.m)191,604 JPY (0.0Y/190.0sq.m)
Nishiya173,024 JPY (0.0Y/181.7sq.m)75,776 JPY (0.0Y/398.0sq.m)166,930 JPY (0.0Y/180.0sq.m)
Tsurugamine118,956 JPY (0.0Y/310.0sq.m)119,182 JPY (0.0Y/278.8sq.m)167,594 JPY (0.0Y/120.0sq.m)
Futamatagawa176,201 JPY (0.0Y/101.2sq.m)213,332 JPY (0.0Y/222.3sq.m)188,596 JPY (0.0Y/222.5sq.m)
Kibogaoka201,299 JPY (0.0Y/101.2sq.m)183,199 JPY (0.0Y/122.0sq.m)180,170 JPY (0.0Y/128.3sq.m)
Mitsukyou159,230 JPY (0.0Y/186.2sq.m)204,490 JPY (0.0Y/222.5sq.m)213,876 JPY (0.0Y/214.4sq.m)
Seya179,952 JPY (0.0Y/251.4sq.m)208,241 JPY (0.0Y/133.3sq.m)171,366 JPY (0.0Y/386.0sq.m)
Yamato199,821 JPY (0.0Y/517.0sq.m)238,580 JPY (0.0Y/226.0sq.m)187,418 JPY (0.0Y/219.0sq.m)
Sagamiootsuka64,705 JPY (0.0Y/680.0sq.m)125,000 JPY (0.0Y/80.0sq.m)168,966 JPY (0.0Y/130.0sq.m)
Sagamino167,399 JPY (0.0Y/365.6sq.m)110,920 JPY (0.0Y/360.0sq.m)179,480 JPY (0.0Y/117.5sq.m)
Kashiwadai126,628 JPY (0.0Y/162.5sq.m)95,625 JPY (0.0Y/120.0sq.m)183,620 JPY (0.0Y/103.3sq.m)
Ebina122,568 JPY (0.0Y/754.0sq.m)161,905 JPY (0.0Y/642.5sq.m)109,641 JPY (0.0Y/581.7sq.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

Nishiya173,024 JPY/sq.m (+128% compared with the previous year)

The average price of a sq.m Land of Nishiya was 173,024 JPY/sq.m. The market value represents an increase of 97,247 JPY (+128.3%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 1 (+20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 181.7 sq.m (a -54.4% decrease compared to the 398.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 21.4 min in 2014 and 14.5 min in 2015; -32.2%)

Hoshikawa234,946 JPY/sq.m (+75% compared with the previous year)

The average price of a sq.m Land of Hoshikawa was 234,946 JPY/sq.m. The market value represents an increase of 100,331 JPY (+74.5%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) 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 -38.5% decrease compared to the 260.0 sq.m of last year.).

Sagamiootsuka64,705 JPY/sq.m (-48% compared with the previous year)

The average price of a sq.m Land of Sagamiootsuka was 64,705 JPY/sq.m. The market value represents a decrease of 60,295 JPY (-48.2%) 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 680.0 sq.m (a +750.0% 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 14.0 min in 2014 and 10.0 min in 2015; -28.6%)

Ebina122,568 JPY/sq.m (-24% compared with the previous year)

The average price of a sq.m Land of Ebina was 122,568 JPY/sq.m. The market value represents a decrease of 39,337 JPY (-24.3%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 754.0 sq.m (a +17.4% increase compared to the 642.5 sq.m of last year.).


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)