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, 2015 to Jun, 2015 was 149,907 JPY/sq.m. The market value represents a decrease of 16,839 JPY (-10.1%) compared to 1 year ago and a transition to a weak market. 72 properties exchanged hands ( The market value represents an increase of 4 (+5.9%) compared to 1 year ago and a transition to a strong market.).

The average size of the real estate was 266.5 sq.m (a +0.2% increase compared to the 266.1 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.

5 stations have experienced increased prices; 7 stations have experienced decreased prices. Market value of most stations decreased. Kamihoshikawa, Kibogaoka, Seya station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kibogaoka station, where prices have increased +34.9% compared to last year; a sq.m unit now costs 245,812 JPY/sq.m.

The top 2 stations has seen prices increase +32.0% (+48,856 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -41.5% (-73,694 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 17.6 min in 2014 and 15.1 min in 2015; -14.2%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.9% of total transactions in 2014 and 4.2% of total transactions in 2015)

Causes of price decreases

  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 5.9% of total transactions in 2014 and 1.4% 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 Kibogaoka, the highest market value along this railway was 245,812 JPY/sq.m. The market value represents an increase of 63,537 JPY (+34.9%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 4 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Nishiya, the lowest market value along this railway was 90,007 JPY/sq.m. The market value represents a decrease of 101,993 JPY (-53.1%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 7 (+700.0%) 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(2015)1 year ago2 years ago
Yokohama-1,230,769 JPY (0.0Y/780.0sq.m)365,000 JPY (0.0Y/80.0sq.m)
Hiranumabashi--284,615 JPY (0.0Y/130.0sq.m)
Nishiyokohama-230,225 JPY (0.0Y/110.0sq.m)225,850 JPY (0.0Y/170.7sq.m)
Tennnouchou-240,909 JPY (0.0Y/220.0sq.m)387,500 JPY (0.0Y/80.0sq.m)
Hoshikawa177,160 JPY (0.0Y/206.7sq.m)149,861 JPY (0.0Y/87.5sq.m)154,040 JPY (0.0Y/200.0sq.m)
Wadamachi106,534 JPY (0.0Y/300.0sq.m)151,930 JPY (0.0Y/161.2sq.m)236,363 JPY (0.0Y/110.0sq.m)
Kamihoshikawa151,818 JPY (0.0Y/118.6sq.m)117,643 JPY (0.0Y/469.0sq.m)188,924 JPY (0.0Y/230.0sq.m)
Nishiya90,007 JPY (0.0Y/495.6sq.m)192,000 JPY (0.0Y/125.0sq.m)186,762 JPY (0.0Y/285.0sq.m)
Tsurugamine137,474 JPY (0.0Y/522.5sq.m)116,420 JPY (0.0Y/223.0sq.m)147,304 JPY (0.0Y/145.2sq.m)
Futamatagawa180,589 JPY (0.0Y/177.1sq.m)191,128 JPY (0.0Y/330.0sq.m)214,734 JPY (0.0Y/142.1sq.m)
Kibogaoka245,812 JPY (0.0Y/136.2sq.m)182,275 JPY (0.0Y/408.8sq.m)246,206 JPY (0.0Y/165.0sq.m)
Mitsukyou144,327 JPY (0.0Y/278.0sq.m)155,384 JPY (0.0Y/141.7sq.m)138,179 JPY (0.0Y/163.6sq.m)
Seya160,385 JPY (0.0Y/212.0sq.m)128,332 JPY (0.0Y/609.0sq.m)164,090 JPY (0.0Y/156.4sq.m)
Yamato179,704 JPY (0.0Y/105.0sq.m)200,794 JPY (0.0Y/97.5sq.m)168,190 JPY (0.0Y/138.8sq.m)
Sagamiootsuka--129,411 JPY (0.0Y/85.0sq.m)
Sagamino133,429 JPY (0.0Y/141.7sq.m)-170,192 JPY (0.0Y/306.8sq.m)
Kashiwadai132,738 JPY (0.0Y/130.0sq.m)140,000 JPY (0.0Y/95.0sq.m)130,171 JPY (0.0Y/390.6sq.m)
Ebina130,882 JPY (0.0Y/262.0sq.m)132,453 JPY (0.0Y/124.5sq.m)131,695 JPY (0.0Y/244.0sq.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.
Top

Noteworthy stations

Kibogaoka245,812 JPY/sq.m (+35% compared with the previous year)

The average price of a sq.m Land of Kibogaoka was 245,812 JPY/sq.m. The market value represents an increase of 63,537 JPY (+34.9%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 4 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 136.2 sq.m (a -66.7% decrease compared to the 408.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 11.1 min in 2014 and 7.0 min in 2015; -37.1%)

Causes of price decreases

  • A slight decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 25.0% of total transactions in 2014 and 25.0% of total transactions in 2015)

Kamihoshikawa151,818 JPY/sq.m (+29% compared with the previous year)

The average price of a sq.m Land of Kamihoshikawa was 151,818 JPY/sq.m. The market value represents an increase of 34,175 JPY (+29.0%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 2 (+40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 118.6 sq.m (a -74.7% decrease compared to the 469.0 sq.m of last year.).

Nishiya90,007 JPY/sq.m (-53% compared with the previous year)

The average price of a sq.m Land of Nishiya was 90,007 JPY/sq.m. The market value represents a decrease of 101,993 JPY (-53.1%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 7 (+700.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 495.6 sq.m (a +296.5% increase compared to the 125.0 sq.m of last year.).

Wadamachi106,534 JPY/sq.m (-30% compared with the previous year)

The average price of a sq.m Land of Wadamachi was 106,534 JPY/sq.m. The market value represents a decrease of 45,396 JPY (-29.9%) compared to 1 year ago and a transition to a dramatic 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 300.0 sq.m (a +86.0% increase compared to the 161.2 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 15.2 min in 2014 and 18.0 min in 2015; +18.0%)

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)