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, 2015 to Sep, 2015 was 163,996 JPY/sq.m. The market value represents an increase of 4,815 JPY (+3.0%) compared to 1 year ago and a transition to a some market. 77 properties exchanged hands ( The market value represents a decrease of 5 (-6.1%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 198.2 sq.m (a -28.8% decrease compared to the 278.5 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.

9 stations have experienced increased prices; 6 stations have experienced decreased prices. The overall trend was the same as last year. Kamihoshikawa, Mitsukyou, Sagamino 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 +237.8% compared to last year; a sq.m unit now costs 232,190 JPY/sq.m.

The top 2 stations has seen prices increase +183.5% (+288,397 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -84.4% (-168,634 JPY/sq.m).


Cause of price increases

  • A some increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.7% of total transactions in 2014 and 3.9% 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:

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Land stations market overview

The average price of a sq.m Land of Hiranumabashi, the highest market value along this railway was 733,333 JPY/sq.m. The market value represents an increase of 413,333 JPY (+129.2%) 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 price of a sq.m Land of Kashiwadai, the lowest market value along this railway was 20 JPY/sq.m. The market value represents a decrease of 145,653 JPY (-100.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 8 (-88.9%) 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
Yokohama86,956 JPY (0.0Y/230.0sq.m)278,571 JPY (0.0Y/140.0sq.m)270,130 JPY (0.0Y/72.5sq.m)
Hiranumabashi733,333 JPY (0.0Y/60.0sq.m)320,000 JPY (0.0Y/100.0sq.m)360,000 JPY (0.0Y/100.0sq.m)
Nishiyokohama-391,304 JPY (0.0Y/85.0sq.m)242,803 JPY (0.0Y/127.9sq.m)
Tennnouchou-370,000 JPY (0.0Y/100.0sq.m)269,444 JPY (0.0Y/117.5sq.m)
Hoshikawa177,778 JPY (0.0Y/100.0sq.m)194,136 JPY (0.0Y/133.3sq.m)163,636 JPY (0.0Y/110.0sq.m)
Wadamachi232,190 JPY (0.0Y/111.7sq.m)68,729 JPY (0.0Y/526.7sq.m)165,834 JPY (0.0Y/102.5sq.m)
Kamihoshikawa145,927 JPY (0.0Y/174.3sq.m)108,452 JPY (0.0Y/311.7sq.m)126,478 JPY (0.0Y/506.0sq.m)
Nishiya168,562 JPY (0.0Y/152.0sq.m)183,250 JPY (0.0Y/141.0sq.m)155,555 JPY (0.0Y/135.0sq.m)
Tsurugamine128,042 JPY (0.0Y/316.1sq.m)109,913 JPY (0.0Y/315.4sq.m)165,942 JPY (0.0Y/210.0sq.m)
Futamatagawa144,226 JPY (0.0Y/173.0sq.m)169,005 JPY (0.0Y/245.0sq.m)194,338 JPY (0.0Y/251.5sq.m)
Kibogaoka185,666 JPY (0.0Y/136.2sq.m)179,711 JPY (0.0Y/350.0sq.m)223,174 JPY (0.0Y/238.8sq.m)
Mitsukyou164,225 JPY (0.0Y/223.8sq.m)125,541 JPY (0.0Y/401.4sq.m)144,981 JPY (0.0Y/174.5sq.m)
Seya168,264 JPY (0.0Y/198.0sq.m)167,084 JPY (0.0Y/333.8sq.m)146,147 JPY (0.0Y/150.0sq.m)
Yamato241,637 JPY (0.0Y/368.8sq.m)218,013 JPY (0.0Y/156.7sq.m)194,754 JPY (0.0Y/141.1sq.m)
Sagamiootsuka169,230 JPY (0.0Y/130.0sq.m)--
Sagamino148,817 JPY (0.0Y/144.4sq.m)119,722 JPY (0.0Y/331.2sq.m)148,409 JPY (0.0Y/138.3sq.m)
Kashiwadai20 JPY (0.0Y/105.0sq.m)145,673 JPY (0.0Y/214.4sq.m)131,534 JPY (0.0Y/100.0sq.m)
Ebina134,630 JPY (0.0Y/205.0sq.m)142,607 JPY (0.0Y/276.0sq.m)137,404 JPY (0.0Y/371.7sq.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.
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Noteworthy stations

Wadamachi232,190 JPY/sq.m (+238% compared with the previous year)

The average price of a sq.m Land of Wadamachi was 232,190 JPY/sq.m. The market value represents an increase of 163,461 JPY (+237.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 111.7 sq.m (a -78.8% decrease compared to the 526.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 14.3 min in 2014 and 11.3 min in 2015; -20.9%)

Hiranumabashi733,333 JPY/sq.m (+129% compared with the previous year)

The average price of a sq.m Land of Hiranumabashi was 733,333 JPY/sq.m. The market value represents an increase of 413,333 JPY (+129.2%) 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 60.0 sq.m (a -40.0% decrease compared to the 100.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 16.0 min in 2014 and 8.0 min in 2015; -50.0%)

Kashiwadai20 JPY/sq.m (-100% compared with the previous year)

The average price of a sq.m Land of Kashiwadai was 20 JPY/sq.m. The market value represents a decrease of 145,653 JPY (-100.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 8 (-88.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 105.0 sq.m (a -51.0% decrease compared to the 214.4 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 13.4 min in 2014 and 10.0 min in 2015; -25.6%)

Yokohama86,956 JPY/sq.m (-69% compared with the previous year)

The average price of a sq.m Land of Yokohama was 86,956 JPY/sq.m. The market value represents a decrease of 191,615 JPY (-68.8%) 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 230.0 sq.m (a +64.3% increase compared to the 140.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 15.0 min in 2014 and 19.0 min in 2015; +26.7%)

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)