Izuhakone Railway Sunzu Line Shizuoka 2016-2Q
Land market report

Izuhakone Railway Sunzu Line railway market report

Izuhakone Railway Sunzu Line Land market overview

The average price of a sq.m Land of Izuhakone Railway Sunzu Line (Mishima to Shuzennji), in Apr, 2016 to Jun, 2016 was 76,131 JPY/sq.m. The market value represents a decrease of 15,750 JPY (-17.1%) compared to 1 year ago and a transition to a weak market. 43 properties exchanged hands ( The market value represents an increase of 7 (+19.4%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 317.4 sq.m (a +15.4% increase compared to the 275.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large size more than 200 sq.m.

3 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Mishimatamachi, Daiba station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Mishimatamachi station, where prices have increased +43.9% compared to last year; a sq.m unit now costs 155,746 JPY/sq.m.

The top 2 stations has seen prices increase +40.4% (+38,114 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -10.2% (-11,108 JPY/sq.m).

Causes of price decreases

  • An increase in average distance from the station (representing 23.9 min in 2015 and 27.7 min in 2016; +15.7%)
  • An decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 8.3% of total transactions in 2015 and 7.0% of total transactions in 2016)

Breakdown of each segment

The table below shows Land dealt in Izuhakone Railway Sunzu 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:

※各年ごとの取引件数の割合が高いセグメントほど赤く表示

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Land stations market overview

The average price of a sq.m Land of Mishimatamachi, the highest market value along this railway was 155,746 JPY/sq.m. The market value represents an increase of 47,477 JPY (+43.9%) compared to 1 year ago and a transition to a dramatic 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 Shuzennji, the lowest market value along this railway was 21,074 JPY/sq.m. The market value represents a decrease of 2,314 JPY (-9.9%) compared to 1 year ago and a transition to a bear market. 8 properties exchanged hands ( The market value represents an increase of 3 (+60.0%) compared to 1 year ago and a transition to a dramatic market.).

Izuhakone Railway Sunzu Line (Stations Land market overview)
Izuhakone Railway Sunzu LineThis year(2016)1 year ago2 years ago
Mishima92,310 JPY (0.0Y/242.3sq.m)103,110 JPY (0.0Y/284.5sq.m)89,575 JPY (0.0Y/223.6sq.m)
Mishimahirokouji128,750 JPY (0.0Y/65.0sq.m)117,177 JPY (0.0Y/235.0sq.m)-
Mishimatamachi155,746 JPY (0.0Y/162.5sq.m)108,269 JPY (0.0Y/101.7sq.m)-
Mishimafutsukamachi25,000 JPY (0.0Y/840.0sq.m)--
Daiba106,582 JPY (0.0Y/190.0sq.m)77,830 JPY (0.0Y/191.7sq.m)115,151 JPY (0.0Y/165.0sq.m)
Izunitta103,571 JPY (0.0Y/165.0sq.m)114,987 JPY (0.0Y/175.0sq.m)84,210 JPY (0.0Y/360.0sq.m)
Baraki---
Nirayama94,736 JPY (0.0Y/190.0sq.m)--
Izunagaoka66,124 JPY (0.0Y/240.8sq.m)--
Takyou57,722 JPY (0.0Y/1023.3sq.m)--
Oohito23,030 JPY (0.0Y/165.0sq.m)--
Makinokou--12,068 JPY (0.0Y/580.0sq.m)
Shuzennji21,074 JPY (0.0Y/392.5sq.m)23,388 JPY (0.0Y/455.0sq.m)62,750 JPY (0.0Y/185.0sq.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.

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Noteworthy stations

Mishimatamachi155,746 JPY/sq.m (+44% compared with the previous year)

The average price of a sq.m Land of Mishimatamachi was 155,746 JPY/sq.m. The market value represents an increase of 47,477 JPY (+43.9%) compared to 1 year ago and a transition to a dramatic 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 size of the real estate was 162.5 sq.m (a +59.8% increase compared to the 101.7 sq.m of last year.).

Daiba106,582 JPY/sq.m (+37% compared with the previous year)

The average price of a sq.m Land of Daiba was 106,582 JPY/sq.m. The market value represents an increase of 28,752 JPY (+36.9%) compared to 1 year ago and a transition to a dramatic 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 size of the real estate was 190.0 sq.m (a -0.9% decrease compared to the 191.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 17.3 min in 2015 and 8.5 min in 2016; -51.0%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 33.3% of total transactions in 2015 and 50.0% of total transactions in 2016)

Mishima92,310 JPY/sq.m (-10% compared with the previous year)

The average price of a sq.m Land of Mishima was 92,310 JPY/sq.m. The market value represents a decrease of 10,800 JPY (-10.5%) compared to 1 year ago and a transition to a weak market. 15 properties exchanged hands ( The market value represents a decrease of 5 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 242.3 sq.m (a -14.8% decrease compared to the 284.5 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 22.9 min in 2015 and 27.5 min in 2016; +20.0%)

Izunitta103,571 JPY/sq.m (-10% compared with the previous year)

The average price of a sq.m Land of Izunitta was 103,571 JPY/sq.m. The market value represents a decrease of 11,416 JPY (-9.9%) compared to 1 year ago and a transition to a bear market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 165.0 sq.m (a -5.7% decrease compared to the 175.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 7.5 min in 2015 and 8.5 min in 2016; +13.3%)
  • A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 50.0% of total transactions in 2015 and 50.0% of total transactions in 2016)

Breakdown of each segment

Station:   Segment:

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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)