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 Jan, 2016 to Dec, 2016 was 78,351 JPY/sq.m. The market value represents a decrease of 10,462 JPY (-11.8%) compared to 1 year ago and a transition to a weak market. 155 properties exchanged hands ( The market value represents an increase of 13 (+9.2%) compared to 1 year ago and a transition to a strong market.).

The average size of the real estate was 327.0 sq.m (a +25.1% increase compared to the 261.4 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.

4 stations have experienced increased prices; 9 stations have experienced decreased prices. Market value of most stations decreased. Makinokou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Makinokou station, where prices have increased +63.7% compared to last year; a sq.m unit now costs 38,734 JPY/sq.m.

The top 2 stations has seen prices increase +40.1% (+12,712 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -37.3% (-26,485 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 5.6% of total transactions in 2015 and 8.4% of total transactions in 2016)

Causes of price decreases

  • An increase in average distance from the station (representing 22.0 min in 2015 and 25.0 min in 2016; +13.6%)

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 Mishimahirokouji, the highest market value along this railway was 158,451 JPY/sq.m. The market value represents an increase of 16,032 JPY (+11.3%) compared to 1 year ago and a transition to a bull 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.).

The average price of a sq.m Land of Shuzennji, the lowest market value along this railway was 22,758 JPY/sq.m. The market value represents a decrease of 6,581 JPY (-22.4%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents an increase of 6 (+54.5%) 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
Mishima91,672 JPY (0.0Y/300.9sq.m)104,044 JPY (0.0Y/280.4sq.m)99,276 JPY (0.0Y/293.0sq.m)
Mishimahirokouji158,451 JPY (0.0Y/161.2sq.m)142,418 JPY (0.0Y/202.0sq.m)-
Mishimatamachi113,516 JPY (0.0Y/135.0sq.m)124,883 JPY (0.0Y/122.9sq.m)-
Mishimafutsukamachi60,763 JPY (0.0Y/633.3sq.m)74,334 JPY (0.0Y/300.0sq.m)-
Daiba77,569 JPY (0.0Y/430.0sq.m)67,366 JPY (0.0Y/219.1sq.m)87,786 JPY (0.0Y/361.1sq.m)
Izunitta79,375 JPY (0.0Y/202.5sq.m)102,124 JPY (0.0Y/236.9sq.m)81,031 JPY (0.0Y/348.9sq.m)
Baraki72,727 JPY (0.0Y/220.0sq.m)62,374 JPY (0.0Y/200.0sq.m)18,000 JPY (0.0Y/1000.0sq.m)
Nirayama58,234 JPY (0.0Y/260.0sq.m)70,555 JPY (0.0Y/185.0sq.m)38,662 JPY (0.0Y/485.0sq.m)
Izunagaoka63,078 JPY (0.0Y/232.1sq.m)66,098 JPY (0.0Y/220.0sq.m)72,841 JPY (0.0Y/417.9sq.m)
Takyou48,676 JPY (0.0Y/615.0sq.m)74,778 JPY (0.0Y/376.7sq.m)55,813 JPY (0.0Y/430.0sq.m)
Oohito40,808 JPY (0.0Y/215.0sq.m)67,676 JPY (0.0Y/228.3sq.m)69,557 JPY (0.0Y/178.3sq.m)
Makinokou38,734 JPY (0.0Y/602.5sq.m)23,664 JPY (0.0Y/267.5sq.m)42,552 JPY (0.0Y/428.3sq.m)
Shuzennji22,758 JPY (0.0Y/455.6sq.m)29,340 JPY (0.0Y/349.1sq.m)22,353 JPY (0.0Y/415.7sq.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

Makinokou38,734 JPY/sq.m (+64% compared with the previous year)

The average price of a sq.m Land of Makinokou was 38,734 JPY/sq.m. The market value represents an increase of 15,070 JPY (+63.7%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 602.5 sq.m (a +125.2% increase compared to the 267.5 sq.m of last year.).

Baraki72,727 JPY/sq.m (+17% compared with the previous year)

The average price of a sq.m Land of Baraki was 72,727 JPY/sq.m. The market value represents an increase of 10,354 JPY (+16.6%) compared to 1 year ago and a transition to a bull market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 220.0 sq.m (a +10.0% increase compared to the 200.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 9.0 min in 2015 and 6.0 min in 2016; -33.3%)

Oohito40,808 JPY/sq.m (-40% compared with the previous year)

The average price of a sq.m Land of Oohito was 40,808 JPY/sq.m. The market value represents a decrease of 26,868 JPY (-39.7%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 1 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 215.0 sq.m (a -5.8% decrease compared to the 228.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 15.3 min in 2015 and 20.2 min in 2016; +32.1%)

Takyou48,676 JPY/sq.m (-35% compared with the previous year)

The average price of a sq.m Land of Takyou was 48,676 JPY/sq.m. The market value represents a decrease of 26,102 JPY (-34.9%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 5 (+166.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 615.0 sq.m (a +63.3% increase compared to the 376.7 sq.m of last year.).


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)