JR Gotemba Line Shizuoka 2014-2Q
Land market report

JR Gotemba Line railway market report

JR Gotemba Line Land market overview

The average price of a sq.m Land of JR Gotemba Line (Surugaoyama to Numadu), in Apr, 2014 to Jun, 2014 was 73,536 JPY/sq.m. The market value represents a decrease of 1,404 JPY (-1.9%) compared to 1 year ago and a transition to a slight market. 55 properties exchanged hands ( The market value represents a decrease of 38 (-40.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 295.4 sq.m (a -31.3% decrease compared to the 430.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

5 stations have experienced increased prices; 5 stations have experienced decreased prices. The overall trend was the same as last year. Surugaoyama, Iwanami, Shimotogari station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Fujioka station, where prices have increased +281.8% compared to last year; a sq.m unit now costs 81,818 JPY/sq.m.

The top 2 stations has seen prices increase +197.7% (+47,918 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -30.8% (-25,310 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 2.2% of total transactions in 2013 and 7.3% of total transactions in 2014)

Breakdown of each segment

The table below shows Land dealt in JR Gotemba 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 Shimotogari, the highest market value along this railway was 128,804 JPY/sq.m. The market value represents an increase of 28,487 JPY (+28.4%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 4 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Gotennba, the lowest market value along this railway was 29,867 JPY/sq.m. The market value represents a decrease of 14,335 JPY (-32.4%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 20 (-76.9%) compared to 1 year ago and a transition to a dramatic market.).

JR Gotemba Line (Stations Land market overview)
JR Gotemba LineThis year(2014)1 year ago2 years ago
Surugaoyama45,454 JPY (0.0Y/220.0sq.m)28,455 JPY (0.0Y/151.7sq.m)39,810 JPY (0.0Y/245.0sq.m)
Ashigara-33,148 JPY (0.0Y/445.0sq.m)-
Gotennba29,867 JPY (0.0Y/320.0sq.m)44,202 JPY (0.0Y/786.3sq.m)59,447 JPY (0.0Y/363.8sq.m)
Minamigotennba66,666 JPY (0.0Y/210.0sq.m)31,220 JPY (0.0Y/205.0sq.m)63,304 JPY (0.0Y/190.0sq.m)
Fujioka81,818 JPY (0.0Y/220.0sq.m)21,428 JPY (0.0Y/560.0sq.m)38,899 JPY (0.0Y/478.8sq.m)
Iwanami38,217 JPY (0.0Y/271.7sq.m)28,290 JPY (0.0Y/402.0sq.m)19,613 JPY (0.0Y/382.5sq.m)
Susono60,691 JPY (0.0Y/487.0sq.m)83,271 JPY (0.0Y/258.0sq.m)85,565 JPY (0.0Y/419.0sq.m)
Nagaizuminameri87,904 JPY (0.0Y/386.7sq.m)124,190 JPY (0.0Y/320.0sq.m)99,536 JPY (0.0Y/260.0sq.m)
Shimotogari128,804 JPY (0.0Y/313.8sq.m)100,316 JPY (0.0Y/256.2sq.m)132,797 JPY (0.0Y/241.7sq.m)
Oooka77,778 JPY (0.0Y/450.0sq.m)104,526 JPY (0.0Y/188.0sq.m)92,005 JPY (0.0Y/163.3sq.m)
Numadu72,141 JPY (0.0Y/234.2sq.m)96,128 JPY (0.0Y/302.4sq.m)84,253 JPY (0.0Y/389.4sq.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

Fujioka81,818 JPY/sq.m (+282% compared with the previous year)

The average price of a sq.m Land of Fujioka was 81,818 JPY/sq.m. The market value represents an increase of 60,390 JPY (+281.8%) 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 220.0 sq.m (a -60.7% decrease compared to the 560.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2013 and 5.0 min in 2014; -83.3%)

Minamigotennba66,666 JPY/sq.m (+114% compared with the previous year)

The average price of a sq.m Land of Minamigotennba was 66,666 JPY/sq.m. The market value represents an increase of 35,446 JPY (+113.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 210.0 sq.m (a +2.4% increase compared to the 205.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 20.5 min in 2013 and 8.0 min in 2014; -61.0%)

Gotennba29,867 JPY/sq.m (-32% compared with the previous year)

The average price of a sq.m Land of Gotennba was 29,867 JPY/sq.m. The market value represents a decrease of 14,335 JPY (-32.4%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 20 (-76.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 320.0 sq.m (a -59.3% decrease compared to the 786.3 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 38.0 min in 2013 and 42.8 min in 2014; +12.6%)

Nagaizuminameri87,904 JPY/sq.m (-29% compared with the previous year)

The average price of a sq.m Land of Nagaizuminameri was 87,904 JPY/sq.m. The market value represents a decrease of 36,285 JPY (-29.2%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 3 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 386.7 sq.m (a +20.8% increase compared to the 320.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.0 min in 2013 and 17.0 min in 2014; +70.0%)

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)