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 Jul, 2014 to Sep, 2014 was 71,625 JPY/sq.m. The market value represents a decrease of 8,441 JPY (-10.5%) compared to 1 year ago and a transition to a weak market. 62 properties exchanged hands ( The market value represents a decrease of 33 (-34.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 419.8 sq.m (a +12.4% increase compared to the 373.5 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; 5 stations have experienced decreased prices. Market value of most stations decreased. Surugaoyama, Susono station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nagaizuminameri station, where prices have increased +150.4% compared to last year; a sq.m unit now costs 83,451 JPY/sq.m.

The top 2 stations has seen prices increase +103.7% (+43,461 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -32.8% (-18,439 JPY/sq.m).

Causes of price decreases

  • An increase in average distance from the station (representing 23.9 min in 2013 and 27.5 min in 2014; +15.0%)
  • A some decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 5.3% of total transactions in 2013 and 4.8% 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 125,028 JPY/sq.m. The market value represents a decrease of 26,054 JPY (-17.2%) compared to 1 year ago and a transition to a weak market. 3 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Iwanami, the lowest market value along this railway was 21,938 JPY/sq.m. The market value represents a decrease of 11,615 JPY (-34.6%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 6 (-60.0%) 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
Surugaoyama28,902 JPY (0.0Y/242.5sq.m)21,739 JPY (0.0Y/115.0sq.m)13,416 JPY (0.0Y/390.0sq.m)
Ashigara20,634 JPY (0.0Y/630.0sq.m)--
Gotennba64,336 JPY (0.0Y/421.4sq.m)61,004 JPY (0.0Y/408.6sq.m)38,234 JPY (0.0Y/706.0sq.m)
Minamigotennba40,708 JPY (0.0Y/470.0sq.m)57,966 JPY (0.0Y/788.3sq.m)46,153 JPY (0.0Y/1032.5sq.m)
Fujioka-24,759 JPY (0.0Y/237.5sq.m)80,000 JPY (0.0Y/200.0sq.m)
Iwanami21,938 JPY (0.0Y/390.0sq.m)33,553 JPY (0.0Y/499.0sq.m)42,588 JPY (0.0Y/335.7sq.m)
Susono101,347 JPY (0.0Y/158.8sq.m)64,543 JPY (0.0Y/301.8sq.m)76,976 JPY (0.0Y/220.6sq.m)
Nagaizuminameri83,451 JPY (0.0Y/610.0sq.m)33,333 JPY (0.0Y/1200.0sq.m)104,245 JPY (0.0Y/240.0sq.m)
Shimotogari125,028 JPY (0.0Y/145.0sq.m)151,082 JPY (0.0Y/151.7sq.m)106,790 JPY (0.0Y/402.5sq.m)
Oooka56,154 JPY (0.0Y/190.0sq.m)81,416 JPY (0.0Y/268.0sq.m)69,735 JPY (0.0Y/1005.0sq.m)
Numadu79,658 JPY (0.0Y/474.4sq.m)108,669 JPY (0.0Y/332.6sq.m)88,794 JPY (0.0Y/300.7sq.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

Nagaizuminameri83,451 JPY/sq.m (+150% compared with the previous year)

The average price of a sq.m Land of Nagaizuminameri was 83,451 JPY/sq.m. The market value represents an increase of 50,118 JPY (+150.4%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 610.0 sq.m (a -49.2% decrease compared to the 1200.0 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 12.2 min in 2014; -59.3%)

Susono101,347 JPY/sq.m (+57% compared with the previous year)

The average price of a sq.m Land of Susono was 101,347 JPY/sq.m. The market value represents an increase of 36,804 JPY (+57.0%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 7 (-63.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 158.8 sq.m (a -47.4% decrease compared to the 301.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 21.1 min in 2013 and 11.2 min in 2014; -46.7%)

Iwanami21,938 JPY/sq.m (-35% compared with the previous year)

The average price of a sq.m Land of Iwanami was 21,938 JPY/sq.m. The market value represents a decrease of 11,615 JPY (-34.6%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 6 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 390.0 sq.m (a -21.8% decrease compared to the 499.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 39.1 min in 2013 and 75.0 min in 2014; +91.8%)

Oooka56,154 JPY/sq.m (-31% compared with the previous year)

The average price of a sq.m Land of Oooka was 56,154 JPY/sq.m. The market value represents a decrease of 25,263 JPY (-31.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) 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 -29.1% decrease compared to the 268.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 21.0 min in 2013 and 17.5 min in 2014; -16.7%)

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)