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 Jan, 2015 to Mar, 2015 was 75,394 JPY/sq.m. The market value represents an increase of 12,129 JPY (+19.2%) compared to 1 year ago and a transition to a bull market. 45 properties exchanged hands ( The market value represents an increase of 13 (+40.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 406.1 sq.m (a +23.1% increase compared to the 330.0 sq.m of last year.).

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

3 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Gotennba, Numadu station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Fujioka station, where prices have increased +489.1% compared to last year; a sq.m unit now costs 37,894 JPY/sq.m.

The top 2 stations has seen prices increase +253.2% (+22,342 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -52.1% (-17,636 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 33.6 min in 2014 and 27.4 min in 2015; -18.3%)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 6.2% of total transactions in 2014 and 2.2% of total transactions in 2015)

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 151,591 JPY/sq.m. The market value represents a decrease of 22,322 JPY (-12.8%) compared to 1 year ago and a transition to a weak market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Iwanami, the lowest market value along this railway was 15,556 JPY/sq.m. The market value represents a decrease of 18,808 JPY (-54.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Gotemba Line (Stations Land market overview)
JR Gotemba LineThis year(2015)1 year ago2 years ago
Surugaoyama23,780 JPY (0.0Y/420.0sq.m)36,842 JPY (0.0Y/95.0sq.m)3,619 JPY (0.0Y/105.0sq.m)
Ashigara16,875 JPY (0.0Y/1600.0sq.m)33,340 JPY (0.0Y/160.0sq.m)12,115 JPY (0.0Y/520.0sq.m)
Gotennba68,682 JPY (0.0Y/317.0sq.m)59,224 JPY (0.0Y/381.0sq.m)43,517 JPY (0.0Y/478.8sq.m)
Minamigotennba42,878 JPY (0.0Y/265.0sq.m)-25,486 JPY (0.0Y/360.0sq.m)
Fujioka37,894 JPY (0.0Y/95.0sq.m)6,432 JPY (0.0Y/223.3sq.m)75,000 JPY (0.0Y/200.0sq.m)
Iwanami15,556 JPY (0.0Y/866.7sq.m)34,363 JPY (0.0Y/442.5sq.m)62,631 JPY (0.0Y/362.5sq.m)
Susono83,198 JPY (0.0Y/295.0sq.m)94,462 JPY (0.0Y/568.8sq.m)81,969 JPY (0.0Y/287.0sq.m)
Nagaizuminameri24,146 JPY (0.0Y/935.0sq.m)-93,686 JPY (0.0Y/605.0sq.m)
Shimotogari151,591 JPY (0.0Y/131.7sq.m)173,913 JPY (0.0Y/115.0sq.m)113,944 JPY (0.0Y/301.4sq.m)
Oooka66,818 JPY (0.0Y/82.5sq.m)-71,125 JPY (0.0Y/205.0sq.m)
Numadu89,580 JPY (0.0Y/374.7sq.m)76,359 JPY (0.0Y/284.2sq.m)85,111 JPY (0.0Y/313.3sq.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

Fujioka37,894 JPY/sq.m (+489% compared with the previous year)

The average price of a sq.m Land of Fujioka was 37,894 JPY/sq.m. The market value represents an increase of 31,462 JPY (+489.1%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 95.0 sq.m (a -57.5% decrease compared to the 223.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 28.0 min in 2014 and 11.0 min in 2015; -60.7%)

Numadu89,580 JPY/sq.m (+17% compared with the previous year)

The average price of a sq.m Land of Numadu was 89,580 JPY/sq.m. The market value represents an increase of 13,221 JPY (+17.3%) compared to 1 year ago and a transition to a bull market. 19 properties exchanged hands ( The market value represents an increase of 7 (+58.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 374.7 sq.m (a +31.9% increase compared to the 284.2 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 31.8 min in 2014 and 28.3 min in 2015; -10.8%)

Iwanami15,556 JPY/sq.m (-55% compared with the previous year)

The average price of a sq.m Land of Iwanami was 15,556 JPY/sq.m. The market value represents a decrease of 18,808 JPY (-54.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 866.7 sq.m (a +95.9% increase compared to the 442.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 68.2 min in 2014 and 24.3 min in 2015; -64.3%)

Ashigara16,875 JPY/sq.m (-49% compared with the previous year)

The average price of a sq.m Land of Ashigara was 16,875 JPY/sq.m. The market value represents a decrease of 16,464 JPY (-49.4%) 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 1600.0 sq.m (a +900.0% increase compared to the 160.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 46.5 min in 2014 and 30.0 min in 2015; -35.5%)

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)