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 Dec, 2015 was 78,399 JPY/sq.m. The market value represents an increase of 5,551 JPY (+7.6%) compared to 1 year ago and a transition to a strong market. 223 properties exchanged hands ( The market value represents an increase of 7 (+3.2%) compared to 1 year ago and a transition to a some market.).

The average size of the real estate was 352.7 sq.m (a -7.2% decrease compared to the 379.9 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.

6 stations have experienced increased prices; 5 stations have experienced decreased prices. The overall trend was the same as last year. Fujioka 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 +29.7% compared to last year; a sq.m unit now costs 37,894 JPY/sq.m.

The top 2 stations has seen prices increase +19.5% (+8,286 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -25.7% (-11,845 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 0.9% of total transactions in 2014 and 1.8% of total transactions in 2015)

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 4.6% of total transactions in 2014 and 1.8% 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 128,175 JPY/sq.m. The market value represents a decrease of 6,316 JPY (-4.7%) compared to 1 year ago and a transition to a some market. 22 properties exchanged hands ( The market value represents an increase of 8 (+57.1%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Ashigara, the lowest market value along this railway was 24,661 JPY/sq.m. The market value represents a decrease of 5,445 JPY (-18.1%) compared to 1 year ago and a transition to a weak market. 4 properties exchanged hands ( The market value represents a decrease of 2 (-33.3%) 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
Surugaoyama32,834 JPY (0.0Y/303.3sq.m)31,120 JPY (0.0Y/200.0sq.m)24,408 JPY (0.0Y/169.3sq.m)
Ashigara24,661 JPY (0.0Y/557.5sq.m)30,106 JPY (0.0Y/266.7sq.m)27,843 JPY (0.0Y/420.0sq.m)
Gotennba59,941 JPY (0.0Y/407.6sq.m)57,035 JPY (0.0Y/493.7sq.m)50,493 JPY (0.0Y/525.0sq.m)
Minamigotennba36,552 JPY (0.0Y/292.5sq.m)54,798 JPY (0.0Y/336.7sq.m)38,224 JPY (0.0Y/499.3sq.m)
Fujioka37,894 JPY (0.0Y/95.0sq.m)29,208 JPY (0.0Y/316.0sq.m)63,054 JPY (0.0Y/267.5sq.m)
Iwanami29,767 JPY (0.0Y/559.6sq.m)28,588 JPY (0.0Y/588.1sq.m)37,373 JPY (0.0Y/557.5sq.m)
Susono77,349 JPY (0.0Y/276.1sq.m)83,609 JPY (0.0Y/352.2sq.m)77,848 JPY (0.0Y/259.7sq.m)
Nagaizuminameri93,604 JPY (0.0Y/460.7sq.m)85,718 JPY (0.0Y/494.1sq.m)112,110 JPY (0.0Y/399.6sq.m)
Shimotogari128,175 JPY (0.0Y/250.2sq.m)134,491 JPY (0.0Y/239.3sq.m)116,118 JPY (0.0Y/258.7sq.m)
Oooka68,315 JPY (0.0Y/144.2sq.m)75,477 JPY (0.0Y/517.1sq.m)86,871 JPY (0.0Y/235.3sq.m)
Numadu84,545 JPY (0.0Y/333.1sq.m)80,128 JPY (0.0Y/329.8sq.m)93,646 JPY (0.0Y/307.2sq.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 (+30% 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 8,686 JPY (+29.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) 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 -69.9% decrease compared to the 316.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 20.4 min in 2014 and 11.0 min in 2015; -46.1%)

Nagaizuminameri93,604 JPY/sq.m (+9% compared with the previous year)

The average price of a sq.m Land of Nagaizuminameri was 93,604 JPY/sq.m. The market value represents an increase of 7,887 JPY (+9.2%) compared to 1 year ago and a transition to a strong market. 21 properties exchanged hands ( The market value represents an increase of 10 (+90.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 460.7 sq.m (a -6.8% decrease compared to the 494.1 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 18.0 min in 2014 and 24.8 min in 2015; +37.6%)

Minamigotennba36,552 JPY/sq.m (-33% compared with the previous year)

The average price of a sq.m Land of Minamigotennba was 36,552 JPY/sq.m. The market value represents a decrease of 18,246 JPY (-33.3%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 2 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 292.5 sq.m (a -13.1% decrease compared to the 336.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 15.3 min in 2014 and 21.5 min in 2015; +40.2%)

Ashigara24,661 JPY/sq.m (-18% compared with the previous year)

The average price of a sq.m Land of Ashigara was 24,661 JPY/sq.m. The market value represents a decrease of 5,445 JPY (-18.1%) compared to 1 year ago and a transition to a weak market. 4 properties exchanged hands ( The market value represents a decrease of 2 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 557.5 sq.m (a +109.1% increase compared to the 266.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 41.3 min in 2014 and 16.5 min in 2015; -60.1%)

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 33.3% of total transactions in 2014 and 25.0% of total transactions in 2015)

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)