JR Gotemba Line Shizuoka 2017-4Q
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 Oct, 2017 to Dec, 2017 was 73,491 JPY/sq.m. The market value represents a decrease of 10,688 JPY (-12.7%) compared to 1 year ago and a transition to a weak market. 38 properties exchanged hands ( The market value represents a decrease of 18 (-32.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 365.8 sq.m (a -5.8% decrease compared to the 388.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

2 stations have experienced increased prices; 6 stations have experienced decreased prices. Market value of most stations decreased. Nagaizuminameri 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 +53.7% compared to last year; a sq.m unit now costs 155,614 JPY/sq.m.

The top 2 stations has seen prices increase +33.1% (+30,102 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -82.3% (-53,951 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 1.8% of total transactions in 2016 and 5.3% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 22.9 min in 2016 and 33.1 min in 2017; +44.0%)

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

Top

Land stations market overview

The average price of a sq.m Land of Nagaizuminameri, the highest market value along this railway was 155,614 JPY/sq.m. The market value represents an increase of 54,399 JPY (+53.7%) 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 price of a sq.m Land of Ashigara, the lowest market value along this railway was 10,645 JPY/sq.m. The market value represents a decrease of 16,930 JPY (-61.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

JR Gotemba Line (Stations Land market overview)
JR Gotemba LineThis year(2017)1 year ago2 years ago
Surugaoyama--37,987 JPY (0.0Y/223.3sq.m)
Ashigara10,645 JPY (0.0Y/310.0sq.m)27,575 JPY (0.0Y/330.0sq.m)16,666 JPY (0.0Y/210.0sq.m)
Gotennba52,306 JPY (0.0Y/257.0sq.m)46,501 JPY (0.0Y/401.5sq.m)41,691 JPY (0.0Y/574.4sq.m)
Minamigotennba--30,226 JPY (0.0Y/320.0sq.m)
Fujioka11,363 JPY (0.0Y/440.0sq.m)63,043 JPY (0.0Y/460.0sq.m)-
Iwanami11,777 JPY (0.0Y/506.7sq.m)68,000 JPY (0.0Y/1125.0sq.m)50,248 JPY (0.0Y/645.0sq.m)
Susono63,947 JPY (0.0Y/408.8sq.m)90,497 JPY (0.0Y/326.4sq.m)29,972 JPY (0.0Y/395.0sq.m)
Nagaizuminameri155,614 JPY (0.0Y/250.0sq.m)101,215 JPY (0.0Y/391.0sq.m)99,865 JPY (0.0Y/525.7sq.m)
Shimotogari133,664 JPY (0.0Y/272.5sq.m)141,378 JPY (0.0Y/187.5sq.m)120,088 JPY (0.0Y/322.5sq.m)
Oooka--57,586 JPY (0.0Y/170.0sq.m)
Numadu82,914 JPY (0.0Y/383.2sq.m)88,679 JPY (0.0Y/308.4sq.m)92,756 JPY (0.0Y/259.8sq.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.

Top

Noteworthy stations

Nagaizuminameri155,614 JPY/sq.m (+54% compared with the previous year)

The average price of a sq.m Land of Nagaizuminameri was 155,614 JPY/sq.m. The market value represents an increase of 54,399 JPY (+53.7%) 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 250.0 sq.m (a -36.1% decrease compared to the 391.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 15.4 min in 2016 and 10.5 min in 2017; -31.8%)

Gotennba52,306 JPY/sq.m (+12% compared with the previous year)

The average price of a sq.m Land of Gotennba was 52,306 JPY/sq.m. The market value represents an increase of 5,805 JPY (+12.5%) compared to 1 year ago and a transition to a bull market. 5 properties exchanged hands ( The market value represents a decrease of 5 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 257.0 sq.m (a -36.0% decrease compared to the 401.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 23.1 min in 2016 and 44.2 min in 2017; +91.3%)

Iwanami11,777 JPY/sq.m (-83% compared with the previous year)

The average price of a sq.m Land of Iwanami was 11,777 JPY/sq.m. The market value represents a decrease of 56,223 JPY (-82.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 506.7 sq.m (a -55.0% decrease compared to the 1125.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 26.0 min in 2016 and 88.7 min in 2017; +241.0%)

Fujioka11,363 JPY/sq.m (-82% compared with the previous year)

The average price of a sq.m Land of Fujioka was 11,363 JPY/sq.m. The market value represents a decrease of 51,680 JPY (-82.0%) 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 440.0 sq.m (a -4.3% decrease compared to the 460.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 11.0 min in 2016 and 15.0 min in 2017; +36.4%)

Breakdown of each segment

Station:   Segment:

Top

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)