JR Itō Line Shizuoka 2014-1Q
Land market report

JR Itō Line railway market report

JR Itō Line Land market overview

The average price of a sq.m Land of JR Itō Line (Atami to Itou), in Jan, 2014 to Mar, 2014 was 46,840 JPY/sq.m. The market value represents an increase of 17,016 JPY (+57.1%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents a decrease of 5 (-31.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 238.6 sq.m (a -17.3% decrease compared to the 288.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving size for a general family households less than 100 sq.m.

4 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was toward increased prices. Usami station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Ajiro station, where prices have increased +198.4% compared to last year; a sq.m unit now costs 30,692 JPY/sq.m.

The top 1 stations has seen prices increase +198.4% (+20,405 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -72.0% (-9,289 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 19.8 min in 2013 and 12.7 min in 2014; -35.6%)
  • A dramatic increase 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 2013 and 18.2% of total transactions in 2014)

Breakdown of each segment

The table below shows Land dealt in JR Itō 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 Itou, the highest market value along this railway was 100,000 JPY/sq.m. The market value represents an increase of 58,742 JPY (+142.4%) 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 price of a sq.m Land of Kinomiya, the lowest market value along this railway was 3,614 JPY/sq.m. The market value represents a decrease of 9,289 JPY (-72.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

JR Itō Line (Stations Land market overview)
JR Itō LineThis year(2014)1 year ago2 years ago
Atami53,801 JPY (0.0Y/171.0sq.m)47,500 JPY (0.0Y/140.0sq.m)53,272 JPY (0.0Y/359.0sq.m)
Kinomiya3,614 JPY (0.0Y/830.0sq.m)12,903 JPY (0.0Y/155.0sq.m)35,714 JPY (0.0Y/280.0sq.m)
Izutaga-37,307 JPY (0.0Y/337.5sq.m)20,792 JPY (0.0Y/625.0sq.m)
Ajiro30,692 JPY (0.0Y/300.0sq.m)10,286 JPY (0.0Y/282.5sq.m)30,132 JPY (0.0Y/260.0sq.m)
Usami40,618 JPY (0.0Y/127.5sq.m)27,560 JPY (0.0Y/385.0sq.m)6,279 JPY (0.0Y/430.0sq.m)
Itou100,000 JPY (0.0Y/85.0sq.m)41,258 JPY (0.0Y/310.0sq.m)104,820 JPY (0.0Y/320.0sq.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

Ajiro30,692 JPY/sq.m (+198% compared with the previous year)

The average price of a sq.m Land of Ajiro was 30,692 JPY/sq.m. The market value represents an increase of 20,405 JPY (+198.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 300.0 sq.m (a +6.2% increase compared to the 282.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 28.5 min in 2013 and 11.0 min in 2014; -61.4%)

Kinomiya3,614 JPY/sq.m (-72% compared with the previous year)

The average price of a sq.m Land of Kinomiya was 3,614 JPY/sq.m. The market value represents a decrease of 9,289 JPY (-72.0%) 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 830.0 sq.m (a +435.5% increase compared to the 155.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.0 min in 2013 and 30.0 min in 2014; +57.9%)

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)