JR Itō Line Shizuoka 2014-4Q
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 Oct, 2014 to Dec, 2014 was 33,277 JPY/sq.m. The market value represents a decrease of 12,503 JPY (-27.3%) compared to 1 year ago and a transition to a dramatic market. 19 properties exchanged hands ( The market value represents an increase of 1 (+5.6%) compared to 1 year ago and a transition to a strong market.).

The average size of the real estate was 485.8 sq.m (a +35.3% increase compared to the 359.2 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.

2 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Izutaga 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 +162.0% compared to last year; a sq.m unit now costs 36,228 JPY/sq.m.

The top 2 stations has seen prices increase +110.7% (+15,905 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -69.5% (-25,494 JPY/sq.m).

Causes of price decreases

  • An increase in average distance from the station (representing 19.1 min in 2013 and 22.1 min in 2014; +15.7%)
  • A some decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 11.1% of total transactions in 2013 and 10.5% 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

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Land stations market overview

The average price of a sq.m Land of Itou, the highest market value along this railway was 58,889 JPY/sq.m. The market value represents a decrease of 5,992 JPY (-9.2%) compared to 1 year ago and a transition to a bear market. 4 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Usami, the lowest market value along this railway was 9,582 JPY/sq.m. The market value represents a decrease of 29,922 JPY (-75.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Itō Line (Stations Land market overview)
JR Itō LineThis year(2014)1 year ago2 years ago
Atami32,748 JPY (0.0Y/891.7sq.m)50,666 JPY (0.0Y/520.0sq.m)6,777 JPY (0.0Y/900.0sq.m)
Kinomiya12,266 JPY (0.0Y/75.0sq.m)33,333 JPY (0.0Y/120.0sq.m)45,339 JPY (0.0Y/593.8sq.m)
Izutaga25,264 JPY (0.0Y/357.5sq.m)15,853 JPY (0.0Y/410.0sq.m)61,312 JPY (0.0Y/117.5sq.m)
Ajiro36,228 JPY (0.0Y/223.3sq.m)13,829 JPY (0.0Y/470.0sq.m)38,658 JPY (0.0Y/392.5sq.m)
Usami9,582 JPY (0.0Y/426.7sq.m)39,504 JPY (0.0Y/339.0sq.m)18,914 JPY (0.0Y/87.5sq.m)
Itou58,889 JPY (0.0Y/285.0sq.m)64,880 JPY (0.0Y/162.5sq.m)51,254 JPY (0.0Y/196.7sq.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

Ajiro36,228 JPY/sq.m (+162% compared with the previous year)

The average price of a sq.m Land of Ajiro was 36,228 JPY/sq.m. The market value represents an increase of 22,399 JPY (+162.0%) compared to 1 year ago and a transition to a dramatic 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 size of the real estate was 223.3 sq.m (a -52.5% decrease compared to the 470.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 19.0 min in 2013 and 13.7 min in 2014; -28.1%)

Izutaga25,264 JPY/sq.m (+59% compared with the previous year)

The average price of a sq.m Land of Izutaga was 25,264 JPY/sq.m. The market value represents an increase of 9,411 JPY (+59.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 357.5 sq.m (a -12.8% decrease compared to the 410.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 15.0 min in 2013 and 8.5 min in 2014; -43.3%)

Usami9,582 JPY/sq.m (-76% compared with the previous year)

The average price of a sq.m Land of Usami was 9,582 JPY/sq.m. The market value represents a decrease of 29,922 JPY (-75.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 426.7 sq.m (a +25.9% increase compared to the 339.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 16.0 min in 2013 and 24.7 min in 2014; +54.2%)

Kinomiya12,266 JPY/sq.m (-63% compared with the previous year)

The average price of a sq.m Land of Kinomiya was 12,266 JPY/sq.m. The market value represents a decrease of 21,067 JPY (-63.2%) 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 75.0 sq.m (a -37.5% decrease compared to the 120.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 14.0 min in 2013 and 30.0 min in 2014; +114.3%)

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)