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, 2015 to Mar, 2015 was 22,322 JPY/sq.m. The market value represents a decrease of 24,518 JPY (-52.3%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents a decrease of 1 (-9.1%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 435.0 sq.m (a +82.3% increase compared to the 238.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

1 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased.

The top 1 stations has seen prices increase +533.4% (+19,278 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -83.4% (-33,884 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 12.7 min in 2014 and 22.4 min in 2015; +76.0%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 18.2% of total transactions in 2014 and 10.0% of total transactions in 2015)

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 44,278 JPY/sq.m. The market value represents a decrease of 55,722 JPY (-55.7%) 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 price of a sq.m Land of Usami, the lowest market value along this railway was 6,734 JPY/sq.m. The market value represents a decrease of 33,884 JPY (-83.4%) 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.).

JR Itō Line (Stations Land market overview)
JR Itō LineThis year(2015)1 year ago2 years ago
Atami-53,801 JPY (0.0Y/171.0sq.m)47,500 JPY (0.0Y/140.0sq.m)
Kinomiya22,892 JPY (0.0Y/418.0sq.m)3,614 JPY (0.0Y/830.0sq.m)12,903 JPY (0.0Y/155.0sq.m)
Izutaga--37,307 JPY (0.0Y/337.5sq.m)
Ajiro-30,692 JPY (0.0Y/300.0sq.m)10,286 JPY (0.0Y/282.5sq.m)
Usami6,734 JPY (0.0Y/660.0sq.m)40,618 JPY (0.0Y/127.5sq.m)27,560 JPY (0.0Y/385.0sq.m)
Itou44,278 JPY (0.0Y/140.0sq.m)100,000 JPY (0.0Y/85.0sq.m)41,258 JPY (0.0Y/310.0sq.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.

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Noteworthy stations

Kinomiya22,892 JPY/sq.m (+533% compared with the previous year)

The average price of a sq.m Land of Kinomiya was 22,892 JPY/sq.m. The market value represents an increase of 19,278 JPY (+533.4%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 418.0 sq.m (a -49.6% decrease compared to the 830.0 sq.m of last year.).

Usami6,734 JPY/sq.m (-83% compared with the previous year)

The average price of a sq.m Land of Usami was 6,734 JPY/sq.m. The market value represents a decrease of 33,884 JPY (-83.4%) 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 660.0 sq.m (a +417.6% increase compared to the 127.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.5 min in 2014 and 21.7 min in 2015; +188.9%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 50.0% of total transactions in 2014 and 33.3% 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)