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 Dec, 2015 was 32,705 JPY/sq.m. The market value represents a decrease of 2,186 JPY (-6.3%) compared to 1 year ago and a transition to a bear market. 41 properties exchanged hands ( The market value represents a decrease of 7 (-14.6%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 409.4 sq.m (a -9.3% decrease compared to the 451.1 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.

3 stations have experienced increased prices; 3 stations have experienced decreased prices. The overall trend was the same as last year. Atami, Kinomiya, Izutaga station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kinomiya station, where prices have increased +80.9% compared to last year; a sq.m unit now costs 20,756 JPY/sq.m.

The top 2 stations has seen prices increase +76.5% (+11,252 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -31.4% (-9,327 JPY/sq.m).

Cause of price increases

  • An increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 8.3% of total transactions in 2014 and 9.8% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 20.4 min in 2014 and 24.6 min in 2015; +20.7%)

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 Atami, the highest market value along this railway was 56,716 JPY/sq.m. The market value represents an increase of 19,996 JPY (+54.5%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 6 (-40.0%) 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 18,075 JPY/sq.m. The market value represents a decrease of 7,055 JPY (-28.1%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents an increase of 4 (+57.1%) 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
Atami56,716 JPY (0.0Y/480.0sq.m)36,720 JPY (0.0Y/581.3sq.m)50,271 JPY (0.0Y/391.8sq.m)
Kinomiya20,756 JPY (0.0Y/393.8sq.m)11,473 JPY (0.0Y/748.3sq.m)12,905 JPY (0.0Y/328.8sq.m)
Izutaga31,578 JPY (0.0Y/95.0sq.m)18,358 JPY (0.0Y/495.0sq.m)24,765 JPY (0.0Y/417.1sq.m)
Ajiro21,778 JPY (0.0Y/290.0sq.m)33,377 JPY (0.0Y/410.0sq.m)12,718 JPY (0.0Y/357.1sq.m)
Usami18,075 JPY (0.0Y/470.0sq.m)25,130 JPY (0.0Y/266.4sq.m)26,955 JPY (0.0Y/559.7sq.m)
Itou44,883 JPY (0.0Y/361.2sq.m)56,706 JPY (0.0Y/222.5sq.m)56,880 JPY (0.0Y/251.3sq.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

Kinomiya20,756 JPY/sq.m (+81% compared with the previous year)

The average price of a sq.m Land of Kinomiya was 20,756 JPY/sq.m. The market value represents an increase of 9,283 JPY (+80.9%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 2 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 393.8 sq.m (a -47.4% decrease compared to the 748.3 sq.m of last year.).

Izutaga31,578 JPY/sq.m (+72% compared with the previous year)

The average price of a sq.m Land of Izutaga was 31,578 JPY/sq.m. The market value represents an increase of 13,220 JPY (+72.0%) 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 size of the real estate was 95.0 sq.m (a -80.8% decrease compared to the 495.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 14.0 min in 2014 and 25.0 min in 2015; +78.6%)

Ajiro21,778 JPY/sq.m (-35% compared with the previous year)

The average price of a sq.m Land of Ajiro was 21,778 JPY/sq.m. The market value represents a decrease of 11,600 JPY (-34.8%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 3 (-42.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 290.0 sq.m (a -29.3% decrease compared to the 410.0 sq.m of last year.).

Causes of price decreases

  • An decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 28.6% of total transactions in 2014 and 25.0% of total transactions in 2015)

Usami18,075 JPY/sq.m (-28% compared with the previous year)

The average price of a sq.m Land of Usami was 18,075 JPY/sq.m. The market value represents a decrease of 7,055 JPY (-28.1%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents an increase of 4 (+57.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 470.0 sq.m (a +76.4% increase compared to the 266.4 sq.m of last year.).

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 14.3% of total transactions in 2014 and 18.2% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 15.4 min in 2014 and 25.7 min in 2015; +66.8%)

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)