JR Itō Line Shizuoka 2016-4Q
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, 2016 to Dec, 2016 was 36,151 JPY/sq.m. The market value represents a decrease of 2,807 JPY (-7.2%) compared to 1 year ago and a transition to a bear market. 17 properties exchanged hands ( The market value represents an increase of 5 (+41.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 266.5 sq.m (a -1.2% decrease compared to the 269.6 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; 2 stations have experienced decreased prices. Market value of most stations decreased. Itou station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Itou station, where prices have increased +12.1% compared to last year; a sq.m unit now costs 49,683 JPY/sq.m.

The top 1 stations has seen prices increase +12.1% (+5,345 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -64.8% (-20,467 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 24.2 min in 2015 and 18.8 min in 2016; -22.4%)

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 49,959 JPY/sq.m. The market value represents a decrease of 21,476 JPY (-30.1%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 4 (+133.3%) 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 11,004 JPY/sq.m. The market value represents an increase of 812 JPY (+8.0%) compared to 1 year ago and a transition to a strong market. 5 properties exchanged hands ( The market value represents an increase of 2 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

JR Itō Line (Stations Land market overview)
JR Itō LineThis year(2016)1 year ago2 years ago
Atami49,959 JPY (0.0Y/305.0sq.m)71,434 JPY (0.0Y/350.0sq.m)32,748 JPY (0.0Y/891.7sq.m)
Kinomiya--12,266 JPY (0.0Y/75.0sq.m)
Izutaga11,111 JPY (0.0Y/180.0sq.m)31,578 JPY (0.0Y/95.0sq.m)25,264 JPY (0.0Y/357.5sq.m)
Ajiro-29,018 JPY (0.0Y/185.0sq.m)36,228 JPY (0.0Y/223.3sq.m)
Usami11,004 JPY (0.0Y/285.0sq.m)10,191 JPY (0.0Y/466.7sq.m)9,582 JPY (0.0Y/426.7sq.m)
Itou49,683 JPY (0.0Y/197.5sq.m)44,339 JPY (0.0Y/106.7sq.m)58,889 JPY (0.0Y/285.0sq.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

Itou49,683 JPY/sq.m (+12% compared with the previous year)

The average price of a sq.m Land of Itou was 49,683 JPY/sq.m. The market value represents an increase of 5,345 JPY (+12.1%) compared to 1 year ago and a transition to a bull market. 4 properties exchanged hands ( The market value represents an increase of 1 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 197.5 sq.m (a +85.2% increase compared to the 106.7 sq.m of last year.).

Izutaga11,111 JPY/sq.m (-65% compared with the previous year)

The average price of a sq.m Land of Izutaga was 11,111 JPY/sq.m. The market value represents a decrease of 20,467 JPY (-64.8%) 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 180.0 sq.m (a +89.5% increase compared to the 95.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 25.0 min in 2015 and 10.0 min in 2016; -60.0%)

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)