JR Minobu Line Shizuoka 2014-FY
Land market report

JR Minobu Line railway market report

JR Minobu Line Land market overview

The average price of a sq.m Land of JR Minobu Line (Fuji to Shibakawa), in Jan, 2014 to Dec, 2014 was 50,306 JPY/sq.m. The market value represents a decrease of 2,903 JPY (-5.5%) compared to 1 year ago and a transition to a bear market. 236 properties exchanged hands ( The market value represents a decrease of 217 (-47.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 403.3 sq.m (a -6.4% decrease compared to the 430.9 sq.m of last year.).

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

2 stations have experienced increased prices; 6 stations have experienced decreased prices. Market value of most stations decreased. IRiyamase, Numakubo station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Numakubo station, where prices have increased +13.1% compared to last year; a sq.m unit now costs 31,428 JPY/sq.m.

The top 2 stations has seen prices increase +12.8% (+4,828 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -34.7% (-11,129 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 0.7% of total transactions in 2013 and 0.8% of total transactions in 2014)

Causes of price decreases

  • An increase in average distance from the station (representing 30.2 min in 2013 and 35.9 min in 2014; +18.9%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.9% of total transactions in 2013 and 0.8% of total transactions in 2014)

Breakdown of each segment

The table below shows Land dealt in JR Minobu 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 Fuji, the highest market value along this railway was 59,554 JPY/sq.m. The market value represents a decrease of 2,853 JPY (-4.6%) compared to 1 year ago and a transition to a some market. 134 properties exchanged hands ( The market value represents a decrease of 111 (-45.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Shibakawa, the lowest market value along this railway was 11,992 JPY/sq.m. The market value represents a decrease of 12,616 JPY (-51.3%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Minobu Line (Stations Land market overview)
JR Minobu LineThis year(2014)1 year ago2 years ago
Fuji59,554 JPY (0.0Y/412.6sq.m)62,406 JPY (0.0Y/450.9sq.m)64,104 JPY (0.0Y/448.1sq.m)
Yunoki-85,714 JPY (0.0Y/280.0sq.m)71,963 JPY (0.0Y/236.2sq.m)
Tatebori-52,708 JPY (0.0Y/781.9sq.m)47,517 JPY (0.0Y/815.0sq.m)
IRiyamase54,172 JPY (0.0Y/190.6sq.m)48,167 JPY (0.0Y/422.6sq.m)51,924 JPY (0.0Y/302.5sq.m)
Fujine32,159 JPY (0.0Y/422.5sq.m)33,408 JPY (0.0Y/436.7sq.m)39,001 JPY (0.0Y/257.2sq.m)
Genndouji43,828 JPY (0.0Y/408.8sq.m)53,470 JPY (0.0Y/376.7sq.m)38,294 JPY (0.0Y/379.6sq.m)
Fujinomiya39,795 JPY (0.0Y/420.9sq.m)41,114 JPY (0.0Y/364.7sq.m)41,347 JPY (0.0Y/390.1sq.m)
Nishifujinomiya34,701 JPY (0.0Y/372.6sq.m)40,851 JPY (0.0Y/518.3sq.m)40,077 JPY (0.0Y/259.5sq.m)
Numakubo31,428 JPY (0.0Y/350.0sq.m)27,777 JPY (0.0Y/360.0sq.m)-
Shibakawa11,992 JPY (0.0Y/376.0sq.m)24,608 JPY (0.0Y/172.5sq.m)20,000 JPY (0.0Y/300.0sq.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

Numakubo31,428 JPY/sq.m (+13% compared with the previous year)

The average price of a sq.m Land of Numakubo was 31,428 JPY/sq.m. The market value represents an increase of 3,651 JPY (+13.1%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 350.0 sq.m (a -2.8% decrease compared to the 360.0 sq.m of last year.).

IRiyamase54,172 JPY/sq.m (+12% compared with the previous year)

The average price of a sq.m Land of IRiyamase was 54,172 JPY/sq.m. The market value represents an increase of 6,006 JPY (+12.5%) compared to 1 year ago and a transition to a bull market. 8 properties exchanged hands ( The market value represents a decrease of 15 (-65.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 190.6 sq.m (a -54.9% decrease compared to the 422.6 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 16.1 min in 2013 and 19.4 min in 2014; +20.1%)

Shibakawa11,992 JPY/sq.m (-51% compared with the previous year)

The average price of a sq.m Land of Shibakawa was 11,992 JPY/sq.m. The market value represents a decrease of 12,616 JPY (-51.3%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 376.0 sq.m (a +118.0% increase compared to the 172.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 15.5 min in 2013 and 53.0 min in 2014; +241.9%)

Genndouji43,828 JPY/sq.m (-18% compared with the previous year)

The average price of a sq.m Land of Genndouji was 43,828 JPY/sq.m. The market value represents a decrease of 9,642 JPY (-18.0%) compared to 1 year ago and a transition to a weak market. 8 properties exchanged hands ( The market value represents a decrease of 7 (-46.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 408.8 sq.m (a +8.5% increase compared to the 376.7 sq.m of last year.).

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 6.7% of total transactions in 2013 and 12.5% of total transactions in 2014)

Causes of price decreases

  • An increase in average distance from the station (representing 15.3 min in 2013 and 18.1 min in 2014; +18.7%)

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)