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 Apr, 2015 to Jun, 2015 was 50,047 JPY/sq.m. The market value represents a decrease of 2,237 JPY (-4.3%) compared to 1 year ago and a transition to a some market. 55 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 330.5 sq.m (a -22.5% decrease compared to the 426.7 sq.m of last year.).

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

5 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was the same as last year. Fujine, Genndouji station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Genndouji station, where prices have increased +45.3% compared to last year; a sq.m unit now costs 53,973 JPY/sq.m.

The top 2 stations has seen prices increase +40.3% (+13,042 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -2.7% (-2,439 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 38.1 min in 2014 and 27.7 min in 2015; -27.2%)

Causes of price decreases

  • A slight decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 1.8% of total transactions in 2014 and 1.8% of total transactions in 2015)

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 55,322 JPY/sq.m. The market value represents a decrease of 7,406 JPY (-11.8%) compared to 1 year ago and a transition to a weak market. 31 properties exchanged hands ( The market value represents a decrease of 2 (-6.1%) compared to 1 year ago and a transition to a bear market.).

The average price of a sq.m Land of Fujine, the lowest market value along this railway was 35,515 JPY/sq.m. The market value represents an increase of 9,253 JPY (+35.2%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Minobu Line (Stations Land market overview)
JR Minobu LineThis year(2015)1 year ago2 years ago
Fuji55,322 JPY (0.0Y/376.1sq.m)62,729 JPY (0.0Y/430.0sq.m)62,401 JPY (0.0Y/385.7sq.m)
Yunoki---
Tatebori57,138 JPY (0.0Y/150.0sq.m)-62,839 JPY (0.0Y/490.0sq.m)
IRiyamase42,778 JPY (0.0Y/436.7sq.m)35,651 JPY (0.0Y/168.3sq.m)43,671 JPY (0.0Y/461.4sq.m)
Fujine35,515 JPY (0.0Y/361.2sq.m)26,262 JPY (0.0Y/990.0sq.m)53,571 JPY (0.0Y/235.0sq.m)
Genndouji53,973 JPY (0.0Y/167.5sq.m)37,142 JPY (0.0Y/1400.0sq.m)46,216 JPY (0.0Y/825.0sq.m)
Fujinomiya41,717 JPY (0.0Y/245.5sq.m)39,187 JPY (0.0Y/348.8sq.m)39,631 JPY (0.0Y/421.9sq.m)
Nishifujinomiya43,043 JPY (0.0Y/215.0sq.m)36,666 JPY (0.0Y/462.5sq.m)29,485 JPY (0.0Y/646.0sq.m)
Numakubo---
Shibakawa--27,083 JPY (0.0Y/270.0sq.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

Genndouji53,973 JPY/sq.m (+45% compared with the previous year)

The average price of a sq.m Land of Genndouji was 53,973 JPY/sq.m. The market value represents an increase of 16,831 JPY (+45.3%) 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 167.5 sq.m (a -88.0% decrease compared to the 1400.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 2.0 min in 2014 and 11.0 min in 2015; +450.0%)
  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 100.0% of total transactions in 2014 and 50.0% of total transactions in 2015)

Fujine35,515 JPY/sq.m (+35% compared with the previous year)

The average price of a sq.m Land of Fujine was 35,515 JPY/sq.m. The market value represents an increase of 9,253 JPY (+35.2%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 361.2 sq.m (a -63.5% decrease compared to the 990.0 sq.m of last year.).

Fuji55,322 JPY/sq.m (-12% compared with the previous year)

The average price of a sq.m Land of Fuji was 55,322 JPY/sq.m. The market value represents a decrease of 7,406 JPY (-11.8%) compared to 1 year ago and a transition to a weak market. 31 properties exchanged hands ( The market value represents a decrease of 2 (-6.1%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 376.1 sq.m (a -12.5% decrease compared to the 430.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 41.3 min in 2014 and 31.9 min in 2015; -22.7%)

Fujinomiya41,717 JPY/sq.m (+6% compared with the previous year)

The average price of a sq.m Land of Fujinomiya was 41,717 JPY/sq.m. The market value represents an increase of 2,529 JPY (+6.5%) compared to 1 year ago and a transition to a strong market. 11 properties exchanged hands ( The market value represents a decrease of 2 (-15.4%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 245.5 sq.m (a -29.6% decrease compared to the 348.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 44.7 min in 2014 and 33.7 min in 2015; -24.5%)

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)