JR Tokaido Main Line railway market report

JR Tokaido Main Line Land market overview

The average price of a sq.m Land of JR Tokaido Main Line (Atami to Shinnjohara), in Jul, 2017 to Sep, 2017 was 72,730 JPY/sq.m. The market value represents an increase of 9,691 JPY (+15.4%) compared to 1 year ago and a transition to a bull market. 414 properties exchanged hands ( The market value represents a decrease of 77 (-15.7%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 328.4 sq.m (a -0.6% decrease compared to the 330.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

15 stations have experienced increased prices; 13 stations have experienced decreased prices. Market value of most stations decreased. Atami, Kannbara, Shizuoka, Mochimune, Fujieda, Kikugawa, Fukuroi, Toyodachou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Okitsu station, where prices have increased +246.9% compared to last year; a sq.m unit now costs 152,941 JPY/sq.m.

The top 2 stations has seen prices increase +218.1% (+82,466 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -39.5% (-12,368 JPY/sq.m).

Cause of price increases

  • A some increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.0% of total transactions in 2016 and 2.2% of total transactions in 2017)

Causes of price decreases

  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 1.0% of total transactions in 2016 and 0.2% of total transactions in 2017)

Breakdown of each segment

The table below shows Land dealt in JR Tokaido Main 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 Okitsu, the highest market value along this railway was 152,941 JPY/sq.m. The market value represents an increase of 108,851 JPY (+246.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Kanaya, the lowest market value along this railway was 12,715 JPY/sq.m. The market value represents a decrease of 9,634 JPY (-43.1%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 3 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Tokaido Main Line (Stations Land market overview)
JR Tokaido Main LineThis year(2017)1 year ago2 years ago
Atami98,206 JPY (0.0Y/357.0sq.m)51,501 JPY (0.0Y/154.0sq.m)49,852 JPY (0.0Y/950.0sq.m)
Kannnami19,788 JPY (0.0Y/261.7sq.m)-82,666 JPY (0.0Y/75.0sq.m)
Mishima115,184 JPY (0.0Y/262.9sq.m)103,615 JPY (0.0Y/325.0sq.m)112,698 JPY (0.0Y/290.0sq.m)
Numadu83,156 JPY (0.0Y/229.1sq.m)86,015 JPY (0.0Y/199.3sq.m)79,467 JPY (0.0Y/305.0sq.m)
Katahama-67,892 JPY (0.0Y/193.3sq.m)46,238 JPY (0.0Y/474.0sq.m)
Hara-86,615 JPY (0.0Y/150.0sq.m)32,751 JPY (0.0Y/321.7sq.m)
Higashitagonoura33,665 JPY (0.0Y/330.0sq.m)39,726 JPY (0.0Y/155.0sq.m)-
Yoshiwara34,963 JPY (0.0Y/816.7sq.m)45,209 JPY (0.0Y/191.7sq.m)45,747 JPY (0.0Y/342.7sq.m)
Fuji66,593 JPY (0.0Y/329.8sq.m)56,774 JPY (0.0Y/286.0sq.m)73,592 JPY (0.0Y/329.1sq.m)
Fujikawa-61,538 JPY (0.0Y/195.0sq.m)25,188 JPY (0.0Y/131.2sq.m)
Shinnkannbara27,000 JPY (0.0Y/100.0sq.m)42,103 JPY (0.0Y/436.7sq.m)37,391 JPY (0.0Y/115.0sq.m)
Kannbara59,259 JPY (0.0Y/135.0sq.m)31,250 JPY (0.0Y/80.0sq.m)46,428 JPY (0.0Y/280.0sq.m)
Yui57,816 JPY (0.0Y/155.0sq.m)-68,461 JPY (0.0Y/130.0sq.m)
Okitsu152,941 JPY (0.0Y/85.0sq.m)44,090 JPY (0.0Y/661.2sq.m)73,928 JPY (0.0Y/195.0sq.m)
Shimizu79,301 JPY (0.0Y/294.3sq.m)82,489 JPY (0.0Y/215.0sq.m)76,079 JPY (0.0Y/290.4sq.m)
Kusanagi101,932 JPY (0.0Y/233.3sq.m)89,874 JPY (0.0Y/311.7sq.m)106,968 JPY (0.0Y/193.7sq.m)
Higashishizuoka102,465 JPY (0.0Y/559.6sq.m)116,361 JPY (0.0Y/210.0sq.m)156,955 JPY (0.0Y/417.1sq.m)
Shizuoka145,005 JPY (0.0Y/315.7sq.m)117,001 JPY (0.0Y/185.9sq.m)121,169 JPY (0.0Y/274.6sq.m)
Abekawa74,582 JPY (0.0Y/263.8sq.m)97,095 JPY (0.0Y/352.9sq.m)81,028 JPY (0.0Y/182.5sq.m)
Mochimune58,064 JPY (0.0Y/310.0sq.m)31,162 JPY (0.0Y/220.0sq.m)14,211 JPY (0.0Y/218.3sq.m)
Yaidu39,838 JPY (0.0Y/372.5sq.m)48,236 JPY (0.0Y/253.6sq.m)38,387 JPY (0.0Y/286.2sq.m)
Nishiyaidu54,353 JPY (0.0Y/212.3sq.m)56,496 JPY (0.0Y/250.5sq.m)58,635 JPY (0.0Y/408.8sq.m)
Fujieda56,170 JPY (0.0Y/338.2sq.m)41,844 JPY (0.0Y/245.7sq.m)51,625 JPY (0.0Y/395.9sq.m)
Rokugou54,438 JPY (0.0Y/222.5sq.m)47,053 JPY (0.0Y/544.0sq.m)53,241 JPY (0.0Y/201.7sq.m)
Shimada39,280 JPY (0.0Y/295.7sq.m)33,818 JPY (0.0Y/273.2sq.m)46,064 JPY (0.0Y/195.4sq.m)
Kanaya12,715 JPY (0.0Y/407.5sq.m)22,349 JPY (0.0Y/170.0sq.m)16,116 JPY (0.0Y/642.0sq.m)
Kikugawa27,383 JPY (0.0Y/408.3sq.m)17,149 JPY (0.0Y/953.7sq.m)22,945 JPY (0.0Y/652.5sq.m)
Kakegawa27,465 JPY (0.0Y/279.6sq.m)36,483 JPY (0.0Y/438.1sq.m)28,578 JPY (0.0Y/487.7sq.m)
Aino--27,000 JPY (0.0Y/200.0sq.m)
Fukuroi37,912 JPY (0.0Y/460.4sq.m)28,268 JPY (0.0Y/409.7sq.m)37,162 JPY (0.0Y/387.7sq.m)
Iwata47,586 JPY (0.0Y/370.5sq.m)51,588 JPY (0.0Y/409.2sq.m)53,670 JPY (0.0Y/413.3sq.m)
Toyodachou44,859 JPY (0.0Y/387.0sq.m)27,766 JPY (0.0Y/337.3sq.m)32,286 JPY (0.0Y/456.9sq.m)
Tennryuugawa---
Hamamatsu63,605 JPY (0.0Y/343.9sq.m)64,368 JPY (0.0Y/363.2sq.m)61,085 JPY (0.0Y/351.1sq.m)
Takatsuka90,000 JPY (0.0Y/100.0sq.m)--
Maisaka---
Benntennjima---
Araimachi23,000 JPY (0.0Y/175.0sq.m)-21,469 JPY (0.0Y/744.0sq.m)
Washidu85,714 JPY (0.0Y/175.0sq.m)29,633 JPY (0.0Y/360.7sq.m)36,956 JPY (0.0Y/185.0sq.m)
Shinnjohara-68,513 JPY (0.0Y/355.0sq.m)54,559 JPY (0.0Y/309.2sq.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

Okitsu152,941 JPY/sq.m (+247% compared with the previous year)

The average price of a sq.m Land of Okitsu was 152,941 JPY/sq.m. The market value represents an increase of 108,851 JPY (+246.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 85.0 sq.m (a -87.1% decrease compared to the 661.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 46.8 min in 2016 and 24.0 min in 2017; -48.7%)

Washidu85,714 JPY/sq.m (+189% compared with the previous year)

The average price of a sq.m Land of Washidu was 85,714 JPY/sq.m. The market value represents an increase of 56,081 JPY (+189.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 6 (-85.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 175.0 sq.m (a -51.5% decrease compared to the 360.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 34.9 min in 2016 and 8.0 min in 2017; -77.0%)

Kanaya12,715 JPY/sq.m (-43% compared with the previous year)

The average price of a sq.m Land of Kanaya was 12,715 JPY/sq.m. The market value represents a decrease of 9,634 JPY (-43.1%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 3 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 407.5 sq.m (a +139.7% increase compared to the 170.0 sq.m of last year.).

Shinnkannbara27,000 JPY/sq.m (-36% compared with the previous year)

The average price of a sq.m Land of Shinnkannbara was 27,000 JPY/sq.m. The market value represents a decrease of 15,103 JPY (-35.9%) 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 100.0 sq.m (a -77.1% decrease compared to the 436.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 11.7 min in 2016 and 7.0 min in 2017; -40.0%)

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)