Izu Kyūkō Line Shizuoka 2015-1Q
Land market report

Izu Kyūkō Line railway market report

Izu Kyūkō Line Land market overview

The average price of a sq.m Land of Izu Kyūkō Line (Itou to Izukyuushimoda), in Jan, 2015 to Mar, 2015 was 15,687 JPY/sq.m. The market value represents a decrease of 16,920 JPY (-51.9%) compared to 1 year ago and a transition to a dramatic market. 16 properties exchanged hands ( The market value represents a decrease of 9 (-36.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 484.7 sq.m (a +35.4% increase compared to the 358.0 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.

0 stations have experienced increased prices; 6 stations have experienced decreased prices. The market value decreased in all stations.

The top 2 stations has seen prices increase -54.6% (-34,920 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -80.2% (-30,958 JPY/sq.m).

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 4.0% of total transactions in 2014 and 6.2% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 18.8 min in 2014 and 31.1 min in 2015; +65.6%)

Breakdown of each segment

The table below shows Land dealt in Izu Kyūkō 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 Itou, the highest market value along this railway was 44,278 JPY/sq.m. The market value represents a decrease of 55,722 JPY (-55.7%) 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 price of a sq.m Land of Kawadu, the lowest market value along this railway was 5,263 JPY/sq.m. The market value represents a decrease of 15,350 JPY (-74.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

Izu Kyūkō Line (Stations Land market overview)
Izu Kyūkō LineThis year(2015)1 year ago2 years ago
Itou44,278 JPY (0.0Y/140.0sq.m)100,000 JPY (0.0Y/85.0sq.m)41,258 JPY (0.0Y/310.0sq.m)
Minamiitou7,600 JPY (0.0Y/426.7sq.m)54,166 JPY (0.0Y/120.0sq.m)35,659 JPY (0.0Y/242.5sq.m)
Kawana6,330 JPY (0.0Y/620.0sq.m)20,170 JPY (0.0Y/335.0sq.m)37,350 JPY (0.0Y/286.7sq.m)
Futo-5,192 JPY (0.0Y/520.0sq.m)15,951 JPY (0.0Y/549.0sq.m)
Jogasaki-Kaigan12,882 JPY (0.0Y/586.7sq.m)-6,976 JPY (0.0Y/430.0sq.m)
Izukougenn12,320 JPY (0.0Y/946.7sq.m)26,437 JPY (0.0Y/427.5sq.m)28,059 JPY (0.0Y/421.2sq.m)
Izuookawa---
Izuhokkawa---
Izuatagawa-8,450 JPY (0.0Y/710.0sq.m)33,846 JPY (0.0Y/1300.0sq.m)
Kataseshirata-32,380 JPY (0.0Y/192.5sq.m)8,571 JPY (0.0Y/280.0sq.m)
Izuinatori-25,263 JPY (0.0Y/950.0sq.m)43,364 JPY (0.0Y/170.0sq.m)
Imaihamakaigann-11,111 JPY (0.0Y/270.0sq.m)-
Kawadu5,263 JPY (0.0Y/95.0sq.m)20,613 JPY (0.0Y/445.0sq.m)-
Inazusa---
Renndaiji-40,000 JPY (0.0Y/175.0sq.m)13,023 JPY (0.0Y/430.0sq.m)
Izukyuushimoda21,368 JPY (0.0Y/130.0sq.m)53,289 JPY (0.0Y/188.8sq.m)16,054 JPY (0.0Y/267.5sq.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

Izukougenn12,320 JPY/sq.m (-53% compared with the previous year)

The average price of a sq.m Land of Izukougenn was 12,320 JPY/sq.m. The market value represents a decrease of 14,117 JPY (-53.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 5 (-62.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 946.7 sq.m (a +121.4% increase compared to the 427.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 12.5 min in 2014 and 28.0 min in 2015; +124.0%)

Itou44,278 JPY/sq.m (-56% compared with the previous year)

The average price of a sq.m Land of Itou was 44,278 JPY/sq.m. The market value represents a decrease of 55,722 JPY (-55.7%) 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 140.0 sq.m (a +64.7% increase compared to the 85.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.0 min in 2014 and 10.0 min in 2015; +25.0%)

Minamiitou7,600 JPY/sq.m (-86% compared with the previous year)

The average price of a sq.m Land of Minamiitou was 7,600 JPY/sq.m. The market value represents a decrease of 46,566 JPY (-86.0%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 426.7 sq.m (a +255.6% increase compared to the 120.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 1.0 min in 2014 and 25.3 min in 2015; +2433.3%)

Kawadu5,263 JPY/sq.m (-74% compared with the previous year)

The average price of a sq.m Land of Kawadu was 5,263 JPY/sq.m. The market value represents a decrease of 15,350 JPY (-74.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) 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 -78.7% decrease compared to the 445.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 20.5 min in 2014 and 24.0 min in 2015; +17.1%)

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)