Tenryū Hamanako Railroad Tenryū Hamanako Line Shizuoka 2014-3Q
Land market report

Tenryū Hamanako Railroad Tenryū Hamanako Line railway market report

Tenryū Hamanako Railroad Tenryū Hamanako Line Land market overview

The average price of a sq.m Land of Tenryū Hamanako Railroad Tenryū Hamanako Line (Kakegawa to Shinnjohara), in Jul, 2014 to Sep, 2014 was 34,093 JPY/sq.m. The market value represents a decrease of 2,368 JPY (-6.5%) compared to 1 year ago and a transition to a bear market. 40 properties exchanged hands ( The market value represents a decrease of 21 (-34.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 405.2 sq.m (a +7.5% increase compared to the 377.0 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.

3 stations have experienced increased prices; 6 stations have experienced decreased prices. Market value of most stations decreased. Nishikajima, Kiga, Shinnjohara station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nishikajima station, where prices have increased +76.1% compared to last year; a sq.m unit now costs 52,826 JPY/sq.m.

The top 2 stations has seen prices increase +74.6% (+18,991 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -50.7% (-18,692 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 3.3% of total transactions in 2013 and 12.5% of total transactions in 2014)

Breakdown of each segment

The table below shows Land dealt in Tenryū Hamanako Railroad Tenryū Hamanako 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 Shinnjohara, the highest market value along this railway was 64,111 JPY/sq.m. The market value represents an increase of 18,278 JPY (+39.9%) 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 Ennshuumori, the lowest market value along this railway was 11,958 JPY/sq.m. The market value represents a decrease of 16,829 JPY (-58.5%) 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.).

Tenryū Hamanako Railroad Tenryū Hamanako Line (Stations Land market overview)
Tenryū Hamanako Railroad Tenryū Hamanako LineThis year(2014)1 year ago2 years ago
Kakegawa35,221 JPY (0.0Y/377.2sq.m)40,012 JPY (0.0Y/425.3sq.m)43,777 JPY (0.0Y/286.7sq.m)
Towata9,142 JPY (0.0Y/105.0sq.m)-14,800 JPY (0.0Y/250.0sq.m)
Ennshuumori11,958 JPY (0.0Y/1143.3sq.m)28,787 JPY (0.0Y/660.0sq.m)40,000 JPY (0.0Y/175.0sq.m)
Enndenn-31,666 JPY (0.0Y/60.0sq.m)-
Tootoumiichinomiya-18,708 JPY (0.0Y/270.0sq.m)18,794 JPY (0.0Y/430.0sq.m)
Toyooka---
Tennryuufutamata27,272 JPY (0.0Y/330.0sq.m)47,826 JPY (0.0Y/230.0sq.m)85,714 JPY (0.0Y/1400.0sq.m)
Futamatahonnmachi35,426 JPY (0.0Y/236.7sq.m)40,237 JPY (0.0Y/185.0sq.m)32,888 JPY (0.0Y/230.0sq.m)
Nishikajima52,826 JPY (0.0Y/345.0sq.m)30,000 JPY (0.0Y/60.0sq.m)42,950 JPY (0.0Y/401.2sq.m)
Gannsuiji17,600 JPY (0.0Y/500.0sq.m)-36,585 JPY (0.0Y/410.0sq.m)
Miyaguchi42,272 JPY (0.0Y/220.0sq.m)48,000 JPY (0.0Y/250.0sq.m)-
Kanasashi26,414 JPY (0.0Y/298.3sq.m)29,947 JPY (0.0Y/515.0sq.m)35,270 JPY (0.0Y/256.7sq.m)
Okachi---
Kiga35,860 JPY (0.0Y/276.7sq.m)20,704 JPY (0.0Y/317.5sq.m)33,758 JPY (0.0Y/221.2sq.m)
Higashitsuduki---
Tsuduki--33,333 JPY (0.0Y/510.0sq.m)
Mikkabi24,232 JPY (0.0Y/640.0sq.m)--
Chibata---
Shinnjohara64,111 JPY (0.0Y/215.0sq.m)45,833 JPY (0.0Y/240.0sq.m)54,643 JPY (0.0Y/651.4sq.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

Nishikajima52,826 JPY/sq.m (+76% compared with the previous year)

The average price of a sq.m Land of Nishikajima was 52,826 JPY/sq.m. The market value represents an increase of 22,826 JPY (+76.1%) 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 345.0 sq.m (a +475.0% increase compared to the 60.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 1.0 min in 2013 and 10.0 min in 2014; +900.0%)

Kiga35,860 JPY/sq.m (+73% compared with the previous year)

The average price of a sq.m Land of Kiga was 35,860 JPY/sq.m. The market value represents an increase of 15,156 JPY (+73.2%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 276.7 sq.m (a -12.9% decrease compared to the 317.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 43.8 min in 2013 and 24.7 min in 2014; -43.6%)

Ennshuumori11,958 JPY/sq.m (-58% compared with the previous year)

The average price of a sq.m Land of Ennshuumori was 11,958 JPY/sq.m. The market value represents a decrease of 16,829 JPY (-58.5%) 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 1143.3 sq.m (a +73.2% increase compared to the 660.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 11.0 min in 2013 and 19.3 min in 2014; +75.8%)

Tennryuufutamata27,272 JPY/sq.m (-43% compared with the previous year)

The average price of a sq.m Land of Tennryuufutamata was 27,272 JPY/sq.m. The market value represents a decrease of 20,554 JPY (-43.0%) 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 330.0 sq.m (a +43.5% increase compared to the 230.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2013 and 3.0 min in 2014; -90.0%)

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)