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 Jan, 2015 to Mar, 2015 was 35,620 JPY/sq.m. The market value represents an increase of 5,888 JPY (+19.8%) compared to 1 year ago and a transition to a bull market. 43 properties exchanged hands ( The market value represents an increase of 1 (+2.4%) compared to 1 year ago and a transition to a slight market.).

The average size of the real estate was 377.0 sq.m (a +3.6% increase compared to the 363.9 sq.m of last year.).

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

3 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Kanasashi 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 +801.1% compared to last year; a sq.m unit now costs 56,875 JPY/sq.m.

The top 2 stations has seen prices increase +412.4% (+27,607 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -44.2% (-21,515 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 2.4% of total transactions in 2014 and 7.0% of total transactions in 2015)

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 61,904 JPY/sq.m. The market value represents a decrease of 29,524 JPY (-32.3%) 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 price of a sq.m Land of Futamatahonnmachi, the lowest market value along this railway was 10,600 JPY/sq.m. The market value represents a decrease of 13,506 JPY (-56.0%) 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.).

Tenryū Hamanako Railroad Tenryū Hamanako Line (Stations Land market overview)
Tenryū Hamanako Railroad Tenryū Hamanako LineThis year(2015)1 year ago2 years ago
Kakegawa42,032 JPY (0.0Y/465.9sq.m)35,970 JPY (0.0Y/296.7sq.m)38,682 JPY (0.0Y/480.6sq.m)
Towata---
Ennshuumori24,325 JPY (0.0Y/206.2sq.m)-24,117 JPY (0.0Y/170.0sq.m)
Enndenn-20,857 JPY (0.0Y/350.0sq.m)-
Tootoumiichinomiya22,950 JPY (0.0Y/610.0sq.m)-47,826 JPY (0.0Y/230.0sq.m)
Toyooka---
Tennryuufutamata19,458 JPY (0.0Y/301.7sq.m)-29,329 JPY (0.0Y/480.0sq.m)
Futamatahonnmachi10,600 JPY (0.0Y/500.0sq.m)24,106 JPY (0.0Y/585.7sq.m)13,992 JPY (0.0Y/370.0sq.m)
Nishikajima56,875 JPY (0.0Y/256.2sq.m)6,312 JPY (0.0Y/388.0sq.m)12,087 JPY (0.0Y/910.0sq.m)
Gannsuiji---
Miyaguchi-18,518 JPY (0.0Y/270.0sq.m)-
Kanasashi24,328 JPY (0.0Y/307.5sq.m)19,676 JPY (0.0Y/435.0sq.m)23,676 JPY (0.0Y/432.9sq.m)
Okachi---
Kiga29,629 JPY (0.0Y/135.0sq.m)42,942 JPY (0.0Y/233.8sq.m)23,857 JPY (0.0Y/192.5sq.m)
Higashitsuduki---
Tsuduki--23,358 JPY (0.0Y/513.3sq.m)
Mikkabi17,316 JPY (0.0Y/283.8sq.m)-33,750 JPY (0.0Y/95.0sq.m)
Chibata---
Shinnjohara61,904 JPY (0.0Y/210.0sq.m)91,428 JPY (0.0Y/175.0sq.m)72,516 JPY (0.0Y/590.0sq.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

Nishikajima56,875 JPY/sq.m (+801% compared with the previous year)

The average price of a sq.m Land of Nishikajima was 56,875 JPY/sq.m. The market value represents an increase of 50,563 JPY (+801.1%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 256.2 sq.m (a -34.0% decrease compared to the 388.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 29.0 min in 2014 and 3.0 min in 2015; -89.7%)

Kanasashi24,328 JPY/sq.m (+24% compared with the previous year)

The average price of a sq.m Land of Kanasashi was 24,328 JPY/sq.m. The market value represents an increase of 4,652 JPY (+23.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 307.5 sq.m (a -29.3% decrease compared to the 435.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 48.6 min in 2014 and 30.0 min in 2015; -38.3%)

Futamatahonnmachi10,600 JPY/sq.m (-56% compared with the previous year)

The average price of a sq.m Land of Futamatahonnmachi was 10,600 JPY/sq.m. The market value represents a decrease of 13,506 JPY (-56.0%) 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 500.0 sq.m (a -14.6% decrease compared to the 585.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 25.0 min in 2014 and 30.0 min in 2015; +20.0%)

Shinnjohara61,904 JPY/sq.m (-32% compared with the previous year)

The average price of a sq.m Land of Shinnjohara was 61,904 JPY/sq.m. The market value represents a decrease of 29,524 JPY (-32.3%) 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 210.0 sq.m (a +20.0% increase compared to the 175.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 11.0 min in 2014 and 14.0 min in 2015; +27.3%)

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)