Tenryū Hamanako Railroad Tenryū Hamanako Line railway market report
- Type: Land
- Line: Tenryū Hamanako Railroad Tenryū Hamanako Line
Kakegawa Shinnjohara [33 stations] - Period: 2016 - 1Q
Jan, 2016 Mar, 2016
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, 2016 to Mar, 2016 was 29,083 JPY/sq.m. The market value represents a decrease of 6,536 JPY (-18.4%) compared to 1 year ago and a transition to a weak market. 34 properties exchanged hands ( The market value represents a decrease of 9 (-20.9%) compared to 1 year ago and a transition to a dramatic market.).
The average size of the real estate was 435.9 sq.m (a +15.6% 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 very large size more than 200 sq.m.
2 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Futamatahonnmachi, Kanasashi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Futamatahonnmachi station, where prices have increased +35.3% compared to last year; a sq.m unit now costs 14,347 JPY/sq.m.
The top 2 stations has seen prices increase +35.1% (+6,124 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -38.2% (-22,589 JPY/sq.m).
Causes of price decreases
- An increase in average distance from the station (representing 34.2 min in 2015 and 37.9 min in 2016; +10.6%)
Breakdown of each segment
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
Land stations market overview
The average price of a sq.m Land of Shinnjohara, the highest market value along this railway was 40,000 JPY/sq.m. The market value represents a decrease of 21,904 JPY (-35.4%) 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 14,347 JPY/sq.m. The market value represents an increase of 3,747 JPY (+35.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).
| Tenryū Hamanako Railroad Tenryū Hamanako Line | This year（2016） | 1 year ago | 2 years ago |
|---|---|---|---|
| Kakegawa | 30,140 JPY (0.0Y/475.5sq.m) | 42,032 JPY (0.0Y/465.9sq.m) | 35,970 JPY (0.0Y/296.7sq.m) |
| Towata | - | - | - |
| Ennshuumori | 23,775 JPY (0.0Y/550.0sq.m) | 24,325 JPY (0.0Y/206.2sq.m) | - |
| Enndenn | - | - | 20,857 JPY (0.0Y/350.0sq.m) |
| Tootoumiichinomiya | - | 22,950 JPY (0.0Y/610.0sq.m) | - |
| Toyooka | - | - | - |
| Tennryuufutamata | - | 19,458 JPY (0.0Y/301.7sq.m) | - |
| Futamatahonnmachi | 14,347 JPY (0.0Y/460.0sq.m) | 10,600 JPY (0.0Y/500.0sq.m) | 24,106 JPY (0.0Y/585.7sq.m) |
| Nishikajima | 33,600 JPY (0.0Y/226.2sq.m) | 56,875 JPY (0.0Y/256.2sq.m) | 6,312 JPY (0.0Y/388.0sq.m) |
| Gannsuiji | - | - | - |
| Miyaguchi | - | - | 18,518 JPY (0.0Y/270.0sq.m) |
| Kanasashi | 32,828 JPY (0.0Y/400.0sq.m) | 24,328 JPY (0.0Y/307.5sq.m) | 19,676 JPY (0.0Y/435.0sq.m) |
| Okachi | - | - | - |
| Kiga | 21,086 JPY (0.0Y/345.0sq.m) | 29,629 JPY (0.0Y/135.0sq.m) | 42,942 JPY (0.0Y/233.8sq.m) |
| Higashitsuduki | - | - | - |
| Tsuduki | 11,764 JPY (0.0Y/680.0sq.m) | - | - |
| Mikkabi | - | 17,316 JPY (0.0Y/283.8sq.m) | - |
| Chibata | - | - | - |
| Shinnjohara | 40,000 JPY (0.0Y/200.0sq.m) | 61,904 JPY (0.0Y/210.0sq.m) | 91,428 JPY (0.0Y/175.0sq.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.
Noteworthy stations
Futamatahonnmachi 14,347 JPY/sq.m (+35% compared with the previous year)
The average price of a sq.m Land of Futamatahonnmachi was 14,347 JPY/sq.m. The market value represents an increase of 3,747 JPY (+35.3%) 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 460.0 sq.m (a -8.0% decrease compared to the 500.0 sq.m of last year.).
Cause of price increases
- A dramatic decrease in average distance from the station (representing 30.0 min in 2015 and 16.0 min in 2016; -46.7%)
Kanasashi 32,828 JPY/sq.m (+35% compared with the previous year)
The average price of a sq.m Land of Kanasashi was 32,828 JPY/sq.m. The market value represents an increase of 8,500 JPY (+34.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).
The average size of the real estate was 400.0 sq.m (a +30.1% increase compared to the 307.5 sq.m of last year.).
Cause of price increases
- A dramatic decrease in average distance from the station (representing 30.0 min in 2015 and 24.0 min in 2016; -20.0%)
Nishikajima 33,600 JPY/sq.m (-41% compared with the previous year)
The average price of a sq.m Land of Nishikajima was 33,600 JPY/sq.m. The market value represents a decrease of 23,274 JPY (-40.9%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands (It was the same as last year.).
The average size of the real estate was 226.2 sq.m (a -11.7% decrease compared to the 256.2 sq.m of last year.).
Causes of price decreases
- A dramatic increase in average distance from the station (representing 3.0 min in 2015 and 13.8 min in 2016; +358.3%)
Shinnjohara 40,000 JPY/sq.m (-35% compared with the previous year)
The average price of a sq.m Land of Shinnjohara was 40,000 JPY/sq.m. The market value represents a decrease of 21,904 JPY (-35.4%) 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 200.0 sq.m (a -4.8% decrease compared to the 210.0 sq.m of last year.).
Causes of price decreases
- A dramatic increase in average distance from the station (representing 14.0 min in 2015 and 60.0 min in 2016; +328.6%)
Breakdown of each segment
Station: Segment: