Tenryū Hamanako Railroad Tenryū Hamanako Line Shizuoka 2016-2Q
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 Apr, 2016 to Jun, 2016 was 36,320 JPY/sq.m. The market value represents an increase of 11,898 JPY (+48.7%) compared to 1 year ago and a transition to a dramatic market. 60 properties exchanged hands ( The market value represents an increase of 8 (+15.4%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 361.8 sq.m (a -24.8% decrease compared to the 481.0 sq.m of last year.).

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

4 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Kakegawa station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Mikkabi station, where prices have increased +5372.6% compared to last year; a sq.m unit now costs 45,833 JPY/sq.m.

The top 2 stations has seen prices increase +3005.0% (+39,878 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -26.5% (-7,963 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 33.8 min in 2015 and 29.2 min in 2016; -13.5%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.9% of total transactions in 2015 and 10.0% of total transactions in 2016)

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 80,645 JPY/sq.m. The market value represents an increase of 53,966 JPY (+202.3%) 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 Tootoumiichinomiya, the lowest market value along this railway was 12,370 JPY/sq.m. The market value represents a decrease of 3,105 JPY (-20.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) 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(2016)1 year ago2 years ago
Kakegawa41,349 JPY (0.0Y/407.8sq.m)26,825 JPY (0.0Y/544.0sq.m)43,696 JPY (0.0Y/254.2sq.m)
Towata30,000 JPY (0.0Y/230.0sq.m)31,140 JPY (0.0Y/496.7sq.m)20,686 JPY (0.0Y/460.0sq.m)
Ennshuumori-14,079 JPY (0.0Y/203.3sq.m)25,200 JPY (0.0Y/250.0sq.m)
Enndenn-24,000 JPY (0.0Y/250.0sq.m)15,217 JPY (0.0Y/230.0sq.m)
Tootoumiichinomiya12,370 JPY (0.0Y/186.7sq.m)15,475 JPY (0.0Y/435.0sq.m)-
Toyooka---
Tennryuufutamata-20,579 JPY (0.0Y/722.0sq.m)-
Futamatahonnmachi18,732 JPY (0.0Y/380.0sq.m)26,405 JPY (0.0Y/189.0sq.m)30,280 JPY (0.0Y/133.3sq.m)
Nishikajima40,215 JPY (0.0Y/330.0sq.m)5,454 JPY (0.0Y/550.0sq.m)52,514 JPY (0.0Y/836.7sq.m)
Gannsuiji---
Miyaguchi22,664 JPY (0.0Y/470.0sq.m)-21,111 JPY (0.0Y/180.0sq.m)
Kanasashi26,156 JPY (0.0Y/353.0sq.m)34,410 JPY (0.0Y/216.0sq.m)34,535 JPY (0.0Y/226.7sq.m)
Okachi---
Kiga38,867 JPY (0.0Y/181.0sq.m)-19,487 JPY (0.0Y/195.0sq.m)
Higashitsuduki---
Tsuduki---
Mikkabi45,833 JPY (0.0Y/240.0sq.m)838 JPY (0.0Y/82.5sq.m)42,274 JPY (0.0Y/126.2sq.m)
Chibata---
Shinnjohara80,645 JPY (0.0Y/310.0sq.m)26,679 JPY (0.0Y/640.0sq.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

Mikkabi45,833 JPY/sq.m (+5373% compared with the previous year)

The average price of a sq.m Land of Mikkabi was 45,833 JPY/sq.m. The market value represents an increase of 44,996 JPY (+5372.6%) 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 240.0 sq.m (a +190.9% increase compared to the 82.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 19.5 min in 2015 and 3.0 min in 2016; -84.6%)

Nishikajima40,215 JPY/sq.m (+637% compared with the previous year)

The average price of a sq.m Land of Nishikajima was 40,215 JPY/sq.m. The market value represents an increase of 34,761 JPY (+637.3%) 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 330.0 sq.m (a -40.0% decrease compared to the 550.0 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 8.0 min in 2016; -73.3%)

Futamatahonnmachi18,732 JPY/sq.m (-29% compared with the previous year)

The average price of a sq.m Land of Futamatahonnmachi was 18,732 JPY/sq.m. The market value represents a decrease of 7,672 JPY (-29.1%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 380.0 sq.m (a +101.1% increase compared to the 189.0 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 23.4 min in 2016; +67.1%)

Kanasashi26,156 JPY/sq.m (-24% compared with the previous year)

The average price of a sq.m Land of Kanasashi was 26,156 JPY/sq.m. The market value represents a decrease of 8,254 JPY (-24.0%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 353.0 sq.m (a +63.4% increase compared to the 216.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 37.4 min in 2015 and 20.8 min in 2016; -44.4%)

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)