Tokaido Shinkansen railway market report

Tokaido Shinkansen Land market overview

The average price of a sq.m Land of Tokaido Shinkansen (Atami to Hamamatsu), in Jul, 2014 to Sep, 2014 was 84,989 JPY/sq.m. The market value represents a decrease of 4,837 JPY (-5.4%) compared to 1 year ago and a transition to a bear market. 178 properties exchanged hands ( The market value represents a decrease of 194 (-52.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 267.6 sq.m (a -15.5% decrease compared to the 316.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

1 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Shizuoka station has seen a price increase of over 5% compared to last year. The most dramatic price increase was at Shizuoka station, where prices have increased +7.9% compared to last year; a sq.m unit now costs 145,335 JPY/sq.m.

The top 1 stations has seen prices increase +7.9% (+10,678 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -48.8% (-25,360 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 0.3% of total transactions in 2013 and 0.6% of total transactions in 2014)

Breakdown of each segment

The table below shows Land dealt in Tokaido Shinkansen, 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 Shizuoka, the highest market value along this railway was 145,335 JPY/sq.m. The market value represents an increase of 10,678 JPY (+7.9%) compared to 1 year ago and a transition to a strong market. 45 properties exchanged hands ( The market value represents a decrease of 69 (-60.5%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Atami, the lowest market value along this railway was 26,636 JPY/sq.m. The market value represents a decrease of 25,360 JPY (-48.8%) 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.).

Tokaido Shinkansen (Stations Land market overview)
Tokaido ShinkansenThis year(2014)1 year ago2 years ago
Atami26,636 JPY (0.0Y/1150.0sq.m)51,996 JPY (0.0Y/456.0sq.m)25,376 JPY (0.0Y/908.3sq.m)
Mishima99,955 JPY (0.0Y/308.9sq.m)100,782 JPY (0.0Y/407.2sq.m)92,764 JPY (0.0Y/271.3sq.m)
Shizuoka145,335 JPY (0.0Y/195.1sq.m)134,657 JPY (0.0Y/241.8sq.m)131,726 JPY (0.0Y/228.9sq.m)
Kakegawa35,221 JPY (0.0Y/377.2sq.m)40,012 JPY (0.0Y/425.3sq.m)43,777 JPY (0.0Y/286.7sq.m)
Hamamatsu67,146 JPY (0.0Y/259.5sq.m)69,648 JPY (0.0Y/317.6sq.m)66,496 JPY (0.0Y/347.7sq.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

Shizuoka145,335 JPY/sq.m (+8% compared with the previous year)

The average price of a sq.m Land of Shizuoka was 145,335 JPY/sq.m. The market value represents an increase of 10,678 JPY (+7.9%) compared to 1 year ago and a transition to a strong market. 45 properties exchanged hands ( The market value represents a decrease of 69 (-60.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 195.1 sq.m (a -19.3% decrease compared to the 241.8 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 39.2 min in 2013 and 33.9 min in 2014; -13.6%)

Atami26,636 JPY/sq.m (-49% compared with the previous year)

The average price of a sq.m Land of Atami was 26,636 JPY/sq.m. The market value represents a decrease of 25,360 JPY (-48.8%) 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 1150.0 sq.m (a +152.2% increase compared to the 456.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 40.8 min in 2013 and 45.0 min in 2014; +10.3%)

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)