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 Jan, 2014 to Dec, 2014 was 79,365 JPY/sq.m. The market value represents a decrease of 6,821 JPY (-7.9%) compared to 1 year ago and a transition to a bear market. 778 properties exchanged hands ( The market value represents a decrease of 715 (-47.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 312.5 sq.m (a +0.6% increase compared to the 310.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a some increase in transactions involving very large size more than 200 sq.m.

1 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Shizuoka, Kakegawa station has seen a price decrease of over 20% compared to last year. The most dramatic price increase was at Atami station, where prices have decreased -27.0% compared to last year; a sq.m unit now costs 36,720 JPY/sq.m.

The top 1 stations has seen prices increase +3.4% (+3,222 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -27.0% (-13,552 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 0.1% of total transactions in 2013 and 0.4% 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 128,265 JPY/sq.m. The market value represents a decrease of 3,771 JPY (-2.9%) compared to 1 year ago and a transition to a slight market. 193 properties exchanged hands ( The market value represents a decrease of 233 (-54.7%) 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 36,720 JPY/sq.m. The market value represents a decrease of 13,552 JPY (-27.0%) compared to 1 year ago and a transition to a dramatic market. 15 properties exchanged hands ( The market value represents a decrease of 2 (-11.8%) compared to 1 year ago and a transition to a weak market.).

Tokaido Shinkansen (Stations Land market overview)
Tokaido ShinkansenThis year(2014)1 year ago2 years ago
Atami36,720 JPY (0.0Y/581.3sq.m)50,271 JPY (0.0Y/391.8sq.m)55,648 JPY (0.0Y/543.9sq.m)
Mishima99,276 JPY (0.0Y/293.0sq.m)96,054 JPY (0.0Y/373.7sq.m)102,027 JPY (0.0Y/279.0sq.m)
Shizuoka128,265 JPY (0.0Y/217.2sq.m)132,036 JPY (0.0Y/236.2sq.m)129,725 JPY (0.0Y/223.1sq.m)
Kakegawa39,104 JPY (0.0Y/330.1sq.m)39,516 JPY (0.0Y/363.3sq.m)42,680 JPY (0.0Y/373.2sq.m)
Hamamatsu63,775 JPY (0.0Y/344.4sq.m)69,394 JPY (0.0Y/326.7sq.m)68,321 JPY (0.0Y/361.1sq.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

Mishima99,276 JPY/sq.m (+3% compared with the previous year)

The average price of a sq.m Land of Mishima was 99,276 JPY/sq.m. The market value represents an increase of 3,222 JPY (+3.4%) compared to 1 year ago and a transition to a some market. 53 properties exchanged hands ( The market value represents a decrease of 95 (-64.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 293.0 sq.m (a -21.6% decrease compared to the 373.7 sq.m of last year.).

Atami36,720 JPY/sq.m (-27% compared with the previous year)

The average price of a sq.m Land of Atami was 36,720 JPY/sq.m. The market value represents a decrease of 13,552 JPY (-27.0%) compared to 1 year ago and a transition to a dramatic market. 15 properties exchanged hands ( The market value represents a decrease of 2 (-11.8%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 581.3 sq.m (a +48.4% increase compared to the 391.8 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 31.1 min in 2013 and 27.7 min in 2014; -11.1%)

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)