Tokaido Shinkansen Shizuoka 2015-1Q
Land market report

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, 2015 to Mar, 2015 was 87,567 JPY/sq.m. The market value represents an increase of 12,644 JPY (+16.9%) compared to 1 year ago and a transition to a bull market. 169 properties exchanged hands ( The market value represents a decrease of 34 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 294.9 sq.m (a -12.2% decrease compared to the 335.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

4 stations have experienced increased prices; 0 stations have experienced decreased prices. The upward trend stations greatly exceeded the downward trend stations. Mishima, Kakegawa, Hamamatsu station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Kakegawa station, where prices have increased +16.9% compared to last year; a sq.m unit now costs 42,032 JPY/sq.m.

The top 1 stations has seen prices increase +16.9% (+6,062 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +5.0% (+5,749 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 57.1 min in 2014 and 49.0 min in 2015; -14.2%)

Causes of price decreases

  • An decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.5% of total transactions in 2014 and 1.2% of total transactions in 2015)

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 119,746 JPY/sq.m. The market value represents an increase of 5,749 JPY (+5.0%) compared to 1 year ago and a transition to a strong market. 47 properties exchanged hands ( The market value represents an increase of 1 (+2.2%) compared to 1 year ago and a transition to a slight market.).

The average price of a sq.m Land of Kakegawa, the lowest market value along this railway was 42,032 JPY/sq.m. The market value represents an increase of 6,062 JPY (+16.9%) compared to 1 year ago and a transition to a bull market. 22 properties exchanged hands ( The market value represents an increase of 4 (+22.2%) compared to 1 year ago and a transition to a dramatic market.).

Tokaido Shinkansen (Stations Land market overview)
Tokaido ShinkansenThis year(2015)1 year ago2 years ago
Atami-53,801 JPY (0.0Y/171.0sq.m)47,500 JPY (0.0Y/140.0sq.m)
Mishima114,770 JPY (0.0Y/231.4sq.m)102,695 JPY (0.0Y/398.6sq.m)95,348 JPY (0.0Y/447.2sq.m)
Shizuoka119,746 JPY (0.0Y/185.4sq.m)113,997 JPY (0.0Y/196.0sq.m)131,518 JPY (0.0Y/235.0sq.m)
Kakegawa42,032 JPY (0.0Y/465.9sq.m)35,970 JPY (0.0Y/296.7sq.m)38,682 JPY (0.0Y/480.6sq.m)
Hamamatsu73,356 JPY (0.0Y/325.8sq.m)63,938 JPY (0.0Y/394.8sq.m)69,539 JPY (0.0Y/371.2sq.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

Kakegawa42,032 JPY/sq.m (+17% compared with the previous year)

The average price of a sq.m Land of Kakegawa was 42,032 JPY/sq.m. The market value represents an increase of 6,062 JPY (+16.9%) compared to 1 year ago and a transition to a bull market. 22 properties exchanged hands ( The market value represents an increase of 4 (+22.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 465.9 sq.m (a +57.0% increase compared to the 296.7 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 36.9 min in 2014 and 42.5 min in 2015; +15.3%)

Shizuoka119,746 JPY/sq.m (+5% compared with the previous year)

The average price of a sq.m Land of Shizuoka was 119,746 JPY/sq.m. The market value represents an increase of 5,749 JPY (+5.0%) compared to 1 year ago and a transition to a strong market. 47 properties exchanged hands ( The market value represents an increase of 1 (+2.2%) compared to 1 year ago and a transition to a slight market.).

The average size of the real estate was 185.4 sq.m (a -5.4% decrease compared to the 196.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 50.6 min in 2014 and 42.9 min in 2015; -15.2%)

Causes of price decreases

  • A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.2% of total transactions in 2014 and 2.1% of total transactions in 2015)

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)