Shinnkaichi Land average value

Price 56,840,625 JPY
  (204,189 JPY/sq.m)
- Dist. from Sta. 5.5 min walk
- Property area 213.1 sq.m

The average price of a sq.m Land of Hyogo Kobe Rapid Transit Railway Namboku Line Shinnkaichi, in 2017 was 193,182 JPY/sq.m. The market value represents a decrease of 312,312 JPY (-61.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 47.5 sq.m (a -94.8% decrease compared to the 910.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving locations less than ten minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 9.0 min in 2016 and 5.5 min in 2017; -38.9%)
Data regarding the market value and its changes of Land in Shinnkaichi were calculated using data on the sales of 32 properties provided by the MLIT Japan.

Shinnkaichi Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
大開通150,000,000 JPY1,126,972 JPY/sq.mShinnkaichi5 min
福原町140,000,000 JPY661,157 JPY/sq.mShinnkaichi5 min
永沢町3,300,000 JPY218,182 JPY/sq.mShinnkaichi5 min
新開地42,000,000 JPY730,750 JPY/sq.mShinnkaichi5 min

Kobe Rapid Transit Railway Namboku Line Railway market report

2018 2017 2016 2015 2014. Jan - Sep
 3 tradings
-3Q
1
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Land value Distance From The Station transition

Market values (unit price: sq.m, m2) in terms of Distance From The Station, is as follow.

The orange line means market values (unit price: sq.m) for Land in terms of Distance From The Station. The orange line changes on the basis of distance from the train station and area of the property (* For example , if the distance from the station is far, the lower the unit price.).

The dots means trading data. When you mouseover or touch the dot, details of the trading data is displayed. You can color (classify) the dots on the basis of the property area, distance from the stations, or the property price, etc.

(* You can scroll and zoom with pinch in the mobile environment.)
(* When you double-click, the value of Distance From The Station is updated.)
Color:
Unit:   Touch:
Property Details:
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Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
{{infoObj.days_elapsed|days_year}} years old , Area: {{infoObj.dimension}} sq.m , Total floor area: {{infoObj.dimension_all}} sq.m , Layout: {{infoObj.floor_plan}} , Structure: {{infoObj.structure}}
- Trading date: {{infoObj.trade_date|date:'MMMM, yyyy'}}

When you change the slider, the unit price will change.
Age of a building Property area Total floor area Distance from the station




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Calculate Shinnkaichi Land market value

We can calculate market values for Land based on their age, area, and distance from a train station.

Age
years old
Area
sq.m
Total floor space
sq.m
Distance from the station
min walk

Market values for Hyogo Kobe Rapid Transit Railway Namboku Line Shinnkaichi Land that meet the above conditions were calculated in the following manner.

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({{unit_price|number:0}} JPY/sq.m)

The assumed transaction price, not including agency commissions, taxes, etc.

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Trading Data

Past Land sales data, with similarly entered ages, area, and distances from station are as follows.

Related sales({{similarlist.length}})

1. Hyogo Kobe-Shi Hyogo-Ku 福原町Kobe-Shi Shinnkaichi 6.0 min walk)
, Area: 110 sq.m
- Trading date: 2010-06-01T00:00:00Z
Trading price:   12,000,000 JPY,    Unit price:   109,090 JPY/sq.m
2. Hyogo Kobe-Shi Hyogo-Ku 永沢町Kobe-Shi Shinnkaichi 4.0 min walk)
, Area: 135 sq.m
- Trading date: 2011-12-01T00:00:00Z
Trading price:   30,000,000 JPY,    Unit price:   222,222 JPY/sq.m
3. Hyogo Kobe-Shi Hyogo-Ku 水木通Kobe-Shi Shinnkaichi 4.0 min walk)
, Area: 110 sq.m
- Trading date: 2012-06-01T00:00:00Z
Trading price:   26,000,000 JPY,    Unit price:   236,363 JPY/sq.m
4. Hyogo Kobe-Shi Hyogo-Ku 塚本通Kobe-Shi Shinnkaichi 6.0 min walk)
, Area: 135 sq.m
- Trading date: 2013-09-01T00:00:00Z
Trading price:   33,000,000 JPY,    Unit price:   244,444 JPY/sq.m
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{{item.days_elapsed|days_year}} years old , Area: {{item.dimension}} sq.m , Total floor area: {{item.dimension_all}} sq.m , Layout: {{item.floor_plan}} , Structure: {{item.structure}}
- Trading date: {{item.trade_date|date:'MMMM, yyyy'}}
Trading price:   {{item.price|number:0}} JPY,    Unit price:   {{item.unit_price|number:0}} JPY/sq.m
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Land market value trends

Market value trends for Land are as follows.

Data:
Unit:   Touch:

Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving locations less than ten minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 9.0 min in 2016 and 5.5 min in 2017; -38.9%)
The table below shows Land dealt in Hyogo Kobe Rapid Transit Railway Namboku Line Shinnkaichi, 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:

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    Area close to the price in Shinnkaichi

    The closest areas in terms of Land price ranges to this area are ones like the following that are along a railway line and have a station.

    Area / Station Median
    Price
    JPY
    Unit price
    JPY/sq.m
    Age
    Years old
    Distance
    min walk
    Area
    Other Kobe Rapid Transit Railway Namboku Line (32) [Stations]24,000,000200,000 yrs5 min112 sq.m
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