Hankyu Itami Line railway market report

Hankyu Itami Line Land market overview

The average price of a sq.m Land of Hankyu Itami Line (Tsukaguchi to Itami), in Jan, 2015 to Dec, 2015 was 170,153 JPY/sq.m. The market value represents a decrease of 1,377 JPY (-0.8%) compared to 1 year ago and a transition to a slight market. 52 properties exchanged hands ( The market value represents a decrease of 14 (-21.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 256.1 sq.m (a -2.9% decrease compared to the 263.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving size for a general family households less than 100 sq.m.

1 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Tsukaguchi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Tsukaguchi station, where prices have increased +25.4% compared to last year; a sq.m unit now costs 244,282 JPY/sq.m.

The top 1 stations has seen prices increase +25.4% (+49,496 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -11.6% (-16,785 JPY/sq.m).

Cause of price increases

  • A slight increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 7.6% of total transactions in 2014 and 7.7% of total transactions in 2015)

Causes of price decreases

  • An increase in average distance from the station (representing 16.8 min in 2014 and 18.5 min in 2015; +10.0%)
  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 3.0% of total transactions in 2014 and 1.9% of total transactions in 2015)

Breakdown of each segment

The table below shows Land dealt in Hankyu Itami 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 Tsukaguchi, the highest market value along this railway was 244,282 JPY/sq.m. The market value represents an increase of 49,496 JPY (+25.4%) compared to 1 year ago and a transition to a dramatic market. 14 properties exchanged hands ( The market value represents a decrease of 7 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Itami, the lowest market value along this railway was 128,428 JPY/sq.m. The market value represents a decrease of 16,785 JPY (-11.6%) compared to 1 year ago and a transition to a weak market. 28 properties exchanged hands ( The market value represents a decrease of 4 (-12.5%) compared to 1 year ago and a transition to a weak market.).

Hankyu Itami Line (Stations Land market overview)
Hankyu Itami LineThis year(2015)1 year ago2 years ago
Tsukaguchi244,282 JPY (0.0Y/293.6sq.m)194,786 JPY (0.0Y/282.6sq.m)225,798 JPY (0.0Y/259.5sq.m)
Inano180,832 JPY (0.0Y/88.0sq.m)200,795 JPY (0.0Y/186.4sq.m)204,182 JPY (0.0Y/215.0sq.m)
Shinnitami185,578 JPY (0.0Y/217.0sq.m)200,229 JPY (0.0Y/169.2sq.m)197,219 JPY (0.0Y/138.8sq.m)
Itami128,428 JPY (0.0Y/274.3sq.m)145,212 JPY (0.0Y/285.9sq.m)149,379 JPY (0.0Y/286.8sq.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

Tsukaguchi244,282 JPY/sq.m (+25% compared with the previous year)

The average price of a sq.m Land of Tsukaguchi was 244,282 JPY/sq.m. The market value represents an increase of 49,496 JPY (+25.4%) compared to 1 year ago and a transition to a dramatic market. 14 properties exchanged hands ( The market value represents a decrease of 7 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 293.6 sq.m (a +3.9% increase compared to the 282.6 sq.m of last year.).

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 9.5% of total transactions in 2014 and 14.3% of total transactions in 2015)

Causes of price decreases

  • An increase in average distance from the station (representing 12.2 min in 2014 and 13.4 min in 2015; +10.2%)

Itami128,428 JPY/sq.m (-12% compared with the previous year)

The average price of a sq.m Land of Itami was 128,428 JPY/sq.m. The market value represents a decrease of 16,785 JPY (-11.6%) compared to 1 year ago and a transition to a weak market. 28 properties exchanged hands ( The market value represents a decrease of 4 (-12.5%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 274.3 sq.m (a -4.1% decrease compared to the 285.9 sq.m of last year.).

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 6.2% of total transactions in 2014 and 3.6% 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)