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, 2016 to Mar, 2016 was 189,380 JPY/sq.m. The market value represents an increase of 47,495 JPY (+33.5%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 7 (-43.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 397.2 sq.m (a +70.8% increase compared to the 232.5 sq.m of last year.).

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

2 stations have experienced increased prices; 2 stations have experienced decreased prices. The overall trend was the same as last year. Tsukaguchi, Itami station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Itami station, where prices have decreased -17.8% compared to last year; a sq.m unit now costs 106,565 JPY/sq.m.

The top 1 stations has seen prices increase +138.1% (+136,021 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -17.8% (-23,023 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 19.8 min in 2015 and 15.1 min in 2016; -23.7%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 6.2% of total transactions in 2015 and 11.1% of total transactions in 2016)

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 Shinnitami, the highest market value along this railway was 410,862 JPY/sq.m. The market value represents an increase of 206,566 JPY (+101.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-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 106,565 JPY/sq.m. The market value represents a decrease of 23,023 JPY (-17.8%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents a decrease of 6 (-54.5%) compared to 1 year ago and a transition to a dramatic market.).

Hankyu Itami Line (Stations Land market overview)
Hankyu Itami LineThis year(2016)1 year ago2 years ago
Tsukaguchi115,384 JPY (0.0Y/130.0sq.m)133,333 JPY (0.0Y/750.0sq.m)205,648 JPY (0.0Y/267.5sq.m)
Inano234,482 JPY (0.0Y/145.0sq.m)98,461 JPY (0.0Y/65.0sq.m)216,666 JPY (0.0Y/240.0sq.m)
Shinnitami410,862 JPY (0.0Y/790.0sq.m)204,296 JPY (0.0Y/195.0sq.m)-
Itami106,565 JPY (0.0Y/344.0sq.m)129,588 JPY (0.0Y/210.9sq.m)129,775 JPY (0.0Y/150.5sq.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

Inano234,482 JPY/sq.m (+138% compared with the previous year)

The average price of a sq.m Land of Inano was 234,482 JPY/sq.m. The market value represents an increase of 136,021 JPY (+138.1%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 145.0 sq.m (a +123.1% increase compared to the 65.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 16.0 min in 2015 and 3.0 min in 2016; -81.2%)

Itami106,565 JPY/sq.m (-18% compared with the previous year)

The average price of a sq.m Land of Itami was 106,565 JPY/sq.m. The market value represents a decrease of 23,023 JPY (-17.8%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents a decrease of 6 (-54.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 344.0 sq.m (a +63.1% increase compared to the 210.9 sq.m of last year.).


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)