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 Jul, 2016 to Sep, 2016 was 168,019 JPY/sq.m. The market value represents a decrease of 3,667 JPY (-2.1%) compared to 1 year ago and a transition to a slight market. 22 properties exchanged hands ( The market value represents an increase of 8 (+57.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 188.9 sq.m (a -7.9% decrease compared to the 205.0 sq.m of last year.).

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

1 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Inano station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Inano station, where prices have increased +33.2% compared to last year; a sq.m unit now costs 228,889 JPY/sq.m.

The top 1 stations has seen prices increase +33.2% (+56,989 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -30.5% (-79,418 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 19.8 min in 2015 and 16.7 min in 2016; -15.5%)

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 Inano, the highest market value along this railway was 228,889 JPY/sq.m. The market value represents an increase of 56,989 JPY (+33.2%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Itami, the lowest market value along this railway was 124,582 JPY/sq.m. The market value represents a decrease of 4,921 JPY (-3.8%) compared to 1 year ago and a transition to a some market. 8 properties exchanged hands ( The market value represents an increase of 1 (+14.3%) compared to 1 year ago and a transition to a bull market.).

Hankyu Itami Line (Stations Land market overview)
Hankyu Itami LineThis year(2016)1 year ago2 years ago
Tsukaguchi181,040 JPY (0.0Y/264.2sq.m)260,459 JPY (0.0Y/118.3sq.m)168,311 JPY (0.0Y/485.0sq.m)
Inano228,889 JPY (0.0Y/125.0sq.m)171,899 JPY (0.0Y/91.7sq.m)200,377 JPY (0.0Y/197.5sq.m)
Shinnitami185,370 JPY (0.0Y/160.0sq.m)200,000 JPY (0.0Y/300.0sq.m)156,810 JPY (0.0Y/305.0sq.m)
Itami124,582 JPY (0.0Y/174.4sq.m)129,503 JPY (0.0Y/277.1sq.m)162,766 JPY (0.0Y/433.8sq.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

Inano228,889 JPY/sq.m (+33% compared with the previous year)

The average price of a sq.m Land of Inano was 228,889 JPY/sq.m. The market value represents an increase of 56,989 JPY (+33.2%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 125.0 sq.m (a +36.4% increase compared to the 91.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 14.0 min in 2015 and 4.3 min in 2016; -69.0%)

Tsukaguchi181,040 JPY/sq.m (-30% compared with the previous year)

The average price of a sq.m Land of Tsukaguchi was 181,040 JPY/sq.m. The market value represents a decrease of 79,418 JPY (-30.5%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 3 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 264.2 sq.m (a +123.2% increase compared to the 118.3 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)