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 Oct, 2016 to Dec, 2016 was 185,455 JPY/sq.m. The market value represents a decrease of 5,444 JPY (-2.9%) compared to 1 year ago and a transition to a slight market. 28 properties exchanged hands ( The market value represents an increase of 16 (+133.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 128.0 sq.m (a -65.9% decrease compared to the 375.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving very large size more than 200 sq.m.

2 stations have experienced increased prices; 2 stations have experienced decreased prices. The overall trend was the same as last year. Shinnitami, Itami station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Shinnitami station, where prices have increased +83.2% compared to last year; a sq.m unit now costs 210,714 JPY/sq.m.

The top 1 stations has seen prices increase +83.2% (+95,714 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -28.7% (-83,180 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 14.7 min in 2015 and 18.1 min in 2016; +23.2%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 33.3% of total transactions in 2015 and 3.6% 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 Tsukaguchi, the highest market value along this railway was 221,451 JPY/sq.m. The market value represents a decrease of 63,145 JPY (-22.2%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 5 (+125.0%) 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 154,129 JPY/sq.m. The market value represents an increase of 29,560 JPY (+23.7%) compared to 1 year ago and a transition to a dramatic market. 14 properties exchanged hands ( The market value represents an increase of 8 (+133.3%) 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
Tsukaguchi221,451 JPY (0.0Y/149.4sq.m)284,596 JPY (0.0Y/577.5sq.m)221,897 JPY (0.0Y/117.0sq.m)
Inano206,820 JPY (0.0Y/116.7sq.m)290,000 JPY (0.0Y/100.0sq.m)158,823 JPY (0.0Y/170.0sq.m)
Shinnitami210,714 JPY (0.0Y/75.0sq.m)115,000 JPY (0.0Y/200.0sq.m)239,778 JPY (0.0Y/103.3sq.m)
Itami154,129 JPY (0.0Y/124.3sq.m)124,569 JPY (0.0Y/315.0sq.m)133,692 JPY (0.0Y/490.0sq.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

Shinnitami210,714 JPY/sq.m (+83% compared with the previous year)

The average price of a sq.m Land of Shinnitami was 210,714 JPY/sq.m. The market value represents an increase of 95,714 JPY (+83.2%) 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 75.0 sq.m (a -62.5% decrease compared to the 200.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 24.0 min in 2015 and 15.5 min in 2016; -35.4%)

Inano206,820 JPY/sq.m (-29% compared with the previous year)

The average price of a sq.m Land of Inano was 206,820 JPY/sq.m. The market value represents a decrease of 83,180 JPY (-28.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 116.7 sq.m (a +16.7% increase compared to the 100.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.0 min in 2015 and 9.7 min in 2016; +93.3%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 100.0% of total transactions in 2015 and 33.3% of total transactions in 2016)

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)