Hankyu Itami Line railway market report

Hankyu Itami Line Land market overview

The average price of a sq.m Land of Hankyu Itami Line (N/A to N/A), in Jan, 2016 to Dec, 2016 was 174,614 JPY/sq.m. The market value represents an increase of 4,461 JPY (+2.6%) compared to 1 year ago and a transition to a slight market. 90 properties exchanged hands ( The market value represents an increase of 38 (+73.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 241.5 sq.m (a -5.7% decrease compared to the 256.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

3 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was toward increased prices. N/A station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at N/A station, where prices have increased +20.9% compared to last year; a sq.m unit now costs 224,360 JPY/sq.m.

The top 1 stations has seen prices increase +20.9% (+38,783 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -19.8% (-48,355 JPY/sq.m).

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 7.7% of total transactions in 2015 and 10.0% 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 N/A, the highest market value along this railway was 224,360 JPY/sq.m. The market value represents an increase of 38,783 JPY (+20.9%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents an increase of 7 (+140.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of N/A, the lowest market value along this railway was 141,050 JPY/sq.m. The market value represents an increase of 12,622 JPY (+9.8%) compared to 1 year ago and a transition to a strong market. 45 properties exchanged hands ( The market value represents an increase of 17 (+60.7%) 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
N/A195,927 JPY (0.0Y/173.6sq.m)244,282 JPY (0.0Y/293.6sq.m)194,786 JPY (0.0Y/282.6sq.m)
N/A210,639 JPY (0.0Y/146.7sq.m)180,832 JPY (0.0Y/88.0sq.m)200,795 JPY (0.0Y/186.4sq.m)
N/A224,360 JPY (0.0Y/267.9sq.m)185,578 JPY (0.0Y/217.0sq.m)200,229 JPY (0.0Y/169.2sq.m)
N/A141,050 JPY (0.0Y/291.4sq.m)128,428 JPY (0.0Y/274.3sq.m)145,212 JPY (0.0Y/285.9sq.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

N/A224,360 JPY/sq.m (+21% compared with the previous year)

The average price of a sq.m Land of N/A was 224,360 JPY/sq.m. The market value represents an increase of 38,783 JPY (+20.9%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents an increase of 7 (+140.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 267.9 sq.m (a +23.5% increase compared to the 217.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 10.4 min in 2015 and 12.4 min in 2016; +19.4%)
  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 20.0% of total transactions in 2015 and 8.3% of total transactions in 2016)

N/A195,927 JPY/sq.m (-20% compared with the previous year)

The average price of a sq.m Land of N/A was 195,927 JPY/sq.m. The market value represents a decrease of 48,355 JPY (-19.8%) compared to 1 year ago and a transition to a weak market. 21 properties exchanged hands ( The market value represents an increase of 7 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 173.6 sq.m (a -40.9% decrease compared to the 293.6 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)