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, 2017 to Mar, 2017 was 157,640 JPY/sq.m. The market value represents a decrease of 31,740 JPY (-16.8%) compared to 1 year ago and a transition to a weak market. 10 properties exchanged hands ( The market value represents an increase of 1 (+11.1%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 151.0 sq.m (a -62.0% decrease compared to the 397.2 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.

2 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was the same as last year. Tsukaguchi, Itami 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 +47.7% compared to last year; a sq.m unit now costs 170,476 JPY/sq.m.

The top 1 stations has seen prices increase +47.7% (+55,092 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -9.7% (-22,794 JPY/sq.m).

Causes of price decreases

  • An increase in average distance from the station (representing 15.1 min in 2016 and 16.7 min in 2017; +10.5%)
  • A some decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 11.1% of total transactions in 2016 and 10.0% of total transactions in 2017)

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 211,688 JPY/sq.m. The market value represents a decrease of 22,794 JPY (-9.7%) compared to 1 year ago and a transition to a bear 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 price of a sq.m Land of Itami, the lowest market value along this railway was 128,319 JPY/sq.m. The market value represents an increase of 21,754 JPY (+20.4%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands (It was the same as last year.).

Hankyu Itami Line (Stations Land market overview)
Hankyu Itami LineThis year(2017)1 year ago2 years ago
Tsukaguchi170,476 JPY (0.0Y/86.7sq.m)115,384 JPY (0.0Y/130.0sq.m)133,333 JPY (0.0Y/750.0sq.m)
Inano211,688 JPY (0.0Y/135.0sq.m)234,482 JPY (0.0Y/145.0sq.m)98,461 JPY (0.0Y/65.0sq.m)
Shinnitami-410,862 JPY (0.0Y/790.0sq.m)204,296 JPY (0.0Y/195.0sq.m)
Itami128,319 JPY (0.0Y/196.0sq.m)106,565 JPY (0.0Y/344.0sq.m)129,588 JPY (0.0Y/210.9sq.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

Tsukaguchi170,476 JPY/sq.m (+48% compared with the previous year)

The average price of a sq.m Land of Tsukaguchi was 170,476 JPY/sq.m. The market value represents an increase of 55,092 JPY (+47.7%) 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 86.7 sq.m (a -33.3% decrease compared to the 130.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 20.0 min in 2016 and 13.0 min in 2017; -35.0%)

Inano211,688 JPY/sq.m (-10% compared with the previous year)

The average price of a sq.m Land of Inano was 211,688 JPY/sq.m. The market value represents a decrease of 22,794 JPY (-9.7%) compared to 1 year ago and a transition to a bear 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 135.0 sq.m (a -6.9% decrease compared to the 145.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 3.0 min in 2016 and 8.0 min in 2017; +166.7%)

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)