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, 2017 to Sep, 2017 was 144,945 JPY/sq.m. The market value represents a decrease of 23,074 JPY (-13.7%) compared to 1 year ago and a transition to a weak market. 19 properties exchanged hands ( The market value represents a decrease of 3 (-13.6%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 330.5 sq.m (a +75.0% increase compared to the 188.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

2 stations have experienced increased prices; 2 stations have experienced decreased prices. The overall trend was the same as last year. Tsukaguchi station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Tsukaguchi station, where prices have increased +14.0% compared to last year; a sq.m unit now costs 206,451 JPY/sq.m.

The top 1 stations has seen prices increase +14.0% (+25,411 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -24.5% (-56,181 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 16.7 min in 2016 and 23.4 min in 2017; +39.7%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 13.6% of total transactions in 2016 and 5.3% 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 Tsukaguchi, the highest market value along this railway was 206,451 JPY/sq.m. The market value represents an increase of 25,411 JPY (+14.0%) compared to 1 year ago and a transition to a bull market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) 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 130,854 JPY/sq.m. The market value represents an increase of 6,272 JPY (+5.0%) compared to 1 year ago and a transition to a strong market. 13 properties exchanged hands ( The market value represents an increase of 5 (+62.5%) compared to 1 year ago and a transition to a dramatic market.).

Hankyu Itami Line (Stations Land market overview)
Hankyu Itami LineThis year(2017)1 year ago2 years ago
Tsukaguchi206,451 JPY (0.0Y/1077.5sq.m)181,040 JPY (0.0Y/264.2sq.m)260,459 JPY (0.0Y/118.3sq.m)
Inano172,708 JPY (0.0Y/243.3sq.m)228,889 JPY (0.0Y/125.0sq.m)171,899 JPY (0.0Y/91.7sq.m)
Shinnitami183,333 JPY (0.0Y/120.0sq.m)185,370 JPY (0.0Y/160.0sq.m)200,000 JPY (0.0Y/300.0sq.m)
Itami130,854 JPY (0.0Y/251.9sq.m)124,582 JPY (0.0Y/174.4sq.m)129,503 JPY (0.0Y/277.1sq.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

Tsukaguchi206,451 JPY/sq.m (+14% compared with the previous year)

The average price of a sq.m Land of Tsukaguchi was 206,451 JPY/sq.m. The market value represents an increase of 25,411 JPY (+14.0%) compared to 1 year ago and a transition to a bull market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1077.5 sq.m (a +307.9% increase compared to the 264.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 11.3 min in 2016 and 9.0 min in 2017; -20.6%)

Inano172,708 JPY/sq.m (-25% compared with the previous year)

The average price of a sq.m Land of Inano was 172,708 JPY/sq.m. The market value represents a decrease of 56,181 JPY (-24.5%) 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 243.3 sq.m (a +94.7% increase compared to the 125.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 4.3 min in 2016 and 12.0 min in 2017; +176.9%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 66.7% of total transactions in 2016 and 33.3% of total transactions in 2017)

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)