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, 2017 to Dec, 2017 was 194,734 JPY/sq.m. The market value represents an increase of 9,279 JPY (+5.0%) compared to 1 year ago and a transition to a strong market. 20 properties exchanged hands ( The market value represents a decrease of 8 (-28.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 285.5 sq.m (a +123.0% increase compared to the 128.0 sq.m of last year.).

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

1 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Itami station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Itami station, where prices have increased +38.9% compared to last year; a sq.m unit now costs 214,145 JPY/sq.m.

The top 1 stations has seen prices increase +38.9% (+60,016 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -93.8% (-207,815 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 3.6% of total transactions in 2016 and 5.0% of total transactions in 2017)

Causes of price decreases

  • An increase in average distance from the station (representing 18.1 min in 2016 and 20.2 min in 2017; +11.8%)

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 Itami, the highest market value along this railway was 214,145 JPY/sq.m. The market value represents an increase of 60,016 JPY (+38.9%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents an increase of 3 (+21.4%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Tsukaguchi, the lowest market value along this railway was 13,636 JPY/sq.m. The market value represents a decrease of 207,815 JPY (-93.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 8 (-88.9%) 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
Tsukaguchi13,636 JPY (0.0Y/220.0sq.m)221,451 JPY (0.0Y/149.4sq.m)284,596 JPY (0.0Y/577.5sq.m)
Inano166,666 JPY (0.0Y/510.0sq.m)206,820 JPY (0.0Y/116.7sq.m)290,000 JPY (0.0Y/100.0sq.m)
Shinnitami93,333 JPY (0.0Y/75.0sq.m)210,714 JPY (0.0Y/75.0sq.m)115,000 JPY (0.0Y/200.0sq.m)
Itami214,145 JPY (0.0Y/288.5sq.m)154,129 JPY (0.0Y/124.3sq.m)124,569 JPY (0.0Y/315.0sq.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

Itami214,145 JPY/sq.m (+39% compared with the previous year)

The average price of a sq.m Land of Itami was 214,145 JPY/sq.m. The market value represents an increase of 60,016 JPY (+38.9%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents an increase of 3 (+21.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 288.5 sq.m (a +132.2% increase compared to the 124.3 sq.m of last year.).

Tsukaguchi13,636 JPY/sq.m (-94% compared with the previous year)

The average price of a sq.m Land of Tsukaguchi was 13,636 JPY/sq.m. The market value represents a decrease of 207,815 JPY (-93.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 8 (-88.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 220.0 sq.m (a +47.2% increase compared to the 149.4 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)