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 Dec, 2017 was 164,955 JPY/sq.m. The market value represents a decrease of 9,658 JPY (-5.5%) compared to 1 year ago and a transition to a bear market. 54 properties exchanged hands ( The market value represents a decrease of 36 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 304.0 sq.m (a +25.9% increase compared to the 241.5 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.

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 10% compared to last year. The most dramatic price increase was at Itami station, where prices have increased +16.4% compared to last year; a sq.m unit now costs 164,228 JPY/sq.m.

The top 1 stations has seen prices increase +16.4% (+23,178 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -26.1% (-58,575 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 17.3 min in 2016 and 21.3 min in 2017; +23.0%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 10.0% of total transactions in 2016 and 3.7% 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

Top

Land stations market overview

The average price of a sq.m Land of Inano, the highest market value along this railway was 184,694 JPY/sq.m. The market value represents a decrease of 25,945 JPY (-12.3%) compared to 1 year ago and a transition to a weak market. 6 properties exchanged hands ( The market value represents a decrease of 6 (-50.0%) 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 146,303 JPY/sq.m. The market value represents a decrease of 49,624 JPY (-25.3%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 15 (-71.4%) 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
Tsukaguchi146,303 JPY (0.0Y/439.2sq.m)195,927 JPY (0.0Y/173.6sq.m)244,282 JPY (0.0Y/293.6sq.m)
Inano184,694 JPY (0.0Y/251.7sq.m)210,639 JPY (0.0Y/146.7sq.m)180,832 JPY (0.0Y/88.0sq.m)
Shinnitami165,785 JPY (0.0Y/113.3sq.m)224,360 JPY (0.0Y/267.9sq.m)185,578 JPY (0.0Y/217.0sq.m)
Itami164,228 JPY (0.0Y/305.9sq.m)141,050 JPY (0.0Y/291.4sq.m)128,428 JPY (0.0Y/274.3sq.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.

Top

Noteworthy stations

Itami164,228 JPY/sq.m (+16% compared with the previous year)

The average price of a sq.m Land of Itami was 164,228 JPY/sq.m. The market value represents an increase of 23,178 JPY (+16.4%) compared to 1 year ago and a transition to a bull market. 39 properties exchanged hands ( The market value represents a decrease of 6 (-13.3%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 305.9 sq.m (a +5.0% increase compared to the 291.4 sq.m of last year.).

Cause of price increases

  • An increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.2% of total transactions in 2016 and 2.6% of total transactions in 2017)

Shinnitami165,785 JPY/sq.m (-26% compared with the previous year)

The average price of a sq.m Land of Shinnitami was 165,785 JPY/sq.m. The market value represents a decrease of 58,575 JPY (-26.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 9 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 113.3 sq.m (a -57.7% decrease compared to the 267.9 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 12.4 min in 2016 and 14.7 min in 2017; +18.1%)

Breakdown of each segment

Station:   Segment:

Top

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)