Hankyu Kōbe Main Line Hyogo 2014-1Q
Land market report

Hankyu Kōbe Main Line railway market report

Hankyu Kōbe Main Line Land market overview

The average price of a sq.m Land of Hankyu Kōbe Main Line (Sonoda to Kasuganomichi), in Jan, 2014 to Mar, 2014 was 246,756 JPY/sq.m. The market value represents an increase of 12,547 JPY (+5.4%) compared to 1 year ago and a transition to a strong market. 47 properties exchanged hands ( The market value represents a decrease of 15 (-24.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 334.7 sq.m (a +24.9% increase compared to the 268.1 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.

7 stations have experienced increased prices; 4 stations have experienced decreased prices. The overall trend was toward increased prices. Mikage, Oujikouenn station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Mikage station, where prices have increased +42.6% compared to last year; a sq.m unit now costs 357,599 JPY/sq.m.

The top 2 stations has seen prices increase +36.2% (+81,293 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -13.0% (-29,697 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.3 min in 2013 and 16.0 min in 2014; +20.7%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 17.7% of total transactions in 2013 and 10.6% of total transactions in 2014)

Breakdown of each segment

The table below shows Land dealt in Hankyu Kōbe Main 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 Nishinomiyakitaguchi, the highest market value along this railway was 393,333 JPY/sq.m. The market value represents an increase of 2,029 JPY (+0.5%) compared to 1 year ago and a transition to a slight market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Sonoda, the lowest market value along this railway was 150,510 JPY/sq.m. The market value represents an increase of 5,230 JPY (+3.6%) compared to 1 year ago and a transition to a some market. 8 properties exchanged hands ( The market value represents an increase of 2 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

Hankyu Kōbe Main Line (Stations Land market overview)
Hankyu Kōbe Main LineThis year(2014)1 year ago2 years ago
Sonoda150,510 JPY (0.0Y/92.5sq.m)145,280 JPY (0.0Y/185.8sq.m)203,112 JPY (0.0Y/200.7sq.m)
Tsukaguchi205,648 JPY (0.0Y/267.5sq.m)226,193 JPY (0.0Y/325.6sq.m)190,632 JPY (0.0Y/151.1sq.m)
Mukonosou232,536 JPY (0.0Y/335.0sq.m)208,585 JPY (0.0Y/285.7sq.m)216,101 JPY (0.0Y/121.0sq.m)
Nishinomiyakitaguchi393,333 JPY (0.0Y/90.0sq.m)391,304 JPY (0.0Y/115.0sq.m)254,750 JPY (0.0Y/150.0sq.m)
Shukugawa366,666 JPY (0.0Y/300.0sq.m)333,365 JPY (0.0Y/135.0sq.m)335,726 JPY (0.0Y/177.5sq.m)
Ashiyagawa189,745 JPY (0.0Y/698.8sq.m)228,594 JPY (0.0Y/510.6sq.m)175,234 JPY (0.0Y/1030.0sq.m)
Okamoto357,068 JPY (0.0Y/795.0sq.m)304,005 JPY (0.0Y/220.0sq.m)409,506 JPY (0.0Y/159.0sq.m)
Mikage357,599 JPY (0.0Y/255.0sq.m)250,710 JPY (0.0Y/521.0sq.m)269,396 JPY (0.0Y/239.0sq.m)
Rokkou200,172 JPY (0.0Y/199.0sq.m)211,716 JPY (0.0Y/186.4sq.m)271,428 JPY (0.0Y/157.5sq.m)
Oujikouenn242,857 JPY (0.0Y/85.0sq.m)187,160 JPY (0.0Y/105.8sq.m)233,218 JPY (0.0Y/128.0sq.m)
Kasuganomichi253,252 JPY (0.0Y/587.5sq.m)254,140 JPY (0.0Y/110.0sq.m)296,010 JPY (0.0Y/275.0sq.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.

Top

Noteworthy stations

Mikage357,599 JPY/sq.m (+43% compared with the previous year)

The average price of a sq.m Land of Mikage was 357,599 JPY/sq.m. The market value represents an increase of 106,889 JPY (+42.6%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 255.0 sq.m (a -51.1% decrease compared to the 521.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 9.8 min in 2013 and 11.0 min in 2014; +12.2%)

Oujikouenn242,857 JPY/sq.m (+30% compared with the previous year)

The average price of a sq.m Land of Oujikouenn was 242,857 JPY/sq.m. The market value represents an increase of 55,698 JPY (+29.8%) compared to 1 year ago and a transition to a dramatic 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 85.0 sq.m (a -19.7% decrease compared to the 105.8 sq.m of last year.).

Ashiyagawa189,745 JPY/sq.m (-17% compared with the previous year)

The average price of a sq.m Land of Ashiyagawa was 189,745 JPY/sq.m. The market value represents a decrease of 38,849 JPY (-17.0%) compared to 1 year ago and a transition to a weak market. 4 properties exchanged hands ( The market value represents a decrease of 4 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 698.8 sq.m (a +36.8% increase compared to the 510.6 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 28.8 min in 2013 and 38.2 min in 2014; +33.0%)

Tsukaguchi205,648 JPY/sq.m (-9% compared with the previous year)

The average price of a sq.m Land of Tsukaguchi was 205,648 JPY/sq.m. The market value represents a decrease of 20,545 JPY (-9.1%) compared to 1 year ago and a transition to a bear market. 6 properties exchanged hands ( The market value represents a decrease of 2 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 267.5 sq.m (a -17.9% decrease compared to the 325.6 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 13.5 min in 2013 and 10.7 min in 2014; -21.0%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 12.5% of total transactions in 2013 and 33.3% of total transactions in 2014)

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)