Hankyu Kōbe Main Line Hyogo 2014-2Q
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 Apr, 2014 to Jun, 2014 was 235,214 JPY/sq.m. The market value represents an increase of 4,792 JPY (+2.1%) compared to 1 year ago and a transition to a slight market. 23 properties exchanged hands ( The market value represents a decrease of 32 (-58.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 206.5 sq.m (a -38.1% decrease compared to the 333.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving size for a general family households less than 100 sq.m.

2 stations have experienced increased prices; 6 stations have experienced decreased prices. Market value of most stations decreased. Ashiyagawa, Rokkou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Ashiyagawa station, where prices have increased +93.3% compared to last year; a sq.m unit now costs 361,817 JPY/sq.m.

The top 2 stations has seen prices increase +66.7% (+128,090 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -40.0% (-129,671 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 13.5 min in 2013 and 10.9 min in 2014; -19.4%)

Causes of price decreases

  • An decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.5% of total transactions in 2013 and 13.0% 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

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Land stations market overview

The average price of a sq.m Land of Ashiyagawa, the highest market value along this railway was 361,817 JPY/sq.m. The market value represents an increase of 174,590 JPY (+93.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Kasuganomichi, the lowest market value along this railway was 140,481 JPY/sq.m. The market value represents a decrease of 103,589 JPY (-42.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) 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
Sonoda-113,353 JPY (0.0Y/226.4sq.m)186,614 JPY (0.0Y/164.2sq.m)
Tsukaguchi180,826 JPY (0.0Y/116.7sq.m)196,886 JPY (0.0Y/647.5sq.m)191,103 JPY (0.0Y/186.7sq.m)
Mukonosou207,851 JPY (0.0Y/124.0sq.m)241,624 JPY (0.0Y/180.0sq.m)212,334 JPY (0.0Y/365.8sq.m)
Nishinomiyakitaguchi-247,633 JPY (0.0Y/850.0sq.m)389,333 JPY (0.0Y/137.5sq.m)
Shukugawa356,000 JPY (0.0Y/250.0sq.m)395,690 JPY (0.0Y/145.0sq.m)334,090 JPY (0.0Y/85.0sq.m)
Ashiyagawa361,817 JPY (0.0Y/715.0sq.m)187,227 JPY (0.0Y/662.0sq.m)91,587 JPY (0.0Y/471.2sq.m)
Okamoto229,364 JPY (0.0Y/220.0sq.m)292,662 JPY (0.0Y/295.0sq.m)-
Mikage259,631 JPY (0.0Y/202.0sq.m)415,384 JPY (0.0Y/65.0sq.m)283,581 JPY (0.0Y/227.5sq.m)
Rokkou285,118 JPY (0.0Y/95.0sq.m)203,529 JPY (0.0Y/227.5sq.m)221,520 JPY (0.0Y/321.2sq.m)
Oujikouenn-218,723 JPY (0.0Y/100.0sq.m)155,819 JPY (0.0Y/131.7sq.m)
Kasuganomichi140,481 JPY (0.0Y/153.3sq.m)244,070 JPY (0.0Y/512.5sq.m)259,195 JPY (0.0Y/221.0sq.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

Ashiyagawa361,817 JPY/sq.m (+93% compared with the previous year)

The average price of a sq.m Land of Ashiyagawa was 361,817 JPY/sq.m. The market value represents an increase of 174,590 JPY (+93.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 715.0 sq.m (a +8.0% increase compared to the 662.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 37.2 min in 2013 and 4.5 min in 2014; -87.9%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 40.0% of total transactions in 2013 and 50.0% of total transactions in 2014)

Rokkou285,118 JPY/sq.m (+40% compared with the previous year)

The average price of a sq.m Land of Rokkou was 285,118 JPY/sq.m. The market value represents an increase of 81,590 JPY (+40.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 95.0 sq.m (a -58.2% decrease compared to the 227.5 sq.m of last year.).

Kasuganomichi140,481 JPY/sq.m (-42% compared with the previous year)

The average price of a sq.m Land of Kasuganomichi was 140,481 JPY/sq.m. The market value represents a decrease of 103,589 JPY (-42.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 153.3 sq.m (a -70.1% decrease compared to the 512.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 3.0 min in 2013 and 8.7 min in 2014; +188.9%)

Mikage259,631 JPY/sq.m (-37% compared with the previous year)

The average price of a sq.m Land of Mikage was 259,631 JPY/sq.m. The market value represents a decrease of 155,753 JPY (-37.5%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 202.0 sq.m (a +210.8% increase compared to the 65.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.0 min in 2013 and 13.0 min in 2014; +116.7%)

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)