Hankyu Kōbe Main Line Hyogo 2014-3Q
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 Jul, 2014 to Sep, 2014 was 226,663 JPY/sq.m. The market value represents a decrease of 18,067 JPY (-7.4%) compared to 1 year ago and a transition to a bear market. 31 properties exchanged hands ( The market value represents a decrease of 28 (-47.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 263.9 sq.m (a +16.1% increase compared to the 227.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

4 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Sonoda, Shukugawa station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Shukugawa station, where prices have increased +32.2% compared to last year; a sq.m unit now costs 399,159 JPY/sq.m.

The top 2 stations has seen prices increase +29.6% (+65,632 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -32.4% (-87,175 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 15.6 min in 2013 and 12.3 min in 2014; -21.2%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 5.1% of total transactions in 2013 and 9.7% 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 Okamoto, the highest market value along this railway was 528,571 JPY/sq.m. The market value represents an increase of 13,212 JPY (+2.6%) compared to 1 year ago and a transition to a slight market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) 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 160,000 JPY/sq.m. The market value represents an increase of 34,009 JPY (+27.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 5 (-71.4%) 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
Sonoda160,000 JPY (0.0Y/100.0sq.m)125,991 JPY (0.0Y/69.3sq.m)194,174 JPY (0.0Y/103.3sq.m)
Tsukaguchi168,311 JPY (0.0Y/485.0sq.m)236,718 JPY (0.0Y/147.2sq.m)196,523 JPY (0.0Y/179.4sq.m)
Mukonosou161,651 JPY (0.0Y/333.6sq.m)181,353 JPY (0.0Y/247.0sq.m)128,996 JPY (0.0Y/532.0sq.m)
Nishinomiyakitaguchi234,615 JPY (0.0Y/132.5sq.m)318,216 JPY (0.0Y/366.2sq.m)348,852 JPY (0.0Y/376.2sq.m)
Shukugawa399,159 JPY (0.0Y/295.0sq.m)301,904 JPY (0.0Y/215.0sq.m)219,414 JPY (0.0Y/340.0sq.m)
Ashiyagawa-164,196 JPY (0.0Y/466.1sq.m)44,444 JPY (0.0Y/630.0sq.m)
Okamoto528,571 JPY (0.0Y/140.0sq.m)515,359 JPY (0.0Y/163.3sq.m)221,314 JPY (0.0Y/137.5sq.m)
Mikage327,519 JPY (0.0Y/131.2sq.m)277,522 JPY (0.0Y/202.0sq.m)263,976 JPY (0.0Y/172.5sq.m)
Rokkou188,758 JPY (0.0Y/62.5sq.m)294,701 JPY (0.0Y/216.7sq.m)155,833 JPY (0.0Y/95.0sq.m)
Oujikouenn238,624 JPY (0.0Y/240.0sq.m)248,473 JPY (0.0Y/135.0sq.m)173,492 JPY (0.0Y/92.5sq.m)
Kasuganomichi-250,000 JPY (0.0Y/60.0sq.m)122,751 JPY (0.0Y/66.2sq.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

Shukugawa399,159 JPY/sq.m (+32% compared with the previous year)

The average price of a sq.m Land of Shukugawa was 399,159 JPY/sq.m. The market value represents an increase of 97,255 JPY (+32.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 295.0 sq.m (a +37.2% increase compared to the 215.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 11.5 min in 2013 and 9.0 min in 2014; -21.7%)

Sonoda160,000 JPY/sq.m (+27% compared with the previous year)

The average price of a sq.m Land of Sonoda was 160,000 JPY/sq.m. The market value represents an increase of 34,009 JPY (+27.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 5 (-71.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 100.0 sq.m (a +44.3% increase compared to the 69.3 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 17.1 min in 2013 and 15.0 min in 2014; -12.5%)

Rokkou188,758 JPY/sq.m (-36% compared with the previous year)

The average price of a sq.m Land of Rokkou was 188,758 JPY/sq.m. The market value represents a decrease of 105,943 JPY (-35.9%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 2 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 62.5 sq.m (a -71.2% decrease compared to the 216.7 sq.m of last year.).

Tsukaguchi168,311 JPY/sq.m (-29% compared with the previous year)

The average price of a sq.m Land of Tsukaguchi was 168,311 JPY/sq.m. The market value represents a decrease of 68,406 JPY (-28.9%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 2 (-22.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 485.0 sq.m (a +229.4% increase compared to the 147.2 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)