Hankyu Kōbe Main Line Hyogo 2014-4Q
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 Oct, 2014 to Dec, 2014 was 251,439 JPY/sq.m. The market value represents an increase of 13,122 JPY (+5.5%) compared to 1 year ago and a transition to a strong market. 36 properties exchanged hands ( The market value represents a decrease of 25 (-41.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 247.9 sq.m (a -21.5% decrease compared to the 315.8 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.

4 stations have experienced increased prices; 6 stations have experienced decreased prices. Market value of most stations decreased. Shukugawa, Ashiyagawa, Oujikouenn 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 +87.7% compared to last year; a sq.m unit now costs 417,700 JPY/sq.m.

The top 2 stations has seen prices increase +66.4% (+147,722 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -30.3% (-56,036 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 8.2% of total transactions in 2013 and 13.9% 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 417,700 JPY/sq.m. The market value represents an increase of 195,182 JPY (+87.7%) 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 price of a sq.m Land of Mukonosou, the lowest market value along this railway was 92,900 JPY/sq.m. The market value represents a decrease of 83,121 JPY (-47.2%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 10 (-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
Sonoda225,000 JPY (0.0Y/120.0sq.m)226,508 JPY (0.0Y/141.0sq.m)136,845 JPY (0.0Y/314.3sq.m)
Tsukaguchi221,897 JPY (0.0Y/117.0sq.m)223,960 JPY (0.0Y/125.6sq.m)189,092 JPY (0.0Y/446.1sq.m)
Mukonosou92,900 JPY (0.0Y/133.8sq.m)176,021 JPY (0.0Y/320.7sq.m)203,221 JPY (0.0Y/235.5sq.m)
Nishinomiyakitaguchi259,404 JPY (0.0Y/136.2sq.m)297,272 JPY (0.0Y/77.5sq.m)311,929 JPY (0.0Y/256.1sq.m)
Shukugawa280,701 JPY (0.0Y/570.0sq.m)227,777 JPY (0.0Y/731.7sq.m)318,803 JPY (0.0Y/166.2sq.m)
Ashiyagawa417,700 JPY (0.0Y/1106.7sq.m)222,518 JPY (0.0Y/330.0sq.m)132,470 JPY (0.0Y/430.8sq.m)
Okamoto361,308 JPY (0.0Y/238.0sq.m)-479,545 JPY (0.0Y/135.0sq.m)
Mikage278,460 JPY (0.0Y/150.0sq.m)314,316 JPY (0.0Y/247.7sq.m)264,641 JPY (0.0Y/580.0sq.m)
Rokkou186,957 JPY (0.0Y/158.3sq.m)215,909 JPY (0.0Y/67.5sq.m)300,000 JPY (0.0Y/90.0sq.m)
Oujikouenn323,076 JPY (0.0Y/65.0sq.m)222,814 JPY (0.0Y/551.0sq.m)222,470 JPY (0.0Y/120.0sq.m)
Kasuganomichi227,247 JPY (0.0Y/184.0sq.m)225,228 JPY (0.0Y/362.5sq.m)200,278 JPY (0.0Y/920.0sq.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

Ashiyagawa417,700 JPY/sq.m (+88% compared with the previous year)

The average price of a sq.m Land of Ashiyagawa was 417,700 JPY/sq.m. The market value represents an increase of 195,182 JPY (+87.7%) 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 1106.7 sq.m (a +235.4% increase compared to the 330.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 11.0 min in 2013 and 18.3 min in 2014; +66.7%)

Oujikouenn323,076 JPY/sq.m (+45% compared with the previous year)

The average price of a sq.m Land of Oujikouenn was 323,076 JPY/sq.m. The market value represents an increase of 100,262 JPY (+45.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 65.0 sq.m (a -88.2% decrease compared to the 551.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 14.0 min in 2013 and 8.0 min in 2014; -42.9%)

Mukonosou92,900 JPY/sq.m (-47% compared with the previous year)

The average price of a sq.m Land of Mukonosou was 92,900 JPY/sq.m. The market value represents a decrease of 83,121 JPY (-47.2%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 10 (-71.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 133.8 sq.m (a -58.3% decrease compared to the 320.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 15.4 min in 2013 and 24.0 min in 2014; +55.6%)

Rokkou186,957 JPY/sq.m (-13% compared with the previous year)

The average price of a sq.m Land of Rokkou was 186,957 JPY/sq.m. The market value represents a decrease of 28,952 JPY (-13.4%) compared to 1 year ago and a transition to a weak 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 158.3 sq.m (a +134.6% increase compared to the 67.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 16.5 min in 2013 and 11.7 min in 2014; -29.3%)

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)