Hankyu Kōbe Main Line Hyogo 2014-FY
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 Dec, 2014 was 241,420 JPY/sq.m. The market value represents an increase of 4,382 JPY (+1.8%) compared to 1 year ago and a transition to a slight market. 137 properties exchanged hands ( The market value represents a decrease of 100 (-42.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 274.3 sq.m (a -3.9% decrease compared to the 285.4 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.

6 stations have experienced increased prices; 5 stations have experienced decreased prices. The overall trend was the same as last year. Ashiyagawa 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 +55.7% compared to last year; a sq.m unit now costs 304,038 JPY/sq.m.

The top 2 stations has seen prices increase +37.8% (+75,744 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -13.5% (-29,009 JPY/sq.m).

Cause of price increases

  • A slight increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 11.4% of total transactions in 2013 and 11.7% 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 Shukugawa, the highest market value along this railway was 360,337 JPY/sq.m. The market value represents an increase of 28,625 JPY (+8.6%) compared to 1 year ago and a transition to a strong market. 5 properties exchanged hands ( The market value represents a decrease of 11 (-68.8%) 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 159,007 JPY/sq.m. The market value represents an increase of 11,822 JPY (+8.0%) compared to 1 year ago and a transition to a strong market. 11 properties exchanged hands ( The market value represents a decrease of 14 (-56.0%) 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
Sonoda159,007 JPY (0.0Y/96.4sq.m)147,185 JPY (0.0Y/155.6sq.m)179,365 JPY (0.0Y/202.9sq.m)
Tsukaguchi194,786 JPY (0.0Y/282.6sq.m)225,798 JPY (0.0Y/259.5sq.m)191,828 JPY (0.0Y/254.1sq.m)
Mukonosou176,433 JPY (0.0Y/246.0sq.m)203,438 JPY (0.0Y/260.1sq.m)199,627 JPY (0.0Y/288.9sq.m)
Nishinomiyakitaguchi308,018 JPY (0.0Y/117.0sq.m)295,386 JPY (0.0Y/498.8sq.m)327,921 JPY (0.0Y/280.5sq.m)
Shukugawa360,337 JPY (0.0Y/342.0sq.m)331,712 JPY (0.0Y/259.4sq.m)309,206 JPY (0.0Y/181.1sq.m)
Ashiyagawa304,038 JPY (0.0Y/838.3sq.m)195,223 JPY (0.0Y/510.4sq.m)119,699 JPY (0.0Y/550.8sq.m)
Okamoto351,842 JPY (0.0Y/441.9sq.m)357,522 JPY (0.0Y/379.2sq.m)383,250 JPY (0.0Y/148.9sq.m)
Mikage299,679 JPY (0.0Y/181.2sq.m)296,939 JPY (0.0Y/271.1sq.m)269,949 JPY (0.0Y/271.1sq.m)
Rokkou206,214 JPY (0.0Y/136.4sq.m)236,639 JPY (0.0Y/192.1sq.m)226,734 JPY (0.0Y/208.9sq.m)
Oujikouenn257,207 JPY (0.0Y/143.0sq.m)214,535 JPY (0.0Y/214.0sq.m)205,029 JPY (0.0Y/121.4sq.m)
Kasuganomichi210,676 JPY (0.0Y/310.8sq.m)240,147 JPY (0.0Y/286.5sq.m)229,224 JPY (0.0Y/286.6sq.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

Ashiyagawa304,038 JPY/sq.m (+56% compared with the previous year)

The average price of a sq.m Land of Ashiyagawa was 304,038 JPY/sq.m. The market value represents an increase of 108,816 JPY (+55.7%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 15 (-62.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 838.3 sq.m (a +64.2% increase compared to the 510.4 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.2 min in 2013 and 24.1 min in 2014; -20.3%)
  • 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 22.2% of total transactions in 2014)

Oujikouenn257,207 JPY/sq.m (+20% compared with the previous year)

The average price of a sq.m Land of Oujikouenn was 257,207 JPY/sq.m. The market value represents an increase of 42,673 JPY (+19.9%) compared to 1 year ago and a transition to a bull market. 5 properties exchanged hands ( The market value represents a decrease of 16 (-76.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 143.0 sq.m (a -33.2% decrease compared to the 214.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 12.2 min in 2013 and 10.8 min in 2014; -11.4%)

Tsukaguchi194,786 JPY/sq.m (-14% compared with the previous year)

The average price of a sq.m Land of Tsukaguchi was 194,786 JPY/sq.m. The market value represents a decrease of 31,012 JPY (-13.7%) compared to 1 year ago and a transition to a weak market. 21 properties exchanged hands ( The market value represents a decrease of 8 (-27.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 282.6 sq.m (a +8.9% increase compared to the 259.5 sq.m of last year.).

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 3.4% of total transactions in 2013 and 9.5% of total transactions in 2014)

Mukonosou176,433 JPY/sq.m (-13% compared with the previous year)

The average price of a sq.m Land of Mukonosou was 176,433 JPY/sq.m. The market value represents a decrease of 27,005 JPY (-13.3%) compared to 1 year ago and a transition to a weak market. 21 properties exchanged hands ( The market value represents a decrease of 17 (-44.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 246.0 sq.m (a -5.5% decrease compared to the 260.1 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.5 min in 2013 and 17.0 min in 2014; +26.0%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 7.9% of total transactions in 2013 and 4.8% of total transactions in 2014)

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)