Hankyu Kōbe Main Line Hyogo 2015-1Q
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, 2015 to Mar, 2015 was 268,072 JPY/sq.m. The market value represents an increase of 21,316 JPY (+8.6%) compared to 1 year ago and a transition to a strong market. 30 properties exchanged hands ( The market value represents a decrease of 17 (-36.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 274.7 sq.m (a -17.9% decrease compared to the 334.7 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.

3 stations have experienced increased prices; 8 stations have experienced decreased prices. Market value of most stations decreased. Ashiyagawa, Okamoto, Rokkou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Rokkou station, where prices have increased +94.5% compared to last year; a sq.m unit now costs 389,242 JPY/sq.m.

The top 2 stations has seen prices increase +93.4% (+182,127 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -47.2% (-129,697 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 16.0 min in 2014 and 14.0 min in 2015; -12.3%)

Causes of price decreases

  • A some decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 10.6% of total transactions in 2014 and 10.0% of total transactions in 2015)

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 Okamoto, the highest market value along this railway was 496,783 JPY/sq.m. The market value represents an increase of 139,716 JPY (+39.1%) 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 price of a sq.m Land of Sonoda, the lowest market value along this railway was 93,564 JPY/sq.m. The market value represents a decrease of 56,946 JPY (-37.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 5 (-62.5%) 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(2015)1 year ago2 years ago
Sonoda93,564 JPY (0.0Y/635.0sq.m)150,510 JPY (0.0Y/92.5sq.m)145,280 JPY (0.0Y/185.8sq.m)
Tsukaguchi133,333 JPY (0.0Y/750.0sq.m)205,648 JPY (0.0Y/267.5sq.m)226,193 JPY (0.0Y/325.6sq.m)
Mukonosou193,960 JPY (0.0Y/233.6sq.m)232,536 JPY (0.0Y/335.0sq.m)208,585 JPY (0.0Y/285.7sq.m)
Nishinomiyakitaguchi330,712 JPY (0.0Y/111.0sq.m)393,333 JPY (0.0Y/90.0sq.m)391,304 JPY (0.0Y/115.0sq.m)
Shukugawa309,090 JPY (0.0Y/220.0sq.m)366,666 JPY (0.0Y/300.0sq.m)333,365 JPY (0.0Y/135.0sq.m)
Ashiyagawa364,929 JPY (0.0Y/291.7sq.m)189,745 JPY (0.0Y/698.8sq.m)228,594 JPY (0.0Y/510.6sq.m)
Okamoto496,783 JPY (0.0Y/120.0sq.m)357,068 JPY (0.0Y/795.0sq.m)304,005 JPY (0.0Y/220.0sq.m)
Mikage155,152 JPY (0.0Y/97.5sq.m)357,599 JPY (0.0Y/255.0sq.m)250,710 JPY (0.0Y/521.0sq.m)
Rokkou389,242 JPY (0.0Y/380.0sq.m)200,172 JPY (0.0Y/199.0sq.m)211,716 JPY (0.0Y/186.4sq.m)
Oujikouenn223,376 JPY (0.0Y/415.0sq.m)242,857 JPY (0.0Y/85.0sq.m)187,160 JPY (0.0Y/105.8sq.m)
Kasuganomichi187,096 JPY (0.0Y/155.0sq.m)253,252 JPY (0.0Y/587.5sq.m)254,140 JPY (0.0Y/110.0sq.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

Rokkou389,242 JPY/sq.m (+94% compared with the previous year)

The average price of a sq.m Land of Rokkou was 389,242 JPY/sq.m. The market value represents an increase of 189,070 JPY (+94.5%) 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 380.0 sq.m (a +91.0% increase compared to the 199.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 14.0 min in 2014 and 5.0 min in 2015; -64.3%)

Ashiyagawa364,929 JPY/sq.m (+92% compared with the previous year)

The average price of a sq.m Land of Ashiyagawa was 364,929 JPY/sq.m. The market value represents an increase of 175,184 JPY (+92.3%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 291.7 sq.m (a -58.3% decrease compared to the 698.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 38.2 min in 2014 and 22.3 min in 2015; -41.6%)

Mikage155,152 JPY/sq.m (-57% compared with the previous year)

The average price of a sq.m Land of Mikage was 155,152 JPY/sq.m. The market value represents a decrease of 202,448 JPY (-56.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 97.5 sq.m (a -61.8% decrease compared to the 255.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 11.0 min in 2014 and 8.5 min in 2015; -22.7%)

Sonoda93,564 JPY/sq.m (-38% compared with the previous year)

The average price of a sq.m Land of Sonoda was 93,564 JPY/sq.m. The market value represents a decrease of 56,946 JPY (-37.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 5 (-62.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 635.0 sq.m (a +586.5% increase compared to the 92.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 22.9 min in 2014 and 17.3 min in 2015; -24.2%)

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)