Hankyu Kōbe Main Line Hyogo 2015-2Q
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, 2015 to Jun, 2015 was 275,221 JPY/sq.m. The market value represents an increase of 40,006 JPY (+17.0%) compared to 1 year ago and a transition to a bull market. 25 properties exchanged hands ( The market value represents an increase of 2 (+8.7%) compared to 1 year ago and a transition to a strong market.).

The average size of the real estate was 225.4 sq.m (a +9.1% increase compared to the 206.5 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.

6 stations have experienced increased prices; 2 stations have experienced decreased prices. The overall trend was the same as last year. Tsukaguchi, Shukugawa, Mikage, Kasuganomichi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Okamoto station, where prices have increased +136.2% compared to last year; a sq.m unit now costs 541,666 JPY/sq.m.

The top 2 stations has seen prices increase +113.7% (+274,483 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -55.4% (-184,285 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.9 min in 2014 and 15.8 min in 2015; +45.4%)
  • A some decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 13.0% of total transactions in 2014 and 12.0% 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

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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 541,666 JPY/sq.m. The market value represents an increase of 312,302 JPY (+136.2%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease 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 Ashiyagawa, the lowest market value along this railway was 37,037 JPY/sq.m. The market value represents a decrease of 324,780 JPY (-89.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease 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(2015)1 year ago2 years ago
Sonoda153,428 JPY (0.0Y/145.0sq.m)-113,353 JPY (0.0Y/226.4sq.m)
Tsukaguchi227,810 JPY (0.0Y/115.8sq.m)180,826 JPY (0.0Y/116.7sq.m)196,886 JPY (0.0Y/647.5sq.m)
Mukonosou164,060 JPY (0.0Y/573.3sq.m)207,851 JPY (0.0Y/124.0sq.m)241,624 JPY (0.0Y/180.0sq.m)
Nishinomiyakitaguchi325,392 JPY (0.0Y/312.5sq.m)-247,633 JPY (0.0Y/850.0sq.m)
Shukugawa461,111 JPY (0.0Y/146.7sq.m)356,000 JPY (0.0Y/250.0sq.m)395,690 JPY (0.0Y/145.0sq.m)
Ashiyagawa37,037 JPY (0.0Y/270.0sq.m)361,817 JPY (0.0Y/715.0sq.m)187,227 JPY (0.0Y/662.0sq.m)
Okamoto541,666 JPY (0.0Y/240.0sq.m)229,364 JPY (0.0Y/220.0sq.m)292,662 JPY (0.0Y/295.0sq.m)
Mikage496,296 JPY (0.0Y/135.0sq.m)259,631 JPY (0.0Y/202.0sq.m)415,384 JPY (0.0Y/65.0sq.m)
Rokkou290,302 JPY (0.0Y/152.5sq.m)285,118 JPY (0.0Y/95.0sq.m)203,529 JPY (0.0Y/227.5sq.m)
Oujikouenn--218,723 JPY (0.0Y/100.0sq.m)
Kasuganomichi220,689 JPY (0.0Y/145.0sq.m)140,481 JPY (0.0Y/153.3sq.m)244,070 JPY (0.0Y/512.5sq.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

Okamoto541,666 JPY/sq.m (+136% compared with the previous year)

The average price of a sq.m Land of Okamoto was 541,666 JPY/sq.m. The market value represents an increase of 312,302 JPY (+136.2%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 240.0 sq.m (a +9.1% increase compared to the 220.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 10.0 min in 2014 and 7.0 min in 2015; -30.0%)

Mikage496,296 JPY/sq.m (+91% compared with the previous year)

The average price of a sq.m Land of Mikage was 496,296 JPY/sq.m. The market value represents an increase of 236,665 JPY (+91.2%) 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 135.0 sq.m (a -33.2% decrease compared to the 202.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 13.0 min in 2014 and 8.0 min in 2015; -38.5%)

Ashiyagawa37,037 JPY/sq.m (-90% compared with the previous year)

The average price of a sq.m Land of Ashiyagawa was 37,037 JPY/sq.m. The market value represents a decrease of 324,780 JPY (-89.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 270.0 sq.m (a -62.2% decrease compared to the 715.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 4.5 min in 2014 and 60.0 min in 2015; +1233.3%)

Mukonosou164,060 JPY/sq.m (-21% compared with the previous year)

The average price of a sq.m Land of Mukonosou was 164,060 JPY/sq.m. The market value represents a decrease of 43,791 JPY (-21.1%) 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 size of the real estate was 573.3 sq.m (a +362.4% increase compared to the 124.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.2 min in 2014 and 21.7 min in 2015; +64.1%)

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)