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, 2015 to Sep, 2015 was 258,865 JPY/sq.m. The market value represents an increase of 32,202 JPY (+14.2%) compared to 1 year ago and a transition to a bull market. 34 properties exchanged hands ( The market value represents an increase of 3 (+9.7%) compared to 1 year ago and a transition to a strong market.).

The average size of the real estate was 220.0 sq.m (a -16.6% decrease compared to the 263.9 sq.m of last year.).

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

4 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Tsukaguchi, Mukonosou, Nishinomiyakitaguchi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Mukonosou station, where prices have increased +57.2% compared to last year; a sq.m unit now costs 254,125 JPY/sq.m.

The top 2 stations has seen prices increase +56.0% (+92,311 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -20.7% (-50,716 JPY/sq.m).

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 9.7% of total transactions in 2014 and 8.8% 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 426,852 JPY/sq.m. The market value represents a decrease of 101,719 JPY (-19.2%) compared to 1 year ago and a transition to a weak market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) 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 127,205 JPY/sq.m. The market value represents a decrease of 32,795 JPY (-20.5%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) 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
Sonoda127,205 JPY (0.0Y/175.0sq.m)160,000 JPY (0.0Y/100.0sq.m)125,991 JPY (0.0Y/69.3sq.m)
Tsukaguchi260,459 JPY (0.0Y/118.3sq.m)168,311 JPY (0.0Y/485.0sq.m)236,718 JPY (0.0Y/147.2sq.m)
Mukonosou254,125 JPY (0.0Y/114.0sq.m)161,651 JPY (0.0Y/333.6sq.m)181,353 JPY (0.0Y/247.0sq.m)
Nishinomiyakitaguchi288,604 JPY (0.0Y/124.0sq.m)234,615 JPY (0.0Y/132.5sq.m)318,216 JPY (0.0Y/366.2sq.m)
Shukugawa-399,159 JPY (0.0Y/295.0sq.m)301,904 JPY (0.0Y/215.0sq.m)
Ashiyagawa281,292 JPY (0.0Y/667.5sq.m)-164,196 JPY (0.0Y/466.1sq.m)
Okamoto426,852 JPY (0.0Y/108.3sq.m)528,571 JPY (0.0Y/140.0sq.m)515,359 JPY (0.0Y/163.3sq.m)
Mikage258,882 JPY (0.0Y/376.7sq.m)327,519 JPY (0.0Y/131.2sq.m)277,522 JPY (0.0Y/202.0sq.m)
Rokkou225,578 JPY (0.0Y/157.5sq.m)188,758 JPY (0.0Y/62.5sq.m)294,701 JPY (0.0Y/216.7sq.m)
Oujikouenn237,634 JPY (0.0Y/160.0sq.m)238,624 JPY (0.0Y/240.0sq.m)248,473 JPY (0.0Y/135.0sq.m)
Kasuganomichi--250,000 JPY (0.0Y/60.0sq.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

Mukonosou254,125 JPY/sq.m (+57% compared with the previous year)

The average price of a sq.m Land of Mukonosou was 254,125 JPY/sq.m. The market value represents an increase of 92,475 JPY (+57.2%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 2 (-28.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 114.0 sq.m (a -65.8% decrease compared to the 333.6 sq.m of last year.).

Tsukaguchi260,459 JPY/sq.m (+55% compared with the previous year)

The average price of a sq.m Land of Tsukaguchi was 260,459 JPY/sq.m. The market value represents an increase of 92,147 JPY (+54.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 4 (-57.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 118.3 sq.m (a -75.6% decrease compared to the 485.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 11.9 min in 2014 and 10.3 min in 2015; -12.9%)

Mikage258,882 JPY/sq.m (-21% compared with the previous year)

The average price of a sq.m Land of Mikage was 258,882 JPY/sq.m. The market value represents a decrease of 68,637 JPY (-21.0%) 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 376.7 sq.m (a +187.0% increase compared to the 131.2 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.2 min in 2014 and 10.3 min in 2015; +25.3%)

Sonoda127,205 JPY/sq.m (-20% compared with the previous year)

The average price of a sq.m Land of Sonoda was 127,205 JPY/sq.m. The market value represents a decrease of 32,795 JPY (-20.5%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 175.0 sq.m (a +75.0% increase compared to the 100.0 sq.m of last year.).


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)