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, 2015 to Dec, 2015 was 262,425 JPY/sq.m. The market value represents an increase of 10,986 JPY (+4.4%) compared to 1 year ago and a transition to a some market. 30 properties exchanged hands ( The market value represents a decrease of 6 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 255.2 sq.m (a +2.9% increase compared to the 247.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

4 stations have experienced increased prices; 6 stations have experienced decreased prices. Market value of most stations decreased. Tsukaguchi, Rokkou 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 +151.8% compared to last year; a sq.m unit now costs 233,881 JPY/sq.m.

The top 2 stations has seen prices increase +90.1% (+97,162 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -22.8% (-79,747 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 12.9 min in 2014 and 11.5 min in 2015; -10.8%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 13.9% of total transactions in 2014 and 16.7% 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 351,852 JPY/sq.m. The market value represents a decrease of 9,456 JPY (-2.6%) compared to 1 year ago and a transition to a slight 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 price of a sq.m Land of Sonoda, the lowest market value along this railway was 212,500 JPY/sq.m. The market value represents a decrease of 12,500 JPY (-5.6%) compared to 1 year ago and a transition to a bear market. 1 properties exchanged hands (It was the same as last year.).

Hankyu Kōbe Main Line (Stations Land market overview)
Hankyu Kōbe Main LineThis year(2015)1 year ago2 years ago
Sonoda212,500 JPY (0.0Y/160.0sq.m)225,000 JPY (0.0Y/120.0sq.m)226,508 JPY (0.0Y/141.0sq.m)
Tsukaguchi284,596 JPY (0.0Y/577.5sq.m)221,897 JPY (0.0Y/117.0sq.m)223,960 JPY (0.0Y/125.6sq.m)
Mukonosou233,881 JPY (0.0Y/295.6sq.m)92,900 JPY (0.0Y/133.8sq.m)176,021 JPY (0.0Y/320.7sq.m)
Nishinomiyakitaguchi292,625 JPY (0.0Y/111.2sq.m)259,404 JPY (0.0Y/136.2sq.m)297,272 JPY (0.0Y/77.5sq.m)
Shukugawa272,424 JPY (0.0Y/92.5sq.m)280,701 JPY (0.0Y/570.0sq.m)227,777 JPY (0.0Y/731.7sq.m)
Ashiyagawa320,000 JPY (0.0Y/100.0sq.m)417,700 JPY (0.0Y/1106.7sq.m)222,518 JPY (0.0Y/330.0sq.m)
Okamoto351,852 JPY (0.0Y/325.0sq.m)361,308 JPY (0.0Y/238.0sq.m)-
Mikage216,666 JPY (0.0Y/122.5sq.m)278,460 JPY (0.0Y/150.0sq.m)314,316 JPY (0.0Y/247.7sq.m)
Rokkou240,301 JPY (0.0Y/226.0sq.m)186,957 JPY (0.0Y/158.3sq.m)215,909 JPY (0.0Y/67.5sq.m)
Oujikouenn276,923 JPY (0.0Y/65.0sq.m)323,076 JPY (0.0Y/65.0sq.m)222,814 JPY (0.0Y/551.0sq.m)
Kasuganomichi-227,247 JPY (0.0Y/184.0sq.m)225,228 JPY (0.0Y/362.5sq.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

Mukonosou233,881 JPY/sq.m (+152% compared with the previous year)

The average price of a sq.m Land of Mukonosou was 233,881 JPY/sq.m. The market value represents an increase of 140,981 JPY (+151.8%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 4 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 295.6 sq.m (a +121.0% increase compared to the 133.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 24.0 min in 2014 and 16.0 min in 2015; -33.3%)

Rokkou240,301 JPY/sq.m (+29% compared with the previous year)

The average price of a sq.m Land of Rokkou was 240,301 JPY/sq.m. The market value represents an increase of 53,344 JPY (+28.5%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 2 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 226.0 sq.m (a +42.7% increase compared to the 158.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 11.7 min in 2014 and 7.2 min in 2015; -38.3%)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 33.3% of total transactions in 2014 and 20.0% of total transactions in 2015)

Ashiyagawa320,000 JPY/sq.m (-23% compared with the previous year)

The average price of a sq.m Land of Ashiyagawa was 320,000 JPY/sq.m. The market value represents a decrease of 97,700 JPY (-23.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 100.0 sq.m (a -91.0% decrease compared to the 1106.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 18.3 min in 2014 and 5.0 min in 2015; -72.7%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 33.3% of total transactions in 2014 and 100.0% of total transactions in 2015)

Mikage216,666 JPY/sq.m (-22% compared with the previous year)

The average price of a sq.m Land of Mikage was 216,666 JPY/sq.m. The market value represents a decrease of 61,794 JPY (-22.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 122.5 sq.m (a -18.3% decrease compared to the 150.0 sq.m of last year.).


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)