Hankyu Kōbe Main Line Hyogo 2015-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, 2015 to Dec, 2015 was 265,520 JPY/sq.m. The market value represents an increase of 24,100 JPY (+10.0%) compared to 1 year ago and a transition to a strong market. 119 properties exchanged hands ( The market value represents a decrease of 18 (-13.1%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 243.8 sq.m (a -11.1% decrease compared to the 274.3 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.

6 stations have experienced increased prices; 5 stations have experienced decreased prices. The overall trend was the same as last year. Tsukaguchi, Mukonosou, 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 +29.2% compared to last year; a sq.m unit now costs 266,377 JPY/sq.m.

The top 2 stations has seen prices increase +28.0% (+77,287 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -16.1% (-36,839 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 11.7% of total transactions in 2014 and 11.8% 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

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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 446,253 JPY/sq.m. The market value represents an increase of 94,410 JPY (+26.8%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 4 (-30.8%) 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 132,936 JPY/sq.m. The market value represents a decrease of 26,071 JPY (-16.4%) compared to 1 year ago and a transition to a weak market. 11 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
Sonoda132,936 JPY (0.0Y/290.9sq.m)159,007 JPY (0.0Y/96.4sq.m)147,185 JPY (0.0Y/155.6sq.m)
Tsukaguchi244,282 JPY (0.0Y/293.6sq.m)194,786 JPY (0.0Y/282.6sq.m)225,798 JPY (0.0Y/259.5sq.m)
Mukonosou217,025 JPY (0.0Y/273.5sq.m)176,433 JPY (0.0Y/246.0sq.m)203,438 JPY (0.0Y/260.1sq.m)
Nishinomiyakitaguchi309,370 JPY (0.0Y/159.4sq.m)308,018 JPY (0.0Y/117.0sq.m)295,386 JPY (0.0Y/498.8sq.m)
Shukugawa372,878 JPY (0.0Y/140.8sq.m)360,337 JPY (0.0Y/342.0sq.m)331,712 JPY (0.0Y/259.4sq.m)
Ashiyagawa286,332 JPY (0.0Y/435.0sq.m)304,038 JPY (0.0Y/838.3sq.m)195,223 JPY (0.0Y/510.4sq.m)
Okamoto446,253 JPY (0.0Y/175.0sq.m)351,842 JPY (0.0Y/441.9sq.m)357,522 JPY (0.0Y/379.2sq.m)
Mikage252,072 JPY (0.0Y/213.1sq.m)299,679 JPY (0.0Y/181.2sq.m)296,939 JPY (0.0Y/271.1sq.m)
Rokkou266,377 JPY (0.0Y/217.3sq.m)206,214 JPY (0.0Y/136.4sq.m)236,639 JPY (0.0Y/192.1sq.m)
Oujikouenn239,430 JPY (0.0Y/229.2sq.m)257,207 JPY (0.0Y/143.0sq.m)214,535 JPY (0.0Y/214.0sq.m)
Kasuganomichi203,892 JPY (0.0Y/150.0sq.m)210,676 JPY (0.0Y/310.8sq.m)240,147 JPY (0.0Y/286.5sq.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

Rokkou266,377 JPY/sq.m (+29% compared with the previous year)

The average price of a sq.m Land of Rokkou was 266,377 JPY/sq.m. The market value represents an increase of 60,163 JPY (+29.2%) compared to 1 year ago and a transition to a dramatic market. 13 properties exchanged hands ( The market value represents a decrease of 1 (-7.1%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 217.3 sq.m (a +59.3% increase compared to the 136.4 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.6 min in 2014 and 9.6 min in 2015; -23.5%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.3% of total transactions in 2014 and 30.8% of total transactions in 2015)

Okamoto446,253 JPY/sq.m (+27% compared with the previous year)

The average price of a sq.m Land of Okamoto was 446,253 JPY/sq.m. The market value represents an increase of 94,410 JPY (+26.8%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 4 (-30.8%) 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 -60.4% decrease compared to the 441.9 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 9.2 min in 2014 and 5.4 min in 2015; -41.0%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 23.1% of total transactions in 2014 and 33.3% of total transactions in 2015)

Sonoda132,936 JPY/sq.m (-16% compared with the previous year)

The average price of a sq.m Land of Sonoda was 132,936 JPY/sq.m. The market value represents a decrease of 26,071 JPY (-16.4%) compared to 1 year ago and a transition to a weak market. 11 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 290.9 sq.m (a +201.9% increase compared to the 96.4 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 20.3 min in 2014 and 15.4 min in 2015; -24.2%)

Mikage252,072 JPY/sq.m (-16% compared with the previous year)

The average price of a sq.m Land of Mikage was 252,072 JPY/sq.m. The market value represents a decrease of 47,607 JPY (-15.9%) compared to 1 year ago and a transition to a weak market. 8 properties exchanged hands ( The market value represents a decrease of 8 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 213.1 sq.m (a +17.6% increase compared to the 181.2 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 10.8 min in 2014 and 9.5 min in 2015; -12.1%)

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)