Hankyu Kōbe Main Line Hyogo 2016-1Q
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, 2016 to Mar, 2016 was 256,337 JPY/sq.m. The market value represents a decrease of 11,735 JPY (-4.4%) compared to 1 year ago and a transition to a some market. 27 properties exchanged hands ( The market value represents a decrease of 3 (-10.0%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 280.6 sq.m (a +2.1% increase compared to the 274.7 sq.m of last year.).

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

4 stations have experienced increased prices; 6 stations have experienced decreased prices. Market value of most stations decreased. Sonoda, Shukugawa, Mikage station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Mikage station, where prices have increased +79.6% compared to last year; a sq.m unit now costs 278,601 JPY/sq.m.

The top 2 stations has seen prices increase +64.0% (+84,387 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -26.3% (-115,356 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 10.0% of total transactions in 2015 and 18.5% of total transactions in 2016)

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 Shukugawa, the highest market value along this railway was 434,782 JPY/sq.m. The market value represents an increase of 125,692 JPY (+40.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Tsukaguchi, the lowest market value along this railway was 115,384 JPY/sq.m. The market value represents a decrease of 17,949 JPY (-13.5%) compared to 1 year ago and a transition to a weak 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(2016)1 year ago2 years ago
Sonoda138,889 JPY (0.0Y/253.3sq.m)93,564 JPY (0.0Y/635.0sq.m)150,510 JPY (0.0Y/92.5sq.m)
Tsukaguchi115,384 JPY (0.0Y/130.0sq.m)133,333 JPY (0.0Y/750.0sq.m)205,648 JPY (0.0Y/267.5sq.m)
Mukonosou227,279 JPY (0.0Y/306.7sq.m)193,960 JPY (0.0Y/233.6sq.m)232,536 JPY (0.0Y/335.0sq.m)
Nishinomiyakitaguchi313,811 JPY (0.0Y/111.7sq.m)330,712 JPY (0.0Y/111.0sq.m)393,333 JPY (0.0Y/90.0sq.m)
Shukugawa434,782 JPY (0.0Y/230.0sq.m)309,090 JPY (0.0Y/220.0sq.m)366,666 JPY (0.0Y/300.0sq.m)
Ashiyagawa281,000 JPY (0.0Y/935.0sq.m)364,929 JPY (0.0Y/291.7sq.m)189,745 JPY (0.0Y/698.8sq.m)
Okamoto350,000 JPY (0.0Y/140.0sq.m)496,783 JPY (0.0Y/120.0sq.m)357,068 JPY (0.0Y/795.0sq.m)
Mikage278,601 JPY (0.0Y/132.5sq.m)155,152 JPY (0.0Y/97.5sq.m)357,599 JPY (0.0Y/255.0sq.m)
Rokkou329,919 JPY (0.0Y/215.0sq.m)389,242 JPY (0.0Y/380.0sq.m)200,172 JPY (0.0Y/199.0sq.m)
Oujikouenn188,333 JPY (0.0Y/80.0sq.m)223,376 JPY (0.0Y/415.0sq.m)242,857 JPY (0.0Y/85.0sq.m)
Kasuganomichi-187,096 JPY (0.0Y/155.0sq.m)253,252 JPY (0.0Y/587.5sq.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

Mikage278,601 JPY/sq.m (+80% compared with the previous year)

The average price of a sq.m Land of Mikage was 278,601 JPY/sq.m. The market value represents an increase of 123,450 JPY (+79.6%) 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 132.5 sq.m (a +35.9% increase compared to the 97.5 sq.m of last year.).

Sonoda138,889 JPY/sq.m (+48% compared with the previous year)

The average price of a sq.m Land of Sonoda was 138,889 JPY/sq.m. The market value represents an increase of 45,325 JPY (+48.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 253.3 sq.m (a -60.1% decrease compared to the 635.0 sq.m of last year.).

Okamoto350,000 JPY/sq.m (-30% compared with the previous year)

The average price of a sq.m Land of Okamoto was 350,000 JPY/sq.m. The market value represents a decrease of 146,783 JPY (-29.5%) 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 140.0 sq.m (a +16.7% increase compared to the 120.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.0 min in 2015 and 8.0 min in 2016; +33.3%)

Ashiyagawa281,000 JPY/sq.m (-23% compared with the previous year)

The average price of a sq.m Land of Ashiyagawa was 281,000 JPY/sq.m. The market value represents a decrease of 83,929 JPY (-23.0%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 935.0 sq.m (a +220.6% increase compared to the 291.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 22.3 min in 2015 and 40.7 min in 2016; +82.1%)
  • A slight decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 33.3% of total transactions in 2015 and 33.3% of total transactions in 2016)

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)