Hankyu Kōbe Main Line Hyogo 2016-2Q
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, 2016 to Jun, 2016 was 257,190 JPY/sq.m. The market value represents a decrease of 18,031 JPY (-6.6%) compared to 1 year ago and a transition to a bear market. 57 properties exchanged hands ( The market value represents an increase of 32 (+128.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 147.9 sq.m (a -34.4% decrease compared to the 225.4 sq.m of last year.).

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

5 stations have experienced increased prices; 5 stations have experienced decreased prices. The overall trend was the same as last year. Mukonosou, Ashiyagawa 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 +40.7% compared to last year; a sq.m unit now costs 230,762 JPY/sq.m.

The top 2 stations has seen prices increase +36.6% (+39,393 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -32.4% (-145,392 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 15.8 min in 2015 and 14.1 min in 2016; -10.7%)
  • An increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 12.0% of total transactions in 2015 and 14.0% 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 Mikage, the highest market value along this railway was 455,555 JPY/sq.m. The market value represents a decrease of 40,741 JPY (-8.2%) compared to 1 year ago and a transition to a bear market. 1 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Ashiyagawa, the lowest market value along this railway was 49,122 JPY/sq.m. The market value represents an increase of 12,085 JPY (+32.6%) compared to 1 year ago and a transition to a dramatic 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
Sonoda183,362 JPY (0.0Y/198.8sq.m)153,428 JPY (0.0Y/145.0sq.m)-
Tsukaguchi183,956 JPY (0.0Y/117.0sq.m)227,810 JPY (0.0Y/115.8sq.m)180,826 JPY (0.0Y/116.7sq.m)
Mukonosou230,762 JPY (0.0Y/166.3sq.m)164,060 JPY (0.0Y/573.3sq.m)207,851 JPY (0.0Y/124.0sq.m)
Nishinomiyakitaguchi326,200 JPY (0.0Y/137.0sq.m)325,392 JPY (0.0Y/312.5sq.m)-
Shukugawa423,131 JPY (0.0Y/118.3sq.m)461,111 JPY (0.0Y/146.7sq.m)356,000 JPY (0.0Y/250.0sq.m)
Ashiyagawa49,122 JPY (0.0Y/570.0sq.m)37,037 JPY (0.0Y/270.0sq.m)361,817 JPY (0.0Y/715.0sq.m)
Okamoto294,736 JPY (0.0Y/95.0sq.m)541,666 JPY (0.0Y/240.0sq.m)229,364 JPY (0.0Y/220.0sq.m)
Mikage455,555 JPY (0.0Y/90.0sq.m)496,296 JPY (0.0Y/135.0sq.m)259,631 JPY (0.0Y/202.0sq.m)
Rokkou308,441 JPY (0.0Y/122.7sq.m)290,302 JPY (0.0Y/152.5sq.m)285,118 JPY (0.0Y/95.0sq.m)
Oujikouenn270,769 JPY (0.0Y/103.8sq.m)--
Kasuganomichi212,000 JPY (0.0Y/66.7sq.m)220,689 JPY (0.0Y/145.0sq.m)140,481 JPY (0.0Y/153.3sq.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

Mukonosou230,762 JPY/sq.m (+41% compared with the previous year)

The average price of a sq.m Land of Mukonosou was 230,762 JPY/sq.m. The market value represents an increase of 66,702 JPY (+40.7%) compared to 1 year ago and a transition to a dramatic market. 15 properties exchanged hands ( The market value represents an increase of 12 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 166.3 sq.m (a -71.0% decrease compared to the 573.3 sq.m of last year.).

Ashiyagawa49,122 JPY/sq.m (+33% compared with the previous year)

The average price of a sq.m Land of Ashiyagawa was 49,122 JPY/sq.m. The market value represents an increase of 12,085 JPY (+32.6%) 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 size of the real estate was 570.0 sq.m (a +111.1% increase compared to the 270.0 sq.m of last year.).

Okamoto294,736 JPY/sq.m (-46% compared with the previous year)

The average price of a sq.m Land of Okamoto was 294,736 JPY/sq.m. The market value represents a decrease of 246,930 JPY (-45.6%) 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 size of the real estate was 95.0 sq.m (a -60.4% decrease compared to the 240.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.0 min in 2015 and 9.0 min in 2016; +28.6%)

Tsukaguchi183,956 JPY/sq.m (-19% compared with the previous year)

The average price of a sq.m Land of Tsukaguchi was 183,956 JPY/sq.m. The market value represents a decrease of 43,854 JPY (-19.3%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents a decrease of 1 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 117.0 sq.m (a +1.0% increase compared to the 115.8 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)