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, 2016 to Dec, 2016 was 251,204 JPY/sq.m. The market value represents a decrease of 11,221 JPY (-4.3%) compared to 1 year ago and a transition to a some market. 47 properties exchanged hands ( The market value represents an increase of 17 (+56.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 268.8 sq.m (a +5.4% increase compared to the 255.2 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. Shukugawa, Mikage station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Shukugawa station, where prices have increased +46.1% compared to last year; a sq.m unit now costs 398,064 JPY/sq.m.

The top 2 stations has seen prices increase +43.7% (+107,561 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -37.7% (-112,013 JPY/sq.m).

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 16.7% of total transactions in 2015 and 12.8% 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 398,064 JPY/sq.m. The market value represents an increase of 125,641 JPY (+46.1%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) 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 164,864 JPY/sq.m. The market value represents a decrease of 47,636 JPY (-22.4%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 5 (+500.0%) 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(2016)1 year ago2 years ago
Sonoda164,864 JPY (0.0Y/199.2sq.m)212,500 JPY (0.0Y/160.0sq.m)225,000 JPY (0.0Y/120.0sq.m)
Tsukaguchi221,451 JPY (0.0Y/149.4sq.m)284,596 JPY (0.0Y/577.5sq.m)221,897 JPY (0.0Y/117.0sq.m)
Mukonosou269,414 JPY (0.0Y/593.3sq.m)233,881 JPY (0.0Y/295.6sq.m)92,900 JPY (0.0Y/133.8sq.m)
Nishinomiyakitaguchi313,043 JPY (0.0Y/115.0sq.m)292,625 JPY (0.0Y/111.2sq.m)259,404 JPY (0.0Y/136.2sq.m)
Shukugawa398,064 JPY (0.0Y/200.0sq.m)272,424 JPY (0.0Y/92.5sq.m)280,701 JPY (0.0Y/570.0sq.m)
Ashiyagawa207,610 JPY (0.0Y/231.7sq.m)320,000 JPY (0.0Y/100.0sq.m)417,700 JPY (0.0Y/1106.7sq.m)
Okamoto392,857 JPY (0.0Y/840.0sq.m)351,852 JPY (0.0Y/325.0sq.m)361,308 JPY (0.0Y/238.0sq.m)
Mikage306,148 JPY (0.0Y/188.3sq.m)216,666 JPY (0.0Y/122.5sq.m)278,460 JPY (0.0Y/150.0sq.m)
Rokkou237,581 JPY (0.0Y/372.0sq.m)240,301 JPY (0.0Y/226.0sq.m)186,957 JPY (0.0Y/158.3sq.m)
Oujikouenn165,287 JPY (0.0Y/136.2sq.m)276,923 JPY (0.0Y/65.0sq.m)323,076 JPY (0.0Y/65.0sq.m)
Kasuganomichi202,857 JPY (0.0Y/350.0sq.m)-227,247 JPY (0.0Y/184.0sq.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.

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Noteworthy stations

Shukugawa398,064 JPY/sq.m (+46% compared with the previous year)

The average price of a sq.m Land of Shukugawa was 398,064 JPY/sq.m. The market value represents an increase of 125,641 JPY (+46.1%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 200.0 sq.m (a +116.2% increase compared to the 92.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 16.0 min in 2015 and 10.8 min in 2016; -32.5%)

Mikage306,148 JPY/sq.m (+41% compared with the previous year)

The average price of a sq.m Land of Mikage was 306,148 JPY/sq.m. The market value represents an increase of 89,481 JPY (+41.3%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 4 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 188.3 sq.m (a +53.7% increase compared to the 122.5 sq.m of last year.).

Oujikouenn165,287 JPY/sq.m (-40% compared with the previous year)

The average price of a sq.m Land of Oujikouenn was 165,287 JPY/sq.m. The market value represents a decrease of 111,636 JPY (-40.3%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 136.2 sq.m (a +109.6% increase compared to the 65.0 sq.m of last year.).

Ashiyagawa207,610 JPY/sq.m (-35% compared with the previous year)

The average price of a sq.m Land of Ashiyagawa was 207,610 JPY/sq.m. The market value represents a decrease of 112,390 JPY (-35.1%) compared to 1 year ago and a transition to a dramatic 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 size of the real estate was 231.7 sq.m (a +131.7% increase compared to the 100.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.0 min in 2015 and 13.0 min in 2016; +160.0%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 100.0% 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)