Hankyu Kōbe Main Line Hyogo 2016-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, 2016 to Sep, 2016 was 254,521 JPY/sq.m. The market value represents a decrease of 10,999 JPY (-4.1%) compared to 1 year ago and a transition to a some market. 119 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 198.1 sq.m (a -18.7% decrease compared to the 243.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

8 stations have experienced increased prices; 3 stations have experienced decreased prices. The overall trend was toward increased prices. Sonoda, Mikage station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Sonoda station, where prices have increased +35.5% compared to last year; a sq.m unit now costs 180,086 JPY/sq.m.

The top 2 stations has seen prices increase +34.8% (+66,596 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -31.4% (-112,143 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 11.8% of total transactions in 2015 and 15.1% of total transactions in 2016)

Causes of price decreases

  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 3.4% of total transactions in 2015 and 0.8% 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 393,562 JPY/sq.m. The market value represents an increase of 20,684 JPY (+5.5%) compared to 1 year ago and a transition to a strong 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 price of a sq.m Land of Tsukaguchi, the lowest market value along this railway was 176,784 JPY/sq.m. The market value represents a decrease of 67,499 JPY (-27.6%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents a decrease of 2 (-14.3%) compared to 1 year ago and a transition to a weak market.).

Hankyu Kōbe Main Line (Stations Land market overview)
Hankyu Kōbe Main LineThis year(2016)1 year ago2 years ago
Sonoda180,086 JPY (0.0Y/174.0sq.m)132,936 JPY (0.0Y/290.9sq.m)159,007 JPY (0.0Y/96.4sq.m)
Tsukaguchi176,784 JPY (0.0Y/191.7sq.m)244,282 JPY (0.0Y/293.6sq.m)194,786 JPY (0.0Y/282.6sq.m)
Mukonosou231,597 JPY (0.0Y/211.6sq.m)217,025 JPY (0.0Y/273.5sq.m)176,433 JPY (0.0Y/246.0sq.m)
Nishinomiyakitaguchi312,322 JPY (0.0Y/127.8sq.m)309,370 JPY (0.0Y/159.4sq.m)308,018 JPY (0.0Y/117.0sq.m)
Shukugawa393,562 JPY (0.0Y/161.0sq.m)372,878 JPY (0.0Y/140.8sq.m)360,337 JPY (0.0Y/342.0sq.m)
Ashiyagawa238,163 JPY (0.0Y/626.4sq.m)286,332 JPY (0.0Y/435.0sq.m)304,038 JPY (0.0Y/838.3sq.m)
Okamoto289,466 JPY (0.0Y/186.7sq.m)446,253 JPY (0.0Y/175.0sq.m)351,842 JPY (0.0Y/441.9sq.m)
Mikage338,114 JPY (0.0Y/167.8sq.m)252,072 JPY (0.0Y/213.1sq.m)299,679 JPY (0.0Y/181.2sq.m)
Rokkou296,990 JPY (0.0Y/157.6sq.m)266,377 JPY (0.0Y/217.3sq.m)206,214 JPY (0.0Y/136.4sq.m)
Oujikouenn243,290 JPY (0.0Y/95.8sq.m)239,430 JPY (0.0Y/229.2sq.m)257,207 JPY (0.0Y/143.0sq.m)
Kasuganomichi212,000 JPY (0.0Y/66.7sq.m)203,892 JPY (0.0Y/150.0sq.m)210,676 JPY (0.0Y/310.8sq.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

Sonoda180,086 JPY/sq.m (+35% compared with the previous year)

The average price of a sq.m Land of Sonoda was 180,086 JPY/sq.m. The market value represents an increase of 47,150 JPY (+35.5%) compared to 1 year ago and a transition to a dramatic market. 15 properties exchanged hands ( The market value represents an increase of 4 (+36.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 174.0 sq.m (a -40.2% decrease compared to the 290.9 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 15.4 min in 2015 and 12.0 min in 2016; -21.9%)

Mikage338,114 JPY/sq.m (+34% compared with the previous year)

The average price of a sq.m Land of Mikage was 338,114 JPY/sq.m. The market value represents an increase of 86,042 JPY (+34.1%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 1 (+12.5%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 167.8 sq.m (a -21.3% decrease compared to the 213.1 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 9.5 min in 2015 and 7.4 min in 2016; -21.6%)

Okamoto289,466 JPY/sq.m (-35% compared with the previous year)

The average price of a sq.m Land of Okamoto was 289,466 JPY/sq.m. The market value represents a decrease of 156,787 JPY (-35.1%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 3 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 186.7 sq.m (a +6.7% increase compared to the 175.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.4 min in 2015 and 9.8 min in 2016; +80.6%)
  • 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 2015 and 16.7% of total transactions in 2016)

Tsukaguchi176,784 JPY/sq.m (-28% compared with the previous year)

The average price of a sq.m Land of Tsukaguchi was 176,784 JPY/sq.m. The market value represents a decrease of 67,499 JPY (-27.6%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents a decrease of 2 (-14.3%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 191.7 sq.m (a -34.7% decrease compared to the 293.6 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)