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, 2017 to Jun, 2017 was 248,396 JPY/sq.m. The market value represents a decrease of 8,794 JPY (-3.4%) compared to 1 year ago and a transition to a some market. 7 properties exchanged hands ( The market value represents a decrease of 50 (-87.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 308.6 sq.m (a +108.6% increase compared to the 147.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large size more than 200 sq.m.

2 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Nishinomiyakitaguchi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Ashiyagawa station, where prices have increased +382.4% compared to last year; a sq.m unit now costs 236,969 JPY/sq.m.

The top 1 stations has seen prices increase +382.4% (+187,847 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -52.8% (-112,000 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 14.0% of total transactions in 2016 and 14.3% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 14.1 min in 2016 and 17.7 min in 2017; +25.6%)

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 Nishinomiyakitaguchi, the highest market value along this railway was 448,484 JPY/sq.m. The market value represents an increase of 122,284 JPY (+37.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Kasuganomichi, the lowest market value along this railway was 100,000 JPY/sq.m. The market value represents a decrease of 112,000 JPY (-52.8%) 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.).

Hankyu Kōbe Main Line (Stations Land market overview)
Hankyu Kōbe Main LineThis year(2017)1 year ago2 years ago
Sonoda-183,362 JPY (0.0Y/198.8sq.m)153,428 JPY (0.0Y/145.0sq.m)
Tsukaguchi-183,956 JPY (0.0Y/117.0sq.m)227,810 JPY (0.0Y/115.8sq.m)
Mukonosou133,934 JPY (0.0Y/320.0sq.m)230,762 JPY (0.0Y/166.3sq.m)164,060 JPY (0.0Y/573.3sq.m)
Nishinomiyakitaguchi448,484 JPY (0.0Y/222.5sq.m)326,200 JPY (0.0Y/137.0sq.m)325,392 JPY (0.0Y/312.5sq.m)
Shukugawa-423,131 JPY (0.0Y/118.3sq.m)461,111 JPY (0.0Y/146.7sq.m)
Ashiyagawa236,969 JPY (0.0Y/457.5sq.m)49,122 JPY (0.0Y/570.0sq.m)37,037 JPY (0.0Y/270.0sq.m)
Okamoto-294,736 JPY (0.0Y/95.0sq.m)541,666 JPY (0.0Y/240.0sq.m)
Mikage-455,555 JPY (0.0Y/90.0sq.m)496,296 JPY (0.0Y/135.0sq.m)
Rokkou-308,441 JPY (0.0Y/122.7sq.m)290,302 JPY (0.0Y/152.5sq.m)
Oujikouenn-270,769 JPY (0.0Y/103.8sq.m)-
Kasuganomichi100,000 JPY (0.0Y/160.0sq.m)212,000 JPY (0.0Y/66.7sq.m)220,689 JPY (0.0Y/145.0sq.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

Ashiyagawa236,969 JPY/sq.m (+382% compared with the previous year)

The average price of a sq.m Land of Ashiyagawa was 236,969 JPY/sq.m. The market value represents an increase of 187,847 JPY (+382.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 457.5 sq.m (a -19.7% decrease compared to the 570.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 60.0 min in 2016 and 33.0 min in 2017; -45.0%)

Kasuganomichi100,000 JPY/sq.m (-53% compared with the previous year)

The average price of a sq.m Land of Kasuganomichi was 100,000 JPY/sq.m. The market value represents a decrease of 112,000 JPY (-52.8%) 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 160.0 sq.m (a +140.0% increase compared to the 66.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.3 min in 2016 and 7.0 min in 2017; +31.3%)

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)