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 Jul, 2017 to Sep, 2017 was 266,549 JPY/sq.m. The market value represents an increase of 17,725 JPY (+7.1%) compared to 1 year ago and a transition to a strong market. 22 properties exchanged hands ( The market value represents a decrease of 13 (-37.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 270.7 sq.m (a +25.2% increase compared to the 216.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving size for a general family households less than 100 sq.m.

6 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was the same as last year. Nishinomiyakitaguchi, Rokkou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Okamoto station, where prices have increased +108.8% compared to last year; a sq.m unit now costs 570,000 JPY/sq.m.

The top 2 stations has seen prices increase +83.7% (+222,474 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -12.1% (-23,724 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 14.3% of total transactions in 2016 and 18.2% of total transactions in 2017)

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 Okamoto, the highest market value along this railway was 570,000 JPY/sq.m. The market value represents an increase of 296,986 JPY (+108.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) 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 152,036 JPY/sq.m. The market value represents a decrease of 52,396 JPY (-25.6%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 2 (+50.0%) 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(2017)1 year ago2 years ago
Sonoda152,036 JPY (0.0Y/192.5sq.m)204,432 JPY (0.0Y/65.0sq.m)127,205 JPY (0.0Y/175.0sq.m)
Tsukaguchi206,451 JPY (0.0Y/1077.5sq.m)181,040 JPY (0.0Y/264.2sq.m)260,459 JPY (0.0Y/118.3sq.m)
Mukonosou243,048 JPY (0.0Y/207.0sq.m)237,087 JPY (0.0Y/227.1sq.m)254,125 JPY (0.0Y/114.0sq.m)
Nishinomiyakitaguchi348,662 JPY (0.0Y/70.0sq.m)238,461 JPY (0.0Y/130.0sq.m)288,604 JPY (0.0Y/124.0sq.m)
Shukugawa-263,636 JPY (0.0Y/220.0sq.m)-
Ashiyagawa-272,619 JPY (0.0Y/336.7sq.m)281,292 JPY (0.0Y/667.5sq.m)
Okamoto570,000 JPY (0.0Y/100.0sq.m)273,014 JPY (0.0Y/221.2sq.m)426,852 JPY (0.0Y/108.3sq.m)
Mikage373,214 JPY (0.0Y/366.7sq.m)368,266 JPY (0.0Y/222.5sq.m)258,882 JPY (0.0Y/376.7sq.m)
Rokkou400,000 JPY (0.0Y/135.0sq.m)252,038 JPY (0.0Y/200.0sq.m)225,578 JPY (0.0Y/157.5sq.m)
Oujikouenn238,333 JPY (0.0Y/67.5sq.m)-237,634 JPY (0.0Y/160.0sq.m)
Kasuganomichi---

*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

Okamoto570,000 JPY/sq.m (+109% compared with the previous year)

The average price of a sq.m Land of Okamoto was 570,000 JPY/sq.m. The market value represents an increase of 296,986 JPY (+108.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 100.0 sq.m (a -54.8% decrease compared to the 221.2 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.5 min in 2016 and 13.0 min in 2017; +23.8%)

Rokkou400,000 JPY/sq.m (+59% compared with the previous year)

The average price of a sq.m Land of Rokkou was 400,000 JPY/sq.m. The market value represents an increase of 147,962 JPY (+58.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 135.0 sq.m (a -32.5% decrease compared to the 200.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 10.6 min in 2016 and 5.0 min in 2017; -52.8%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 20.0% of total transactions in 2016 and 100.0% of total transactions in 2017)

Sonoda152,036 JPY/sq.m (-26% compared with the previous year)

The average price of a sq.m Land of Sonoda was 152,036 JPY/sq.m. The market value represents a decrease of 52,396 JPY (-25.6%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 2 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 192.5 sq.m (a +196.2% increase compared to the 65.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 11.0 min in 2016 and 15.5 min in 2017; +40.9%)

Mikage373,214 JPY/sq.m (+1% compared with the previous year)

The average price of a sq.m Land of Mikage was 373,214 JPY/sq.m. The market value represents an increase of 4,948 JPY (+1.3%) compared to 1 year ago and a transition to a slight market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 366.7 sq.m (a +64.8% increase compared to the 222.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.2 min in 2016 and 9.0 min in 2017; +24.1%)

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)