Hanshin Main Line Hyogo 2014-3Q
Land market report

Hanshin Main Line railway market report

Hanshin Main Line Land market overview

The average price of a sq.m Land of Hanshin Main Line (Motomachi to Kuise), in Jul, 2014 to Sep, 2014 was 254,382 JPY/sq.m. The market value represents an increase of 18,662 JPY (+7.9%) compared to 1 year ago and a transition to a strong market. 43 properties exchanged hands ( The market value represents a decrease of 27 (-38.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 217.4 sq.m (a -17.8% decrease compared to the 264.6 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.

12 stations have experienced increased prices; 4 stations have experienced decreased prices. The overall trend was the same as last year. Iwaya, Sumiyoshi, Oogi, Ashiya, Nishinomiya, Naruo, Daimotsu station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Oogi station, where prices have increased +75.2% compared to last year; a sq.m unit now costs 254,208 JPY/sq.m.

The top 2 stations has seen prices increase +64.2% (+125,938 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -35.6% (-66,164 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 17.1% of total transactions in 2013 and 30.2% of total transactions in 2014)

Causes of price decreases

  • An increase in average distance from the station (representing 9.2 min in 2013 and 10.5 min in 2014; +14.6%)
  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 5.7% of total transactions in 2013 and 2.3% of total transactions in 2014)

Breakdown of each segment

The table below shows Land dealt in Hanshin 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 Nishinomiya, the highest market value along this railway was 410,526 JPY/sq.m. The market value represents an increase of 142,802 JPY (+53.3%) 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 Deyashiki, the lowest market value along this railway was 98,046 JPY/sq.m. The market value represents a decrease of 58,772 JPY (-37.5%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

Hanshin Main Line (Stations Land market overview)
Hanshin Main LineThis year(2014)1 year ago2 years ago
Motomachi585,714 JPY (0.0Y/70.0sq.m)--
Kasuganomichi-250,000 JPY (0.0Y/60.0sq.m)122,751 JPY (0.0Y/66.2sq.m)
Iwaya200,000 JPY (0.0Y/115.0sq.m)164,835 JPY (0.0Y/910.0sq.m)-
Nishinada-136,812 JPY (0.0Y/255.0sq.m)-
Ooishi144,444 JPY (0.0Y/231.7sq.m)218,000 JPY (0.0Y/175.0sq.m)100,000 JPY (0.0Y/200.0sq.m)
Shinnzaike217,857 JPY (0.0Y/75.0sq.m)--
Ishiyagawa--220,000 JPY (0.0Y/100.0sq.m)
Mikage327,519 JPY (0.0Y/131.2sq.m)277,522 JPY (0.0Y/202.0sq.m)263,976 JPY (0.0Y/172.5sq.m)
Sumiyoshi363,368 JPY (0.0Y/97.5sq.m)290,690 JPY (0.0Y/197.5sq.m)299,700 JPY (0.0Y/368.6sq.m)
Uozaki200,000 JPY (0.0Y/85.0sq.m)280,000 JPY (0.0Y/125.0sq.m)185,185 JPY (0.0Y/105.0sq.m)
Oogi254,208 JPY (0.0Y/445.0sq.m)145,134 JPY (0.0Y/191.7sq.m)307,692 JPY (0.0Y/65.0sq.m)
Fukae--160,000 JPY (0.0Y/75.0sq.m)
Ashiya395,454 JPY (0.0Y/110.0sq.m)320,616 JPY (0.0Y/276.2sq.m)257,634 JPY (0.0Y/313.5sq.m)
Uchide306,451 JPY (0.0Y/310.0sq.m)286,887 JPY (0.0Y/555.0sq.m)244,438 JPY (0.0Y/236.7sq.m)
Kouroenn383,333 JPY (0.0Y/60.0sq.m)355,329 JPY (0.0Y/355.0sq.m)345,454 JPY (0.0Y/110.0sq.m)
Nishinomiya410,526 JPY (0.0Y/190.0sq.m)267,724 JPY (0.0Y/140.0sq.m)199,702 JPY (0.0Y/165.0sq.m)
Imadu-142,142 JPY (0.0Y/275.0sq.m)189,473 JPY (0.0Y/95.0sq.m)
Kusugawa-200,000 JPY (0.0Y/200.0sq.m)-
Koushienn272,727 JPY (0.0Y/110.0sq.m)363,150 JPY (0.0Y/113.8sq.m)255,555 JPY (0.0Y/90.0sq.m)
Naruo291,852 JPY (0.0Y/226.7sq.m)223,750 JPY (0.0Y/240.0sq.m)390,952 JPY (0.0Y/102.5sq.m)
Mukogawa166,666 JPY (0.0Y/90.0sq.m)153,510 JPY (0.0Y/128.0sq.m)221,336 JPY (0.0Y/192.5sq.m)
Amagasakisennta-Pu-Rumae-136,129 JPY (0.0Y/205.0sq.m)125,087 JPY (0.0Y/552.5sq.m)
Deyashiki98,046 JPY (0.0Y/131.2sq.m)156,818 JPY (0.0Y/145.0sq.m)103,977 JPY (0.0Y/107.5sq.m)
Amagasaki223,062 JPY (0.0Y/487.5sq.m)192,776 JPY (0.0Y/504.4sq.m)221,100 JPY (0.0Y/1152.5sq.m)
Daimotsu134,636 JPY (0.0Y/117.5sq.m)93,893 JPY (0.0Y/253.3sq.m)-
Kuise---

*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

Oogi254,208 JPY/sq.m (+75% compared with the previous year)

The average price of a sq.m Land of Oogi was 254,208 JPY/sq.m. The market value represents an increase of 109,074 JPY (+75.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 445.0 sq.m (a +132.2% increase compared to the 191.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.3 min in 2013 and 7.0 min in 2014; +31.3%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 66.7% of total transactions in 2013 and 50.0% of total transactions in 2014)

Nishinomiya410,526 JPY/sq.m (+53% compared with the previous year)

The average price of a sq.m Land of Nishinomiya was 410,526 JPY/sq.m. The market value represents an increase of 142,802 JPY (+53.3%) 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 190.0 sq.m (a +35.7% increase compared to the 140.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 9.0 min in 2013 and 5.0 min in 2014; -44.4%)

Deyashiki98,046 JPY/sq.m (-37% compared with the previous year)

The average price of a sq.m Land of Deyashiki was 98,046 JPY/sq.m. The market value represents a decrease of 58,772 JPY (-37.5%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 131.2 sq.m (a -9.5% decrease compared to the 145.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 3.5 min in 2013 and 19.0 min in 2014; +442.9%)

Ooishi144,444 JPY/sq.m (-34% compared with the previous year)

The average price of a sq.m Land of Ooishi was 144,444 JPY/sq.m. The market value represents a decrease of 73,556 JPY (-33.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) 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 +32.4% increase compared to the 175.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 7.0 min in 2013 and 8.3 min in 2014; +19.0%)

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)