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, 2016 to Sep, 2016 was 222,904 JPY/sq.m. The market value represents a decrease of 112,579 JPY (-33.6%) compared to 1 year ago and a transition to a dramatic market. 35 properties exchanged hands ( The market value represents an increase of 6 (+20.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 358.7 sq.m (a +45.4% increase compared to the 246.7 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.

7 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Mikage, Uozaki, Deyashiki station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Deyashiki station, where prices have increased +45.4% compared to last year; a sq.m unit now costs 110,000 JPY/sq.m.

The top 2 stations has seen prices increase +43.8% (+71,855 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -37.9% (-84,320 JPY/sq.m).

Cause of price increases

  • An increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 17.2% of total transactions in 2015 and 20.0% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.1 min in 2015 and 11.9 min in 2016; +30.1%)

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 Mikage, the highest market value along this railway was 368,266 JPY/sq.m. The market value represents an increase of 109,385 JPY (+42.3%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 1 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Mukogawa, the lowest market value along this railway was 67,778 JPY/sq.m. The market value represents an increase of 278 JPY (+0.4%) compared to 1 year ago and a transition to a slight 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.).

Hanshin Main Line (Stations Land market overview)
Hanshin Main LineThis year(2016)1 year ago2 years ago
Motomachi-1,439,712 JPY (0.0Y/75.0sq.m)585,714 JPY (0.0Y/70.0sq.m)
Kasuganomichi---
Iwaya--200,000 JPY (0.0Y/115.0sq.m)
Nishinada---
Ooishi--144,444 JPY (0.0Y/231.7sq.m)
Shinnzaike113,333 JPY (0.0Y/30.0sq.m)-217,857 JPY (0.0Y/75.0sq.m)
Ishiyagawa-328,571 JPY (0.0Y/70.0sq.m)-
Mikage368,266 JPY (0.0Y/222.5sq.m)258,882 JPY (0.0Y/376.7sq.m)327,519 JPY (0.0Y/131.2sq.m)
Sumiyoshi252,631 JPY (0.0Y/190.0sq.m)-363,368 JPY (0.0Y/97.5sq.m)
Uozaki333,333 JPY (0.0Y/330.0sq.m)270,588 JPY (0.0Y/85.0sq.m)200,000 JPY (0.0Y/85.0sq.m)
Oogi369,930 JPY (0.0Y/60.0sq.m)-254,208 JPY (0.0Y/445.0sq.m)
Fukae---
Ashiya207,575 JPY (0.0Y/605.0sq.m)330,948 JPY (0.0Y/207.0sq.m)395,454 JPY (0.0Y/110.0sq.m)
Uchide-478,260 JPY (0.0Y/230.0sq.m)306,451 JPY (0.0Y/310.0sq.m)
Kouroenn265,625 JPY (0.0Y/640.0sq.m)-383,333 JPY (0.0Y/60.0sq.m)
Nishinomiya287,359 JPY (0.0Y/256.7sq.m)290,572 JPY (0.0Y/95.0sq.m)410,526 JPY (0.0Y/190.0sq.m)
Imadu-200,000 JPY (0.0Y/65.0sq.m)-
Kusugawa-347,826 JPY (0.0Y/115.0sq.m)-
Koushienn307,692 JPY (0.0Y/130.0sq.m)291,111 JPY (0.0Y/135.0sq.m)272,727 JPY (0.0Y/110.0sq.m)
Naruo302,631 JPY (0.0Y/760.0sq.m)357,142 JPY (0.0Y/560.0sq.m)291,852 JPY (0.0Y/226.7sq.m)
Mukogawa67,778 JPY (0.0Y/132.5sq.m)67,500 JPY (0.0Y/40.0sq.m)166,666 JPY (0.0Y/90.0sq.m)
Amagasakisennta-Pu-Rumae108,333 JPY (0.0Y/360.0sq.m)--
Deyashiki110,000 JPY (0.0Y/80.0sq.m)75,675 JPY (0.0Y/185.0sq.m)98,046 JPY (0.0Y/131.2sq.m)
Amagasaki165,322 JPY (0.0Y/263.3sq.m)150,126 JPY (0.0Y/552.5sq.m)223,062 JPY (0.0Y/487.5sq.m)
Daimotsu134,472 JPY (0.0Y/215.0sq.m)120,000 JPY (0.0Y/175.0sq.m)134,636 JPY (0.0Y/117.5sq.m)
Kuise72,380 JPY (0.0Y/105.0sq.m)117,647 JPY (0.0Y/510.0sq.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

Deyashiki110,000 JPY/sq.m (+45% compared with the previous year)

The average price of a sq.m Land of Deyashiki was 110,000 JPY/sq.m. The market value represents an increase of 34,325 JPY (+45.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 80.0 sq.m (a -56.8% decrease compared to the 185.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 4.0 min in 2015 and 12.0 min in 2016; +200.0%)

Mikage368,266 JPY/sq.m (+42% compared with the previous year)

The average price of a sq.m Land of Mikage was 368,266 JPY/sq.m. The market value represents an increase of 109,385 JPY (+42.3%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 1 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 222.5 sq.m (a -40.9% decrease compared to the 376.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 10.3 min in 2015 and 7.2 min in 2016; -29.8%)

Kuise72,380 JPY/sq.m (-38% compared with the previous year)

The average price of a sq.m Land of Kuise was 72,380 JPY/sq.m. The market value represents a decrease of 45,267 JPY (-38.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 105.0 sq.m (a -79.4% decrease compared to the 510.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 11.0 min in 2015 and 9.0 min in 2016; -18.2%)

Ashiya207,575 JPY/sq.m (-37% compared with the previous year)

The average price of a sq.m Land of Ashiya was 207,575 JPY/sq.m. The market value represents a decrease of 123,373 JPY (-37.3%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 2 (+40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 605.0 sq.m (a +192.3% increase compared to the 207.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 15.0 min in 2015 and 20.4 min in 2016; +36.2%)

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)