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 Oct, 2016 to Dec, 2016 was 254,937 JPY/sq.m. The market value represents an increase of 31,254 JPY (+14.0%) compared to 1 year ago and a transition to a bull market. 52 properties exchanged hands ( The market value represents an increase of 12 (+30.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 236.2 sq.m (a +25.9% increase compared to the 187.6 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.

8 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Mikage, Koushienn, Amagasakisennta-Pu-Rumae station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Amagasaki station, where prices have increased +417.2% compared to last year; a sq.m unit now costs 211,147 JPY/sq.m.

The top 2 stations has seen prices increase +270.5% (+121,852 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -5.9% (-9,288 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 10.0% of total transactions in 2015 and 15.4% of total transactions in 2016)

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 Sumiyoshi, the highest market value along this railway was 373,770 JPY/sq.m. The market value represents an increase of 7,104 JPY (+1.9%) compared to 1 year ago and a transition to a slight market. 6 properties exchanged hands ( The market value represents an increase of 5 (+500.0%) 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 88,401 JPY/sq.m. The market value represents a decrease of 8,568 JPY (-8.8%) compared to 1 year ago and a transition to a bear market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) 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
Motomachi136,363 JPY (0.0Y/330.0sq.m)-690,909 JPY (0.0Y/55.0sq.m)
Kasuganomichi202,857 JPY (0.0Y/350.0sq.m)-227,247 JPY (0.0Y/184.0sq.m)
Iwaya--190,909 JPY (0.0Y/110.0sq.m)
Nishinada---
Ooishi-202,272 JPY (0.0Y/440.0sq.m)-
Shinnzaike-345,454 JPY (0.0Y/110.0sq.m)-
Ishiyagawa118,461 JPY (0.0Y/65.0sq.m)--
Mikage306,148 JPY (0.0Y/188.3sq.m)216,666 JPY (0.0Y/122.5sq.m)278,460 JPY (0.0Y/150.0sq.m)
Sumiyoshi373,770 JPY (0.0Y/140.0sq.m)366,666 JPY (0.0Y/60.0sq.m)-
Uozaki230,000 JPY (0.0Y/100.0sq.m)-236,363 JPY (0.0Y/110.0sq.m)
Oogi-257,272 JPY (0.0Y/103.8sq.m)160,493 JPY (0.0Y/810.0sq.m)
Fukae-18,181 JPY (0.0Y/55.0sq.m)-
Ashiya356,889 JPY (0.0Y/305.7sq.m)340,056 JPY (0.0Y/143.3sq.m)294,559 JPY (0.0Y/186.7sq.m)
Uchide228,571 JPY (0.0Y/70.0sq.m)--
Kouroenn319,311 JPY (0.0Y/205.0sq.m)329,319 JPY (0.0Y/105.0sq.m)357,894 JPY (0.0Y/95.0sq.m)
Nishinomiya338,251 JPY (0.0Y/380.0sq.m)313,253 JPY (0.0Y/147.5sq.m)257,794 JPY (0.0Y/136.2sq.m)
Imadu-252,631 JPY (0.0Y/95.0sq.m)257,692 JPY (0.0Y/260.0sq.m)
Kusugawa-255,411 JPY (0.0Y/80.0sq.m)240,351 JPY (0.0Y/111.7sq.m)
Koushienn266,982 JPY (0.0Y/350.0sq.m)209,351 JPY (0.0Y/391.0sq.m)379,310 JPY (0.0Y/145.0sq.m)
Naruo168,030 JPY (0.0Y/115.0sq.m)-381,818 JPY (0.0Y/110.0sq.m)
Mukogawa88,401 JPY (0.0Y/188.0sq.m)96,969 JPY (0.0Y/165.0sq.m)150,980 JPY (0.0Y/510.0sq.m)
Amagasakisennta-Pu-Rumae174,545 JPY (0.0Y/160.0sq.m)125,113 JPY (0.0Y/321.2sq.m)144,827 JPY (0.0Y/145.0sq.m)
Deyashiki208,080 JPY (0.0Y/180.0sq.m)-82,589 JPY (0.0Y/131.7sq.m)
Amagasaki211,147 JPY (0.0Y/445.0sq.m)40,822 JPY (0.0Y/135.0sq.m)54,545 JPY (0.0Y/1027.5sq.m)
Daimotsu-185,656 JPY (0.0Y/161.2sq.m)187,878 JPY (0.0Y/165.0sq.m)
Kuise132,638 JPY (0.0Y/65.0sq.m)59,259 JPY (0.0Y/270.0sq.m)82,579 JPY (0.0Y/280.0sq.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

Amagasaki211,147 JPY/sq.m (+417% compared with the previous year)

The average price of a sq.m Land of Amagasaki was 211,147 JPY/sq.m. The market value represents an increase of 170,325 JPY (+417.2%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 4 (+200.0%) 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 +229.6% increase compared to the 135.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.0 min in 2015 and 9.2 min in 2016; -23.6%)

Kuise132,638 JPY/sq.m (+124% compared with the previous year)

The average price of a sq.m Land of Kuise was 132,638 JPY/sq.m. The market value represents an increase of 73,380 JPY (+123.8%) 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 65.0 sq.m (a -75.9% decrease compared to the 270.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 8.0 min in 2015 and 9.0 min in 2016; +12.5%)

Mukogawa88,401 JPY/sq.m (-9% compared with the previous year)

The average price of a sq.m Land of Mukogawa was 88,401 JPY/sq.m. The market value represents a decrease of 8,568 JPY (-8.8%) compared to 1 year ago and a transition to a bear market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 188.0 sq.m (a +13.9% increase compared to the 165.0 sq.m of last year.).

Kouroenn319,311 JPY/sq.m (-3% compared with the previous year)

The average price of a sq.m Land of Kouroenn was 319,311 JPY/sq.m. The market value represents a decrease of 10,008 JPY (-3.0%) compared to 1 year ago and a transition to a some market. 3 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 205.0 sq.m (a +95.2% increase compared to the 105.0 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 7.3 min in 2016; -29.0%)

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)