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 Jan, 2017 to Dec, 2017 was 261,836 JPY/sq.m. The market value represents an increase of 20,132 JPY (+8.3%) compared to 1 year ago and a transition to a strong market. 98 properties exchanged hands ( The market value represents a decrease of 73 (-42.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 216.8 sq.m (a -11.1% decrease compared to the 244.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an increase in transactions involving relatively large size more than 100 sq.m.

11 stations have experienced increased prices; 12 stations have experienced decreased prices. The overall trend was the same as last year. Uozaki, Ashiya, Imadu, Naruo, Mukogawa, Deyashiki, Daimotsu, Kuise station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Motomachi station, where prices have increased +396.4% compared to last year; a sq.m unit now costs 676,923 JPY/sq.m.

The top 2 stations has seen prices increase +219.8% (+326,283 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -84.4% (-273,558 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 2.9% of total transactions in 2016 and 5.1% of total transactions in 2017)

Causes of price decreases

  • A some decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 16.4% of total transactions in 2016 and 15.3% of total transactions in 2017)

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 Motomachi, the highest market value along this railway was 676,923 JPY/sq.m. The market value represents an increase of 540,560 JPY (+396.4%) 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 price of a sq.m Land of Oogi, the lowest market value along this railway was 40,000 JPY/sq.m. The market value represents a decrease of 299,201 JPY (-88.2%) 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.).

Hanshin Main Line (Stations Land market overview)
Hanshin Main LineThis year(2017)1 year ago2 years ago
Motomachi676,923 JPY (0.0Y/60.0sq.m)136,363 JPY (0.0Y/330.0sq.m)1,096,475 JPY (0.0Y/83.3sq.m)
Kasuganomichi202,077 JPY (0.0Y/221.0sq.m)209,714 JPY (0.0Y/137.5sq.m)203,892 JPY (0.0Y/150.0sq.m)
Iwaya--313,513 JPY (0.0Y/185.0sq.m)
Nishinada59,778 JPY (0.0Y/866.7sq.m)307,692 JPY (0.0Y/1130.0sq.m)275,722 JPY (0.0Y/97.5sq.m)
Ooishi184,343 JPY (0.0Y/50.0sq.m)-148,278 JPY (0.0Y/237.5sq.m)
Shinnzaike200,000 JPY (0.0Y/35.0sq.m)210,512 JPY (0.0Y/80.0sq.m)345,454 JPY (0.0Y/110.0sq.m)
Ishiyagawa-118,461 JPY (0.0Y/65.0sq.m)328,571 JPY (0.0Y/70.0sq.m)
Mikage299,435 JPY (0.0Y/286.4sq.m)325,327 JPY (0.0Y/176.0sq.m)252,072 JPY (0.0Y/213.1sq.m)
Sumiyoshi200,000 JPY (0.0Y/75.0sq.m)374,090 JPY (0.0Y/172.0sq.m)271,241 JPY (0.0Y/151.7sq.m)
Uozaki343,478 JPY (0.0Y/230.0sq.m)281,666 JPY (0.0Y/215.0sq.m)255,591 JPY (0.0Y/490.0sq.m)
Oogi40,000 JPY (0.0Y/55.0sq.m)339,201 JPY (0.0Y/76.0sq.m)257,272 JPY (0.0Y/103.8sq.m)
Fukae218,624 JPY (0.0Y/488.8sq.m)261,981 JPY (0.0Y/173.0sq.m)18,181 JPY (0.0Y/55.0sq.m)
Ashiya388,320 JPY (0.0Y/200.0sq.m)310,185 JPY (0.0Y/355.2sq.m)437,142 JPY (0.0Y/316.6sq.m)
Uchide257,182 JPY (0.0Y/202.5sq.m)217,662 JPY (0.0Y/186.0sq.m)265,610 JPY (0.0Y/246.7sq.m)
Kouroenn205,924 JPY (0.0Y/141.7sq.m)314,712 JPY (0.0Y/271.0sq.m)298,734 JPY (0.0Y/111.0sq.m)
Nishinomiya204,642 JPY (0.0Y/106.2sq.m)308,390 JPY (0.0Y/283.3sq.m)285,938 JPY (0.0Y/121.1sq.m)
Imadu371,852 JPY (0.0Y/159.3sq.m)259,846 JPY (0.0Y/104.0sq.m)226,316 JPY (0.0Y/80.0sq.m)
Kusugawa196,225 JPY (0.0Y/125.0sq.m)336,842 JPY (0.0Y/95.0sq.m)305,838 JPY (0.0Y/90.0sq.m)
Koushienn335,938 JPY (0.0Y/161.7sq.m)296,287 JPY (0.0Y/214.5sq.m)240,011 JPY (0.0Y/295.0sq.m)
Naruo312,542 JPY (0.0Y/140.0sq.m)259,520 JPY (0.0Y/241.4sq.m)317,270 JPY (0.0Y/291.0sq.m)
Mukogawa135,174 JPY (0.0Y/171.7sq.m)94,478 JPY (0.0Y/143.2sq.m)165,575 JPY (0.0Y/477.0sq.m)
Amagasakisennta-Pu-Rumae129,545 JPY (0.0Y/137.5sq.m)134,088 JPY (0.0Y/177.3sq.m)203,671 JPY (0.0Y/257.9sq.m)
Deyashiki181,775 JPY (0.0Y/263.3sq.m)142,974 JPY (0.0Y/160.0sq.m)79,116 JPY (0.0Y/259.0sq.m)
Amagasaki182,220 JPY (0.0Y/213.0sq.m)193,832 JPY (0.0Y/509.7sq.m)196,593 JPY (0.0Y/435.6sq.m)
Daimotsu171,648 JPY (0.0Y/227.5sq.m)127,648 JPY (0.0Y/218.6sq.m)176,028 JPY (0.0Y/162.5sq.m)
Kuise145,448 JPY (0.0Y/295.0sq.m)112,401 JPY (0.0Y/107.0sq.m)125,461 JPY (0.0Y/237.0sq.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

Motomachi676,923 JPY/sq.m (+396% compared with the previous year)

The average price of a sq.m Land of Motomachi was 676,923 JPY/sq.m. The market value represents an increase of 540,560 JPY (+396.4%) 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 60.0 sq.m (a -81.8% decrease compared to the 330.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 13.0 min in 2016 and 4.5 min in 2017; -65.4%)

Imadu371,852 JPY/sq.m (+43% compared with the previous year)

The average price of a sq.m Land of Imadu was 371,852 JPY/sq.m. The market value represents an increase of 112,006 JPY (+43.1%) 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 159.3 sq.m (a +53.2% increase compared to the 104.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 6.4 min in 2016 and 5.1 min in 2017; -19.6%)

Oogi40,000 JPY/sq.m (-88% compared with the previous year)

The average price of a sq.m Land of Oogi was 40,000 JPY/sq.m. The market value represents a decrease of 299,201 JPY (-88.2%) 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 55.0 sq.m (a -27.6% decrease compared to the 76.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 6.8 min in 2016 and 4.0 min in 2017; -41.2%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 40.0% of total transactions in 2016 and 100.0% of total transactions in 2017)

Nishinada59,778 JPY/sq.m (-81% compared with the previous year)

The average price of a sq.m Land of Nishinada was 59,778 JPY/sq.m. The market value represents a decrease of 247,914 JPY (-80.6%) 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 866.7 sq.m (a -23.3% decrease compared to the 1130.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 10.5 min in 2016 and 6.7 min in 2017; -36.5%)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 50.0% of total transactions in 2016 and 33.3% of total transactions in 2017)

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)