Hanshin Main Line Hyogo 2017-FY
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 Jan, 2017 to Sep, 2017 was 254,768 JPY/sq.m. The market value represents an increase of 18,932 JPY (+8.0%) compared to 1 year ago and a transition to a strong market. 75 properties exchanged hands ( The market value represents a decrease of 44 (-37.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 236.1 sq.m (a -4.6% decrease compared to the 247.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

10 stations have experienced increased prices; 11 stations have experienced decreased prices. Market value of most stations decreased. Ashiya, Uchide, Imadu, Mukogawa, Deyashiki, Daimotsu, Kuise station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Mukogawa station, where prices have increased +56.7% compared to last year; a sq.m unit now costs 156,000 JPY/sq.m.

The top 2 stations has seen prices increase +55.0% (+59,837 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

  • An decrease in average distance from the station (representing 10.7 min in 2016 and 9.5 min in 2017; -11.1%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 4.2% of total transactions in 2016 and 6.7% 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 16.8% of total transactions in 2016 and 16.0% 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

Top

Land stations market overview

The average price of a sq.m Land of Imadu, the highest market value along this railway was 382,399 JPY/sq.m. The market value represents an increase of 122,553 JPY (+47.2%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 1 (+20.0%) 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)-1,096,475 JPY (0.0Y/83.3sq.m)
Kasuganomichi217,981 JPY (0.0Y/243.8sq.m)212,000 JPY (0.0Y/66.7sq.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)
Ooishi--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--328,571 JPY (0.0Y/70.0sq.m)
Mikage284,179 JPY (0.0Y/377.5sq.m)338,114 JPY (0.0Y/167.8sq.m)252,072 JPY (0.0Y/213.1sq.m)
Sumiyoshi200,000 JPY (0.0Y/75.0sq.m)374,571 JPY (0.0Y/220.0sq.m)271,241 JPY (0.0Y/151.7sq.m)
Uozaki-333,333 JPY (0.0Y/330.0sq.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)
Fukae158,165 JPY (0.0Y/635.0sq.m)261,981 JPY (0.0Y/173.0sq.m)18,181 JPY (0.0Y/55.0sq.m)
Ashiya381,268 JPY (0.0Y/202.0sq.m)288,391 JPY (0.0Y/376.9sq.m)437,142 JPY (0.0Y/316.6sq.m)
Uchide258,465 JPY (0.0Y/220.0sq.m)214,934 JPY (0.0Y/215.0sq.m)265,610 JPY (0.0Y/246.7sq.m)
Kouroenn185,357 JPY (0.0Y/170.0sq.m)307,812 JPY (0.0Y/370.0sq.m)298,734 JPY (0.0Y/111.0sq.m)
Nishinomiya204,642 JPY (0.0Y/106.2sq.m)293,460 JPY (0.0Y/235.0sq.m)285,938 JPY (0.0Y/121.1sq.m)
Imadu382,399 JPY (0.0Y/156.7sq.m)259,846 JPY (0.0Y/104.0sq.m)226,316 JPY (0.0Y/80.0sq.m)
Kusugawa196,969 JPY (0.0Y/92.5sq.m)336,842 JPY (0.0Y/95.0sq.m)305,838 JPY (0.0Y/90.0sq.m)
Koushienn277,472 JPY (0.0Y/153.8sq.m)307,276 JPY (0.0Y/163.8sq.m)240,011 JPY (0.0Y/295.0sq.m)
Naruo312,542 JPY (0.0Y/140.0sq.m)296,116 JPY (0.0Y/292.0sq.m)317,270 JPY (0.0Y/291.0sq.m)
Mukogawa156,000 JPY (0.0Y/250.0sq.m)99,543 JPY (0.0Y/105.8sq.m)165,575 JPY (0.0Y/477.0sq.m)
Amagasakisennta-Pu-Rumae129,545 JPY (0.0Y/137.5sq.m)125,098 JPY (0.0Y/181.1sq.m)203,671 JPY (0.0Y/257.9sq.m)
Deyashiki181,775 JPY (0.0Y/263.3sq.m)118,559 JPY (0.0Y/152.5sq.m)79,116 JPY (0.0Y/259.0sq.m)
Amagasaki177,464 JPY (0.0Y/208.1sq.m)183,010 JPY (0.0Y/548.5sq.m)196,593 JPY (0.0Y/435.6sq.m)
Daimotsu176,484 JPY (0.0Y/280.0sq.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)98,909 JPY (0.0Y/135.0sq.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.

Top

Noteworthy stations

Mukogawa156,000 JPY/sq.m (+57% compared with the previous year)

The average price of a sq.m Land of Mukogawa was 156,000 JPY/sq.m. The market value represents an increase of 56,457 JPY (+56.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 5 (-83.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 250.0 sq.m (a +136.2% increase compared to the 105.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 11.5 min in 2016 and 9.0 min in 2017; -21.7%)

Deyashiki181,775 JPY/sq.m (+53% compared with the previous year)

The average price of a sq.m Land of Deyashiki was 181,775 JPY/sq.m. The market value represents an increase of 63,216 JPY (+53.3%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 5 (-62.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 263.3 sq.m (a +72.7% increase compared to the 152.5 sq.m of last year.).

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:

Top

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)