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, 2018 to Mar, 2018 was 242,526 JPY/sq.m. The market value represents an increase of 28,441 JPY (+13.3%) compared to 1 year ago and a transition to a bull market. 27 properties exchanged hands ( The market value represents a decrease of 11 (-28.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 142.4 sq.m (a -43.3% decrease compared to the 251.1 sq.m of last year.).

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

9 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Uchide, Kusugawa, Mukogawa, Amagasaki station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Mikage station, where prices have increased +1032.4% compared to last year; a sq.m unit now costs 193,333 JPY/sq.m.

The top 2 stations has seen prices increase +716.2% (+168,130 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -42.0% (-126,546 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 10.1 min in 2017 and 8.9 min in 2018; -12.6%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 13.2% of total transactions in 2017 and 22.2% of total transactions in 2018)

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 Naruo, the highest market value along this railway was 379,454 JPY/sq.m. The market value represents an increase of 56,874 JPY (+17.6%) compared to 1 year ago and a transition to a bull 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 Deyashiki, the lowest market value along this railway was 118,182 JPY/sq.m. The market value represents a decrease of 70,036 JPY (-37.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

Hanshin Main Line (Stations Land market overview)
Hanshin Main LineThis year(2018)1 year ago2 years ago
Motomachi---
Kasuganomichi149,090 JPY (0.0Y/65.0sq.m)257,308 JPY (0.0Y/271.7sq.m)-
Iwaya---
Nishinada-59,778 JPY (0.0Y/866.7sq.m)-
Ooishi---
Shinnzaike-200,000 JPY (0.0Y/35.0sq.m)307,692 JPY (0.0Y/130.0sq.m)
Ishiyagawa---
Mikage193,333 JPY (0.0Y/150.0sq.m)17,073 JPY (0.0Y/410.0sq.m)278,601 JPY (0.0Y/132.5sq.m)
Sumiyoshi--269,230 JPY (0.0Y/130.0sq.m)
Uozaki---
Oogi200,000 JPY (0.0Y/140.0sq.m)40,000 JPY (0.0Y/55.0sq.m)247,058 JPY (0.0Y/85.0sq.m)
Fukae--326,262 JPY (0.0Y/210.0sq.m)
Ashiya200,000 JPY (0.0Y/60.0sq.m)344,874 JPY (0.0Y/229.2sq.m)361,027 JPY (0.0Y/253.8sq.m)
Uchide341,964 JPY (0.0Y/150.0sq.m)258,465 JPY (0.0Y/220.0sq.m)157,142 JPY (0.0Y/210.0sq.m)
Kouroenn318,182 JPY (0.0Y/72.5sq.m)--
Nishinomiya243,716 JPY (0.0Y/128.0sq.m)209,283 JPY (0.0Y/137.5sq.m)-
Imadu-273,089 JPY (0.0Y/97.5sq.m)227,462 JPY (0.0Y/108.3sq.m)
Kusugawa310,000 JPY (0.0Y/135.0sq.m)196,969 JPY (0.0Y/92.5sq.m)-
Koushienn308,333 JPY (0.0Y/240.0sq.m)261,904 JPY (0.0Y/210.0sq.m)271,836 JPY (0.0Y/275.0sq.m)
Naruo379,454 JPY (0.0Y/117.5sq.m)322,580 JPY (0.0Y/310.0sq.m)230,769 JPY (0.0Y/130.0sq.m)
Mukogawa200,000 JPY (0.0Y/122.5sq.m)156,000 JPY (0.0Y/250.0sq.m)-
Amagasakisennta-Pu-Rumae-129,545 JPY (0.0Y/137.5sq.m)116,843 JPY (0.0Y/175.0sq.m)
Deyashiki118,182 JPY (0.0Y/405.0sq.m)188,218 JPY (0.0Y/372.5sq.m)118,309 JPY (0.0Y/195.0sq.m)
Amagasaki198,555 JPY (0.0Y/120.0sq.m)165,087 JPY (0.0Y/176.7sq.m)-
Daimotsu-154,545 JPY (0.0Y/110.0sq.m)136,915 JPY (0.0Y/307.5sq.m)
Kuise-151,612 JPY (0.0Y/310.0sq.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

Mikage193,333 JPY/sq.m (+1032% compared with the previous year)

The average price of a sq.m Land of Mikage was 193,333 JPY/sq.m. The market value represents an increase of 176,260 JPY (+1032.4%) 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 150.0 sq.m (a -63.4% decrease compared to the 410.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 13.0 min in 2017 and 15.0 min in 2018; +15.4%)

Oogi200,000 JPY/sq.m (+400% compared with the previous year)

The average price of a sq.m Land of Oogi was 200,000 JPY/sq.m. The market value represents an increase of 160,000 JPY (+400.0%) 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 140.0 sq.m (a +154.5% increase compared to the 55.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 4.0 min in 2017 and 3.0 min in 2018; -25.0%)

Causes of price decreases

  • A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 100.0% of total transactions in 2017 and 100.0% of total transactions in 2018)

Kasuganomichi149,090 JPY/sq.m (-42% compared with the previous year)

The average price of a sq.m Land of Kasuganomichi was 149,090 JPY/sq.m. The market value represents a decrease of 108,217 JPY (-42.1%) 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 65.0 sq.m (a -76.1% decrease compared to the 271.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.0 min in 2017 and 7.0 min in 2018; +40.0%)

Ashiya200,000 JPY/sq.m (-42% compared with the previous year)

The average price of a sq.m Land of Ashiya was 200,000 JPY/sq.m. The market value represents a decrease of 144,874 JPY (-42.0%) 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 60.0 sq.m (a -73.8% decrease compared to the 229.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 17.7 min in 2017 and 10.0 min in 2018; -43.4%)

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)