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 Sep, 2018 was 254,467 JPY/sq.m. The market value represents a decrease of 7,369 JPY (-2.8%) compared to 1 year ago and a transition to a slight market. 77 properties exchanged hands ( The market value represents a decrease of 21 (-21.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 218.2 sq.m (a +0.7% increase compared to the 216.8 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.

13 stations have experienced increased prices; 6 stations have experienced decreased prices. The overall trend was the same as last year. Sumiyoshi, Nishinomiya, Kusugawa, Naruo, Amagasakisennta-Pu-Rumae station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Oogi station, where prices have increased +400.0% compared to last year; a sq.m unit now costs 200,000 JPY/sq.m.

The top 2 stations has seen prices increase +251.0% (+148,942 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -24.9% (-66,253 JPY/sq.m).

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 15.3% of total transactions in 2017 and 11.7% 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 Uozaki, the highest market value along this railway was 382,352 JPY/sq.m. The market value represents an increase of 38,874 JPY (+11.3%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Kuise, the lowest market value along this railway was 117,500 JPY/sq.m. The market value represents a decrease of 27,948 JPY (-19.2%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

Hanshin Main Line (Stations Land market overview)
Hanshin Main LineThis year(2018)1 year ago2 years ago
Motomachi-676,923 JPY (0.0Y/60.0sq.m)136,363 JPY (0.0Y/330.0sq.m)
Kasuganomichi210,505 JPY (0.0Y/183.3sq.m)202,077 JPY (0.0Y/221.0sq.m)209,714 JPY (0.0Y/137.5sq.m)
Iwaya---
Nishinada-59,778 JPY (0.0Y/866.7sq.m)307,692 JPY (0.0Y/1130.0sq.m)
Ooishi-184,343 JPY (0.0Y/50.0sq.m)-
Shinnzaike234,464 JPY (0.0Y/90.0sq.m)200,000 JPY (0.0Y/35.0sq.m)210,512 JPY (0.0Y/80.0sq.m)
Ishiyagawa--118,461 JPY (0.0Y/65.0sq.m)
Mikage272,343 JPY (0.0Y/244.2sq.m)299,435 JPY (0.0Y/286.4sq.m)325,327 JPY (0.0Y/176.0sq.m)
Sumiyoshi285,714 JPY (0.0Y/140.0sq.m)200,000 JPY (0.0Y/75.0sq.m)374,090 JPY (0.0Y/172.0sq.m)
Uozaki382,352 JPY (0.0Y/340.0sq.m)343,478 JPY (0.0Y/230.0sq.m)281,666 JPY (0.0Y/215.0sq.m)
Oogi200,000 JPY (0.0Y/140.0sq.m)40,000 JPY (0.0Y/55.0sq.m)339,201 JPY (0.0Y/76.0sq.m)
Fukae-218,624 JPY (0.0Y/488.8sq.m)261,981 JPY (0.0Y/173.0sq.m)
Ashiya303,979 JPY (0.0Y/670.6sq.m)388,320 JPY (0.0Y/200.0sq.m)310,185 JPY (0.0Y/355.2sq.m)
Uchide289,514 JPY (0.0Y/121.7sq.m)257,182 JPY (0.0Y/202.5sq.m)217,662 JPY (0.0Y/186.0sq.m)
Kouroenn239,772 JPY (0.0Y/95.0sq.m)205,924 JPY (0.0Y/141.7sq.m)314,712 JPY (0.0Y/271.0sq.m)
Nishinomiya283,704 JPY (0.0Y/123.0sq.m)204,642 JPY (0.0Y/106.2sq.m)308,390 JPY (0.0Y/283.3sq.m)
Imadu-371,852 JPY (0.0Y/159.3sq.m)259,846 JPY (0.0Y/104.0sq.m)
Kusugawa296,863 JPY (0.0Y/118.3sq.m)196,225 JPY (0.0Y/125.0sq.m)336,842 JPY (0.0Y/95.0sq.m)
Koushienn277,916 JPY (0.0Y/186.2sq.m)335,938 JPY (0.0Y/161.7sq.m)296,287 JPY (0.0Y/214.5sq.m)
Naruo380,610 JPY (0.0Y/120.0sq.m)312,542 JPY (0.0Y/140.0sq.m)259,520 JPY (0.0Y/241.4sq.m)
Mukogawa273,059 JPY (0.0Y/113.8sq.m)135,174 JPY (0.0Y/171.7sq.m)94,478 JPY (0.0Y/143.2sq.m)
Amagasakisennta-Pu-Rumae186,666 JPY (0.0Y/150.0sq.m)129,545 JPY (0.0Y/137.5sq.m)134,088 JPY (0.0Y/177.3sq.m)
Deyashiki173,353 JPY (0.0Y/240.7sq.m)181,775 JPY (0.0Y/263.3sq.m)142,974 JPY (0.0Y/160.0sq.m)
Amagasaki203,918 JPY (0.0Y/176.9sq.m)182,220 JPY (0.0Y/213.0sq.m)193,832 JPY (0.0Y/509.7sq.m)
Daimotsu123,484 JPY (0.0Y/133.8sq.m)171,648 JPY (0.0Y/227.5sq.m)127,648 JPY (0.0Y/218.6sq.m)
Kuise117,500 JPY (0.0Y/40.0sq.m)145,448 JPY (0.0Y/295.0sq.m)112,401 JPY (0.0Y/107.0sq.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

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)

Mukogawa273,059 JPY/sq.m (+102% compared with the previous year)

The average price of a sq.m Land of Mukogawa was 273,059 JPY/sq.m. The market value represents an increase of 137,884 JPY (+102.0%) 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 113.8 sq.m (a -33.7% decrease compared to the 171.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.7 min in 2017 and 10.8 min in 2018; +24.0%)

Daimotsu123,484 JPY/sq.m (-28% compared with the previous year)

The average price of a sq.m Land of Daimotsu was 123,484 JPY/sq.m. The market value represents a decrease of 48,164 JPY (-28.1%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 133.8 sq.m (a -41.2% decrease compared to the 227.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.2 min in 2017 and 8.0 min in 2018; -34.7%)

Ashiya303,979 JPY/sq.m (-22% compared with the previous year)

The average price of a sq.m Land of Ashiya was 303,979 JPY/sq.m. The market value represents a decrease of 84,341 JPY (-21.7%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 5 (-35.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 670.6 sq.m (a +235.3% increase compared to the 200.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.4 min in 2017 and 19.4 min in 2018; +45.6%)

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)