JR Bantan Line railway market report

JR Bantan Line Land market overview

The average price of a sq.m Land of JR Bantan Line (Himeji to Wadayama), in Jan, 2017 to Mar, 2017 was 60,751 JPY/sq.m. The market value represents an increase of 10,676 JPY (+21.3%) compared to 1 year ago and a transition to a dramatic market. 21 properties exchanged hands ( The market value represents a decrease of 27 (-56.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 348.3 sq.m (a -16.1% decrease compared to the 415.1 sq.m of last year.).

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

3 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Himeji, Fukusaki station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Ikuno station, where prices have increased +122.6% compared to last year; a sq.m unit now costs 18,378 JPY/sq.m.

The top 2 stations has seen prices increase +97.6% (+31,285 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -95.7% (-44,522 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 2.1% of total transactions in 2016 and 9.5% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 27.5 min in 2016 and 39.0 min in 2017; +41.9%)

Breakdown of each segment

The table below shows Land dealt in JR Bantan 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 Himeji, the highest market value along this railway was 124,723 JPY/sq.m. The market value represents an increase of 52,446 JPY (+72.6%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents a decrease of 19 (-70.4%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Nozato, the lowest market value along this railway was 1,428 JPY/sq.m. The market value represents a decrease of 53,572 JPY (-97.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

JR Bantan Line (Stations Land market overview)
JR Bantan LineThis year(2017)1 year ago2 years ago
Himeji124,723 JPY (0.0Y/396.9sq.m)72,277 JPY (0.0Y/390.4sq.m)83,883 JPY (0.0Y/328.3sq.m)
Kyouguchi--49,506 JPY (0.0Y/230.0sq.m)
Nozato1,428 JPY (0.0Y/210.0sq.m)55,000 JPY (0.0Y/1000.0sq.m)46,433 JPY (0.0Y/376.7sq.m)
Tohori37,931 JPY (0.0Y/145.0sq.m)-59,340 JPY (0.0Y/910.0sq.m)
Nibuno-16,363 JPY (0.0Y/165.0sq.m)7,142 JPY (0.0Y/1400.0sq.m)
Kouro-1,648 JPY (0.0Y/910.0sq.m)2,691 JPY (0.0Y/980.0sq.m)
Mizoguchi816 JPY (0.0Y/980.0sq.m)-36,585 JPY (0.0Y/820.0sq.m)
Fukusaki65,015 JPY (0.0Y/203.3sq.m)47,449 JPY (0.0Y/283.3sq.m)9,090 JPY (0.0Y/165.0sq.m)
Amaji2,971 JPY (0.0Y/175.0sq.m)5,970 JPY (0.0Y/670.0sq.m)410 JPY (0.0Y/397.5sq.m)
Tsurui---
Niino-5,714 JPY (0.0Y/350.0sq.m)-
Teramae---
Hase---
Ikuno18,378 JPY (0.0Y/370.0sq.m)8,254 JPY (0.0Y/325.0sq.m)-
Nii6,996 JPY (0.0Y/290.0sq.m)-11,538 JPY (0.0Y/130.0sq.m)
Aokura---
Takeda2,965 JPY (0.0Y/290.0sq.m)-294 JPY (0.0Y/340.0sq.m)
Wadayama2,232 JPY (0.0Y/390.0sq.m)37,704 JPY (0.0Y/628.8sq.m)11,803 JPY (0.0Y/709.0sq.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

Ikuno18,378 JPY/sq.m (+123% compared with the previous year)

The average price of a sq.m Land of Ikuno was 18,378 JPY/sq.m. The market value represents an increase of 10,124 JPY (+122.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 8 (-88.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 370.0 sq.m (a +13.8% increase compared to the 325.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 26.0 min in 2016 and 11.0 min in 2017; -57.7%)

Himeji124,723 JPY/sq.m (+73% compared with the previous year)

The average price of a sq.m Land of Himeji was 124,723 JPY/sq.m. The market value represents an increase of 52,446 JPY (+72.6%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents a decrease of 19 (-70.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 396.9 sq.m (a +1.7% increase compared to the 390.4 sq.m of last year.).

Nozato1,428 JPY/sq.m (-97% compared with the previous year)

The average price of a sq.m Land of Nozato was 1,428 JPY/sq.m. The market value represents a decrease of 53,572 JPY (-97.4%) 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 210.0 sq.m (a -79.0% decrease compared to the 1000.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 2.0 min in 2016 and 120.0 min in 2017; +5900.0%)

Wadayama2,232 JPY/sq.m (-94% compared with the previous year)

The average price of a sq.m Land of Wadayama was 2,232 JPY/sq.m. The market value represents a decrease of 35,471 JPY (-94.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 390.0 sq.m (a -38.0% decrease compared to the 628.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 16.8 min in 2016 and 60.0 min in 2017; +258.2%)

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)