JR Kakogawa Line Hyogo 2017-2Q
Land market report

JR Kakogawa Line railway market report

JR Kakogawa Line Land market overview

The average price of a sq.m Land of JR Kakogawa Line (Kakogawa to Tanikawa), in Apr, 2017 to Jun, 2017 was 52,289 JPY/sq.m. The market value represents a decrease of 551 JPY (-1.0%) compared to 1 year ago and a transition to a slight market. 3 properties exchanged hands ( The market value represents a decrease of 66 (-95.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 146.7 sq.m (a -67.7% decrease compared to the 454.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving size for a general family households less than 100 sq.m.

2 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Takino, Shinnnishiwaki station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Takino station, where prices have increased +82.4% compared to last year; a sq.m unit now costs 44,117 JPY/sq.m.

The top 1 stations has seen prices increase +82.4% (+19,936 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -25.1% (-23,630 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 32.2 min in 2016 and 19.0 min in 2017; -40.9%)

Breakdown of each segment

The table below shows Land dealt in JR Kakogawa 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 Kakogawa, the highest market value along this railway was 70,588 JPY/sq.m. The market value represents a decrease of 23,630 JPY (-25.1%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 21 (-95.5%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Shinnnishiwaki, the lowest market value along this railway was 42,162 JPY/sq.m. The market value represents an increase of 14,486 JPY (+52.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

JR Kakogawa Line (Stations Land market overview)
JR Kakogawa LineThis year(2017)1 year ago2 years ago
Kakogawa70,588 JPY (0.0Y/85.0sq.m)94,218 JPY (0.0Y/266.6sq.m)94,519 JPY (0.0Y/285.6sq.m)
Hioka-76,551 JPY (0.0Y/165.8sq.m)-
Kannno-61,236 JPY (0.0Y/323.3sq.m)-
Yakujinn-16,307 JPY (0.0Y/350.0sq.m)4,545 JPY (0.0Y/660.0sq.m)
Ichiba-20,833 JPY (0.0Y/240.0sq.m)21,328 JPY (0.0Y/305.0sq.m)
Onomachi-5,185 JPY (0.0Y/540.0sq.m)-
Ao---
Kawainishi-4,047 JPY (0.0Y/210.0sq.m)-
Aonogahara-9,518 JPY (0.0Y/522.5sq.m)-
Yashirochou-32,928 JPY (0.0Y/798.3sq.m)3,254 JPY (0.0Y/615.0sq.m)
Takino44,117 JPY (0.0Y/170.0sq.m)24,181 JPY (0.0Y/783.8sq.m)37,042 JPY (0.0Y/298.3sq.m)
Taki-41,624 JPY (0.0Y/130.0sq.m)-
Nishiwakishi-15,515 JPY (0.0Y/981.4sq.m)14,692 JPY (0.0Y/996.7sq.m)
Shinnnishiwaki42,162 JPY (0.0Y/185.0sq.m)27,676 JPY (0.0Y/350.0sq.m)-
Hie---
Nihonnhesokouenn--6,091 JPY (0.0Y/870.0sq.m)
Kurodashou-4,261 JPY (0.0Y/470.0sq.m)-
Honnkuroda---
Funamachiguchi---
Kugemura---
Tanikawa--3,333 JPY (0.0Y/300.0sq.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

Takino44,117 JPY/sq.m (+82% compared with the previous year)

The average price of a sq.m Land of Takino was 44,117 JPY/sq.m. The market value represents an increase of 19,936 JPY (+82.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 170.0 sq.m (a -78.3% decrease compared to the 783.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.5 min in 2016 and 14.0 min in 2017; +86.7%)

Kakogawa70,588 JPY/sq.m (-25% compared with the previous year)

The average price of a sq.m Land of Kakogawa was 70,588 JPY/sq.m. The market value represents a decrease of 23,630 JPY (-25.1%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 21 (-95.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 85.0 sq.m (a -68.1% decrease compared to the 266.6 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 18.2 min in 2016 and 14.0 min in 2017; -23.2%)

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)