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 Jul, 2018 to Sep, 2018 was 48,639 JPY/sq.m. The market value represents an increase of 7,770 JPY (+19.0%) compared to 1 year ago and a transition to a bull market. 28 properties exchanged hands ( The market value represents a decrease of 2 (-6.7%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 386.4 sq.m (a +7.7% increase compared to the 358.8 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.

3 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Yakujinn station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nishiwakishi station, where prices have increased +643.9% compared to last year; a sq.m unit now costs 10,216 JPY/sq.m.

The top 2 stations has seen prices increase +333.1% (+4,815 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -74.0% (-19,644 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 40.4 min in 2017 and 29.7 min in 2018; -26.6%)

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 6.7% of total transactions in 2017 and 3.6% of total transactions in 2018)

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 108,274 JPY/sq.m. The market value represents an increase of 17,048 JPY (+18.7%) compared to 1 year ago and a transition to a bull market. 10 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Yakujinn, the lowest market value along this railway was 4,316 JPY/sq.m. The market value represents an increase of 787 JPY (+22.3%) 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.).

JR Kakogawa Line (Stations Land market overview)
JR Kakogawa LineThis year(2018)1 year ago2 years ago
Kakogawa108,274 JPY (0.0Y/198.5sq.m)91,226 JPY (0.0Y/177.0sq.m)115,866 JPY (0.0Y/142.9sq.m)
Hioka67,744 JPY (0.0Y/132.5sq.m)70,434 JPY (0.0Y/115.0sq.m)72,727 JPY (0.0Y/330.0sq.m)
Kannno-5,257 JPY (0.0Y/142.5sq.m)-
Yakujinn4,316 JPY (0.0Y/343.3sq.m)3,529 JPY (0.0Y/1170.0sq.m)3,584 JPY (0.0Y/530.0sq.m)
Ichiba1,600 JPY (0.0Y/350.0sq.m)-2,578 JPY (0.0Y/1900.0sq.m)
Onomachi---
Ao--6,914 JPY (0.0Y/240.0sq.m)
Kawainishi--10,588 JPY (0.0Y/170.0sq.m)
Aonogahara4,642 JPY (0.0Y/280.0sq.m)9,269 JPY (0.0Y/150.0sq.m)4,255 JPY (0.0Y/940.0sq.m)
Yashirochou-3,393 JPY (0.0Y/443.3sq.m)14,128 JPY (0.0Y/610.0sq.m)
Takino8,636 JPY (0.0Y/880.0sq.m)28,709 JPY (0.0Y/398.3sq.m)20,682 JPY (0.0Y/940.7sq.m)
Taki---
Nishiwakishi10,216 JPY (0.0Y/238.0sq.m)1,373 JPY (0.0Y/683.3sq.m)9,845 JPY (0.0Y/435.0sq.m)
Shinnnishiwaki5,380 JPY (0.0Y/410.0sq.m)24,596 JPY (0.0Y/230.0sq.m)22,341 JPY (0.0Y/630.0sq.m)
Hie--21,904 JPY (0.0Y/210.0sq.m)
Nihonnhesokouenn-11,038 JPY (0.0Y/770.0sq.m)2,969 JPY (0.0Y/165.0sq.m)
Kurodashou3,709 JPY (0.0Y/620.0sq.m)--
Honnkuroda---
Funamachiguchi1,642 JPY (0.0Y/1400.0sq.m)--
Kugemura--12,982 JPY (0.0Y/570.0sq.m)
Tanikawa--6,451 JPY (0.0Y/620.0sq.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

Nishiwakishi10,216 JPY/sq.m (+644% compared with the previous year)

The average price of a sq.m Land of Nishiwakishi was 10,216 JPY/sq.m. The market value represents an increase of 8,843 JPY (+643.9%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 2 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 238.0 sq.m (a -65.2% decrease compared to the 683.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 120.0 min in 2017 and 69.0 min in 2018; -42.5%)

Yakujinn4,316 JPY/sq.m (+22% compared with the previous year)

The average price of a sq.m Land of Yakujinn was 4,316 JPY/sq.m. The market value represents an increase of 787 JPY (+22.3%) 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 343.3 sq.m (a -70.7% decrease compared to the 1170.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 60.0 min in 2017 and 24.3 min in 2018; -59.4%)

Shinnnishiwaki5,380 JPY/sq.m (-78% compared with the previous year)

The average price of a sq.m Land of Shinnnishiwaki was 5,380 JPY/sq.m. The market value represents a decrease of 19,216 JPY (-78.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 410.0 sq.m (a +78.3% increase compared to the 230.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 16.0 min in 2017 and 37.0 min in 2018; +131.2%)

Takino8,636 JPY/sq.m (-70% compared with the previous year)

The average price of a sq.m Land of Takino was 8,636 JPY/sq.m. The market value represents a decrease of 20,073 JPY (-69.9%) 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.).

The average size of the real estate was 880.0 sq.m (a +120.9% increase compared to the 398.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 14.3 min in 2017 and 23.0 min in 2018; +60.5%)

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)