JR Kishin Line railway market report

JR Kishin Line Land market overview

The average price of a sq.m Land of JR Kishin Line (Himeji to Kouduki), in Jan, 2016 to Mar, 2016 was 57,783 JPY/sq.m. The market value represents an increase of 20,177 JPY (+53.7%) compared to 1 year ago and a transition to a dramatic market. 40 properties exchanged hands ( The market value represents a decrease of 8 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 432.8 sq.m (a +7.0% increase compared to the 404.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an decrease in transactions involving very large size more than 200 sq.m.

2 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Himeji station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Harimashinnguu station, where prices have decreased -50.4% compared to last year; a sq.m unit now costs 10,738 JPY/sq.m.

The top 1 stations has seen prices increase +250.0% (+36,261 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -50.4% (-10,919 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 66.3 min in 2015 and 35.0 min in 2016; -47.3%)

Breakdown of each segment

The table below shows Land dealt in JR Kishin 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 72,277 JPY/sq.m. The market value represents a decrease of 11,606 JPY (-13.8%) compared to 1 year ago and a transition to a weak market. 27 properties exchanged hands ( The market value represents an increase of 15 (+125.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Higashihashisaki, the lowest market value along this railway was 8,427 JPY/sq.m. The market value represents a decrease of 6,612 JPY (-44.0%) 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 Kishin Line (Stations Land market overview)
JR Kishin LineThis year(2016)1 year ago2 years ago
Himeji72,277 JPY (0.0Y/390.4sq.m)83,883 JPY (0.0Y/328.3sq.m)85,478 JPY (0.0Y/437.1sq.m)
Harimatakaoka-41,299 JPY (0.0Y/542.0sq.m)5,633 JPY (0.0Y/710.0sq.m)
Yobe50,765 JPY (0.0Y/325.0sq.m)14,504 JPY (0.0Y/282.2sq.m)43,113 JPY (0.0Y/266.2sq.m)
Ooichi---
Honntatsuno37,230 JPY (0.0Y/146.7sq.m)17,443 JPY (0.0Y/337.5sq.m)45,127 JPY (0.0Y/218.3sq.m)
Higashihashisaki8,427 JPY (0.0Y/720.0sq.m)15,038 JPY (0.0Y/490.0sq.m)45,714 JPY (0.0Y/350.0sq.m)
Harimashinnguu10,738 JPY (0.0Y/465.0sq.m)21,656 JPY (0.0Y/433.8sq.m)27,062 JPY (0.0Y/664.4sq.m)
Sennbonn--1,904 JPY (0.0Y/420.0sq.m)
Nishikurisu-28,333 JPY (0.0Y/1200.0sq.m)38,888 JPY (0.0Y/360.0sq.m)
Mikaduki--4,006 JPY (0.0Y/990.0sq.m)
Harimatokusa--8,286 JPY (0.0Y/849.2sq.m)
Sayo21,048 JPY (0.0Y/295.0sq.m)-11,508 JPY (0.0Y/724.5sq.m)
Kouduki--823 JPY (0.0Y/340.0sq.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

Yobe50,765 JPY/sq.m (+250% compared with the previous year)

The average price of a sq.m Land of Yobe was 50,765 JPY/sq.m. The market value represents an increase of 36,261 JPY (+250.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 7 (-77.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 325.0 sq.m (a +15.2% increase compared to the 282.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 78.4 min in 2015 and 44.0 min in 2016; -43.9%)

Harimashinnguu10,738 JPY/sq.m (-50% compared with the previous year)

The average price of a sq.m Land of Harimashinnguu was 10,738 JPY/sq.m. The market value represents a decrease of 10,919 JPY (-50.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 15 (-88.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 465.0 sq.m (a +7.2% increase compared to the 433.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 108.1 min in 2015 and 67.5 min in 2016; -37.6%)

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)