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 Jul, 2016 to Sep, 2016 was 58,660 JPY/sq.m. The market value represents an increase of 11,169 JPY (+23.5%) compared to 1 year ago and a transition to a dramatic market. 49 properties exchanged hands ( The market value represents a decrease of 20 (-29.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 439.6 sq.m (a -16.9% decrease compared to the 528.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an increase in transactions involving relatively large size more than 100 sq.m.

4 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Himeji, Harimashinnguu station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Harimatokusa station, where prices have increased +448.1% compared to last year; a sq.m unit now costs 5,744 JPY/sq.m.

The top 2 stations has seen prices increase +276.9% (+6,874 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -75.3% (-22,220 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 2.9% of total transactions in 2015 and 4.1% of total transactions in 2016)

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 94,775 JPY/sq.m. The market value represents an increase of 15,891 JPY (+20.1%) compared to 1 year ago and a transition to a dramatic market. 23 properties exchanged hands ( The market value represents a decrease of 3 (-11.5%) compared to 1 year ago and a transition to a weak market.).

The average price of a sq.m Land of Higashihashisaki, the lowest market value along this railway was 857 JPY/sq.m. The market value represents a decrease of 9,851 JPY (-92.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 6 (-85.7%) 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
Himeji94,775 JPY (0.0Y/374.3sq.m)78,884 JPY (0.0Y/469.8sq.m)88,666 JPY (0.0Y/256.1sq.m)
Harimatakaoka--57,817 JPY (0.0Y/392.1sq.m)
Yobe24,494 JPY (0.0Y/450.0sq.m)59,084 JPY (0.0Y/231.4sq.m)43,300 JPY (0.0Y/533.3sq.m)
Ooichi--3,157 JPY (0.0Y/190.0sq.m)
Honntatsuno40,246 JPY (0.0Y/266.2sq.m)46,931 JPY (0.0Y/223.8sq.m)56,340 JPY (0.0Y/209.3sq.m)
Higashihashisaki857 JPY (0.0Y/35.0sq.m)10,708 JPY (0.0Y/854.3sq.m)23,890 JPY (0.0Y/728.0sq.m)
Harimashinnguu20,216 JPY (0.0Y/685.7sq.m)16,695 JPY (0.0Y/503.2sq.m)31,461 JPY (0.0Y/270.0sq.m)
Sennbonn---
Nishikurisu--35,000 JPY (0.0Y/400.0sq.m)
Mikaduki---
Harimatokusa5,744 JPY (0.0Y/297.5sq.m)1,048 JPY (0.0Y/1203.3sq.m)2,777 JPY (0.0Y/1800.0sq.m)
Sayo17,616 JPY (0.0Y/1040.0sq.m)8,565 JPY (0.0Y/1057.5sq.m)-
Kouduki---

*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

Harimatokusa5,744 JPY/sq.m (+448% compared with the previous year)

The average price of a sq.m Land of Harimatokusa was 5,744 JPY/sq.m. The market value represents an increase of 4,696 JPY (+448.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 297.5 sq.m (a -75.3% decrease compared to the 1203.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 35.0 min in 2015 and 23.0 min in 2016; -34.3%)

Sayo17,616 JPY/sq.m (+106% compared with the previous year)

The average price of a sq.m Land of Sayo was 17,616 JPY/sq.m. The market value represents an increase of 9,051 JPY (+105.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1040.0 sq.m (a -1.7% decrease compared to the 1057.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 27.2 min in 2015 and 18.7 min in 2016; -31.5%)

Higashihashisaki857 JPY/sq.m (-92% compared with the previous year)

The average price of a sq.m Land of Higashihashisaki was 857 JPY/sq.m. The market value represents a decrease of 9,851 JPY (-92.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 6 (-85.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 35.0 sq.m (a -95.9% decrease compared to the 854.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 54.9 min in 2015 and 120.0 min in 2016; +118.8%)

Yobe24,494 JPY/sq.m (-59% compared with the previous year)

The average price of a sq.m Land of Yobe was 24,494 JPY/sq.m. The market value represents a decrease of 34,590 JPY (-58.5%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 2 (-28.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 450.0 sq.m (a +94.4% increase compared to the 231.4 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 42.7 min in 2015 and 28.8 min in 2016; -32.6%)

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)