JR Kishin Line Hyogo 2017-2Q
Land market report

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 Apr, 2017 to Jun, 2017 was 85,793 JPY/sq.m. The market value represents an increase of 29,242 JPY (+51.7%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents a decrease of 74 (-90.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 525.0 sq.m (a +43.2% increase compared to the 366.6 sq.m of last year.).

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

2 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Honntatsuno station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Himeji station, where prices have increased +106.0% compared to last year; a sq.m unit now costs 164,833 JPY/sq.m.

The top 1 stations has seen prices increase +106.0% (+84,801 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +19.4% (+5,586 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 46.5 min in 2016 and 30.5 min in 2017; -34.4%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.4% of total transactions in 2016 and 12.5% of total transactions in 2017)

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 164,833 JPY/sq.m. The market value represents an increase of 84,801 JPY (+106.0%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 43 (-93.5%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Honntatsuno, the lowest market value along this railway was 34,365 JPY/sq.m. The market value represents an increase of 5,586 JPY (+19.4%) compared to 1 year ago and a transition to a bull market. 3 properties exchanged hands ( The market value represents a decrease of 8 (-72.7%) compared to 1 year ago and a transition to a dramatic market.).

JR Kishin Line (Stations Land market overview)
JR Kishin LineThis year(2017)1 year ago2 years ago
Himeji164,833 JPY (0.0Y/238.3sq.m)80,031 JPY (0.0Y/316.6sq.m)76,271 JPY (0.0Y/390.0sq.m)
Harimatakaoka---
Yobe-50,135 JPY (0.0Y/334.3sq.m)81,656 JPY (0.0Y/858.8sq.m)
Ooichi---
Honntatsuno34,365 JPY (0.0Y/225.0sq.m)28,779 JPY (0.0Y/236.8sq.m)40,124 JPY (0.0Y/346.2sq.m)
Higashihashisaki2,962 JPY (0.0Y/810.0sq.m)-17,982 JPY (0.0Y/520.0sq.m)
Harimashinnguu-19,021 JPY (0.0Y/524.2sq.m)7,968 JPY (0.0Y/745.0sq.m)
Sennbonn-5,161 JPY (0.0Y/310.0sq.m)-
Nishikurisu-1,564 JPY (0.0Y/1400.0sq.m)-
Mikaduki---
Harimatokusa-500 JPY (0.0Y/460.0sq.m)4,488 JPY (0.0Y/553.3sq.m)
Sayo-18,181 JPY (0.0Y/165.0sq.m)-
Kouduki--2,300 JPY (0.0Y/1000.0sq.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

Himeji164,833 JPY/sq.m (+106% compared with the previous year)

The average price of a sq.m Land of Himeji was 164,833 JPY/sq.m. The market value represents an increase of 84,801 JPY (+106.0%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 43 (-93.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 238.3 sq.m (a -24.7% decrease compared to the 316.6 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 39.1 min in 2016 and 21.7 min in 2017; -44.5%)

Honntatsuno34,365 JPY/sq.m (+19% compared with the previous year)

The average price of a sq.m Land of Honntatsuno was 34,365 JPY/sq.m. The market value represents an increase of 5,586 JPY (+19.4%) compared to 1 year ago and a transition to a bull market. 3 properties exchanged hands ( The market value represents a decrease of 8 (-72.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 225.0 sq.m (a -5.0% decrease compared to the 236.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 24.5 min in 2016 and 15.0 min in 2017; -38.9%)

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)