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, 2017 to Sep, 2017 was 43,221 JPY/sq.m. The market value represents a decrease of 15,439 JPY (-26.3%) compared to 1 year ago and a transition to a dramatic market. 64 properties exchanged hands ( The market value represents an increase of 15 (+30.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 394.1 sq.m (a -10.4% decrease compared to the 439.6 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; 4 stations have experienced decreased prices. Market value of most stations decreased. Yobe station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Higashihashisaki station, where prices have increased +253.6% compared to last year; a sq.m unit now costs 3,030 JPY/sq.m.

The top 2 stations has seen prices increase +146.9% (+6,020 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -25.1% (-13,818 JPY/sq.m).

Cause of price increases

  • An increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 4.1% of total transactions in 2016 and 4.7% of total transactions in 2017)

Causes of price decreases

  • An increase in average distance from the station (representing 43.4 min in 2016 and 48.2 min in 2017; +11.1%)

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 72,553 JPY/sq.m. The market value represents a decrease of 22,222 JPY (-23.4%) compared to 1 year ago and a transition to a dramatic market. 25 properties exchanged hands ( The market value represents an increase of 2 (+8.7%) compared to 1 year ago and a transition to a strong market.).

The average price of a sq.m Land of Higashihashisaki, the lowest market value along this railway was 3,030 JPY/sq.m. The market value represents an increase of 2,173 JPY (+253.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

JR Kishin Line (Stations Land market overview)
JR Kishin LineThis year(2017)1 year ago2 years ago
Himeji72,553 JPY (0.0Y/276.6sq.m)94,775 JPY (0.0Y/374.3sq.m)78,884 JPY (0.0Y/469.8sq.m)
Harimatakaoka---
Yobe34,361 JPY (0.0Y/311.7sq.m)24,494 JPY (0.0Y/450.0sq.m)59,084 JPY (0.0Y/231.4sq.m)
Ooichi---
Honntatsuno36,446 JPY (0.0Y/481.2sq.m)40,246 JPY (0.0Y/266.2sq.m)46,931 JPY (0.0Y/223.8sq.m)
Higashihashisaki3,030 JPY (0.0Y/990.0sq.m)857 JPY (0.0Y/35.0sq.m)10,708 JPY (0.0Y/854.3sq.m)
Harimashinnguu14,802 JPY (0.0Y/457.5sq.m)20,216 JPY (0.0Y/685.7sq.m)16,695 JPY (0.0Y/503.2sq.m)
Sennbonn735 JPY (0.0Y/680.0sq.m)--
Nishikurisu---
Mikaduki2,878 JPY (0.0Y/715.0sq.m)--
Harimatokusa5,172 JPY (0.0Y/145.0sq.m)5,744 JPY (0.0Y/297.5sq.m)1,048 JPY (0.0Y/1203.3sq.m)
Sayo-17,616 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

Higashihashisaki3,030 JPY/sq.m (+254% compared with the previous year)

The average price of a sq.m Land of Higashihashisaki was 3,030 JPY/sq.m. The market value represents an increase of 2,173 JPY (+253.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 990.0 sq.m (a +2728.6% increase compared to the 35.0 sq.m of last year.).

Yobe34,361 JPY/sq.m (+40% compared with the previous year)

The average price of a sq.m Land of Yobe was 34,361 JPY/sq.m. The market value represents an increase of 9,867 JPY (+40.3%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 1 (+20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 311.7 sq.m (a -30.7% decrease compared to the 450.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 28.8 min in 2016 and 46.5 min in 2017; +61.5%)

Harimashinnguu14,802 JPY/sq.m (-27% compared with the previous year)

The average price of a sq.m Land of Harimashinnguu was 14,802 JPY/sq.m. The market value represents a decrease of 5,414 JPY (-26.8%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents an increase of 5 (+71.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 457.5 sq.m (a -33.3% decrease compared to the 685.7 sq.m of last year.).

Himeji72,553 JPY/sq.m (-23% compared with the previous year)

The average price of a sq.m Land of Himeji was 72,553 JPY/sq.m. The market value represents a decrease of 22,222 JPY (-23.4%) compared to 1 year ago and a transition to a dramatic market. 25 properties exchanged hands ( The market value represents an increase of 2 (+8.7%) compared to 1 year ago and a transition to a strong market.).

The average size of the real estate was 276.6 sq.m (a -26.1% decrease compared to the 374.3 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 39.9 min in 2016 and 35.7 min in 2017; -10.4%)

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)