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, 2017 to Dec, 2017 was 48,368 JPY/sq.m. The market value represents a decrease of 5,504 JPY (-10.2%) compared to 1 year ago and a transition to a weak market. 139 properties exchanged hands ( The market value represents a decrease of 109 (-44.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 485.1 sq.m (a +13.2% increase compared to the 428.7 sq.m of last year.).

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

3 stations have experienced increased prices; 6 stations have experienced decreased prices. Market value of most stations decreased. Himeji, Harimatokusa 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 +29.4% compared to last year; a sq.m unit now costs 5,172 JPY/sq.m.

The top 2 stations has seen prices increase +25.0% (+8,418 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -86.8% (-10,602 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 2.0% of total transactions in 2016 and 3.6% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 44.1 min in 2016 and 53.9 min in 2017; +22.2%)

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 92,087 JPY/sq.m. The market value represents an increase of 15,660 JPY (+20.5%) compared to 1 year ago and a transition to a dramatic market. 51 properties exchanged hands ( The market value represents a decrease of 83 (-61.9%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Sennbonn, the lowest market value along this railway was 735 JPY/sq.m. The market value represents a decrease of 4,426 JPY (-85.8%) 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
Himeji92,087 JPY (0.0Y/371.5sq.m)76,426 JPY (0.0Y/373.2sq.m)73,358 JPY (0.0Y/418.5sq.m)
Harimatakaoka53,694 JPY (0.0Y/346.2sq.m)-41,299 JPY (0.0Y/542.0sq.m)
Yobe33,478 JPY (0.0Y/275.9sq.m)36,112 JPY (0.0Y/450.7sq.m)40,222 JPY (0.0Y/489.0sq.m)
Ooichi-11,600 JPY (0.0Y/75.0sq.m)-
Honntatsuno38,023 JPY (0.0Y/406.8sq.m)36,617 JPY (0.0Y/294.9sq.m)37,690 JPY (0.0Y/286.5sq.m)
Higashihashisaki2,428 JPY (0.0Y/770.0sq.m)8,742 JPY (0.0Y/769.3sq.m)12,472 JPY (0.0Y/677.2sq.m)
Harimashinnguu14,790 JPY (0.0Y/694.3sq.m)18,545 JPY (0.0Y/579.0sq.m)18,853 JPY (0.0Y/554.8sq.m)
Sennbonn735 JPY (0.0Y/680.0sq.m)5,161 JPY (0.0Y/310.0sq.m)-
Nishikurisu1,034 JPY (0.0Y/1035.0sq.m)1,564 JPY (0.0Y/1600.0sq.m)14,930 JPY (0.0Y/865.0sq.m)
Mikaduki2,944 JPY (0.0Y/520.0sq.m)--
Harimatokusa5,172 JPY (0.0Y/145.0sq.m)3,996 JPY (0.0Y/351.7sq.m)2,764 JPY (0.0Y/780.7sq.m)
Sayo2,325 JPY (0.0Y/430.0sq.m)19,102 JPY (0.0Y/645.8sq.m)6,471 JPY (0.0Y/1038.0sq.m)
Kouduki2,987 JPY (0.0Y/770.0sq.m)-1,721 JPY (0.0Y/1116.7sq.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

Harimatokusa5,172 JPY/sq.m (+29% compared with the previous year)

The average price of a sq.m Land of Harimatokusa was 5,172 JPY/sq.m. The market value represents an increase of 1,176 JPY (+29.4%) 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 145.0 sq.m (a -58.8% decrease compared to the 351.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 35.3 min in 2016 and 20.0 min in 2017; -43.4%)

Himeji92,087 JPY/sq.m (+20% compared with the previous year)

The average price of a sq.m Land of Himeji was 92,087 JPY/sq.m. The market value represents an increase of 15,660 JPY (+20.5%) compared to 1 year ago and a transition to a dramatic market. 51 properties exchanged hands ( The market value represents a decrease of 83 (-61.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 371.5 sq.m (a -0.5% decrease compared to the 373.2 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 36.6 min in 2016 and 31.9 min in 2017; -12.7%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 0.7% of total transactions in 2016 and 5.9% of total transactions in 2017)

Sayo2,325 JPY/sq.m (-88% compared with the previous year)

The average price of a sq.m Land of Sayo was 2,325 JPY/sq.m. The market value represents a decrease of 16,777 JPY (-87.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 5 (-83.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 430.0 sq.m (a -33.4% decrease compared to the 645.8 sq.m of last year.).

Sennbonn735 JPY/sq.m (-86% compared with the previous year)

The average price of a sq.m Land of Sennbonn was 735 JPY/sq.m. The market value represents a decrease of 4,426 JPY (-85.8%) 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 680.0 sq.m (a +119.4% increase compared to the 310.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 60.0 min in 2016 and 30.0 min in 2017; -50.0%)

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)