JR Kobe Line Hyogo 2016-4Q
Land market report

JR Kobe Line railway market report

JR Kobe Line Land market overview

The average price of a sq.m Land of JR Kobe Line (Amagasaki to Himeji), in Oct, 2016 to Dec, 2016 was 129,586 JPY/sq.m. The market value represents an increase of 22,717 JPY (+21.3%) compared to 1 year ago and a transition to a dramatic market. 181 properties exchanged hands ( The market value represents an increase of 47 (+35.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 305.8 sq.m (a -1.8% decrease compared to the 311.5 sq.m of last year.).

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

18 stations have experienced increased prices; 5 stations have experienced decreased prices. The overall trend was the same as last year. Kounannyamate, Rokkoumichi, Tarumi, Akashi, Tsuchiyama, Higashikakogawa, Gochaku station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Amagasaki station, where prices have increased +417.2% compared to last year; a sq.m unit now costs 211,147 JPY/sq.m.

The top 2 stations has seen prices increase +289.2% (+108,446 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -60.8% (-88,685 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 24.7 min in 2015 and 21.1 min in 2016; -14.5%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 4.5% of total transactions in 2015 and 6.1% of total transactions in 2016)

Breakdown of each segment

The table below shows Land dealt in JR Kobe 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 Rokkoumichi, the highest market value along this railway was 438,095 JPY/sq.m. The market value represents an increase of 102,678 JPY (+30.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Sone, the lowest market value along this railway was 29,185 JPY/sq.m. The market value represents a decrease of 29,875 JPY (-50.6%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 2 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

JR Kobe Line (Stations Land market overview)
JR Kobe LineThis year(2016)1 year ago2 years ago
Amagasaki211,147 JPY (0.0Y/445.0sq.m)40,822 JPY (0.0Y/135.0sq.m)54,545 JPY (0.0Y/1027.5sq.m)
Tachibana101,340 JPY (0.0Y/107.5sq.m)209,565 JPY (0.0Y/120.0sq.m)105,000 JPY (0.0Y/65.0sq.m)
Koushiennguchi415,082 JPY (0.0Y/190.0sq.m)200,000 JPY (0.0Y/80.0sq.m)318,182 JPY (0.0Y/302.5sq.m)
Nishinomiya338,251 JPY (0.0Y/380.0sq.m)313,253 JPY (0.0Y/147.5sq.m)257,794 JPY (0.0Y/136.2sq.m)
Sakurashukugawa303,966 JPY (0.0Y/420.0sq.m)-398,888 JPY (0.0Y/95.0sq.m)
Ashiya356,889 JPY (0.0Y/305.7sq.m)340,056 JPY (0.0Y/143.3sq.m)294,559 JPY (0.0Y/186.7sq.m)
Kounannyamate300,000 JPY (0.0Y/80.0sq.m)243,750 JPY (0.0Y/160.0sq.m)428,571 JPY (0.0Y/75.0sq.m)
Settsumotoyama-378,373 JPY (0.0Y/88.8sq.m)444,444 JPY (0.0Y/270.0sq.m)
Sumiyoshi373,770 JPY (0.0Y/140.0sq.m)366,666 JPY (0.0Y/60.0sq.m)-
Rokkoumichi438,095 JPY (0.0Y/70.0sq.m)335,416 JPY (0.0Y/160.0sq.m)230,000 JPY (0.0Y/100.0sq.m)
Nada---
Sannnomiya90,909 JPY (0.0Y/110.0sq.m)-1,207,063 JPY (0.0Y/316.7sq.m)
Motomachi136,363 JPY (0.0Y/330.0sq.m)-690,909 JPY (0.0Y/55.0sq.m)
Koube441,176 JPY (0.0Y/170.0sq.m)--
Hyougo-54,545 JPY (0.0Y/55.0sq.m)-
Shinnnagata-165,000 JPY (0.0Y/200.0sq.m)-
Takatori-136,363 JPY (0.0Y/165.0sq.m)-
Sumakaihinnkouenn268,750 JPY (0.0Y/160.0sq.m)-295,833 JPY (0.0Y/240.0sq.m)
Suma75,454 JPY (0.0Y/315.0sq.m)28,888 JPY (0.0Y/45.0sq.m)136,734 JPY (0.0Y/490.0sq.m)
Shioya81,841 JPY (0.0Y/172.5sq.m)122,849 JPY (0.0Y/167.5sq.m)112,500 JPY (0.0Y/800.0sq.m)
Tarumi107,231 JPY (0.0Y/228.3sq.m)60,911 JPY (0.0Y/364.3sq.m)125,346 JPY (0.0Y/157.5sq.m)
Maiko159,181 JPY (0.0Y/173.0sq.m)135,184 JPY (0.0Y/240.0sq.m)142,657 JPY (0.0Y/175.0sq.m)
Asagiri29,787 JPY (0.0Y/940.0sq.m)98,931 JPY (0.0Y/193.3sq.m)107,526 JPY (0.0Y/160.0sq.m)
Akashi145,096 JPY (0.0Y/203.3sq.m)114,764 JPY (0.0Y/164.0sq.m)103,518 JPY (0.0Y/678.6sq.m)
Nishi-Akashi112,449 JPY (0.0Y/210.4sq.m)120,820 JPY (0.0Y/302.0sq.m)121,666 JPY (0.0Y/97.5sq.m)
Ookubo98,100 JPY (0.0Y/315.0sq.m)86,737 JPY (0.0Y/447.9sq.m)86,380 JPY (0.0Y/251.7sq.m)
Uozumi-57,648 JPY (0.0Y/405.0sq.m)103,268 JPY (0.0Y/467.5sq.m)
Tsuchiyama63,655 JPY (0.0Y/195.6sq.m)42,248 JPY (0.0Y/672.0sq.m)73,489 JPY (0.0Y/146.0sq.m)
Higashikakogawa84,491 JPY (0.0Y/218.0sq.m)59,275 JPY (0.0Y/241.2sq.m)68,812 JPY (0.0Y/145.0sq.m)
Kakogawa96,091 JPY (0.0Y/150.0sq.m)85,684 JPY (0.0Y/171.9sq.m)69,345 JPY (0.0Y/239.0sq.m)
Houdenn50,976 JPY (0.0Y/367.5sq.m)42,948 JPY (0.0Y/245.0sq.m)54,307 JPY (0.0Y/312.9sq.m)
Sone29,185 JPY (0.0Y/826.0sq.m)59,060 JPY (0.0Y/323.3sq.m)26,000 JPY (0.0Y/500.0sq.m)
Himejibessho-64,475 JPY (0.0Y/326.7sq.m)-
Gochaku33,052 JPY (0.0Y/369.0sq.m)19,231 JPY (0.0Y/450.7sq.m)37,666 JPY (0.0Y/394.3sq.m)
Himeji63,820 JPY (0.0Y/428.9sq.m)61,395 JPY (0.0Y/426.4sq.m)86,275 JPY (0.0Y/262.1sq.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

Amagasaki211,147 JPY/sq.m (+417% compared with the previous year)

The average price of a sq.m Land of Amagasaki was 211,147 JPY/sq.m. The market value represents an increase of 170,325 JPY (+417.2%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 4 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 445.0 sq.m (a +229.6% increase compared to the 135.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.0 min in 2015 and 9.2 min in 2016; -23.6%)

Suma75,454 JPY/sq.m (+161% compared with the previous year)

The average price of a sq.m Land of Suma was 75,454 JPY/sq.m. The market value represents an increase of 46,566 JPY (+161.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 315.0 sq.m (a +600.0% increase compared to the 45.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.0 min in 2015 and 30.0 min in 2016; +400.0%)

Asagiri29,787 JPY/sq.m (-70% compared with the previous year)

The average price of a sq.m Land of Asagiri was 29,787 JPY/sq.m. The market value represents a decrease of 69,144 JPY (-69.9%) 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 940.0 sq.m (a +386.2% increase compared to the 193.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 18.7 min in 2015 and 25.0 min in 2016; +33.9%)

Tachibana101,340 JPY/sq.m (-52% compared with the previous year)

The average price of a sq.m Land of Tachibana was 101,340 JPY/sq.m. The market value represents a decrease of 108,225 JPY (-51.6%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 107.5 sq.m (a -10.4% decrease compared to the 120.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.0 min in 2015 and 15.5 min in 2016; +55.0%)

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)