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 Apr, 2017 to Jun, 2017 was 229,378 JPY/sq.m. The market value represents an increase of 111,028 JPY (+93.8%) compared to 1 year ago and a transition to a dramatic market. 21 properties exchanged hands ( The market value represents a decrease of 228 (-91.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 304.0 sq.m (a -8.2% decrease compared to the 331.3 sq.m of last year.).

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

9 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Koushiennguchi, Settsumotoyama, Houdenn, Himejibessho station has seen a price increase of over 20% 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 2 stations has seen prices increase +88.1% (+59,269 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -57.0% (-137,802 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 21.8 min in 2016 and 14.9 min in 2017; -31.6%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 4.8% of total transactions in 2016 and 14.3% of total transactions in 2017)

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 Settsumotoyama, the highest market value along this railway was 571,428 JPY/sq.m. The market value represents an increase of 159,410 JPY (+38.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Himejibessho, the lowest market value along this railway was 55,882 JPY/sq.m. The market value represents an increase of 11,399 JPY (+25.6%) 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.).

JR Kobe Line (Stations Land market overview)
JR Kobe LineThis year(2017)1 year ago2 years ago
Amagasaki185,184 JPY (0.0Y/225.0sq.m)193,623 JPY (0.0Y/449.2sq.m)297,006 JPY (0.0Y/482.9sq.m)
Tachibana72,000 JPY (0.0Y/75.0sq.m)186,660 JPY (0.0Y/211.2sq.m)167,548 JPY (0.0Y/147.5sq.m)
Koushiennguchi412,962 JPY (0.0Y/357.5sq.m)341,316 JPY (0.0Y/355.0sq.m)288,333 JPY (0.0Y/125.0sq.m)
Nishinomiya-311,764 JPY (0.0Y/170.0sq.m)262,500 JPY (0.0Y/120.0sq.m)
Sakurashukugawa---
Ashiya-327,260 JPY (0.0Y/156.0sq.m)723,956 JPY (0.0Y/201.2sq.m)
Kounannyamate145,000 JPY (0.0Y/200.0sq.m)305,942 JPY (0.0Y/282.5sq.m)-
Settsumotoyama571,428 JPY (0.0Y/210.0sq.m)412,018 JPY (0.0Y/163.0sq.m)-
Sumiyoshi-488,211 JPY (0.0Y/280.0sq.m)-
Rokkoumichi-554,166 JPY (0.0Y/100.0sq.m)-
Nada---
Sannnomiya1,034,482 JPY (0.0Y/145.0sq.m)--
Motomachi---
Koube--205,438 JPY (0.0Y/85.0sq.m)
Hyougo--160,643 JPY (0.0Y/70.0sq.m)
Shinnnagata---
Takatori250,000 JPY (0.0Y/160.0sq.m)-194,117 JPY (0.0Y/170.0sq.m)
Sumakaihinnkouenn230,000 JPY (0.0Y/100.0sq.m)266,666 JPY (0.0Y/105.0sq.m)-
Suma-180,000 JPY (0.0Y/1025.0sq.m)131,647 JPY (0.0Y/215.0sq.m)
Shioya-114,285 JPY (0.0Y/210.0sq.m)158,620 JPY (0.0Y/145.0sq.m)
Tarumi-139,334 JPY (0.0Y/215.8sq.m)111,603 JPY (0.0Y/272.5sq.m)
Maiko-131,693 JPY (0.0Y/306.7sq.m)140,476 JPY (0.0Y/122.5sq.m)
Asagiri-198,992 JPY (0.0Y/133.3sq.m)132,366 JPY (0.0Y/147.5sq.m)
Akashi98,039 JPY (0.0Y/510.0sq.m)95,091 JPY (0.0Y/541.2sq.m)165,335 JPY (0.0Y/155.4sq.m)
Nishi-Akashi111,111 JPY (0.0Y/135.0sq.m)96,657 JPY (0.0Y/175.4sq.m)139,130 JPY (0.0Y/115.0sq.m)
Ookubo118,518 JPY (0.0Y/135.0sq.m)104,762 JPY (0.0Y/275.4sq.m)88,744 JPY (0.0Y/241.7sq.m)
Uozumi-69,697 JPY (0.0Y/612.5sq.m)89,343 JPY (0.0Y/125.0sq.m)
Tsuchiyama-62,725 JPY (0.0Y/546.2sq.m)80,139 JPY (0.0Y/150.0sq.m)
Higashikakogawa57,894 JPY (0.0Y/190.0sq.m)50,489 JPY (0.0Y/373.5sq.m)80,825 JPY (0.0Y/488.1sq.m)
Kakogawa70,588 JPY (0.0Y/85.0sq.m)94,218 JPY (0.0Y/266.6sq.m)94,519 JPY (0.0Y/285.6sq.m)
Houdenn81,818 JPY (0.0Y/1110.0sq.m)48,082 JPY (0.0Y/264.1sq.m)39,678 JPY (0.0Y/303.8sq.m)
Sone-59,514 JPY (0.0Y/442.1sq.m)15,444 JPY (0.0Y/511.7sq.m)
Himejibessho55,882 JPY (0.0Y/340.0sq.m)44,483 JPY (0.0Y/536.7sq.m)88,888 JPY (0.0Y/450.0sq.m)
Gochaku-48,505 JPY (0.0Y/256.9sq.m)33,866 JPY (0.0Y/292.5sq.m)
Himeji164,833 JPY (0.0Y/238.3sq.m)80,031 JPY (0.0Y/316.6sq.m)76,271 JPY (0.0Y/390.0sq.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%)

Houdenn81,818 JPY/sq.m (+70% compared with the previous year)

The average price of a sq.m Land of Houdenn was 81,818 JPY/sq.m. The market value represents an increase of 33,736 JPY (+70.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 9 (-81.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1110.0 sq.m (a +320.3% increase compared to the 264.1 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 19.5 min in 2016 and 13.0 min in 2017; -33.2%)

Tachibana72,000 JPY/sq.m (-61% compared with the previous year)

The average price of a sq.m Land of Tachibana was 72,000 JPY/sq.m. The market value represents a decrease of 114,660 JPY (-61.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 7 (-87.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 75.0 sq.m (a -64.5% decrease compared to the 211.2 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 12.4 min in 2016 and 10.0 min in 2017; -19.2%)

Kounannyamate145,000 JPY/sq.m (-53% compared with the previous year)

The average price of a sq.m Land of Kounannyamate was 145,000 JPY/sq.m. The market value represents a decrease of 160,942 JPY (-52.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 200.0 sq.m (a -29.2% decrease compared to the 282.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.5 min in 2016 and 15.0 min in 2017; +130.8%)

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)