JR Kobe Line Hyogo 2017-FY
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 Jan, 2017 to Dec, 2017 was 142,974 JPY/sq.m. The market value represents an increase of 23,656 JPY (+19.8%) compared to 1 year ago and a transition to a bull market. 294 properties exchanged hands ( The market value represents a decrease of 429 (-59.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 303.2 sq.m (a -5.6% decrease compared to the 321.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an decrease in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

14 stations have experienced increased prices; 16 stations have experienced decreased prices. The overall trend was the same as last year. Ashiya, Sannnomiya, Himeji station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Motomachi station, where prices have increased +396.4% compared to last year; a sq.m unit now costs 676,923 JPY/sq.m.

The top 2 stations has seen prices increase +227.3% (+418,780 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -49.9% (-117,372 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 5.5% of total transactions in 2016 and 8.2% 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 Sannnomiya, the highest market value along this railway was 807,302 JPY/sq.m. The market value represents an increase of 296,999 JPY (+58.2%) 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.).

The average price of a sq.m Land of Gochaku, the lowest market value along this railway was 25,733 JPY/sq.m. The market value represents a decrease of 11,713 JPY (-31.3%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 34 (-79.1%) 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
Amagasaki182,220 JPY (0.0Y/213.0sq.m)193,832 JPY (0.0Y/509.7sq.m)196,593 JPY (0.0Y/435.6sq.m)
Tachibana166,906 JPY (0.0Y/128.8sq.m)173,350 JPY (0.0Y/151.1sq.m)173,065 JPY (0.0Y/142.8sq.m)
Koushiennguchi429,277 JPY (0.0Y/233.1sq.m)362,960 JPY (0.0Y/334.1sq.m)338,547 JPY (0.0Y/96.0sq.m)
Nishinomiya204,642 JPY (0.0Y/106.2sq.m)308,390 JPY (0.0Y/283.3sq.m)285,938 JPY (0.0Y/121.1sq.m)
Sakurashukugawa344,827 JPY (0.0Y/145.0sq.m)303,966 JPY (0.0Y/420.0sq.m)-
Ashiya388,320 JPY (0.0Y/200.0sq.m)310,185 JPY (0.0Y/355.2sq.m)437,142 JPY (0.0Y/316.6sq.m)
Kounannyamate343,313 JPY (0.0Y/183.0sq.m)288,265 JPY (0.0Y/203.8sq.m)400,426 JPY (0.0Y/197.5sq.m)
Settsumotoyama452,380 JPY (0.0Y/157.5sq.m)427,972 JPY (0.0Y/175.0sq.m)376,544 JPY (0.0Y/97.0sq.m)
Sumiyoshi200,000 JPY (0.0Y/75.0sq.m)374,090 JPY (0.0Y/172.0sq.m)271,241 JPY (0.0Y/151.7sq.m)
Rokkoumichi-496,131 JPY (0.0Y/85.0sq.m)377,457 JPY (0.0Y/128.3sq.m)
Nada--83,333 JPY (0.0Y/180.0sq.m)
Sannnomiya807,302 JPY (0.0Y/322.0sq.m)510,303 JPY (0.0Y/135.0sq.m)320,000 JPY (0.0Y/1358.3sq.m)
Motomachi676,923 JPY (0.0Y/60.0sq.m)136,363 JPY (0.0Y/330.0sq.m)1,096,475 JPY (0.0Y/83.3sq.m)
Koube-270,588 JPY (0.0Y/753.3sq.m)187,862 JPY (0.0Y/156.2sq.m)
Hyougo-125,000 JPY (0.0Y/320.0sq.m)99,317 JPY (0.0Y/123.0sq.m)
Shinnnagata127,422 JPY (0.0Y/277.5sq.m)-207,952 JPY (0.0Y/113.0sq.m)
Takatori221,757 JPY (0.0Y/113.3sq.m)188,571 JPY (0.0Y/175.0sq.m)157,369 JPY (0.0Y/120.0sq.m)
Sumakaihinnkouenn191,365 JPY (0.0Y/105.0sq.m)207,976 JPY (0.0Y/112.5sq.m)203,258 JPY (0.0Y/100.0sq.m)
Suma109,695 JPY (0.0Y/200.0sq.m)105,227 JPY (0.0Y/550.0sq.m)102,286 JPY (0.0Y/316.1sq.m)
Shioya53,332 JPY (0.0Y/346.0sq.m)113,986 JPY (0.0Y/172.5sq.m)102,344 JPY (0.0Y/208.3sq.m)
Tarumi146,645 JPY (0.0Y/197.3sq.m)128,625 JPY (0.0Y/347.9sq.m)96,087 JPY (0.0Y/425.2sq.m)
Maiko121,091 JPY (0.0Y/660.8sq.m)154,703 JPY (0.0Y/212.1sq.m)143,074 JPY (0.0Y/185.6sq.m)
Asagiri113,750 JPY (0.0Y/657.5sq.m)144,093 JPY (0.0Y/272.7sq.m)105,495 JPY (0.0Y/233.3sq.m)
Akashi84,871 JPY (0.0Y/255.4sq.m)133,275 JPY (0.0Y/284.4sq.m)130,462 JPY (0.0Y/229.1sq.m)
Nishi-Akashi109,706 JPY (0.0Y/173.0sq.m)122,261 JPY (0.0Y/205.6sq.m)109,958 JPY (0.0Y/206.2sq.m)
Ookubo86,246 JPY (0.0Y/252.7sq.m)99,708 JPY (0.0Y/320.7sq.m)101,227 JPY (0.0Y/336.1sq.m)
Uozumi65,677 JPY (0.0Y/414.2sq.m)70,575 JPY (0.0Y/377.9sq.m)80,063 JPY (0.0Y/573.1sq.m)
Tsuchiyama60,163 JPY (0.0Y/382.5sq.m)63,207 JPY (0.0Y/384.8sq.m)54,766 JPY (0.0Y/423.9sq.m)
Higashikakogawa75,112 JPY (0.0Y/212.1sq.m)67,806 JPY (0.0Y/376.2sq.m)84,323 JPY (0.0Y/418.0sq.m)
Kakogawa90,543 JPY (0.0Y/254.7sq.m)96,479 JPY (0.0Y/220.6sq.m)84,957 JPY (0.0Y/236.8sq.m)
Houdenn52,762 JPY (0.0Y/459.3sq.m)49,667 JPY (0.0Y/265.0sq.m)51,308 JPY (0.0Y/295.7sq.m)
Sone34,160 JPY (0.0Y/225.8sq.m)42,916 JPY (0.0Y/515.0sq.m)36,105 JPY (0.0Y/623.3sq.m)
Himejibessho59,206 JPY (0.0Y/507.1sq.m)56,165 JPY (0.0Y/395.6sq.m)60,288 JPY (0.0Y/348.2sq.m)
Gochaku25,733 JPY (0.0Y/567.2sq.m)37,446 JPY (0.0Y/380.7sq.m)30,370 JPY (0.0Y/684.3sq.m)
Himeji92,087 JPY (0.0Y/371.5sq.m)76,426 JPY (0.0Y/373.2sq.m)73,358 JPY (0.0Y/418.5sq.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

Motomachi676,923 JPY/sq.m (+396% compared with the previous year)

The average price of a sq.m Land of Motomachi was 676,923 JPY/sq.m. The market value represents an increase of 540,560 JPY (+396.4%) 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 60.0 sq.m (a -81.8% decrease compared to the 330.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 13.0 min in 2016 and 4.5 min in 2017; -65.4%)

Sannnomiya807,302 JPY/sq.m (+58% compared with the previous year)

The average price of a sq.m Land of Sannnomiya was 807,302 JPY/sq.m. The market value represents an increase of 296,999 JPY (+58.2%) 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.).

The average size of the real estate was 322.0 sq.m (a +138.5% increase compared to the 135.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 4.3 min in 2016 and 7.6 min in 2017; +75.4%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 66.7% of total transactions in 2016 and 20.0% of total transactions in 2017)

Shioya53,332 JPY/sq.m (-53% compared with the previous year)

The average price of a sq.m Land of Shioya was 53,332 JPY/sq.m. The market value represents a decrease of 60,654 JPY (-53.2%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 1 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 346.0 sq.m (a +100.6% increase compared to the 172.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.8 min in 2016 and 13.0 min in 2017; +32.2%)

Sumiyoshi200,000 JPY/sq.m (-47% compared with the previous year)

The average price of a sq.m Land of Sumiyoshi was 200,000 JPY/sq.m. The market value represents a decrease of 174,090 JPY (-46.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 9 (-90.0%) 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 -56.4% decrease compared to the 172.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 10.8 min in 2016 and 4.0 min in 2017; -63.0%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 20.0% of total transactions in 2016 and 100.0% of total transactions in 2017)

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)