JR San-in Main Line Hyogo 2015-1Q
Land market report

JR San-in Main Line railway market report

JR San-in Main Line Land market overview

The average price of a sq.m Land of JR San-in Main Line (Yanase to Hamasaka), in Jan, 2015 to Mar, 2015 was 18,297 JPY/sq.m. The market value represents a decrease of 11,286 JPY (-38.1%) compared to 1 year ago and a transition to a dramatic market. 21 properties exchanged hands ( The market value represents a decrease of 6 (-22.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 417.9 sq.m (a -0.1% decrease compared to the 418.3 sq.m of last year.).

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

0 stations have experienced increased prices; 7 stations have experienced decreased prices. The market value decreased in all stations. Wadayama, Youka station has seen a price decrease of over 20% compared to last year. The most dramatic price increase was at Hamasaka station, where prices have decreased -50.9% compared to last year; a sq.m unit now costs 28,132 JPY/sq.m.

The top 2 stations has seen prices increase -2.1% (-269 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -44.5% (-20,876 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 29.8 min in 2014 and 48.2 min in 2015; +61.6%)

Breakdown of each segment

The table below shows Land dealt in JR San-in Main 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 Ebara, the highest market value along this railway was 32,398 JPY/sq.m. The market value represents a decrease of 6,195 JPY (-16.1%) compared to 1 year ago and a transition to a weak 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 price of a sq.m Land of Yanase, the lowest market value along this railway was 1,358 JPY/sq.m. The market value represents a decrease of 484 JPY (-26.3%) 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.).

JR San-in Main Line (Stations Land market overview)
JR San-in Main LineThis year(2015)1 year ago2 years ago
Yanase1,358 JPY (0.0Y/810.0sq.m)1,842 JPY (0.0Y/1900.0sq.m)10,674 JPY (0.0Y/440.0sq.m)
Wadayama11,803 JPY (0.0Y/709.0sq.m)12,000 JPY (0.0Y/350.0sq.m)24,317 JPY (0.0Y/782.5sq.m)
Yabu--22,333 JPY (0.0Y/300.0sq.m)
Youka12,621 JPY (0.0Y/353.3sq.m)12,962 JPY (0.0Y/270.0sq.m)23,472 JPY (0.0Y/337.1sq.m)
Ebara32,398 JPY (0.0Y/303.8sq.m)38,592 JPY (0.0Y/400.0sq.m)8,062 JPY (0.0Y/212.5sq.m)
Kokufu9,523 JPY (0.0Y/210.0sq.m)10,796 JPY (0.0Y/102.5sq.m)20,023 JPY (0.0Y/451.7sq.m)
Toyooka20,375 JPY (0.0Y/250.0sq.m)32,906 JPY (0.0Y/432.9sq.m)37,511 JPY (0.0Y/429.4sq.m)
Gennbudou---
Kinosakionnsenn-92,839 JPY (0.0Y/562.5sq.m)-
Takeno-27,272 JPY (0.0Y/165.0sq.m)-
Satsu---
Shibayama-2,352 JPY (0.0Y/85.0sq.m)-
Kasumi-22,647 JPY (0.0Y/215.0sq.m)41,176 JPY (0.0Y/340.0sq.m)
Amarube--11,081 JPY (0.0Y/370.0sq.m)
Kutani-6,102 JPY (0.0Y/1025.0sq.m)-
Hamasaka28,132 JPY (0.0Y/125.0sq.m)57,352 JPY (0.0Y/185.0sq.m)21,052 JPY (0.0Y/190.0sq.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

Wadayama11,803 JPY/sq.m (-2% compared with the previous year)

The average price of a sq.m Land of Wadayama was 11,803 JPY/sq.m. The market value represents a decrease of 197 JPY (-1.6%) compared to 1 year ago and a transition to a slight market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 709.0 sq.m (a +102.6% increase compared to the 350.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2014 and 21.6 min in 2015; -28.0%)

Youka12,621 JPY/sq.m (-3% compared with the previous year)

The average price of a sq.m Land of Youka was 12,621 JPY/sq.m. The market value represents a decrease of 341 JPY (-2.6%) compared to 1 year ago and a transition to a slight market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 353.3 sq.m (a +30.9% increase compared to the 270.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 30.0 min in 2014 and 65.0 min in 2015; +116.7%)

Hamasaka28,132 JPY/sq.m (-51% compared with the previous year)

The average price of a sq.m Land of Hamasaka was 28,132 JPY/sq.m. The market value represents a decrease of 29,221 JPY (-50.9%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 125.0 sq.m (a -32.4% decrease compared to the 185.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 48.0 min in 2014 and 72.7 min in 2015; +51.4%)

Toyooka20,375 JPY/sq.m (-38% compared with the previous year)

The average price of a sq.m Land of Toyooka was 20,375 JPY/sq.m. The market value represents a decrease of 12,531 JPY (-38.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 4 (-57.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 250.0 sq.m (a -42.2% decrease compared to the 432.9 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 23.7 min in 2014 and 84.3 min in 2015; +255.6%)

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)