JR Sanyo Main Line railway market report

JR Sanyo Main Line Land market overview

The average price of a sq.m Land of JR Sanyo Main Line (Himeji to Kamigoori), in Apr, 2017 to Jun, 2017 was 119,296 JPY/sq.m. The market value represents an increase of 51,297 JPY (+75.4%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 99 (-94.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 287.5 sq.m (a -25.4% decrease compared to the 385.5 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.

1 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Harimakatsuhara station has seen a price decrease of over 10% compared to last year. The most dramatic price increase was at Aboshi station, where prices have decreased -22.4% compared to last year; a sq.m unit now costs 61,904 JPY/sq.m.

The top 1 stations has seen prices increase +106.0% (+84,801 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -22.4% (-17,917 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.1 min in 2016 and 20.7 min in 2017; -31.4%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.9% of total transactions in 2016 and 16.7% of total transactions in 2017)

Breakdown of each segment

The table below shows Land dealt in JR Sanyo 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

Top

Land stations market overview

The average price of a sq.m Land of Himeji, the highest market value along this railway 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 price of a sq.m Land of Aboshi, the lowest market value along this railway was 61,904 JPY/sq.m. The market value represents a decrease of 17,917 JPY (-22.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 18 (-94.7%) compared to 1 year ago and a transition to a dramatic market.).

JR Sanyo Main Line (Stations Land market overview)
JR Sanyo Main LineThis year(2017)1 year ago2 years ago
Himeji164,833 JPY (0.0Y/238.3sq.m)80,031 JPY (0.0Y/316.6sq.m)76,271 JPY (0.0Y/390.0sq.m)
Agaho-80,694 JPY (0.0Y/267.5sq.m)52,220 JPY (0.0Y/355.0sq.m)
Harimakatsuhara79,688 JPY (0.0Y/400.0sq.m)86,514 JPY (0.0Y/266.2sq.m)64,816 JPY (0.0Y/205.0sq.m)
Aboshi61,904 JPY (0.0Y/210.0sq.m)79,821 JPY (0.0Y/378.2sq.m)39,391 JPY (0.0Y/368.1sq.m)
Tatsuno-29,154 JPY (0.0Y/792.0sq.m)28,057 JPY (0.0Y/366.0sq.m)
Aioi-36,956 JPY (0.0Y/520.9sq.m)34,555 JPY (0.0Y/383.8sq.m)
Une-3,636 JPY (0.0Y/1275.0sq.m)-
Kamigoori-15,840 JPY (0.0Y/344.4sq.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.

Top

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%)

Aboshi61,904 JPY/sq.m (-22% compared with the previous year)

The average price of a sq.m Land of Aboshi was 61,904 JPY/sq.m. The market value represents a decrease of 17,917 JPY (-22.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 18 (-94.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 210.0 sq.m (a -44.5% decrease compared to the 378.2 sq.m of last year.).


Breakdown of each segment

Station:   Segment:

Top

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)