JR Wadamisaki Line Hyogo 2014-1Q
Land market report

JR Wadamisaki Line railway market report

JR Wadamisaki Line Land market overview

The average price of a sq.m Land of JR Wadamisaki Line (Hyougo to Wadamisaki), in Jan, 2014 to Mar, 2014 was 143,358 JPY/sq.m. The market value represents an increase of 28,812 JPY (+25.2%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 235.0 sq.m (a +327.3% increase compared to the 55.0 sq.m of last year.).

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

1 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was the same as last year. Hyougo station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Hyougo station, where prices have increased +31.1% compared to last year; a sq.m unit now costs 150,118 JPY/sq.m.

The top 1 stations has seen prices increase +31.1% (+35,573 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +31.1% (+35,573 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 9.0 min in 2013 and 5.0 min in 2014; -44.4%)

Breakdown of each segment

The table below shows Land dealt in JR Wadamisaki 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 Hyougo, the highest market value along this railway was 150,118 JPY/sq.m. The market value represents an increase of 35,573 JPY (+31.1%) compared to 1 year ago and a transition to a dramatic 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 price of a sq.m Land of Hyougo, the lowest market value along this railway was 150,118 JPY/sq.m. The market value represents an increase of 35,573 JPY (+31.1%) compared to 1 year ago and a transition to a dramatic 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.).

JR Wadamisaki Line (Stations Land market overview)
JR Wadamisaki LineThis year(2014)1 year ago2 years ago
Hyougo150,118 JPY (0.0Y/270.0sq.m)114,545 JPY (0.0Y/55.0sq.m)-
Wadamisaki123,076 JPY (0.0Y/130.0sq.m)-191,666 JPY (0.0Y/240.0sq.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

Hyougo150,118 JPY/sq.m (+31% compared with the previous year)

The average price of a sq.m Land of Hyougo was 150,118 JPY/sq.m. The market value represents an increase of 35,573 JPY (+31.1%) compared to 1 year ago and a transition to a dramatic 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 270.0 sq.m (a +390.9% increase compared to the 55.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 9.0 min in 2013 and 5.7 min in 2014; -37.0%)

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)