JR Wadamisaki Line Hyogo 2014-FY
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 Sep, 2014 was 149,538 JPY/sq.m. The market value represents an increase of 13,669 JPY (+10.1%) compared to 1 year ago and a transition to a bull market. 7 properties exchanged hands ( The market value represents an increase of 3 (+75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 154.3 sq.m (a +274.0% increase compared to the 41.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was the same as last year. Hyougo station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Hyougo station, where prices have increased +19.6% compared to last year; a sq.m unit now costs 153,948 JPY/sq.m.

The top 1 stations has seen prices increase +19.6% (+25,247 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -14.0% (-19,960 JPY/sq.m).

Causes of price decreases

  • An increase in average distance from the station (representing 6.2 min in 2013 and 7.0 min in 2014; +12.0%)
  • An decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 50.0% of total transactions in 2013 and 42.9% of total transactions in 2014)

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 153,948 JPY/sq.m. The market value represents an increase of 25,247 JPY (+19.6%) compared to 1 year ago and a transition to a bull market. 6 properties exchanged hands ( The market value represents an increase of 4 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Wadamisaki, the lowest market value along this railway was 123,076 JPY/sq.m. The market value represents a decrease of 19,960 JPY (-14.0%) compared to 1 year ago and a transition to a weak 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.).

JR Wadamisaki Line (Stations Land market overview)
JR Wadamisaki LineThis year(2014)1 year ago2 years ago
Hyougo153,948 JPY (0.0Y/158.3sq.m)128,701 JPY (0.0Y/45.0sq.m)91,961 JPY (0.0Y/157.5sq.m)
Wadamisaki123,076 JPY (0.0Y/130.0sq.m)143,036 JPY (0.0Y/37.5sq.m)171,414 JPY (0.0Y/335.0sq.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

Hyougo153,948 JPY/sq.m (+20% compared with the previous year)

The average price of a sq.m Land of Hyougo was 153,948 JPY/sq.m. The market value represents an increase of 25,247 JPY (+19.6%) compared to 1 year ago and a transition to a bull market. 6 properties exchanged hands ( The market value represents an increase of 4 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 158.3 sq.m (a +251.9% increase compared to the 45.0 sq.m of last year.).

Wadamisaki123,076 JPY/sq.m (-14% compared with the previous year)

The average price of a sq.m Land of Wadamisaki was 123,076 JPY/sq.m. The market value represents a decrease of 19,960 JPY (-14.0%) compared to 1 year ago and a transition to a weak 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 130.0 sq.m (a +246.7% increase compared to the 37.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 4.0 min in 2013 and 3.0 min in 2014; -25.0%)

Causes of price decreases

  • A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 100.0% of total transactions in 2013 and 100.0% of total transactions in 2014)

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)