Kobe Electric Railway Ao Line railway market report

Kobe Electric Railway Ao Line Land market overview

The average price of a sq.m Land of Kobe Electric Railway Ao Line (Suzuranndai to Ao), in Oct, 2017 to Dec, 2017 was 47,975 JPY/sq.m. The market value represents an increase of 9,519 JPY (+24.8%) compared to 1 year ago and a transition to a dramatic market. 20 properties exchanged hands ( The market value represents a decrease of 16 (-44.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 435.2 sq.m (a +17.2% increase compared to the 371.2 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.

3 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Suzuranndai, Shijimi, Oomura station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Oomura station, where prices have increased +99.5% compared to last year; a sq.m unit now costs 39,900 JPY/sq.m.

The top 2 stations has seen prices increase +98.6% (+18,401 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -27.8% (-10,845 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 21.3 min in 2016 and 14.5 min in 2017; -31.9%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.8% of total transactions in 2016 and 10.0% of total transactions in 2017)

Breakdown of each segment

The table below shows Land dealt in Kobe Electric Railway Ao 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 Nishisuzuranndai, the highest market value along this railway was 89,078 JPY/sq.m. The market value represents a decrease of 2,083 JPY (-2.3%) compared to 1 year ago and a transition to a slight market. 3 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Miki, the lowest market value along this railway was 25,714 JPY/sq.m. The market value represents a decrease of 14,199 JPY (-35.6%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

Kobe Electric Railway Ao Line (Stations Land market overview)
Kobe Electric Railway Ao LineThis year(2017)1 year ago2 years ago
Suzuranndai68,000 JPY (0.0Y/100.0sq.m)45,688 JPY (0.0Y/115.0sq.m)45,454 JPY (0.0Y/220.0sq.m)
Suzuranndainishiguchi-56,666 JPY (0.0Y/192.5sq.m)15,909 JPY (0.0Y/220.0sq.m)
Nishisuzuranndai89,078 JPY (0.0Y/218.3sq.m)91,161 JPY (0.0Y/195.0sq.m)76,225 JPY (0.0Y/290.0sq.m)
Kobata--46,153 JPY (0.0Y/260.0sq.m)
Sakae--29,138 JPY (0.0Y/252.5sq.m)
Oshibedani25,592 JPY (0.0Y/665.0sq.m)--
Midorigaoka29,878 JPY (0.0Y/670.0sq.m)37,369 JPY (0.0Y/202.0sq.m)-
Hironogorufujoumae-26,797 JPY (0.0Y/230.0sq.m)-
Shijimi34,192 JPY (0.0Y/586.7sq.m)17,290 JPY (0.0Y/772.5sq.m)42,112 JPY (0.0Y/245.0sq.m)
Ebisu-19,706 JPY (0.0Y/166.7sq.m)9,090 JPY (0.0Y/110.0sq.m)
Mikiuenomaru54,054 JPY (0.0Y/185.0sq.m)-40,000 JPY (0.0Y/60.0sq.m)
Miki25,714 JPY (0.0Y/430.0sq.m)39,913 JPY (0.0Y/837.0sq.m)47,272 JPY (0.0Y/770.0sq.m)
Oomura39,900 JPY (0.0Y/327.5sq.m)20,000 JPY (0.0Y/150.0sq.m)-
Kashiyama---
Ichiba-15,938 JPY (0.0Y/200.0sq.m)-
Ono-77,662 JPY (0.0Y/147.5sq.m)17,619 JPY (0.0Y/218.3sq.m)
Hata---
Ao-22,857 JPY (0.0Y/70.0sq.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

Oomura39,900 JPY/sq.m (+100% compared with the previous year)

The average price of a sq.m Land of Oomura was 39,900 JPY/sq.m. The market value represents an increase of 19,900 JPY (+99.5%) 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 327.5 sq.m (a +118.3% increase compared to the 150.0 sq.m of last year.).

Shijimi34,192 JPY/sq.m (+98% compared with the previous year)

The average price of a sq.m Land of Shijimi was 34,192 JPY/sq.m. The market value represents an increase of 16,901 JPY (+97.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 3 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 586.7 sq.m (a -24.1% decrease compared to the 772.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 40.7 min in 2016 and 19.0 min in 2017; -53.3%)

Miki25,714 JPY/sq.m (-36% compared with the previous year)

The average price of a sq.m Land of Miki was 25,714 JPY/sq.m. The market value represents a decrease of 14,199 JPY (-35.6%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 430.0 sq.m (a -48.6% decrease compared to the 837.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 16.8 min in 2016 and 14.7 min in 2017; -12.7%)

Midorigaoka29,878 JPY/sq.m (-20% compared with the previous year)

The average price of a sq.m Land of Midorigaoka was 29,878 JPY/sq.m. The market value represents a decrease of 7,491 JPY (-20.0%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 670.0 sq.m (a +231.7% increase compared to the 202.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 14.2 min in 2016 and 20.8 min in 2017; +46.1%)

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)