Kobe Electric Railway Sanda Line Hyogo 2016-3Q
Land market report

Kobe Electric Railway Sanda Line railway market report

Kobe Electric Railway Sanda Line Land market overview

The average price of a sq.m Land of Kobe Electric Railway Sanda Line (Arimaguchi to Sannda), in Jul, 2016 to Sep, 2016 was 36,232 JPY/sq.m. The market value represents a decrease of 17,642 JPY (-32.7%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents an increase of 2 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 254.0 sq.m (a -49.5% decrease compared to the 503.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

2 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Taoji station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Doujouminamiguchi station, where prices have increased +2107.6% compared to last year; a sq.m unit now costs 57,575 JPY/sq.m.

The top 1 stations has seen prices increase +2107.6% (+54,967 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -92.3% (-73,082 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.4 min in 2015 and 25.7 min in 2016; +32.6%)

Breakdown of each segment

The table below shows Land dealt in Kobe Electric Railway Sanda 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 Doujouminamiguchi, the highest market value along this railway was 57,575 JPY/sq.m. The market value represents an increase of 54,967 JPY (+2107.6%) 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 price of a sq.m Land of Sannda, the lowest market value along this railway was 6,060 JPY/sq.m. The market value represents a decrease of 73,082 JPY (-92.3%) compared to 1 year ago and a transition to a dramatic 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.).

Kobe Electric Railway Sanda Line (Stations Land market overview)
Kobe Electric Railway Sanda LineThis year(2016)1 year ago2 years ago
Arimaguchi---
Gosha531 JPY (0.0Y/470.0sq.m)--
Okaba9,068 JPY (0.0Y/315.0sq.m)62,882 JPY (0.0Y/335.0sq.m)55,319 JPY (0.0Y/470.0sq.m)
Taoji52,436 JPY (0.0Y/155.0sq.m)45,230 JPY (0.0Y/255.0sq.m)41,644 JPY (0.0Y/550.0sq.m)
Nirou60,000 JPY (0.0Y/250.0sq.m)--
Doujouminamiguchi57,575 JPY (0.0Y/183.3sq.m)2,608 JPY (0.0Y/1230.0sq.m)-
Shinntetsudoujou--50,000 JPY (0.0Y/280.0sq.m)
Yokoyama---
Sanndahonnmachi--77,142 JPY (0.0Y/350.0sq.m)
Sannda6,060 JPY (0.0Y/330.0sq.m)79,142 JPY (0.0Y/192.5sq.m)15,882 JPY (0.0Y/340.0sq.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

Doujouminamiguchi57,575 JPY/sq.m (+2108% compared with the previous year)

The average price of a sq.m Land of Doujouminamiguchi was 57,575 JPY/sq.m. The market value represents an increase of 54,967 JPY (+2107.6%) 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 183.3 sq.m (a -85.1% decrease compared to the 1230.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 16.0 min in 2015 and 14.0 min in 2016; -12.5%)

Sannda6,060 JPY/sq.m (-92% compared with the previous year)

The average price of a sq.m Land of Sannda was 6,060 JPY/sq.m. The market value represents a decrease of 73,082 JPY (-92.3%) compared to 1 year ago and a transition to a dramatic 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 330.0 sq.m (a +71.4% increase compared to the 192.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 17.5 min in 2015 and 30.0 min in 2016; +71.4%)

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)