Kobe Subway Seishin-Yamanote Line Hyogo 2016-2Q
Land market report

Kobe Subway Seishin-Yamanote Line railway market report

Kobe Subway Seishin-Yamanote Line Land market overview

The average price of a sq.m Land of Kobe Subway Seishin-Yamanote Line (Shin-Kobe to Seishinnchuuou), in Apr, 2016 to Jun, 2016 was 122,158 JPY/sq.m. The market value represents an increase of 15,338 JPY (+14.4%) compared to 1 year ago and a transition to a bull market. 25 properties exchanged hands ( The market value represents an increase of 4 (+19.0%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 387.6 sq.m (a +63.9% increase compared to the 236.4 sq.m of last year.).

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

3 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Gakuenntoshi station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Minatogawakouenn station, where prices have increased +173.4% compared to last year; a sq.m unit now costs 236,154 JPY/sq.m.

The top 1 stations has seen prices increase +173.4% (+149,790 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -97.9% (-101,226 JPY/sq.m).

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.3% of total transactions in 2015 and 8.0% of total transactions in 2016)

Breakdown of each segment

The table below shows Land dealt in Kobe Subway Seishin-Yamanote 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 Minatogawakouenn, the highest market value along this railway was 236,154 JPY/sq.m. The market value represents an increase of 149,790 JPY (+173.4%) 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 price of a sq.m Land of Seishinnchuuou, the lowest market value along this railway was 2,222 JPY/sq.m. The market value represents a decrease of 101,226 JPY (-97.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

Kobe Subway Seishin-Yamanote Line (Stations Land market overview)
Kobe Subway Seishin-Yamanote LineThis year(2016)1 year ago2 years ago
Shin-Kobe260,000 JPY (0.0Y/50.0sq.m)-6,842 JPY (0.0Y/190.0sq.m)
Kennchoumae---
Ookurayama-215,384 JPY (0.0Y/65.0sq.m)16,363 JPY (0.0Y/55.0sq.m)
Minatogawakouenn236,154 JPY (0.0Y/147.5sq.m)86,363 JPY (0.0Y/220.0sq.m)95,752 JPY (0.0Y/220.0sq.m)
Kamisawa-106,367 JPY (0.0Y/61.7sq.m)38,579 JPY (0.0Y/106.2sq.m)
Nagata---
Shinnnagata--150,000 JPY (0.0Y/40.0sq.m)
Itayado124,937 JPY (0.0Y/87.5sq.m)200,000 JPY (0.0Y/75.0sq.m)-
Myouhouji113,063 JPY (0.0Y/160.0sq.m)112,554 JPY (0.0Y/154.2sq.m)37,621 JPY (0.0Y/640.0sq.m)
Myoudani101,859 JPY (0.0Y/446.2sq.m)-85,000 JPY (0.0Y/200.0sq.m)
Sougouunndoukouenn---
Gakuenntoshi100,000 JPY (0.0Y/1135.0sq.m)84,613 JPY (0.0Y/452.5sq.m)-
Ikawadani86,250 JPY (0.0Y/850.0sq.m)-6,666 JPY (0.0Y/1500.0sq.m)
Seishinnminami-67,954 JPY (0.0Y/245.0sq.m)5,625 JPY (0.0Y/160.0sq.m)
Seishinnchuuou2,222 JPY (0.0Y/1800.0sq.m)103,448 JPY (0.0Y/290.0sq.m)2,439 JPY (0.0Y/820.0sq.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

Minatogawakouenn236,154 JPY/sq.m (+173% compared with the previous year)

The average price of a sq.m Land of Minatogawakouenn was 236,154 JPY/sq.m. The market value represents an increase of 149,790 JPY (+173.4%) 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 147.5 sq.m (a -33.0% decrease compared to the 220.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 4.0 min in 2015 and 11.5 min in 2016; +187.5%)
  • A dramatic 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 2015 and 50.0% of total transactions in 2016)

Seishinnchuuou2,222 JPY/sq.m (-98% compared with the previous year)

The average price of a sq.m Land of Seishinnchuuou was 2,222 JPY/sq.m. The market value represents a decrease of 101,226 JPY (-97.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 1800.0 sq.m (a +520.7% increase compared to the 290.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 26.0 min in 2015 and 60.0 min in 2016; +130.8%)

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)