Kobe Subway Seishin-Yamanote Line Hyogo 2016-3Q
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 Jul, 2016 to Sep, 2016 was 84,862 JPY/sq.m. The market value represents a decrease of 17,553 JPY (-17.1%) compared to 1 year ago and a transition to a weak market. 11 properties exchanged hands ( The market value represents a decrease of 15 (-57.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 608.2 sq.m (a +52.0% increase compared to the 400.0 sq.m of last year.).

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

3 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Nagata, Gakuenntoshi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Itayado station, where prices have increased +265.6% compared to last year; a sq.m unit now costs 222,000 JPY/sq.m.

The top 2 stations has seen prices increase +161.7% (+100,789 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -75.5% (-102,654 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 20.1 min in 2015 and 27.3 min in 2016; +35.6%)

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 Itayado, the highest market value along this railway was 222,000 JPY/sq.m. The market value represents an increase of 161,286 JPY (+265.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Seishinnchuuou, the lowest market value along this railway was 2,680 JPY/sq.m. The market value represents a decrease of 143,473 JPY (-98.2%) 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.).

Kobe Subway Seishin-Yamanote Line (Stations Land market overview)
Kobe Subway Seishin-Yamanote LineThis year(2016)1 year ago2 years ago
Shin-Kobe-257,142 JPY (0.0Y/140.0sq.m)870,967 JPY (0.0Y/310.0sq.m)
Kennchoumae-53,846 JPY (0.0Y/650.0sq.m)-
Ookurayama--104,444 JPY (0.0Y/51.7sq.m)
Minatogawakouenn55,384 JPY (0.0Y/65.0sq.m)117,220 JPY (0.0Y/66.7sq.m)-
Kamisawa--47,142 JPY (0.0Y/70.0sq.m)
Nagata57,142 JPY (0.0Y/35.0sq.m)43,846 JPY (0.0Y/130.0sq.m)85,714 JPY (0.0Y/140.0sq.m)
Shinnnagata-223,026 JPY (0.0Y/107.5sq.m)217,391 JPY (0.0Y/230.0sq.m)
Itayado222,000 JPY (0.0Y/187.5sq.m)60,714 JPY (0.0Y/100.0sq.m)230,952 JPY (0.0Y/221.7sq.m)
Myouhouji87,027 JPY (0.0Y/777.5sq.m)140,000 JPY (0.0Y/150.0sq.m)-
Myoudani-64,642 JPY (0.0Y/87.5sq.m)112,500 JPY (0.0Y/240.0sq.m)
Sougouunndoukouenn-141,176 JPY (0.0Y/170.0sq.m)-
Gakuenntoshi110,000 JPY (0.0Y/100.0sq.m)69,707 JPY (0.0Y/611.0sq.m)98,650 JPY (0.0Y/785.0sq.m)
Ikawadani--1,818 JPY (0.0Y/550.0sq.m)
Seishinnminami--9,677 JPY (0.0Y/155.0sq.m)
Seishinnchuuou2,680 JPY (0.0Y/1140.0sq.m)146,153 JPY (0.0Y/260.0sq.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

Itayado222,000 JPY/sq.m (+266% compared with the previous year)

The average price of a sq.m Land of Itayado was 222,000 JPY/sq.m. The market value represents an increase of 161,286 JPY (+265.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 187.5 sq.m (a +87.5% increase compared to the 100.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 11.0 min in 2015 and 7.5 min in 2016; -31.8%)

Gakuenntoshi110,000 JPY/sq.m (+58% compared with the previous year)

The average price of a sq.m Land of Gakuenntoshi was 110,000 JPY/sq.m. The market value represents an increase of 40,293 JPY (+57.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 9 (-90.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 100.0 sq.m (a -83.6% decrease compared to the 611.0 sq.m of last year.).

Seishinnchuuou2,680 JPY/sq.m (-98% compared with the previous year)

The average price of a sq.m Land of Seishinnchuuou was 2,680 JPY/sq.m. The market value represents a decrease of 143,473 JPY (-98.2%) 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 1140.0 sq.m (a +338.5% increase compared to the 260.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 16.0 min in 2015 and 52.5 min in 2016; +228.1%)

Minatogawakouenn55,384 JPY/sq.m (-53% compared with the previous year)

The average price of a sq.m Land of Minatogawakouenn was 55,384 JPY/sq.m. The market value represents a decrease of 61,836 JPY (-52.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 65.0 sq.m (a -2.5% decrease compared to the 66.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 14.7 min in 2015 and 18.0 min in 2016; +22.7%)

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)