Rokko Island Line Hyogo 2017-3Q
Land market report

Rokko Island Line railway market report

Rokko Island Line Land market overview

The average price of a sq.m Land of Rokko Island Line (Sumiyoshi to Marinnpa-Ku), in Jul, 2017 to Sep, 2017 was 200,000 JPY/sq.m. The market value represents a decrease of 92,982 JPY (-31.7%) 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 1037.5 sq.m (a +299.0% increase compared to the 260.0 sq.m of last year.).

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

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -20.8% (-52,631 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -20.8% (-52,631 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 10.0 min in 2016 and 7.0 min in 2017; -30.0%)

Breakdown of each segment

The table below shows Land dealt in Rokko Island 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 Sumiyoshi, the highest market value along this railway was 200,000 JPY/sq.m. The market value represents a decrease of 52,631 JPY (-20.8%) 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 price of a sq.m Land of Sumiyoshi, the lowest market value along this railway was 200,000 JPY/sq.m. The market value represents a decrease of 52,631 JPY (-20.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

Rokko Island Line (Stations Land market overview)
Rokko Island LineThis year(2017)1 year ago2 years ago
Sumiyoshi200,000 JPY (0.0Y/75.0sq.m)252,631 JPY (0.0Y/190.0sq.m)-
Uozaki-333,333 JPY (0.0Y/330.0sq.m)270,588 JPY (0.0Y/85.0sq.m)
Marinnpa-Ku---

*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

Sumiyoshi200,000 JPY/sq.m (-21% compared with the previous year)

The average price of a sq.m Land of Sumiyoshi was 200,000 JPY/sq.m. The market value represents a decrease of 52,631 JPY (-20.8%) 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 75.0 sq.m (a -60.5% decrease compared to the 190.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.0 min in 2016 and 4.0 min in 2017; -66.7%)

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)