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 Dec, 2017 was 271,739 JPY/sq.m. The market value represents a decrease of 65,894 JPY (-19.5%) compared to 1 year ago and a transition to a weak market. 3 properties exchanged hands ( The market value represents a decrease of 10 (-76.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 768.3 sq.m (a +217.1% increase compared to the 242.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving size for a general family households less than 100 sq.m.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Uozaki station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Uozaki station, where prices have increased +21.9% compared to last year; a sq.m unit now costs 343,478 JPY/sq.m.

The top 1 stations has seen prices increase +21.9% (+61,812 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -46.5% (-174,090 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 11.0 min in 2016 and 6.7 min in 2017; -39.4%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 15.4% of total transactions in 2016 and 33.3% of total transactions in 2017)

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 Uozaki, the highest market value along this railway was 343,478 JPY/sq.m. The market value represents an increase of 61,812 JPY (+21.9%) 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 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 174,090 JPY (-46.5%) 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.).

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)374,090 JPY (0.0Y/172.0sq.m)271,241 JPY (0.0Y/151.7sq.m)
Uozaki343,478 JPY (0.0Y/230.0sq.m)281,666 JPY (0.0Y/215.0sq.m)255,591 JPY (0.0Y/490.0sq.m)
Marinnpa-Ku-85,000 JPY (0.0Y/1000.0sq.m)81,818 JPY (0.0Y/1550.0sq.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

Uozaki343,478 JPY/sq.m (+22% compared with the previous year)

The average price of a sq.m Land of Uozaki was 343,478 JPY/sq.m. The market value represents an increase of 61,812 JPY (+21.9%) 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 230.0 sq.m (a +7.0% increase compared to the 215.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 10.0 min in 2016 and 6.0 min in 2017; -40.0%)

Sumiyoshi200,000 JPY/sq.m (-47% 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 174,090 JPY (-46.5%) 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 75.0 sq.m (a -56.4% decrease compared to the 172.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 10.8 min in 2016 and 4.0 min in 2017; -63.0%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 20.0% of total transactions in 2016 and 100.0% of total transactions in 2017)

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)