Sanyo Shinkansen railway market report

Sanyo Shinkansen Land market overview

The average price of a sq.m Land of Sanyo Shinkansen (Shin-Kobe to Aioi), in Jan, 2016 to Dec, 2016 was 83,631 JPY/sq.m. The market value represents an increase of 7,381 JPY (+9.7%) compared to 1 year ago and a transition to a strong market. 204 properties exchanged hands ( The market value represents an increase of 65 (+46.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 339.2 sq.m (a -22.9% decrease compared to the 440.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an 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; 1 stations have experienced decreased prices. The overall trend was toward increased prices. Nishi-Akashi station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Nishi-Akashi station, where prices have increased +11.2% compared to last year; a sq.m unit now costs 122,261 JPY/sq.m.

The top 1 stations has seen prices increase +11.2% (+12,304 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -38.9% (-113,835 JPY/sq.m).

Causes of price decreases

  • An decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.6% of total transactions in 2015 and 2.9% of total transactions in 2016)

Breakdown of each segment

The table below shows Land dealt in Sanyo Shinkansen, 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 Shin-Kobe, the highest market value along this railway was 179,047 JPY/sq.m. The market value represents a decrease of 113,835 JPY (-38.9%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Aioi, the lowest market value along this railway was 43,128 JPY/sq.m. The market value represents an increase of 2,393 JPY (+5.9%) compared to 1 year ago and a transition to a strong market. 25 properties exchanged hands ( The market value represents a decrease of 10 (-28.6%) compared to 1 year ago and a transition to a dramatic market.).

Sanyo Shinkansen (Stations Land market overview)
Sanyo ShinkansenThis year(2016)1 year ago2 years ago
Shin-Kobe179,047 JPY (0.0Y/38.3sq.m)292,882 JPY (0.0Y/138.3sq.m)532,557 JPY (0.0Y/332.0sq.m)
Nishi-Akashi122,261 JPY (0.0Y/205.6sq.m)109,958 JPY (0.0Y/206.2sq.m)109,827 JPY (0.0Y/220.9sq.m)
Himeji76,426 JPY (0.0Y/373.2sq.m)73,358 JPY (0.0Y/418.5sq.m)85,738 JPY (0.0Y/327.1sq.m)
Aioi43,128 JPY (0.0Y/417.4sq.m)40,735 JPY (0.0Y/631.0sq.m)44,360 JPY (0.0Y/276.2sq.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

Nishi-Akashi122,261 JPY/sq.m (+11% compared with the previous year)

The average price of a sq.m Land of Nishi-Akashi was 122,261 JPY/sq.m. The market value represents an increase of 12,304 JPY (+11.2%) compared to 1 year ago and a transition to a bull market. 42 properties exchanged hands ( The market value represents an increase of 25 (+147.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 205.6 sq.m (a -0.3% decrease compared to the 206.2 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 17.2 min in 2015 and 15.4 min in 2016; -10.8%)

Shin-Kobe179,047 JPY/sq.m (-39% compared with the previous year)

The average price of a sq.m Land of Shin-Kobe was 179,047 JPY/sq.m. The market value represents a decrease of 113,835 JPY (-38.9%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 38.3 sq.m (a -72.3% decrease compared to the 138.3 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 5.7 min in 2015 and 4.7 min in 2016; -17.6%)

Causes of price decreases

  • A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 66.7% of total transactions in 2015 and 66.7% of total transactions in 2016)

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)